Capstone Turbine Corp. (CPST) - 500 Beiträge pro Seite

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Profile:
Capstone Turbine Corp. develops, designs, assembles and sells Capstone MicroTurbines for worldwide applications in the markets for on-site power production, also known as distributed power generation, and hybrid electric vehicles that combine the primary source battery with an auxiliary power source, such as a microturbine to enhance performance. The Capstone MicroTurbine is a state-of-the-art system that produces approximately 30 kilowatts of electricity for commercial and small industrial users. It operates on the same principle as a jet engine but can use a variety of commercially available fuels, such as natural gas, diesel, kerosene and propane, as well as previously unusable or underutilized fuels. The Company`s microturbine combines patented air-bearing technology, advanced combustion technology and sophisticated power electronics to produce an efficient and reliable electricity and heat production system that requires little on-going maintenance.

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Capstone Announces Fourth Quarter and Year End Results
CHATSWORTH, Calif.--(BUSINESS WIRE)--Feb. 7, 2001--Capstone Turbine Corporation (Nasdaq:CPST - news), a leading producer of low-emission microturbine systems, today reported revenue of $7.1 million for the fourth quarter ended December 31, 2000, compared with revenue of $5.4 million for the fourth quarter of 1999. The increase in revenue reflects the Company`s further penetration of its core microturbine markets, which has resulted from expanded marketing efforts and a growing global interest in distributed generation solutions.

For the fourth quarter of 2000, Capstone`s net loss decreased to $6.4 million, or $0.08 per share on 75,474,465 shares, compared with a net loss of $32.1 million, or $13.56 per share on 2,364,989 shares, for the same period of 1999.

The decrease in the net loss was primarily attributable to the Company no longer taking charges for accretions and dividends on preferred stock, an improving gross margin and revenue growth resulting from an increase in the number of units shipped.

``California`s current power situation has focused a considerable amount of attention on distributed generation solutions that can ease the burden placed on the utility grid,`` said Dr. Ake Almgren, President and CEO of Capstone Turbine Corporation. ``As the first company to develop and commercialize the microturbine, Capstone`s proven technology is capable of being part of the solution to California`s power supply issues. Our customers can quickly bring additional generating capacity online in an environmentally friendly way to provide very reliable power for their operations. We are working to aggressively position the Company to capitalize on our commercial availability and accelerate adoption of the Capstone MicroTurbine as a preferred provider for clean and reliable energy systems. As a California-based company, we are highly motivated to provide solutions which enhance the state`s economy and its environment. To that end, we are establishing a wholly-owned subsidiary, Capstone California, to focus on energy solutions for the California market.``

``Beyond our efforts related to the California market, we have made substantial progress in penetrating our core markets and implementing our business plan, which is reflected in our improved fourth quarter results,`` said Dr. Almgren.

Quarterly highlights

During the fourth quarter of 2000, Capstone:

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-- Signed distribution agreements for delivery of 452 systems.
Agreements were signed with Enertec, LLC (126 systems),
Interstate Detroit Diesel (200 systems), and Total Support (126
systems).

-- Expanded its 60-kilowatt line of microturbine power systems to
include high- and low-pressure natural gas models in grid-connect
mode.

-- Shipped its 1,000th microturbine power system.

-- Recently began the initial manufacturing activities for the
recuperator core component of its microturbine power systems,
including commissioning initial manufacturing equipment and
processes at its newly dedicated facility for production of
recuperator cores.

-- Completed a secondary offering of 5,000,000 shares of its common
stock, of which the Company offered 714,286 and 4,285,714 were
offered by selling stockholders. The Company generated proceeds,
net of underwriter`s commissions and expenses, of $19.7 million
from the secondary offering, which is being used to develop
Capstone`s recuperator core manufacturing activities.

-- Developed a backlog of 806 units as of December 31, 2000.

-- Achieved ISO 9001 certification.

-- Received the "Most Innovative Commercial Technology Development
Award" for its line of microturbine power systems at the 2000
Financial Times Energy Global Awards.

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The Company shipped 242 systems during the fourth quarter: 235 of the 30-kilowatt microturbines and 7 of the 60-kilowatt microturbines. The number of 60-kilowatt systems shipped is less than the Company had anticipated for the fourth quarter. This is attributable to ongoing electronic component shortages that impacted production volumes. These shortages have led the Company to continue the pilot production program initially through March to stabilize and ensure that adequate quantities of high quality parts are available for its family of 60-kilowatt systems.

``We are currently shipping high- and low-pressure natural gas models of our 60-kilowatt systems that operate in grid-connect mode,`` said Dr. Almgren. ``We expect to add stand-alone capabilities during the second quarter of this year.``

The Company`s Research and Development program is currently focused on additional 60-kilowatt product releases, including stand-alone and dual mode operations, and additional gaseous and liquid fuel offerings.

``In addition, we are on schedule with our five-year project to develop an Advanced Microturbine System for the U.S. Department of Energy, which contributes to our development of a 125-180 kilowatt system. We also recently shipped our initial microturbine to FuelCell Energy as part of a strategic program to develop a hybrid microturbine/fuel cell power plant,`` said Dr. Almgren.

Improved Financial and Operational Performance

For the fourth quarter of 2000, gross margin improved to slightly less than breakeven, compared with a negative 106% gross margin in the same period in 1999 and a negative 17% gross margin in the third quarter of 2000. The improvement in gross margin is attributable to both amortization of factory overhead over a greater number of units shipped, and also to better than anticipated performance of the Company`s microturbines, which has enabled Capstone to reduce its warranty expense per unit.

``For example, we have never experienced a recuperator core failure in any of the more than 1,000 microturbine systems we have shipped,`` said Dr. Almgren. ``Also, achieving ISO 9001 quality status further assures continuous quality improvements.``

Research and Development expenses increased to $2.9 million, compared with $2.5 million in the fourth quarter of 1999. Research and development expenses related primarily to the development of additional product releases for the Company`s 60-kilowatt microturbine system.

SG&A increased to $6.8 million, compared with $3.4 million in the fourth quarter of 1999. This increase is primarily attributable to expanding sales and marketing efforts, including the hiring of additional employees and general overhead expenses. The Company anticipates that this trend will continue as it enters new markets and develops expanded sales and marketing programs. $1.9 million of the increase was attributable to non-cash charges relating to stock-based compensation expense and marketing rights amortization.

Year-End Financials

For the year ended December 31, 2000, Capstone posted revenues of $23.2 million, as compared with $6.7 million in the prior year. Capstone reported a net loss of $591.3 million, or $12.82 per share on 46,107,074 shares, for the year ended December 31, 2000. This compares with a net loss of $56.2 million, or $24.53 per share on 2,292,242 shares, for the prior year. In accordance with GAAP accounting, the Company`s net loss per share was calculated using the weighted average number of shares outstanding. Due to public stock offerings in June and November, the weighted average number of shares outstanding in 2000 was significantly lower than the total number of shares outstanding at the end of the year. The increase in the net loss in fiscal year 2000 was primarily the result of $559.9 million in non-cash charges associated with recording the preferred stock deemed dividend and fair market value accretion.

For the year ended December 31, 2000, Capstone shipped 790 units, as compared with 211 units in 1999. Approximately one-half of the shipments were subassemblies, as compared with approximately 10% in 1999. The Company intends to continue pursuing a strategy of increasing shipments of subassemblies, which provide higher margins than shipments of complete microturbine systems.

Strong Balance Sheet

The Company had approximately $236.9 million in cash and cash equivalents as of December 31, 2000, and no long-term debt. Management believes that the current cash balances are sufficient to finance the business plan and the Company currently has no requirements to return to the equity capital markets.

``Through successful execution of a private equity offering in February, our initial public offering in June, and a secondary offering in November, we have built a strong financial position,`` said Jeff Watts, Chief Financial Officer. ``This substantially removes financial risk from the Company, as we will not need to rely on the volatile equity capital markets for financing.``

Company Overview and Outlook

``Capstone has met or surpassed virtually all milestones management set for the Company`s 2000 performance,`` said Mr. Watts. ``Throughout the year, we achieved top-line growth and an improvement in our gross margin, and we are working to continue both trends in 2001. With our infrastructure established, we will seek to leverage our fixed cost structure to enhance bottom line results.

``In 2001, we will continue to focus on further penetrating our core markets while also working to capitalize on emerging markets such as Power Quality and Reliability,`` added Mr. Watts. ``With this in mind, and due in part to evolving issues such as the California energy situation, we see a wide range of demand possibilities for our microturbines in 2001.``

The Company announced that it is on-track or slightly ahead of schedule in developing its recuperator core manufacturing processes, with a goal of initiating production of the recuperator cores in the third quarter of 2001. ``The production of our own recuperator cores is expected to have a positive impact on the Company`s gross margin,`` added Mr. Watts.

Media Reports

Mr. Watts commented on the recent media reports on Capstone related to the California energy situation. ``Some media reports have contained what could be construed as inaccurate or misleading information regarding Capstone`s future operating performance. Our intent is not to comment on the accuracy or inaccuracy of specific media reports. We will continue to maintain our policy of not making prospective statements about the Company`s performance, except by oral or written communications emanating directly from the Company and issued through recognized disclosure media in compliance with SEC Regulation FD.``

About Capstone Turbine Corporation

Capstone Turbine Corporation (www.microturbine.com; Nasdaq:CPST - news) is a leading producer of low-emission microturbine systems. In 1998, Capstone was the first to offer commercial power products utilizing microturbine technology, the result of more than ten years of focused research. Worldwide, hundreds of commercial production Capstone MicroTurbine systems serve, among others, the following applications:

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-- Hybrid electric vehicles (HEVs): onboard generation

-- Resource recovery: converting oilfield and biomass waste gases
into electricity

-- Micro-cogeneration: combined heat/power/chilling solutions

-- The 9s Market: power quality and reliability


Certain statements contained in this release may be deemed to be forward-looking statements as defined by the Private Securities Litigation Act of 1995, and Capstone Turbine Corporation intends that such forward-looking statements be subject to the safe-harbor created thereby. Such forward-looking statements relate to: 1) Capstone`s penetration of its target markets, including its ability to be a part of the solution to California`s power supply issues; 2) the emergence of additional markets for microturbines; 3) demand for microturbines and the ability of the Company to ship its 60-kilowatt systems; 4) the Company`s development of additional microturbine product releases, including a 125-kilowatt system; 5) the Company`s development and initiation of recuperator core manufacturing activities; 6) the impact of production of recuperator cores and the amortization of factory overhead on the Company`s gross margin; and 7) component shortages experienced by the Company and the Company`s ability to overcome such shortages. Capstone cautions that these statements are qualified by important factors that could cause actual results to differ materially from those reflected by the forward-looking statements herein. Such factors include, but are not limited to: 1) market acceptance of Capstone`s technology and products; 2) the size, timing and shipment of individual orders; 3) the ability of Capstone to successfully execute its production and marketing plans; 4) the Company`s ability to develop additional microturbine product releases; 5) the Company`s ability to successfully develop its recuperator core manufacturing processes and expand production capacity; 6) being able to secure adequate supplies of acceptable quality components or experiencing higher than anticipated costs; 7) exposure to product liability or other tort claims; 8) the Company`s ability to control its warranty exposure; 9) the Company`s ability to retain key management and technical personnel; 10) barriers to entry in the marketplace or regulations that may effect the Company`s ability to sell its products; 11) the Company`s ability to protect its intellectual property or if the Company is found to have infringed upon the intellectual property of others; 12) the Company`s ability to operate in a highly competitive market against competitors who have significantly greater resources; and other factors detailed in the Company`s filings with the Securities and Exchange Commission. Capstone cautions readers not to place undue reliance on these 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 TURBINE CORP.
STATEMENT OF OPERATIONS

