Capstone Receives Prestigious Supplier Gold Award from UTC
CHATSWORTH, Calif.-- Capstone Turbine Corporation (www.capstoneturbine.com) (NASDAQ:CPST), the world's leading clean technology manufacturer of microturbine energy systems, today announced it has been recognized by UTC Power, a United Technologies Corp. (NYSE:UTX) company, for superior performance by achieving UTC Supplier Gold status.
UTC's Supplier Gold program recognizes superior performance by suppliers.
Richard O'Donnell Jr., UTC Power's Director of Supply Chain Management, said, "Capstone is among a select group of suppliers being recognized for its performance in the areas of Quality, Delivery, Lean manufacturing and Customer Satisfaction."
Capstone supplies turbines for PureComfort(R) low-emission combined cooling, heating and power (CCHP) systems.
"We are very pleased and honored to receive this recognition from UTC Power, which demonstrates the improvement in our partnership over the last two years," said Darren Jamison, President & Chief Executive Officer of Capstone Turbine Corporation. "The PureComfort product continues to be key to our business and our entire team is committed to providing UTC with world-class products and services."
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 over 4,000 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 9001:2000 and ISO 14001:2004 certified company; Capstone Turbine is headquartered in the Los Angeles area with sales and/or service centers in New Jersey, New York, Mexico City, Milan, Nottingham, Shanghai and Tokyo.
About UTC Power
United Technologies Corp., based in Hartford, Connecticut, provides high-technology products and services to the building and aerospace industries. Its UTC Power unit in South Windsor, Conn., is a world leader in developing and producing fuel cells for on-site power and transportation.
"Capstone Turbine Corporation" and "Capstone MicroTurbine" are registered trademarks of Capstone Turbine Corporation. All other trademarks mentioned are the property of their respective owners.
This press release contains "forward-looking statements," as that term is used in the federal securities laws, about Capstone providing continued superior performance to UTC Power, and sales opportunities between the two companies. 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.
Source: Capstone Turbine Corporation
Released January 13, 2009