Capstone Green Energy Corp (fka CGRNQ)

[BMGS]

Capstone Secures Follow-On 2.4 MW FPP Long-Term Service Contracts with Key Oil & Gas Producer
April 09, 2018
VAN NUYS, Calif., April 09, 2018 (GLOBE NEWSWIRE) -- Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world's leading clean technology manufacturer of microturbine energy systems, announced today that it has secured multiple significant Factory Protection Plan (FPP) aftermarket long-term service contracts as follow-on orders to the 6.9 megawatt (MW) multimillion-dollar contract signed back in early January 2018.
https://www.capstoneturbine.com/news/press-releases/detail/3596/capstone-secures-follow-on-2-4-mw-fpp-long-term-service

“A key component to Capstone’s growth strategy is to increase our quarterly aftermarket service revenue and expand aftermarket gross margins to the point that they cover 100% of our quarterly operating costs,” said Darren Jamison, President and Chief Executive Officer of Capstone. “The FPP attachment rates on our combined heat and power (CHP) business has historically been much higher than our oil and gas customers, but we are seeing that change as oil and gas customers see the tremendous value and peace of mind provided by our factory-backed guaranteed life cycle contracts,” added Mr. Jamison.