Three Months Ended Years Ended
December 31, December 31,
1999 2000 1999 2000

Revenues $ 5,379,000 $ 7,134,000 $ 6,694,000 $ 23,163,000
Cost of Goods Sold 11,059,000 7,157,000 15,629,000 27,815,000
Gross Profit
(Loss) (5,680,000) (23,000) (8,935,000) (4,652,000)

Operating Costs
and Expenses:
Research and
development 2,470,000 2,903,000 9,151,000 11,319,000
Selling,
general and
administrative 3,373,000 6,803,000 11,191,000 24,067,000
Total
operating
costs and
expenses 5,843,000 9,706,000 20,342,000 35,386,000

Income (Loss)
from Operations (11,523,000) (9,729,000) (29,277,000) (40,038,000)

Interest Income 102,000 3,582,000 452,000 9,589,000
Interest Expense (258,000) (182,000) (721,000) (915,000)
Other Income (Expense) 12,000 (28,000) 17,000 (59,000)
Profit (Loss)
Before Income
Taxes (11,667,000) (6,357,000) (29,529,000) (31,423,000)
Provision for
Income Taxes 1,000 1,000
Net Income (Loss) (11,667,000) (6,357,000) (29,530,000) (31,424,000)

Preferred Stock
Dividends,
Accretion, and
Repurchase (20,413,000) (26,700,000) (559,862,000)

Net Loss
Attributable to
Common
Shareholders $ (32,080,000)$ (6,357,000)$(56,230,000)$(591,286,000)

Weighted Average
Common Shares
Outstanding 2,364,989 75,474,465 2,292,242 46,107,074

Net Loss Per
Share of Common
Stock - Basic and
Diluted $ (13.56) $ (0.08) $ (24.53) $ (12.82)


CAPSTONE TURBINE CORP.
BALANCE SHEETS

December 31,
1999 2000

Assets
Current Assets:
Cash and cash equivalents $ 6,858,000 $ 236,947,000
Accounts receivable, net of
allowance for doubtful accounts
of $50,000 at December 31, 1999
and $85,000 at December 31, 2000 2,425,000 3,664,000
Inventory 8,803,000 14,123,000
Prepaid expenses and other current
assets 2,217,000 1,689,000

Total current assets 20,303,000 256,423,000

Equipment and Leasehold Improvements:
Machinery, equipment and furniture 11,824,000 13,664,000
Leasehold improvements 137,000 3,055,000
Molds and tooling 541,000 1,331,000
12,502,000 18,050,000

Less accumulated depreciation and
amortization 4,570,000 6,434,000

Total equipment and leasehold
improvements 7,932,000 11,616,000

Deposits on Fixed Assets 3,374,000 6,649,000
Other Assets 422,000 302,000
Intangible Assets, Net 4,896,000 27,028,000

Total $ 36,927,000 $ 302,018,000

Liabilities and Stockholders` (Deficiency) Equity
Current Liabilities:
Accounts payable $ 1,728,000 $ 4,728,000
Accrued salaries and wages 677,000 1,135,000
Other accrued liabilities 2,340,000 1,282,000
Accrued warranty reserve 3,168,000 5,589,000
Deferred revenue and discounts 4,696,000 4,064,000
Current portion of capital lease
obligations 1,400,000 1,497,000

Total current liabilities 14,009,000 18,295,000

Non-current Liabilities:
Long-Term Portion of Capital Lease
Obligations 4,499,000 3,999,000
Other long-term liabilities -- 342,000
Accrued Dividends Payable 6,175,000 --

Total non-current liabilities 10,674,000 4,341,000

Commitments and Contingencies

Total redeemable preferred stock 156,469,000

Stockholders` (Deficiency) Equity:
Common stock, $.001 par value;
415,000,000 shares authorized;
2,377,826 and 75,771,303 shares
issued and outstanding at Dec. 31,
1999 and Dec. 31, 2000 respectively 2,000 76,000
Additional paid in capital 516,738,000
Accumulated deficit (144,227,000) (237,432,000)

Total stockholders`
(deficiency) equity (144,225,000) 279,382,000

Total $ 36,927,000 $ 302,018,000

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Capstone Turbine Wins ``Most Innovative`` Award at Financial Times Energy Global Energy Awards
Leading International Energy Information Organization Deems Capstone MicroTurbine the Premier Commercial Energy Development
NEW YORK--(BUSINESS WIRE)--Dec. 1, 2000-- At the second annual Financial Times Energy Global Awards ceremony held here last night, Capstone Turbine Corp. (Nasdaq:CPST - news) won the prestigious ``Most Innovative Commercial Technology Development Award`` for its line of microturbine power systems.

Other nominees in the category were ABB Alstrom (ABB.NS), Catalytica Combustion Systems (Nasdaq:CTAL - news), Fortum Energy and Silicon Energy Corp.

Several other award winners in the event`s other 12 categories included: DuPont (NYSED - news) for ``Best Environmental Practice,`` Enron (NYSE:ENE - news) for ``Energy Company of the Year,`` Calpine (NYSE:CPN - news) and Scottish Power (NYSE:SPI - news) in a tie for ``Best Electricity Company,`` David L. Sokol of MidAmerican Energy for ``CEO of the Year,`` and Innogy Holdings (NYSE:IOG - news) for ``Most Promising Pre-Commercial Technology Development.``

Accepting the award at the gala, sponsored by Deloitte Touche Tohmatsu, Capstone president and CEO, Dr. Ake Almgren, said, ``Only in America could the idea of a microturbine surface. Only in America could venture capital invest $260 million and stay with the vision for more than eight years. Only in America would you find a group of individuals with the same combination of talent, energy and perseverance working together. And only in America could a person who speaks with an accent be chosen to lead that company.``

Almgren later went on to note that this award comes at a particularly auspicious time for Capstone Turbine Corp. ``Almost exactly two years ago, Capstone produced its very first commercial production Model 330 Capstone MicroTurbine. And just a few days ago we shipped our 1000th commercial production system. To top off this historic week by having our systems recognized as the energy industry`s most innovative commercial technology is truly splendid.``

Capstone MicroTurbine(TM) systems generate electricity and heat from natural gas, methane, propane, diesel and kerosene as well as from unprocessed oilfield flare gas, landfill gas, 7-percent sour gas and other waste gases. UL-Listed Capstone MicroTurbines are characterized by extremely low NOx emissions, have a single moving assembly, and use no oil, coolants or other liquids.

About Financial Times Energy

Financial Times Energy (www.ftenergy.com) is the world`s most comprehensive provider of global energy industry information, including news, data and unbiased analysis. The publications, database information systems, conferences, consulting groups, and unparalleled research staff and resources of Financial Times Energy are designed to help senior managers in all energy-related fields make informed decisions and keep pace with industry trends.

The organization provides expert analysis of retail markets, power generation and distribution, oil and gas, coal and mining, and environmental issues. The FT Energy family of products includes such respected brands as Megawatt Daily, Gas Daily, and Power in Europe, as well as industry conferences including PowerMart and Coal Marketing Days.

FT Energy management reports, covering topics from risk management to electric transmission to natural gas in Asia, offer executives the insight they need to make intelligent business decisions. FT Energy focuses on the retail side of the energy business through E Source offerings, and on the supply-side with such in-depth databases and analytical tools as POWERdat, GASdat, and POWERmap, as well as RDI multi-client studies.

Financial Times Energy has offices in Colorado, Virginia, Texas, Tennessee and London, England. The company is a wholly owned subsidiary of the London-based international media group Pearson plc.

About Capstone Turbine Corporation

Capstone Turbine Corp. (www.microturbine.com; Nasdaq:CPST) is a leading producer of low-emission microturbine systems. In 1998, Capstone was the first to offer commercial power products utilizing microturbine technology, the result of more than ten years of focused research.

Worldwide, hundreds of commercial production Capstone MicroTurbine systems serve, among others, the following applications:

Hybrid electric vehicles (HEVs): onboard generation
Resource recovery: converting oilfield and biomass waste gases into electricity
Micro-cogeneration: combined heat/power/chilling solutions
The 9s Market: Power quality and reliability
General microturbine images are at: http://www.microturbine.com/whatsnew

Press release and photos of 1000th microturbine noted above is at: http://www.microturbine.com/whatsnew/pressrelease.asp?article=55

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The Power Industry is Set for a Revolution
Bear Stearns Releases a New Report Highlighting Investment Opportunities in Distributed Energy Services
NEW YORK--(BUSINESS WIRE)--Dec. 7, 2000--Demand for electricity in today`s high-tech economy is being stretched beyond the means of the traditional power system in this country. Combined with a confused and inconsistent deregulation effort across various portions of the U.S., this has led to dramatic price spikes and much dismay among consumers, governmental organizations and public companies. The confluence of these factors, as well as advancements in both new and old power generation technologies, could provide the next big investment opportunity for the coming decade, according to a new report from Bear Stearns analyst Robert Winters. The report, ``Distributed Energy Services - The World`s Power and Transportation Industries: Set for a Revolution - Part II,`` is Winters second major report on the subject in the past nine months. The study identifies technologies and companies which could be poised for growth in the distributed energy services sector.

``Thanks to major technological advances and energy deregulation, a wave of new investment in the power industry has just begun. We believe that this coming era in the power industry could resemble the wave of investments which flooded into the telecommunications industry following the breakup of AT&T in the early 1980`s,`` said Winters.

Specifically, Winters` report explores microturbines, a potentially important new distributed generation technology which is in the early stages of market commercialization. In addition, the report examines existing reciprocating engines technologies, including diesel engines, and long existing technologies such as Stirling engines which are suddenly enjoying a revival.

The Need for Distributed Power

Thanks to recent advancements in the high-tech economy, plentiful, reliable and high-quality electricity has become a necessity. Unfortunately, blackouts and brownouts have begun to occur at alarming rates and large power grids have become less reliable. As such, the need for distributed energy continues to grow. ``Companies and municipalities need to find ways to ensure the availability of high quality, reliable power,`` said Winters.

Microturbines--The Best Positioned Technology

According to Winters` research, microturbines are the best positioned of the ``new`` technologies to make an immediate impact. The units, which can be powered by several different fuels, resemble downsized jet engines. The units are relatively small, quiet and efficient. ``Microturbines are incredibly flexible,`` said Winters. ``They can be used as a main power source, a back-up power source or as an alternative when there is a spike in traditional energy prices. Microturbines can also be used in remote locations, including developing countries, that do not have access to electricity.``

Flywheel Technology

In addition to microturbines, Winters` report also expands upon flywheel technology, which was first previewed in his April 2000 report. Flywheels store power in kinetic form, in the spinning motion of the flywheel. This stored energy can then be reconverted back into electricity by running the flywheel as a generator. ``Flywheels can be environmentally and financially attractive replacements to battery-based back-up power supplies,`` commented Winters.

Two Companies to Watch

Along with the report, Winters initiated coverage on two distributed energy companies, Active Power (ACPW), a flywheel pioneer, with a Buy rating, and Capstone Turbine Corporation (CPST), which manufactures microturbines, with an Attractive rating. Additionally, Winters covers two fuel cell companies, Ballard Power (BLDP) is rated Buy and Plug Power (PLUG) is rated Neutral.

More to Come

According to the report, these companies are at the forefront of what is likely to be an explosion of technological advances that will improve the way we produce and use energy. Innovations in fuel cells, microturbines and flywheels, as well as developments in other distributed energy technologies, could result in revolutionary changes in energy and the economy. According to the report, the menu of technologies which can provide high-quality, reliable power will be greatly expanded in the future and there will be a thrust toward pushing the generation of energy closer to the end user through the most economic means possible. ``It is exciting to think we are at the beginning of what is likely to be a period in which we see dramatic changes in the way we, and the rest of the world, think about power generation,`` said the Bear Stearns analyst.

