Capstone Turbine to Host Open House for Equity Analysts and Investors at Newly Consolidated Facility
September 06 2018 - 8:30AM
Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:
CPST), the world’s leading clean technology manufacturer of
microturbine energy systems, is pleased to announce that it will
host an equity analyst and investor open house at its Van Nuys,
California facility on Wednesday, October 3, 2018, beginning at
10:00 a.m Pacific Time and concluding at 12:00 p.m. Pacific Time.
Equity analysts and investors will have the opportunity to tour
the recently consolidated Van Nuys manufacturing facility and world
headquarters located at 16640 Stagg Street in Van Nuys, California.
In addition, participants will be able to ask questions and
interact directly with key members of management on an informal
basis. Attending from the company will be Darren Jamison, President
and Chief Executive Officer; Jayme Brooks, Chief Financial Officer
and Chief Accounting Officer; Jim Crouse, Executive Vice President
of Sales and Marketing; Jeff Foster, Senior Vice President of
Customer Service and Quality; and Kirk Petty, Vice President of
Manufacturing, in addition to other key members of the management
team.
“We are excited to host an open house as part of our continuous
effort to enhance transparency with our shareholders and the
investment community and show them firsthand how we successfully
combined our two manufacturing facilities into one, and in just
nine short months. This was a key piece of our strategic
cost-cutting effort, and the results of the consolidation have
greatly improved Capstone’s overall efficiency, reduced waste and
improved our corporate culture,” said Darren Jamison, Capstone’s
President and Chief Executive Officer.
“Using Six Sigma and Lean methodologies, we’ve been able to see
significant improvements through the streamlining of all
operational processes, including direct manufacturing and
administrative support functions,” said Kirk Petty, Capstone’s Vice
President of Manufacturing. “As a result of our successful facility
consolidation, we have reduced operations overtime approximately
50%, which is making overtime significantly lower as a percentage
of revenue. In fact, we recently achieved less than a .002% total
annual physical inventory variance which was one of the lowest in
Capstone history,” added Mr. Petty.
Company executives will present Capstone’s FY2019 strategic
business goals, corporate overview and growth strategy. Company
executives will be available for a thirty-minute question and
answer session immediately following the company presentation and
prior to the facility tour.
“I look forward to sharing management’s vision on how we can
continue to improve on the estimated $194 million in annual energy
costs and 314,000 tons of carbon we saved customers last year.
Furthermore, we have an excellent opportunity to build on our
strategic goals and recent achievements,” concluded Mr.
Jamison.
Equity analysts and investors interested in attending should
contact Integra Investor Relations at cpst@integra-ir.com as
pre-registration is required to attend the Open House event and the
number of participants is limited.
The Company’s presentation can be viewed the day of the Open
House by visiting the Investor Relations section of the Company’s
website at www.capstoneturbine.com.
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 has shipped over 9,000
Capstone Microturbine systems to customers worldwide. These
award-winning systems have logged millions of documented runtime
operating hours. Capstone 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 DQS-Certified ISO 9001:2015 and ISO
14001:2015 certified company, Capstone is headquartered in
the Los Angeles area with sales and/or service centers in
the United States, Latin America, Europe, Middle East and
Asia.
For more information about the company, please visit
www.capstoneturbine.com. Follow Capstone Turbine on Twitter,
LinkedIn and YouTube.
Forward-Looking Statements
This press release contains “forward-looking statements,” as
that term is used in the federal securities laws. Forward-looking
statements may be identified by words such as “expects,” “believe,”
“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 CorporationInvestor and investment
media inquiries:818-407-3628ir@capstoneturbine.com
Integra Investor RelationsShawn M.
Severson415-226-7747cpst@integra-ir.com
Photos accompanying this announcement are available
athttp://www.globenewswire.com/NewsRoom/AttachmentNg/a5b8e03f-44e0-4247-9f54-9dce92c1799e
http://www.globenewswire.com/NewsRoom/AttachmentNg/c061590a-3c9b-4842-b054-0ea334900878
The photo is also available at Newscom, www.newscom.com, and via
AP PhotoExpress.
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