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CPST, news too...Capstone Turbine Opens Shanghai Office; CFO to Join Gov. Schwarzenegger on China Trade Mission




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Mon Nov 07 08:30:06 2005 EST
CHATSWORTH, Calif., Nov 07, 2005 (BUSINESS WIRE) --
Capstone Turbine Corporation(R) (www.microturbine.com)
(Nasdaq:CPST) CEO John R. Tucker announced today that the company has
officially opened a Capstone representative office in China. In a
related announcement, Tucker confirmed that Walter J. (Chuck) McBride,
Capstone's Executive Vice-President & CFO, will be joining Arnold
Schwarzenegger on the California's governor's trade mission to China
this month.
"Working with our distributor in China, Shanghai Aerospace Energy,
we expect China will become one of our leading customers in the years
ahead," said McBride. "This trade mission with Governor Schwarzenegger
will immediately boost the nation's awareness of the benefits of our
clean, fuel-efficient energy solutions that address China's rapidly
growing need for reliable and affordable everyday energy production."
Capstone's new representative office is located in Shanghai. At
Shanghai's Jiao Tong University, one of China's top technical
institutes, two Capstone MicroTurbines currently supplement power to
the university. The near-zero-emission exhaust of the systems directly
drives an absorption chiller that creates cold air conditioning from
heat energy instead of electric energy.
Schwarzenegger's week-long, mid-November trade mission to promote
the use of California-made products in the world's most populous
nation will make stops in Shanghai, Beijing and Hong Kong.
Representatives from a number of California-based companies will join
the governor, including those in the tourism, agricultural,
technology, financial and other industries.
"Capstone is the only energy equipment manufacturer involved in
this trade mission," McBride said.
About Capstone Turbine
Capstone Turbine Corporation (www.microturbine.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 more than 3,200 Capstone
MicroTurbine systems to customers worldwide. These award-winning
systems have logged more than 10 million 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 9001:2000 certified company, Capstone
Turbine is headquartered in the Los Angeles area with sales and/or
service centers in New York, Mexico City, Milan, Shanghai and Tokyo.
This press release contains "forward-looking statements" as that
term is used in the federal securities laws, with regard to, among
other items, expectations of increased sales in China. Forward-looking
statements may be identified by words such as "expect," "believe" and
similar phrases. These statements are subject to numerous assumptions,
risks and uncertainties described in Capstone's SEC filings that may
cause Capstone's actual results to be materially different. These
statements speak only as of the date of this release. Capstone
disclaims any obligation to revise these statements hereafter.
"Capstone Turbine Corporation" and "Capstone MicroTurbine" are
registered trademarks of Capstone Turbine Corporation. All other
trademarks mentioned are the property of their respective owners.
Note to Editors: Publication-quality photos of the Jiao Tong
University microturbines mentioned above are at:
http://www.microturbine.com/whatsnew/morePhotos.asp?newsid=381
Capstone's representative office in China is located at:
15/F One Corporate Avenue
222 Hubin Road, 1552
Luwan District, Shanghai
Peoples Republic of China
+ (86-21) 6122-1072
Andy Freyer, VP of Sales, Asia
[e-mail]
SOURCE: Capstone Turbine Corporation
Capstone Turbine Corporation
News Media Inquiries:
Keith Field, 818-407-3615
Investor and Investment Media Inquiries:
Alice Barsoomian, 818-407-3628