Members of the Press

To obtain the full report or to speak with Robert Winters, members of the press can contact Roseanne Nizzari at 212-272-4314 or Russell Sherman at 212-272-5219.

Founded in 1923, Bear, Stearns & Co. Inc. is a leading worldwide investment banking and securities trading and brokerage firm, and the major subsidiary of The Bear Stearns Companies Inc. (NYSE:BSC - news). With approximately $24.8 billion in total capital, Bear Stearns serves governments, corporations, institutions and individuals worldwide. The company`s business includes corporate finance and mergers and acquisitions, institutional equities and fixed income sales, trading and research, private client services, derivatives, foreign exchange and futures sales and trading, asset management and custody services. Through Bear, Stearns Securities Corp., it offers prime broker and broker dealer clearing services, including securities lending. Headquartered in New York City, the company has more than 11,000 employees located in domestic offices in Atlanta, Boston, Chicago, Dallas, Los Angeles, San Francisco and San Juan; and an international presence in Beijing, Buenos Aires, Dublin, Hong Kong, London, Lugano, Sao Paulo, Seoul, Shanghai, Singapore and Tokyo. For additional information about Bear Stearns, please visit the firm`s Web site at http://www.bearstearns.com.

Any recommendation contained in this report may not be suitable for all investors. Moreover, although the information contained herein has been obtained from sources believed to be reliable, its accuracy and completeness cannot be guaranteed. Bear Stearns may make markets and effect transactions, including transactions contrary to any recommendations herein, or have positions in the securities mentioned herein (or options with respect thereto) and may also have performed investment banking services for the issuers of such securities. In addition, employees of Bear Stearns may have positions and effect transactions in the securities or options of the issuers mentioned herein and may serve as directors of such issuers. Copyright (c) 2000. All rights reserved by Bear, Stearns & Co. Inc

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Energy Giant BP Unveils Capstone-Powered Gas Station/Energy Museum
Capstone MicroTurbine Supplies Bulk of Electricity to Innovative Madrid Facility
MADRID, Spain--(BUSINESS WIRE)--Dec. 14, 2000--Global energy giant BP (www.bp.com; NYSE:BP - news) unveiled what it claims to be the world`s most environment-friendly gas station at a gala grand opening Tuesday here in the Spanish capital.

BP chose to use a Capstone MicroTurbine(TM) power system as the facility`s primary source of clean electricity.

A Spanish-language BP press release on the unveiling stated that the ``future of energy and the environment is in a critical situation, and we at BP are committed to doing our part to change our habits of consumption, optimize energy efficiency and promote energy saving measures. And, of course, we have a commitment to promoting the use of renewable energies and new technologies. In sum, we intend to have a holistic policy of respecting the environment.``

In addition to its 30 kW electrical output, the Capstone MicroTurbine also produces heat that will be used to warm the water used by the site`s car wash, and for space heating in winter months, ``creating a total energy efficiency of about 80%,`` according to the BP press release.

BP`s Spanish press materials note that the facility, named ``Harmony,`` also includes a 10 kilowatt photovoltaic array, a 6 kW wind turbine and a geothermal exchange system to maximize utilization of residual heat. The service station will provide fuels ranging from gasoline to liquefied natural gas, and will have an electric vehicle charging service and other amenities. It also houses an on-site Renewable Energy Hall exhibition space showcasing the systems that are the sole source of power for this high-tech service station. The exhibit will serve as an energy teaching laboratory for local universities and the public at-large.

A similar Capstone-powered service station/energy museum is due to debut in Lisbon, Portugal, in the next few weeks.

Through BP`s 3-year-old Sunflower program, they ``will have installed photovoltaic solar panels in 40 of our Iberian network service stations by the end of 2000,`` according to the BP Espana press release. Press materials also note that BP Espana has recently developed a business unit for the commercialization of natural gas and electrical generation technologies that will directly serve Spain and Portugal.

``BP is one of the world`s largest energy companies, and they have clearly demonstrated a leadership and an abiding commitment to development of clean and renewable energy sources,`` said Dr. Ake Almgren, Capstone Turbine`s president and chief executive officer. ``BP`s selection of the Capstone MicroTurbine as the primary on-site energy supply system for their Madrid and Lisbon facilities is a significant endorsement.``

About BP

BP Amoco p.l.c. (www.bp.com)(NYSE:BP - news) is the holding company of one of the world`s largest petroleum and petrochemicals groups. BP`s main activities are exploration and production of crude oil and natural gas; refining, marketing, supply and transportation; and manufacturing and marketing of petrochemicals. They have a growing activity in gas and power and in solar power generation. BP, in fact, is one of the world`s largest producers of photovoltaic modules and systems.

BP has well-established operations in Europe, North and South America, Australasia and Africa, including more than 29,000 retail service stations worldwide, of which more than 17,000 BP, Amoco and ARCO stations are located throughout the United States.

The move to a single brand follows a $120 billion series of mergers and acquisitions which, over the past two years, has brought together the former British Petroleum, Amoco Corp., Atlantic Richfield (ARCO) and most recently, Burmah Castrol, to create a combined group with a market value of more than $180 billion.

About Capstone Turbine

Capstone Turbine Corp. (www.microturbine.com; Nasdaq:CPST - news) -- winner of Financial Times Energy`s (www.ftenergy.com) 2000 Global Energy Award for Most Innovative Commercial Technology -- is a leading producer of low-emission microturbine systems. In 1998, Capstone was the first to offer commercial power products utilizing microturbine technology, the result of more than ten years of focused research. Worldwide, hundreds of commercial production Capstone MicroTurbine systems serve, among others, the following applications:

Hybrid electric vehicles (HEVs): onboard generation
Resource recovery: converting oilfield and biomass waste gases into electricity
Micro-cogeneration: combined heat/power/chilling solutions
The 9s market: power quality and reliability
This press release contains ``forward-looking statements,`` as that term is used in the federal securities laws, about Capstone`s business, including statements regarding expected growth in applications over the next several years. You can find many of these statements by looking for words such as ``believes,`` ``expects,`` ``anticipates,`` ``estimates,`` or similar expressions. These forward-looking statements are subject to numerous assumptions, risks and uncertainties that may cause Capstone`s actual results to be materially different from any future results expressed or implied in such statements. These risks and uncertainties include those risks, uncertainties and risk factors identified, among other places, under ``Risk Factors`` in Capstone`s registration statement on Form S-1, Securities and Exchange Commission File No. 333-48524. Capstone cautions you not to place undue reliance on these statements, which speak only as of the date of this release. Capstone undertakes no 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.

Note to Editors: A Spanish press release from BP on this topic is at http://www.bpesp.com/pryBP2_Local/Noticias/Noticias.htm.

Information on the FT Energy Award noted above is at http://www.microturbine.com/whatsnew/pressrelease.asp?article=56." target="_blank" rel="nofollow ugc noopener">http://www.microturbine.com/whatsnew/pressrelease.asp?article=56.

High-resolution photos available at: http://www.microturbine.com/whatsnew

[panik]

CARB Certifies World`s First Turbine Engine for Commercial Vehicle Use
Capstone MicroTurbines Serve as Propulsion Power Generator for Hybrid-Electric Vehicle Applications
CHATSWORTH, Calif.--(AutomotiveWire)--Feb. 9, 2001--The California Air Resources Board (CARB) has certified the world`s first turbine engine for use in commercial hybrid electric vehicles.

Using a CARB-approved test cycle for testing emissions of microturbine systems, the nitrogen oxide (NOx) emissions of the alternative-fueled 30-kilowatt Capstone MicroTurbine is 0.26 grams per brake horsepower-hour using CNG (compressed natural gas), 0.53 using LPG (propane). Particulates using either fuel are virtually undetectable.

In comparison to emissions figures published in CARB`s database, the natural gas-fueled Capstone MicroTurbine(TM) power system has 80% fewer NOx emissions than the next-lowest-emitting CARB-certified heavy-duty bus and truck CNG engine.

``CARB-certification of the ultra-low emissions of our microturbine for hybrid electric vehicles is a most important step forward. This is clear validation that there is a solution -- available and on the road today -- that meets upcoming California and EPA (Environmental Protection Agency) emissions requirements, a claim no other heavy-duty engine manufacturer can make,`` said Capstone President & Chief Executive Officer Dr. Ake Almgren.

In hybrid electric vehicle applications, the lightweight Capstone MicroTurbine serves as an onboard generator to recharge the hybrid`s batteries, greatly extending range and payload capacity. To date, Capstone MicroTurbines have been integrated into buses operating in cities in the United States and abroad.

Certification to a CARB-defined test cycle is essential for widespread engine acceptance not only in California, but throughout the nation. Many vehicle manufacturers, transit authorities and others, even in countries outside of North America, look to CARB-certified emissions performance to make their long-range purchasing decisions.

A diesel-fueled version of the Capstone MicroTurbine is currently available and EPA-sanctioned for sale in all states other than California. Capstone has submitted this diesel model for CARB certification.

Hybrid Electric Vehicle (HEV) background

(photos at www.microturbine.com/carb)
``Commercialization of hybrid bus technology has opened the playing field for nontraditional transportation propulsion sources, such as microturbine engines,`` said Capstone HEV Development Manager Mark Aramli. ``This CARB certification unequivocally proves that the Capstone MicroTurbine is the world`s cleanest-burning heavy-duty bus and truck engine, even without the post-combustion exhaust treatment utilized by other commercial engine manufacturers.

``The Capstone MicroTurbine HEV engine is road-proven technology that has been in operation for years and tens of thousands of real-world revenue-service miles,`` Aramli said.

In addition to being cleaner than traditional bus engines, the Capstone MicroTurbine is also smaller, lighter and quieter. With a single moving assembly, no gearbox, no pumps or mechanical subsystems, and no need for oil, lubricants or coolants, better reliability and greatly reduced maintenance has been demonstrated on Capstone-Energized(TM) buses operating in the United States and abroad. Fuel consumption is about half that of a comparable nonhybrid bus.

The first Capstone-Energized hybrid bus was built by Advanced Vehicle Systems (www.avsbus.com) of Chattanooga, Tenn., and went into public service in 1997. Two years later, Tempe, Ariz., placed what was then the world`s largest hybrid electric bus order: 31 buses with an option to buy 169 more. Tempe test operated 10 of the buses throughout a scorching summer last year with no microturbine-related problems. AVS has delivered other Capstone-Energized hybrid electric buses to Atlanta, Tempe, the Washington D.C. area and elsewhere.

The Los Angeles Department of Transportation (LADOT) has taken delivery of three 30-foot Capstone-Energized hybrid buses and is soon expected to receive an additional 32-foot Capstone-Energized bus. One or more of the buses are currently in commercial revenue service on LADOT`s Lincoln Heights - Chinatown service in downtown Los Angeles. ISE Research (www.isecorp.com) recently won the University of California at San Diego ``Most Innovative New Product`` business award for its integration of Capstone MicroTurbines into the LADOT buses.

In New Zealand, four Capstone-Energized buses have been in public service in the city of ChristChurch for nearly a year. Tokyo Electric Power Company (www.tepco.co.jp/index-e.html) recently ordered delivery of one of these designline (www.designline.com) buses for public service evaluation by transit operators throughout Japan.

In the first commercial shipment of microturbines into mainland China, a major manufacturer of electric vehicle charging stations has partnered with a bus manufacturer, the City of Beijing and several universities to build 10 Capstone-Energized 40-foot buses by year-end. The first bus, which, like the LADOT buses, will use two Capstone MicroTurbines, is expected to enter public service in about two months. Several of the others will use Capstone`s new 60-kilowatt engine.

