Capstone to Present at Jefferies 11th Annual Industrials Conference in New York
CHATSWORTH, Calif., Aug. 7, 2015 (GLOBE NEWSWIRE) -- Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world's leading clean technology manufacturer of microturbine energy systems, announced that Darren Jamison, President and Chief Executive Officer, will present at the Jefferies 11th Annual Industrials Conference in New York City on Monday, August 10 at 10:40 a.m. EDT.
Institutional investors interested in scheduling a one-on-one meeting with management that day are encouraged to contact their Jefferies representative, or call Cheryl Schneider at 212-825-3210.
Capstone posted its first quarter fiscal 2016 earnings yesterday with total revenue of $27.0 million, up 16% compared to the same quarter a year ago with margins improving 200 basis points over the same period last year.
"We are off to a great start for the new fiscal year, with revenue rebounding as we recorded our second-best Q1 revenue in our company's 20-year history. We continued to experience strong revenue from our aftermarket service business and benefitted from strength in our combined heat and power (CHP) business, as the energy efficiency market continues to grow worldwide," said Darren Jamison, Capstone President and Chief Executive Officer.
"Our efforts to increase our geographical diversification are also paying off; we are making good progress in developing our markets in Australia, Mexico, South America, Africa and the Middle East. These efforts come as we strive to build upon our business in areas with greater opportunities while minimizing our current exposure in Russia. We believe our recently announced commitment by our global distributors to add 100 salespeople by the end of this calendar year and our increased marketing campaign will strengthen our efforts to capture additional market opportunities," added Jamison.
About Capstone Turbine Corporation
Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST) is the world's leading producer of low-emission microturbine systems and was the first to market commercially viable microturbine energy products. Capstone Turbine has shipped over 8,500 Capstone Microturbine systems to customers worldwide. These award-winning systems have logged millions of documented runtime operating hours. Capstone Turbine is a member of the U.S. Environmental Protection Agency's Combined Heat and Power Partnership, which is committed to improving the efficiency of the nation's energy infrastructure and reducing emissions of pollutants and greenhouse gases. A UL-Certified ISO 9001:2008 and ISO 14001:2004 certified company, Capstone is headquartered in the Los Angeles area with sales and/or service centers in the New York Metro Area, United Kingdom, Mexico City, Shanghai and Singapore.
The Capstone Turbine Corporation logo is available at https://www.globenewswire.com/newsroom/prs/?pkgid=6212
This press release contains "forward-looking statements," as that term is used in the federal securities laws, about increased geographical diversification and additional market opportunities. Forward-looking statements may be identified by words such as "expects," "objective," "intend," "targeted," "plan" and similar phrases. These forward-looking statements are subject to numerous assumptions, risks and uncertainties described in Capstone's filings with the Securities and Exchange Commission that may cause Capstone's actual results to be materially different from any future results expressed or implied in such statements. Capstone cautions readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Capstone undertakes no obligation, and specifically disclaims any obligation, to release any revisions to any forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.
"Capstone" and "Capstone MicroTurbine" are registered trademarks of Capstone Turbine Corporation. All other trademarks mentioned are the property of their respective owners.
CONTACT: Capstone Turbine Corporation Investor and investment media inquiries: 818-407-3628 firstname.lastname@example.org
Released August 7, 2015