Capstone Green Energy Corp (fka CGRNQ)

[Seasound]

Great presentation all the way around. It is good that Capstone is finally looking into the LNGC market as well as the non-LNGC ocean going ships like I mentioned in a prior posting.

Several years ago I called Capstone HQ and told them about some great opportunities in the Floating Storage and Regas Unit sector. I also contacted some former colleques who are in senior management positions at various LNG shipping companies and passed on the Capstone Turbine concept.

What Capstone needs to do is market their solution to the ship builders, mainly in S. Korea and Japan, and the ship owner's. There are curently 103 new-build LNGCs under contract through 2017. These are already spec'ed out, but no doubt there will be plenty more new-builds on the horizon. The ideal conference for Capstone to exhibit would be GasTech 2014 in S. Korea which occurs about one year from now.

I know of one West Coast shipping company that pays more in fines for pollution and cleaning costs for boats across the channel in a year (because of their soot belching standby diesel generator sets) than the cost of several C1000s. They are just waiting for Capstone to make the call and offer a solution.