Beyond bus applications, Capstone MicroTurbines are currently being integrated into a Fuji refuse truck, a Solectria (www.solectria.com) parcel delivery van that will be used by the Boston post office, a Tomoe Electronic Industrial TurboLoco light-rail tunneling vehicle, and, in its first passenger vehicle application, Hyundai (www.hyundai-motor.com) will work with Enova Systems (www.enova.com) to use a Capstone MicroTurbine in one of its Santa Fe sport utility vehicles.

About Capstone Turbine

Capstone Turbine Corp. (www.microturbine.com; Nasdaq:CPST - news) -- winner of Financial Times Energy`s (www.ftenergy.com) 2000 Global Energy Award for Most Innovative Commercial Technology -- is a leading producer of low-emission microturbine systems. In 1998, Capstone was the first to offer commercial power products utilizing microturbine technology, the result of more than 10 years of focused research. Worldwide, more than 1,000 commercial production Capstone MicroTurbine systems serve, among others, the following applications:

Hybrid electric vehicles (HEVs): onboard generation
Resource recovery: converting oilfield and biomass waste gases into electricity
Micro-cogeneration: combined heat/power/chilling solutions
The 9s market: power quality and reliability
This news release contains ``forward-looking statements,`` as that term is used in the federal securities laws, about Capstone`s business, including statements regarding expected growth in applications over the next several years. You can find many of these statements by looking for words such as ``believes,`` ``expects,`` anticipates,`` ``estimates,`` or similar expressions. These forward-looking statements are subject to numerous assumptions, risks and uncertainties that may cause Capstone`s actual results to be materially different from any future results expressed or implied in such statements. These risks and uncertainties include those risks, uncertainties and risk factors identified, among other places, under ``Risk Factors`` in Capstone`s registration statement on Form S-1, SEC File No. 333-48524. Capstone cautions readers not to place undue reliance on these statements, which speak only as of the date of this release. Capstone undertakes no 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.

Note: More information on items noted above is available at: UCSD Most Innovative Award to ISE: http://www.microturbine.com/whatsNew/Data/ISE-award2.pdf

TEPCO and designline bus: http://www.microturbine.com/whatsNew/tepco.htm

Capstone-Energized Hyundai Santa Fe: http://www.microturbine.com/whatsNew/enova.htm

Boston Post Office parcel van: http://www.microturbine.com/whatsNew/timelessTech.html

Capstone`s new 60-kilowatt system: http://www.microturbine.com/whatsNew/pressrelease.asp?articl…

FT Energy Award: http://www.microturbine.com/whatsnew/pressrelease.asp?articl…

Note: High-resolution photos available at: http://www.microturbine.com/carb


--------------------------------------------------------------------------------

[panik]

CAPSTONE TURBINE CORP {CPST}

Go to Full Interactive Chart Quick Analysis
• picked by Robert Loest, IPS Millennium Fund
COMMENTS:

• The company is a major beneficiary of the California power crisis
• The stock is trading at a great price

[panik]

Capstone Turbine Subsidiary Formed to Serve Electricity Needs of California Businesses
CHATSWORTH, Calif.--(BUSINESS WIRE)--Feb. 20, 2001--Capstone Turbine Corp. (www.microturbine.com; Nasdaq:CPST - news) has formed a wholly owned subsidiary, Capstone California, to directly serve the electricity needs of California businesses.

``The energy crisis gripping California provides a unique opportunity to establish distributed generation as an immediate, viable and significant new source of electricity that doesn`t require a compromise on the environmental side,`` said Capstone California`s newly appointed president, Mike Tingus. ``The Capstone MicroTurbine is among the world`s cleanest fossil-fueled power generation technologies.

``Beyond the environmental benefits, the Capstone MicroTurbine allows businesses to control their cost and supply of electricity while reducing the load on California`s overtaxed grid system,`` said Tingus.

Capstone California intends to make available turnkey microturbine-based energy solutions to business and public facilities throughout California. Unlike today`s backup generators that are generally limited to 200 hours or less of operation a year, Capstone MicroTurbines can be operated around the clock, every day of the year.

``The Capstone MicroTurbine completely changes the model of onsite power generation. It provides end-users with reliable, quality power and protects them from the price volatility and uncertainty of grid-supplied power,`` Tingus said.

Tingus noted that Capstone California already has several proposals out to interested California businesses and facilities. He also mentioned that Capstone California has been working closely with the California electric utilities and other energy service providers to build alliances with electric engineers and electric contractors.

Speaking on the formation of Capstone California, Capstone Turbine Corp. President & Chief Executive Officer Dr. Ake Almgren said: ``Capstone California is an extension of our strong California connection. Since our founding in 1988, Capstone`s design philosophy has been to beat California`s current and future emission standards.

``Much of our core technology has its roots in the Southern California aerospace and automotive industries. We produce all of our systems right here in Los Angeles County and source most parts and subassemblies from California suppliers.

``An investment in onsite Capstone power production is an investment in California`s economy. Capstone MicroTurbines hold the promise to be a significant part of the solution to the California energy crisis,`` Almgren said.

``Continuing this California tradition, we are very pleased to have Mike Tingus accept our offer to become president of Capstone California. Mike has been a leader in the California commercial real estate market for more than a decade. He also has served in the City of Calabasas Planning Commission for the past six years and has been chairman of the commission for the last two years.

``Mike`s background and the high caliber of his team will make Capstone California a true solution provider to California businesses and energy service providers,`` Almgren said.

With headquarters in the Los Angeles suburb of Woodland Hills, Capstone California plans to open offices in the San Francisco Bay Area, San Jose, Sacramento, Orange County and San Diego.

About Capstone Turbine

Capstone Turbine -- winner of Financial Times Energy`s (www.ftenergy.com) 2000 Global Energy Award for Most Innovative Commercial Technology -- is a leading producer of low-emission microturbine systems. In 1998, Capstone was the first to offer commercial power products utilizing microturbine technology, the result of more than 10 years of focused research.

Worldwide, more than 1,000 commercial production Capstone MicroTurbine systems serve, among others, the following applications:

Hybrid electric vehicles (HEVs): onboard generation
Resource recovery: converting oilfield and biomass waste gases into electricity
Micro-cogeneration: combined heat/power/chilling solutions
The 9s market: power quality and reliability
This news release contains ``forward-looking statements,`` as that term is used in the federal securities laws, about Capstone`s business, including statements regarding leadership in technology and/or product production and regarding Capstone California`s plans to open new offices in California. Readers can find many of these statements by looking for words such as ``believes,`` ``expects,`` ``anticipates,`` ``estimates`` or similar expressions. These forward-looking statements are subject to numerous assumptions, risks and uncertainties that may cause Capstone`s actual results to be materially different from any future results expressed or implied in such statements. These risks and uncertainties include those risks, uncertainties, marketplace competitors and risk factors identified, among other places, under ``Risk Factors`` in Capstone`s registration statement on Form S-1, SEC File No. 333-48524. Capstone cautions readers not to place undue reliance on these statements, which speak only as of the date of this release. Capstone undertakes no 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.

Note to Editors: Information on FT Energy Award noted above is at: www.microturbine.com/whatsnew/pressrelease.asp?article=56 High-resolution photos available at: www.microturbine.com/whatsnew

[panik]

Advantica Signs Distribution Agreement with Capstone Turbine
Plans Wide-Spread Deployment of Capstone MicroTurbines in Economically and Environmentally Beneficial CHP Systems
CHATSWORTH, Calif.--(BUSINESS WIRE)--Feb. 26, 2001-- Capstone Turbine Corporation (www.microturbine.com; Nasdaq:CPST) today announced a formal distribution agreement for the United Kingdom and Ireland with Advantica Technologies Ltd. (www.advanticatech.com), formerly BG Technology Ltd.

As part of the agreement, Advantica has contracted to purchase 250 Capstone MicroTurbine(TM) power systems from Capstone over the course of two years.

With origins in British Gas, Advantica is an award-winning company with annual sales of (pound)80 million and customers in more than 30 countries. Advantica is part of the recently formed Lattice Group (www.lattice-group.com) of energy, telecommunications, property reclamation and related infrastructure businesses.

``Advantica is recognized worldwide for utilizing proven technology in commercially innovative ways, a good example of which is our Capstone powered MiniGen(TM) combined-heat-and-power-system (CHP),`` commented Ian Stares, commercial manager at Advantica. ``This agreement strengthens our relationship with Capstone and positions Advantica as Europe`s leading microturbine based systems integrator.``

MiniGen(TM) is built upon Capstone`s low-emission microturbine technology that provides energy, cost and environmental benefits to both small and large users alike. This is a significant advantage, as it can be installed by a variety of businesses ranging from leisure centers, nurseries and hospitals, to supermarkets and hotels, all of which will be subject to the Climate Change Levy (CCL) -- the new energy tax that will be implemented by the UK government in April.

The CCL will affect UK businesses in industry, commerce, agriculture and the public sector. Borne from the 1997 Kyoto Protocol framework requirements to cut greenhouse gas emissions and halt global warming, the aim of the CCL is to deliver an expected saving of approximately five million tons of carbon by 2010, aligned to the UK government target to reduce harmful gas emissions by 12.5% by 2010.

``Companies that have already invested in energy saving CHP systems such as MiniGen will stand to make considerable savings when this new energy tax comes into force on April 1st,`` said Yan Evans, Advantica`s MiniGen sales and marketing manager. ``Payback on installing MiniGen units with ratings from 30 to 500 kilowatts is typically between three and five years. In addition, the overall efficiency of the CHP system is such that users will be eligible to claim Enhanced Capital Allowances when purchasing the unit,`` Evans said, referring to a UK government (pound)100 million incentive program for energy savings investments.

``Advantica`s leadership and expertise in the field of distributed generation and reputation throughout Europe made it a pivotal application development partner for us when we first signed an agreement with them in 1999,`` said Dr. Ake Almgren, president and CEO of Capstone Turbine Corporation. ``Advantica is now uniquely positioned to provide economic leverage for Capstone-powered CHP systems as well as other applications.``

Combined heat and power systems boost overall thermal efficiency and reduce greenhouse gas emissions that have been linked to global warming. MiniGen CHP installations have exhibited an overall efficiency of greater than 75%.

One of Advantica`s first such MiniGen CHP applications is in the large commercial greenhouse of a UK horticulturist in which the exhaust from the microturbine is utilized directly in the greenhouse. The exhaust heat and slightly elevated carbon dioxide levels stimulate plant growth (since the Capstone MicroTurbine uses no oil, lubricants or coolants, the exhaust is free of liquid residues). This application won the ``Most Innovative Product Award`` at the United Kingdom`s premier horticultural event and was deemed ``outstanding`` by UK Agriculture Minister Nick Brown. A press release on this award is at http://www.microturbine.com/whatsNew/pressrelease.asp?articl…." target="_blank" rel="nofollow ugc noopener">http://www.microturbine.com/whatsNew/pressrelease.asp?articl….

About Advantica

With origins in British Gas, Advantica (www.advanticatech.com) -- formerly BG Technology -- is a leading provider of technology and engineering services to customers in gas, pipelines and associated industries in more than 30 countries. The UK-based company is currently pushing into new markets, using the skills developed for the British gas industry to solve problems and deliver solutions in other nations. Advantica has annual sales of (pound)80 million and employs more than 800 people in the UK and North America.

