Capstone Turbine Receives Underwriters Laboratories Certification for Its C1000 Series Product
CHATSWORTH, Calif., June 8, 2010 (GLOBE NEWSWIRE) -- Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world's leading clean technology manufacturer of microturbine energy systems, today announced that it has received Underwriters Laboratories (UL) certification for its C1000 Series products in accordance with UL 2200 and UL 1741.
"Receiving the UL certification allows us to aggressively sell the C1000 series of products in the United States," said Jim Crouse, Capstone's Executive Vice President of Sales and Marketing. "We have had great success selling the C1000 series product outside of our home market. We hope to drive the same success in the U.S."
"We are pleased to have achieved this significant milestone for the new C1000 series product," said Darren Jamison, Capstone's President and Chief Executive Officer. "This will open the megawatt scale U.S. market for distributed generation, energy efficiency and renewable biogas solutions to Capstone. We have already received orders for C1000s in New York, Philadelphia, Chicago and Los Angeles, and with the Obama administration's focus on increased energy efficiency, renewable portfolio standards and lower greenhouse gas emissions, we expect U.S. orders for the C1000 series to increase over the coming years," added Jamison.
The C1000 is a compact and robust one megawatt power system that provides the same low emissions, low noise, high efficiency and extended maintenance benefits of Capstone's C30, C65 and C200 offerings. It features Capstone's patented air bearing, remote monitoring and diagnostic capabilities and integrated utility synchronization and protection. The small, modular C1000 systems allow for simple and low-cost installation. Five- and nine-year Factory Protection Plans ("FPP") are available as with Capstone's other offerings, providing customers with fixed maintenance costs over the term of the FPP.
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 5,000 Capstone MicroTurbine(R) 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, Mexico City, Nottingham, Shanghai and Singapore.
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This press release contains "forward-looking statements," as that term is used in the federal securities laws, about increased sales of our C1000 product, compliance with UL standards and the advantages of our products. 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 Turbine Corporation" 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 June 8, 2010