About Capstone Turbine

Capstone Turbine Corporation (www.microturbine.com; Nasdaq:CPST) -- winner of Financial Times Energy`s (www.ftenergy.com) 2000 Global Energy Award for Most Innovative Commercial Technology -- is a leading producer of low-emission microturbine systems. In 1998, Capstone was the first to offer commercial power products utilizing microturbine technology, the result of more than ten years of focused research. Worldwide, more than 1,000 commercial production Capstone MicroTurbine systems serve, among others, the following applications:

Hybrid electric vehicles (HEVs): onboard generation
Resource recovery: converting oilfield and biomass waste gases into electricity
Micro-cogeneration: combined heat/power/chilling solutions
The 9s market: power quality and reliability
This news release contains ``forward-looking statements,`` as that term is used in the federal securities laws, about Capstone`s business, including statements regarding significant advantages, yet-to-occur taxes, expected allowance eligibility and other such statements. You can find many of these statements by looking for words such as ``believes,`` ``expects,`` ``anticipates,`` ``estimates,`` or similar expressions. These forward-looking statements are subject to numerous assumptions, risks and uncertainties that may cause Capstone`s actual results to be materially different from any future results expressed or implied in such statements. These risks and uncertainties include those risks, uncertainties, marketplace competitors and risk factors identified, among other places, under ``Risk Factors`` in Capstone`s registration statement on Form S-1, SEC File No. 333-48524. Capstone cautions you not to place undue reliance on these statements, which speak only as of the date of this release. Capstone undertakes no 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.

Note To Editors: Information on the greenhouse application noted above is at http://www.microturbine.com/whatsNew/pressrelease.asp?articl…

Information on the FT Energy Award noted above is at http://www.microturbine.com/whatsnew/pressrelease.asp?article=56" target="_blank" rel="nofollow ugc noopener">http://www.microturbine.com/whatsnew/pressrelease.asp?article=56

Photos related to this story are at www.microturbine.com/advantica. High-resolution photos available at: http://www.microturbine.com/whatsnew

[panik]

NZ`s Greymouth offers competing bid for FCL Energy
AUCKLAND, Feb 27 (Reuters) - Unlisted New Zealand concern Greymouth Petroleum has put forward a competing bid for Fletcher Challenge Energy at $3.70 a share, Fletcher Challenge said on Tuesday.

The offer compares with $3.34 put forward by Shell (quote from Yahoo! UK & Ireland: SHEL.L) and Apache Corp (NYSE:APA - news), which also includes an offer of one Capstone (NasdaqNM:CPST - news) share for every 70 FCL Energy shares sold.

``Greymouth Petroleum has stated that its proposal has a similar structure to that of the Shell and Apache offer, but with an increased cash component of a minimum of US$3.70 per share,`` Fletcher Challenge said.

Speculation of a rival bid for FCL Energy had circulated the market for some time, resulting in volatility in the company`s share price, which last traded at NZ$9.12, up 32 cents.

FCL Building last traded at NZ$2.22, down two cents, and FCL Forests at NZ$0.31, unchanged.

The proposal is subject to a number of conditions, including finance and due diligence on the assets and liabilities (a process which will take at least several weeks), Fletcher Challenge said.

Shareholders are set to vote of the Shell offer, along side the a vote on the separation of the Fletcher Challenge group, on March 6.

Greymouth`s proposal seeks an adjournment of the March 6 shareholders would impact on the overall separation process for Fletcher Challenge, it said.

"The Shell and Apache offer currently before shareholders may lapse if not completed by 23/03. As the separation transactions are inter-dependent, the separation of Fletcher Challenge Building , and the dismantling of Fletcher Challenge, cannot proceed without an Energy transaction also being accepted by shareholders.

``Before the Board of Fletcher Challenge can respond to the Greymouth proposal it requires and has requested further information.``

Greymouth Petroleum is headed by former Fay Richwhite employee Mark Dunphy, who was once chief executive of Australia`s Cultus Petroleum. Guinness Peat Group (quote from Yahoo! UK & Ireland: GPG.L) is believed to be one of the New Zealand companies backing Greymouth.

FCL Energy, with a market capitalisation of just over NZ$3.0 billion, is New Zealand`s second biggest company after Telecom Corp of NZ .

Fletcher Challenge said that once it had the necessary information, the board would evaluate the offer from Greymouth.

[panik]

Amex to Trade Options on Capstone Turbine Corporation And Doral Financial Corporation
NEW YORK, March 1 /PRNewswire/ -- The American Stock Exchange will launch trading in options on Monday, March 5, 2001 on the following Nasdaq Stock Market listed stocks of Capstone Turbine Corporation (Option Symbol: CZU/ Stock Symbol: CPST) and Doral Financial Corporation (Option Symbol: QDL/ Stock Symbol: DORL)

Capstone Turbine Corporation options will open with position limits of 60,000 contracts. The options will trade on the February expiration cycle. The specialist will be Letco-Specialist L.P. Capstone Turbine Corporation designs, assembles, and sells Capstone MicroTurbines for worldwide applications in the distributed power generation and hybrid vehicle markets.

Doral Financial Corporation options will open with position limits of 22,500 contracts. The options will trade on the February expiration cycle. The specialist will be Spear, Leeds & Kellogg. Doral Financial Corporation originates, purchases, sells, and services mortgage loans on single-family residences.

The American Stock Exchange®, a subsidiary of the National Association of Securities Dealers, Inc. (NASD®), is the only primary exchange that offers trading across a full range of equities, Exchange Traded Funds, including structured products and HOLDRS(SM), and options. In addition to its role as a national equities market, the Amex is the leader in Index Share listings (DIAMONDS®, FORTUNE 500® Index Tracking Stock, FORTUNE e-50(TM) Index Tracking Stock, iShares(SM), MidCap SPDRs(TM), Nasdaq-100 Index Tracking Stock(SM), Select Sector SPDRs®, and SPDRs® and streetTRACKS(SM) and is the second-largest options exchange in the U.S., trading options on broad- based and sector indexes as well as domestic and foreign stocks. For more information, visit http://www.amex.com.

SOURCE: American Stock Exchange

[fishhawk]

Capstone nachbörslich über 9% auf 22,31 $ abgestürzt, leider habe ich keine News gefunden, weshalb.

[panik]

RESEARCH ALERT - CSFB raises Capstone Turbine
NEW YORK, March 5 (Reuters) - Credit Suisse First Boston said on Monday that it raised its rating on Capstone Turbine Corp. (NasdaqNM:CPST - news), a maker of microturbines to generate electricity, to strong buy from buy.

Further details about the upgrade from analyst Marko Pencak were not immediately available.

Capstone Turbine shares closed at $24-11/16 on Friday, well below the high of $98-1/2 reached in August 2000. The company hit a 52-week low of $17-3/4 on Nov. 30, 2000.

[panik]

Capstone profitiert von der Energiekrise

von Mali Stern: Market Movers ausgewählt vom Team WebersWeb [06.03.01, 23:14]


Alternative Energie-Versorgung ist im Kommen. Nach Hype im September und Hoch bei 98 Dollar befindet sich Capstone Turbine (CPST) jetzt mit 28 Dollar auf Kaufniveau. Der Kurs der Aktie hat in der letzten Zeit aus zwei Gründen gelitten:

Erst fürchteten die Anleger, dass nach Ende der Haltefrist für die Erstinvestoren eine Flut von Aktien an den Markt kommen könnte – und dann musste das Unternehmen zugeben, dass wegen Knappheit bei elektronischen Komponenten von dem im vierten Quartal neu eingeführten 60-kW-System nur sieben statt der anvisierten 30 bis 50 Stück geliefert werden konnten.

Capstone produziert Microturbinen, die mit verschiedenen flüssigen oder gasförmigen Treibstoffen betrieben werden können und sich zur äußerst umweltfreundlichen Erzeugung elektrischer Energie oder zur kombinierten Erzeugung von Strom und Wärme eignen.

Capstone zielt in erster Linie auf Verwertung von Abfallprodukten der Gas-, Öl- und Kohleförderung und auf Notstromversorgung, außerdem auf Einsatz in Entwicklungsländern sowie Anwendung in Fahrzeugen mit Hybridantrieb.

Das Unternehmen, für das die Energiekrise in Kalifornien eine optimale Werbung darstellt, kam im letzten Jahr auf einen Umsatz von 23 (Vj: 7) Millionen Dollar Umsatz und wird dieses Jahr noch Verlust machen.

Für 2002 erwarten die Analysten einen Gewinn von 24 Cents je Aktie bei einem Umsatz von über 230 Millionen Dollar. Das gibt zwar noch kein attraktives KGV, aber angesichts des steigenden Interesses an umwelt- und ressourcen-schonender, aber sicherer Energieerzeugung müssen die Wachstumsaussichten bezahlt werden.

Für die Aktie spricht auch die Tatsache, dass die Turbinen um einiges früher am Markt und problemloser sind als Brennstoffzellen. Nach unten erscheint die Aktie abgesichert, die von Analysten vergebenen Kursziele liegen zwischen 45 und 50 Dollar.

[panik]

Growth beyond tech
Pardo likes Capstone Turbine, Williams-Sonoma
By Rachel Koning, CBS.MarketWatch.com
Last Update: 1:00 AM ET Mar 8, 2001
We want to participate in all growth-stock areas," said the manager of the J.P. Morgan U.S. Small Company Opportunity Fund. That means "companies that are under appreciated but showing improving fundamentals and are catering to an addressable market
Pardo likes Capstone Turbine Corp. (CPST: news, msgs, alerts) , which provides back-up and hybrid-electric power through products such as its 30-kilowatt micro-turbine generation system. Panic events such as California`s power crisis are a boon to the company, Pardo said, and its alternative energy sources offer longer-term prospects. Its stock rose 69 cents to $29 on Wednesday.

[panik]

Capstone Turbine Expands Sales Organization
Announces New Sales VPs from Enron, ABB, GPC
Debuts New Sales Organization Structure
CHATSWORTH, Calif.--(BUSINESS WIRE)--March 12, 2001--Capstone Turbine Corporation (www.microturbine.com; Nasdaq:CPST - news) today announced the new structure of its North American sales operations and the appointment of four new sales vice presidents.

``Our domestic sales organization is now structured on three primary sales channels,`` said Dr. Ake Almgren, president and CEO of Capstone Turbine.

``The distributor channel -- which encompasses equipment providers who sell, lease and/or rent Capstone systems and provide value-added services -- will be led by our new vice president of Distributor Sales, Kevin Young,`` Almgren said.

Prior to joining Capstone, Young led a team that generated $82 million per year in electrical product sales to Western U.S. and Asia for Atlanta-based EIS, a division of Genuine Parts Company.

``The energy service provider channel -- composed of entities that install and own Capstone MicroTurbines and sell the energy they produce to end-users -- will be led by Douglas Condon, our new vice president of ESP Sales, starting March 19,`` Almgren said.

Condon is currently general manager at Enron Corporation, where he has been responsible for more than $1 billion in total contract revenue from national energy sales and energy outsourcing to large commercial and industrial consumers.

``The original equipment manufacturer channel -- which integrates Capstone MicroTurbine(TM) power systems into other finished products, such as hybrid electric vehicles and single-enclosure micro-cogeneration systems -- will be led by David McShane, a 3-year veteran here at Capstone, who has been promoted to vice president of OEM Sales,`` Almgren said.

Almgren also announced that Richard Carryer has joined Capstone as its new vice president of Business Development and Sales for Canada. Prior to joining Capstone, Carryer was with ABB Alstrom Power of Canada for 20 years, most recently as vice president of Business Development, where he was directly responsible for more than $500 million in new orders since 1997.

``These changes, in addition to our focused effort in California with our new Capstone California subsidiary, represent another milestone in the growth of Capstone. Based on the platform now established, our new sales organization will further strengthen and grow Capstone,`` Almgren said.

About Capstone Turbine

Capstone Turbine Corporation (www.microturbine.com) (Nasdaq:CPST - news) -- winner of Financial Times Energy`s (www.ftenergy.com) 2000 Global Energy Award for Most Innovative Commercial Technology -- is a leading producer of low-emission microturbine systems. In 1998, Capstone was the first to offer commercial power products utilizing microturbine technology, the result of more than ten years of focused research. Worldwide, more than 1,000 commercial production Capstone MicroTurbine systems serve, among others, the following applications:

Hybrid electric vehicles (HEVs): onboard generation
Resource recovery: converting oilfield and biomass waste gases into electricity
Micro-cogeneration: combined heat/power/chilling solutions
The 9s market: power quality and reliability
This news release contains ``forward-looking statements,`` as that term is used in the federal securities laws, about Capstone`s business, including statements regarding anticipated hirings and other such statements. Readers can find many of these statements by looking for words such as ``believes,`` ``expects,`` anticipates,`` ``estimates,`` or similar expressions. These forward-looking statements are subject to numerous assumptions, risks and uncertainties that may cause Capstone`s actual results to be materially different from any future results expressed or implied in such statements. These risks and uncertainties include those risks, uncertainties, marketplace competitors and risk factors identified, among other places, under ``Risk Factors`` in Capstone`s registration statement on Form S-1, SEC File No. 333-48524. Capstone cautions readers not to place undue reliance on these statements, which speak only as of the date of this release. Capstone undertakes no 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.

Note: Information on the FT Energy Award noted above is at http://www.microturbine.com/whatsnew/pressrelease.asp?article=56" target="_blank" rel="nofollow ugc noopener">http://www.microturbine.com/whatsnew/pressrelease.asp?article=56

Note: High-resolution photos available at: http://www.microturbine.com/whatsnew


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Conuar, a Perez Companc-Controlled Company, Signs as First South American Distributor of Capstone MicroTurbines
BUENOS AIRES, Argentina--(BUSINESS WIRE)--March 13, 2001--Conuar, a company controlled by Pecom Energia, led by the group Perez Companc (www.pecom.com.ar; NYSE:PC - news; AR:PC), a $1.3 billion Argentina-based independent energy company, has entered into a nine-month initial distribution agreement with Capstone Turbine Corp. (www.microturbine.com; Nasdaq:CPST - news) to sell, install and service Capstone MicroTurbine power systems throughout several Latin American countries.

Conuar is the first South American distribution source authorized by Capstone, and is taking immediate delivery of six units of its 26-unit initial purchase commitment. In this way, Conuar moves on its plans related to the development of activities involving new technologies, particularly in the field of distributed generation.

Distributed generation systems like the Capstone MicroTurbine are supplements to centralized power plants and the electric grid, producing power at or very near the sites where it is used. It complements and reduces demand on the current infrastructure, improving power reliability and quality in the electricity grid.

Both Conuar and Capstone Turbine see this nine-month agreement as a time to seed the market, and expect unit sales to grow substantially after this term.

``Conuar will exploit the value propositions of the Capstone MicroTurbine system, providing turnkey energy solutions to fill the needs of customers, combining microturbines with heat recovery units for combined-heat-and-power and chilling applications as well as a variety of distributed generation applications where the electric distribution grid is either inadequate or nonexistent,`` said Alberto Andino, Conuar chief executive officer.

``We intend to deploy these ultra-low-emission, ultra-low- maintenance systems in Argentina, Brazil, Uruguay and Paraguay.``

``Pecom Energia companies are leaders in the South American market in a variety of energy-based industries. Their commitment to economically beneficial environmental protection fits well with our very-low-emission Capstone MicroTurbine systems,`` said Dr. Ake Almgren, Capstone president and CEO.

Capstone Turbine (www.microturbine.com) (Nasdaq:CPST - news) -- winner of Financial Times Energy`s (www.ftenergy.com) 2000 Global Energy Award for Most Innovative Commercial Technology -- is a leading producer of low-emission microturbine systems. In 1998, Capstone was the first to offer commercial power products utilizing microturbine technology, the result of more than 10 years of focused research.

Worldwide, more than a thousand commercial production Capstone MicroTurbine systems serve, among others, the following applications:

Hybrid electric vehicles (HEVs): onboard generation;
Resource recovery: converting oilfield and biomass waste gases into electricity;
Micro-cogeneration: combined heat/power/chilling solutions;
The 9s market: power quality and reliability.
Pecom Energia leads a group of companies engaged mainly in the energy sector and is the only independent energy company in Latin America. The business operations include oil and gas production and transportation; refining and petrochemicals; and power generation, transmission and distribution, as well as forestry activities, across several Latin American countries.


--------------------------------------------------------------------------------
Contact:

Capstone Turbine Corp.
Keith Field, 818/734-5465
or
Conuar
Miguel Franco, (54 11) 4480-0622, ext. 1415

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Capstone Delivering MicroTurbines to Nigeria
Signs Distribution Agreement with Leading West African Engineering Firm
CHATSWORTH, Calif.--(BUSINESS WIRE)--March 14, 2001--In announcing its first shipments to the African continent, Capstone Turbine Corp. (www.microturbine.com; Nasdaq:CPST - news) today revealed a formal distribution agreement with Totalsupport Ltd. (www.totalsupportafrica.com) for Nigeria.

Totalsupport has already secured purchase agreements in Nigeria from two of the world`s leading multinational oil producers for delivery of 10 Capstone MicroTurbine(TM) power systems, five of which have arrived and are undergoing installation.

Totalsupport provides engineering and logistics support to several blue-chip oil, oil service and engineering companies in west Africa. Their primary market for the Capstone MicroTurbines will be in resource recovery applications in which the systems will use low-value wellhead gases to produce onsite electricity for oilfield facilities and nearby communities.

``The Capstone MicroTurbine provides cleaner combustion of oilfield gases than any other gas-flaring or incineration device. And it gives you reliable electricity as a byproduct. It is an amazing win-win solution that replaces the expense of gas destruction equipment with something that rapidly pays for itself,`` said Totalsupport President Ubani Nkaginieme.

``In Nigeria, there is an abundance of wellhead gas and a severe shortage of electricity,`` Nkaginieme said. ``We see this system as being very well suited to both grid-connected and stand-alone applications here in Nigeria.``

``New technology like the Capstone MicroTurbine can be compared to telecommunications advances in developing regions,`` said Dr. Ake Almgren, president and chief executive officer of Capstone Turbine. ``Rather than the massive investment of time and money in running telephone wires, developing nations are choosing to go directly to a cellular or wireless telecommunications network. We see the Capstone MicroTurbine as a similar enabling technology that would allow communities, facilities and businesses to create `micro-grids` of Capstone systems to directly serve local power needs.``

Compared with traditional reciprocating engine generators, Capstone`s 30- and 60-kilowatt microturbines are designed to operate 5-10 times longer between major service intervals and require no oil, lubricants or coolants. The system has a single moving assembly and operates on natural gas, propane, diesel, kerosene, methane and low/variable-grade gases with heat content as low as 350 Btu/scf. It can also accept up to seven percent ``sour`` H2S gas, a corrosive gas that damages conventional generator engines.

The system`s digital power electronics permit easy electronic linking of up to 20 systems into an up-to-1.2 megawatt array. One system in the array acts as the master unit. Monitoring, diagnostics and adjustments to all systems in the array are made through the control panel on the master system or via a single modem and the company`s Capstone Remote(TM) Windows®-based dial-up software.

About Totalsupport

Founded in 1990 and composed predominately of engineers and technicians, the expert staff of more than 300 persons who comprise Totalsupport Ltd. (www.totalsupportafrica.com) offer expertise and technical support in oilfield and energy-related operations, base power and standby power generation, and general logistics and support services. The company is committed to achieving zero downtime in a safe, smart and cost-effective manner. Taking a ``mission-critical, never go down`` approach, Totalsupport believes leading technology like the Capstone MicroTurbine is an investment in superior technique and ultimate savings to its clients.

About Capstone Turbine

Capstone Turbine Corp. (www.microturbine.com)(Nasdaq:CPST - news) -- winner of Financial Times Energy`s (www.ftenergy.com) 2000 Global Energy Award for Most Innovative Commercial Technology -- is a leading producer of low-emission microturbine systems. In 1998, Capstone was the first to offer commercial power products utilizing microturbine technology, the result of more than 10 years of focused research. Worldwide, more than 1,000 commercial production Capstone MicroTurbine systems serve, among others, the following applications:

Hybrid electric vehicles (HEVs): onboard generation
Resource recovery: converting oilfield and biomass waste gases into electricity
Micro-cogeneration: combined heat/power/chilling solutions
The 9s market: power quality and reliability
Note to Editors: Information on the FT Energy Award noted above is at http://www.microturbine.com/whatsnew/pressrelease.asp?articl…

High-resolution product photos available at: http://www.microturbine.com/whatsnew.

This news release contains ``forward-looking statements,`` as that term is used in the federal securities laws, about Capstone`s business, including statements regarding enabling technologies or expected growth in applications over the next several years. You can find many of these statements by looking for words such as ``believes,`` ``expects,`` anticipates,`` ``estimates,`` ``we see`` or similar expressions. These forward-looking statements are subject to numerous assumptions, risks and uncertainties that may cause Capstone`s actual results to be materially different from any future results expressed or implied in such statements. These risks and uncertainties include those risks, uncertainties, marketplace competitors and risk factors identified, among other places, under ``Risk Factors`` in Capstone`s registration statement on Form S-1, Securities and Exchange Commission File No. 333-48524. Capstone cautions you not to place undue reliance on these statements, which speak only as of the date of this release. Capstone undertakes no 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.


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Capstone wants to back up California
By Tom Bemis, CBS.MarketWatch.com
Last Update: 3:01 AM ET Mar 15, 2001


CHATSWORTH, Calif. (CBS.MW) - Capstone Turbine has packed a lifetime of stock movements into its brief 8 1/2 months as a public company.



FRONT PAGE NEWS
U.S. stocks in tech-driven advance
Jobs, price data give Fed room to move
No place to hide as market woes spread
What to do when the sky falls


After soaring to $98.50 a share less than two months after it`s June IPO, the stock has shed about 80 percent of its value.

But unlike many technology companies that have followed the same trajectory in recent months, Capstone is in one of the oldest businesses from the industrial age, electricity generation. And it`s in it at a time when demand for its clean-burning, low maintenance micro-turbine electric generators is surging.

In California, where the state`s botched attempt at electric deregulation has produced higher prices and electricity blackouts, Capstone recently formed a subsidiary to sell to high-tech companies and other customers worried they may lose power suddenly.

"There have been companies that have unexpectedly lost power," said Mike Tingus, president of Capstone California. "If the power goes out and they`re on the network, they basically have lost everything."

Capstone`s turbines can serve as a much cleaner emergency power source for high-tech companies than traditional diesel generators, which can only be operated for limited periods.

They can also be used as the main electric generating unit for condominiums, or small businesses, selling excess power back to the power grid.

The units` efficiency at converting energy to useful purposes tops 70 percent when heat is recycled into water heating systems. They`re also flexible in what they can use for fuel.

Typical applications involve natural gas, according to Tingus. But backup fuel supplies include propane, diesel or even waste gas from landfills and oil production platforms.

On Wednesday the company said it had agreed to sell units to Nigeria to convert waste gases from petroleum fields there to electricity.

But the dependence on natural gas in most commercial applications means the units are vulnerable to continued high gas prices, according to Nick Lenssen, senior director at information services company Primen, in Boulder, Colo.

Future success will "also depend on the micro-turbine companies building units that are larger and more efficient," Lenssen said.

Other concerns include how well the units will stand up over longer periods and whether the markets for the turbines can be expanded from stand-by power, some energy efficient bus sales and temporary power in oil drilling applications, he said.

Capstone (CPST: news, msgs, alerts) isn`t alone in the business. Honeywell, shortly to be taken over by GE, produces similar units as does Ingersol-Rand. However, "Capstone is definitely a leader in terms of shipments," Lenssen said.

The latest financial report for the company was also upbeat.

Last month the company posted a fourth-quarter loss of $6.4 million, or 8 cents a share, much narrower than its year-ago loss of $32.1 million, or $13.56 a share, and 4 cents narrower than Wall Street loss expectations. Revenue for the quarter rose to $7.1 million from $5.4 million in the year-ago period.

And with no clear solution to California`s energy crisis on the horizon, Capstone California`s moving ahead with plans to open three more offices in the state over the next two months.

"Distributed generation is looked on as a mainstream solution to some of the problems in California," said Tod O`Connor, chairman of the Distributed Power Coalition of America. "You have two summers coming up where people believe they`re going to be worse problems than there were this winter," he said.

[panik]

CAPSTONE TURBINE CORP {CPST}

Go to Full Interactive Chart Quick Analysis
• picked by Robert Loest, IPS Millennium Fund
COMMENTS:

• Loest recommended this stock a month ago; he says investors should add to their positions here.
• The stock has fallen to 22+ and rallied again in the face of a lousy market.
• The company just opened distribution agreements with South America and African companies.
• It`s one of the two biggest long-term beneficiaries of the move to distributed power, because its microturbines can be used for baseload generation.

[panik]

CAPSTONE TURBINE CORP (Nasdaq-NM:CPST)


Analyst
Opinions
Strong Buy 5
Buy 3
Hold 2
Sell 0
Strong Sell 0
Average
Recommendation
This Week 1.6
Earnings Per Share
Last Quarter -0.08
Surprise 0.04
Percent -33.34%


Consensus EPS
This Year`s N/A
Next Year`s -0.23

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CARB Certifies Diesel Capstone MicroTurbine for Commercial Hybrid Electric Vehicles
Capstone`s Diesel Engine Proven Cleaner than Best CARB-Certified Natural Gas Engine
CHATSWORTH, Calif.--(BUSINESS WIRE)--March 21, 2001--The California Air Resources Board (CARB) has certified Capstone Turbine Corp.`s (Nasdaq:CPST - news) diesel-fueled microturbine power system for use in commercial hybrid electric vehicles (HEVs).

Using a CARB-approved cycle for testing emissions of microturbine systems, the nitrogen oxide (NOx) emissions of the 30-kilowatt Capstone MicroTurbine using common diesel No. 2 is 0.70 grams per brake horsepower-hour, more than 75% cleaner than the lowest-emitting CARB-certified heavy duty bus and truck diesel No. 2 engine.

Particulates (diesel ``soot``) were measured at 0.01 g/bhph, a level comparable to the best natural-gas-fueled heavy duty bus and truck engines. ``Diesel particulates have been characterized as a carcinogen by CARB,`` said Dr. Ake Almgren, president and chief executive officer of Capstone Turbine. ``This 0.01 figure is near the lower limit of detectability. It is 80% lower than CARB`s most stringent requirements, so we are very pleased with that result.``

Capstone last month announced CARB certification of its gaseous-fueled microturbines for hybrid electric vehicles. Emissions of the microturbine, using either compressed natural gas (CNG) or propane as fuel, were also significantly lower than all other CARB-certified engines using those fuels.

Capstone`s microturbine engine achieves these low levels with none of the post-combustion pollution controls, catalysts or particulate traps used by other CARB-certified engines. In hybrid electric buses and other commercial HEV applications, the Capstone MicroTurbine serves as an onboard generator to replenish the vehicle`s batteries. This greatly enhances range and passenger capacity, enabling a bus, truck or service vehicle to operate for a full service day without recharging. Fuel economy is approximately double that of a conventional engine vehicle.

``Our diesel microturbine has almost half the NOx emissions of the best CARB-certified CNG engine. There is a prolific diesel infrastructure in North America and abroad. And while our CNG and propane systems are even cleaner, many transit authorities and fleet operators simply do not have ready access to these alternate fuels. Now there is no need for them to wait for cleaner fuels. With Capstone-Energized HEVs, those operators can now use diesel fuel and have a cleaner-than-CNG fleet,`` Almgren said.

Hybrid Electric Vehicle (HEV) backgrounder (photos at www.microturbine.com/carb)

``This CARB certification proves that the Capstone MicroTurbine is the world`s cleanest burning heavy duty bus and truck engine, regardless of fuel type,`` said Capstone HEV Business Development Manager Mark Aramli. ``Just as importantly, this is road-proven technology that has been in operation for years and tens of thousands of real-world revenue-service miles. We now have single or twin-pack systems capable of powering mini-buses to full-size 40-foot transit buses.``

In addition to being cleaner than traditional bus engines, the Capstone MicroTurbine is also smaller, lighter and quieter. With a single moving assembly, no gearbox, no pumps or mechanical subsystems, and no need for oil, lubricants or coolants, better reliability and greatly reduced maintenance has been demonstrated on Capstone-Energized(TM) buses operating in the United States and abroad.

The first Capstone-Energized hybrid bus was built by Advanced Vehicle Systems (www.avsbus.com) of Chattanooga, Tenn., and went into public service in 1997. Two years later, Tempe, Ariz., placed what was then the world`s largest hybrid electric bus order: 31 buses with an option to buy 169 more. AVS has delivered other Capstone-Energized hybrid electric buses to Atlanta, Tampa, Fla., the Washington D.C. area and elsewhere.

The Los Angeles Department of Transportation (www.ladottransit.com) has taken delivery of three 30-foot Capstone-Energized hybrid buses and will soon receive an additional 32-foot Capstone-Energized bus. The 30-foot buses are currently in commercial revenue service on LADOT`s Lincoln Heights -- Chinatown service in downtown Los Angeles. ISE Research (www.isecorp.com) recently won the University of California at San Diego ``Most Innovative New Product`` business award for their integration of Capstone MicroTurbines into the LADOT buses.

In New Zealand, three Capstone-Energized buses have been in public service in the city of ChristChurch for a year. Tokyo Electric Power Co. (www.tepco.co.jp/index-e.html) recently ordered delivery of one of these Designline (www.designline.com) buses for public service evaluation by transit operators throughout Japan.

In the first commercial shipment of microturbines into mainland China, a major manufacturer of electric vehicle charging stations has partnered with a bus manufacturer, the city of Beijing and several universities to build 10 Capstone-Energized 40-foot buses by year-end. The first bus, which, like the LADOT buses, will use two 30-kilowatt Capstone MicroTurbines, is expected to enter public service in about a month. Several of the others will use Capstone`s new 60-kilowatt engine.

Beyond bus applications, Capstone MicroTurbines are currently being integrated into a Fuji (www.fhi.co.jp) refuse truck, a Solectria (www.solectria.com) parcel delivery van that will be used by the Boston post office, a Tomoe Electronic Industrial TurboLoco(TM) light-rail tunneling vehicle, and, in its first passenger vehicle application, Hyundai (www.hyundai-motor.com) will work with Enova Systems (www.enova.com) to use a Capstone MicroTurbine in one of its Santa Fe sport utility vehicles and in medium-sized buses.

About Capstone Turbine

Capstone Turbine Corp. (www.microturbine.com; Nasdaq:CPST - news) -- winner of Financial Times Energy`s (www.ftenergy.com) 2000 Global Energy Award for Most Innovative Commercial Technology -- is a leading producer of low-emission microturbine systems. In 1998, Capstone was the first to offer commercial power products utilizing microturbine technology, the result of more than ten years of focused research. Worldwide, more than 1,000 commercial production Capstone MicroTurbine systems serve, among others, the following applications:

Hybrid electric vehicles (HEVs): onboard generation
Resource recovery: converting oilfield and biomass waste gases into electricity
Micro-cogeneration: combined heat/power/chilling solutions
The 9s market: power quality and reliability
This news release contains ``forward-looking statements,`` as that term is used in the federal securities laws, about Capstone`s business, including statements regarding expected growth in applications over the next several years. You can find many of these statements by looking for words such as ``believes,`` ``expects,`` ``anticipates,`` ``estimates,`` ``we see`` or similar expressions. These forward-looking statements are subject to numerous assumptions, risks and uncertainties that may cause Capstone`s actual results to be materially different from any future results expressed or implied in such statements. These risks and uncertainties include those risks, uncertainties, marketplace competitors and risk factors identified, among other places, under ``Risk Factors`` in Capstone`s registration statement on Form S-1, Securities and Exchange Commission File No. 333-48524. Capstone cautions you not to place undue reliance on these statements, which speak only as of the date of this release. Capstone undertakes no 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.

Note to Editors: More information on items noted above is available at:

UCSD Most Innovative Award to ISE: http://www.microturbine.com/whatsNew/Data/ISE-award2.pdf

TEPCO and Designline bus: http://www.microturbine.com/whatsNew/tepco.htm

Capstone-Energized Hyundai Santa Fe: http://www.microturbine.com/whatsNew/enova.htm

Boston Post Office parcel van: http://www.microturbine.com/whatsNew/timelessTech.html

Capstone`s new 60-kilowatt system: http://www.microturbine.com/whatsNew/pressrelease.asp?articl…

FT Energy Award: http://www.microturbine.com/whatsnew/pressrelease.asp?articl…

Note: High-resolution photos available at: http://www.microturbine.com/carb


--------------------------------------------------------------------------------
Contact:

Capstone Turbine Corp.
Keith Field, 818/734-5465
or
Financial Relations Board
Carl Dameron, 310/442-0599 (Investors)

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LADWP Approves Purchase of $4 Million of Capstone MicroTurbine Generators
WOODLAND HILLS, Calif.--(BUSINESS WIRE)--March 21, 2001--In an unprecedented partnership between the South Coast Air Quality Management District and the Los Angeles Department of Water and Power, the City of Los Angeles Board of Water and Power Commissioners unanimously approved a $4 million purchase of 141 microturbine power systems from Capstone California, a newly formed subsidiary of Capstone Turbine Corp. (Nasdaq:CPST - news).

Once installed at a variety of Los Angeles area facilities, these distributed generation systems have the capacity to generate a total of more than four megawatts, enough electricity for about 4,000 homes.

``The combined support and endorsement of both the LADWP and the SCAQMD for our ultra-low-emission power systems is very high praise,`` said Mike Tingus, president of Capstone California. ``The SCAQMD is world-renowned for their leadership in creating and maintaining clean air standards in Southern California, and the LADWP is one of the best-managed, most forward-thinking utilities in the nation.

``The LADWP in particular has been a consistent island of reliability throughout the California power crisis, and they have a strong commitment to green energy sources. This deployment of Capstone MicroTurbines to reduce power draw on the grid is yet another example of their leadership in power management and customer support.``

The Capstone Model 330 creates 30 kilowatts of power from a variety of fuels, including natural gas, propane, diesel, kerosene and methane-based gases from sources such as landfills, oilfields and wastewater treatment plants. Capstone MicroTurbines can be installed onsite at businesses and public facilities to reduce demand on the electric power grid.

Tingus said the units will be delivered to the LADWP starting immediately and continuing through May.

About Capstone California (www.microturbine.com; Nasdaq: CPST)

Capstone California is a wholly owned subsidiary of Los Angeles area based Capstone Turbine. It delivers turnkey electricity solutions for businesses using Capstone microturbine miniature electrical power plants, winner of the Financial Times Energy 2000 Global Energy Award for Most Innovative Commercial Technology.

In 1998, the Capstone Turbine was the first to offer commercial power products utilizing microturbine technology, the result of more than 10 years of focused research. Worldwide, more than 1,000 commercial production Capstone MicroTurbine systems serve, among others, the following applications:

Hybrid electric vehicles (HEVs): onboard generation
Resource recovery: converting oilfield and biomass waste gases into electricity
Micro-cogeneration: combined heat/power/chilling solutions
The 9s market: power quality and reliability
With headquarters in the Los Angeles suburb of Woodland Hills, Capstone California has offices in Los Angeles, Sacramento, Irvine, and San Diego. Offices will soon open in the San Francisco Bay Area and San Jose.

This news release contains ``forward-looking statements,`` as that term is used in the federal securities laws, about Capstone Turbine`s business, including statements regarding product delivery and Capstone California`s plans to open new offices in California. You can find many of these statements by looking for words such as ``believes,`` ``expects,`` ``anticipates,`` ``estimates,`` or similar expressions. These forward-looking statements are subject to numerous assumptions, risks and uncertainties that may cause Capstone`s actual results to be materially different from any future results expressed or implied in such statements. These risks and uncertainties include those risks, uncertainties, marketplace competitors and risk factors identified, among other places, under ``Risk Factors`` in Capstone`s registration statement on Form S-1, SEC File No. 333-48524. Capstone cautions you not to place undue reliance on these statements, which speak only as of the date of this release. Capstone undertakes no 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.

Note: Information on the creation of Capstone California is at: http://www.microturbine.com/whatsNew/pressrelease.asp?articl…

Note: Information on microturbines being part of the power crisis solution is at: http://www.microturbine.com/whatsNew/pressrelease.asp?articl…

Note: Information on FT Energy Award noted above is at: www.microturbine.com/whatsnew/pressrelease.asp?article=56

Note: High-resolution photos available at: www.microturbine.com/whatsnew


--------------------------------------------------------------------------------
Contact:

Capstone Turbine Corp., Woodland Hills
Keith Field, 818/734-5465
or
Financial Relations Board
Carl Dameron, 310/442-0599 (general & investor media)

[panik]

CAPSTONE TURBINE CORPORATION (CPST) BUY
Price: $29.94
Target Price: $49


We met last Friday (March 23) with Jeff Watts, CFO of Capstone. Our conclusion is that near- and long-term market trends remain favorable for the company.


Specifically, we highlight the following points: 1) Capstone continues to increase its backlog with incremental order announcements, which enhance the company’s earnings visibility. 2) Capstone has resolved the component shortage for its 60 kW units. 3) The ramp up of 60 kW shipments and start of internal manufacturing of the recuperator cores, should significantly enhance profit margins from second half 2001 onwards.

[panik]

Capstone CFO to Speak at Salomon Smith Barney Power Conference
CHATSWORTH, Calif.--(BUSINESS WIRE)--March 26, 2001--Capstone Turbine Corp. (Nasdaq:CPST - news) Chief Financial Officer Jeffrey R. Watts is slated to address a gathering of investors at 7:45 a.m. Eastern Time, Wednesday, March 28, at Salomon Smith Barney`s First Annual Distributed Generation and Power Technology Conference, to be held at the Millennium Broadway Hotel in New York, March 28 and 29.

The Capstone Turbine presentation will be Webcast via the ``Investor Relations`` page of the company`s Web site at www.microturbine.com. The archived Webcast is to be accessible for 30 days.

About Capstone Turbine

Capstone Turbine Corp. (www.microturbine.com) -- winner of Financial Times Energy`s (www.ftenergy.com) 2000 Global Energy Award for Most Innovative Commercial Technology -- is a leading producer of low-emission microturbine systems.

In 1998, Capstone was the first to offer commercial power products utilizing microturbine technology, the result of more than 10 years of focused research.

Worldwide, more than 1,000 commercial production Capstone MicroTurbine systems serve, among others, the following applications:

Hybrid electric vehicles (HEVs): onboard generation
Resource recovery: converting oilfield and biomass waste gases into electricity
Micro-cogeneration: combined heat/power/chilling solutions
The 9s market: power quality and reliability
This news release contains ``forward-looking statements,`` as that term is used in the federal securities laws, about Capstone`s business. You can find many of these statements by looking for words such as ``believes,`` ``expects,`` anticipates,`` ``estimates,`` ``we see`` or similar expressions. These forward-looking statements are subject to numerous assumptions, risks and uncertainties that may cause Capstone`s actual results to be materially different from any future results expressed or implied in such statements. These risks and uncertainties include those risks, uncertainties, marketplace competitors and risk factors identified, among other places, under ``Risk Factors`` in Capstone`s registration statement on Form S-1, Securities and Exchange Commission File No. 333-48524. Capstone cautions you not to place undue reliance on these statements, which speak only as of the date of this release. Capstone undertakes no 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.


--------------------------------------------------------------------------------
Contact:

Capstone Turbine Corp.
Keith Field, 818/734-5465
or
Financial Relations Board
Carl Dameron, 310/442-0599 (investor media)

[panik]

RESEARCH ALERT-Morgan Stanley ups Capstone rating
NEW YORK, April 2 (Reuters) - Morgan Stanley said on Monday it raised its rating on Capstone Turbine Corp. (NasdaqNM:CPST - news), a maker of microturbines to generate electricity, to outperform from neutral with a 12-month price target at $40 a share.

Further details about the upgrade were not immediately available.

Shares of Capstone rose 2.2 percent, or 5/8, to $29 a share during morning trading on Nasdaq, well off its 52-week high of $98-1/2.

[panik]

Capstone Turbine Appoints Business Development VP
Harol Koyama, Formerly of UTC, to Lead Strategic Global Marketplace Alliances
CHATSWORTH, Calif.--(BUSINESS WIRE)--April 16, 2001--Capstone Turbine Corporation (www.microturbine.com; Nasdaq:CPST) has appointed Harol (``Hal``) Koyama as Vice-President of Business Development, a newly created position at the company.

In making the announcement, Dr. Ake Almgren, president and CEO of Capstone Turbine, said, ``Hal will report to me and be responsible for the development of strategic business relationships in the global marketplace for our microturbine system solutions.``

Prior to joining Capstone, Koyama was vice-president of Business Development for International Fuel Cells and director of Strategic Planning for United Technologies Corporation. UTC is the $26 billion parent company of International Fuel Cells, gas turbine manufacturer Pratt & Whitney and several other major industrial companies. In his role with IFC and UTC, Koyama focused on mergers, acquisitions and joint ventures. Before IFC/UTC, Koyama was senior engagement manager with McKinsey & Company, one of the world`s leading senior management consultation firms on issues of enterprise strategy, organization and operations, where he specialized in the energy industry.

``Capstone is a dynamic and innovative company in a high growth mode. It is in a unique strategic position to capitalize on the opportunities in the emerging distributed generation industry. I look forward to this extremely exciting opportunity to add to that growth and help further strengthen Capstone`s position,`` Koyama said.

``Hal`s addition to our senior management staff, combined with our recently announced new sales channel vice-presidents, and our new Capstone California subsidiary, represent further growth of Capstone Turbine Corporation. Based on the platform now established, these organizational improvements will further strengthen and grow Capstone,`` Almgren said.

About Capstone Turbine

Capstone Turbine Corporation (www.microturbine.com; Nasdaq:CPST) -- winner of Financial Times Energy`s (www.ftenergy.com) 2000 Global Energy Award for Most Innovative Commercial Technology -- is a leading producer of low-emission microturbine systems. In 1998, Capstone was the first to offer commercial power products utilizing microturbine technology, the result of more than ten years of focused research. Worldwide, more than 1,000 commercial production Capstone MicroTurbine systems serve, among others, the following applications:

Hybrid electric vehicles (HEVs): onboard generation -- Resource recovery: converting oilfield and biomass
waste gases into electricity

Micro-cogeneration: combined heat/power/chilling solutions -- The 9s market: power quality and reliability
This news release contains ``forward-looking statements,`` as that term is used in the federal securities laws, about Capstone`s business, including statements regarding further growth of Capstone Turbine Corporation. You can find many of these statements by looking for words such as ``believes,`` ``expects,`` ``anticipates,`` ``estimates,`` ``we see`` or similar expressions. These forward-looking statements are subject to numerous assumptions, risks and uncertainties that may cause Capstone`s actual results to be materially different from any future results expressed or implied in such statements. These risks and uncertainties include those risks, uncertainties, marketplace competitors and risk factors identified, among other places, under ``Risk Factors`` in Capstone`s registration statement on Form S-1, SEC File No. 333-48524 and in Capstone`s Annual Report on form 10-K for the year ended Dec. 31, 2000. Capstone cautions you not to place undue reliance on these statements, which speak only as of the date of this release. Capstone undertakes no 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.

Note: High-resolution photo of Koyama is at http://www.microturbine.com/041601c

Note: Details on the recent appointment of other vice-presidents is at http://www.microturbine.com/whatsNew/pressrelease.asp?articl…

Note: Information on the FT Energy Award noted above is at http://www.microturbine.com/whatsnew/pressrelease.asp?article=56" target="_blank" rel="nofollow ugc noopener">http://www.microturbine.com/whatsnew/pressrelease.asp?article=56

Note: High-resolution product photos available at http://www.microturbine.com/whatsnew


--------------------------------------------------------------------------------
Contact:

Capstone Turbine Corporation
Keith Field, 818/734-5465
or
Financial Relations Board
Carl Dameron, 310/442-0599 (General & Investor Media)

[panik]

Meidensha-Sumitomo Marketing Capstone-Powered Electricity+Heat Package
Japan Distributor Orders Another 100 Capstone MicroTurbines Over 12 Months for Integration into Proprietary CHP, UPS and Biogas Products
CHATSWORTH, Calif.--(BUSINESS WIRE)--April 16, 2001-- Meidensha-Sumitomo of Japan (www.meidensha.co.jp and www.sumitomocorp.co.jp) has contracted with Capstone Turbine Corporation (www.microturbine.com; Nasdaq: CPST - news) to purchase 100 Capstone MicroTurbine(TM) power systems over the next 12 months.

In the Meidensha-Sumitomo offering, Capstone systems are being deployed in biogas power plants, tightly-integrated micro-cogeneration systems, uninterruptible power supply (UPS) systems, desiccant-based air conditioning systems and absorption chiller systems for Japanese industrial and commercial end-users.

Meidensha`s MioSpectrum(TM) cogeneration system, which is based on Capstone`s 30-kilowatt microturbine, is now available. A number of Capstone-Powered MioSpectrum systems are currently in commercial service at numerous facilities in Japan.

Meidensha-Sumitomo is an authorized Japan distributor and OEM integrator of Capstone MicroTurbine systems. Meidensha-Sumitomo also took delivery of 100 Capstone MicroTurbines in 2000.

``Capstone MicroTurbines generate two forms of energy: electricity and heat,`` said Dr. Ake Almgren, president and CEO of the Los Angeles area based Capstone Turbine Corporation. ``When you utilize both energy forms, fuel efficiency is maximized and greenhouse gas production is minimized. Fuel and electricity costs in Japan are among the world`s highest, so maximizing efficiency is all the more critical there. Meidensha and Sumitomo recognize microturbine co-generation as particularly well-suited to these issues. And, as the home country to the landmark Kyoto Protocol to reduce greenhouse gas emissions, Japan is becoming a leader in the adoption of high efficiency power systems like the MioSpectrum.``

The MioSpectrum is designed for the very demanding noise requirements of the Japan market, achieving a sound level of less than 65 dBa at 1 meter. The systems operate on natural gas, propane, diesel or kerosene, and have total fuel efficiency exceeding 70 percent.

Meidensha-Sumitomo has begun commercial sales of the Meiden MioSpectrum in Japan and plans to make the systems available outside Japan as well.

Meidensha-Sumitomo was the first to deploy a Capstone MicroTurbine in Japan using low-grade sewage gases as a fuel source. In such applications, raw sewage is broken down by bacteria in a ``digester`` vat. The gases released in this process -- primarily methane and carbon dioxide with some corrosive hydrogen sulfide content -- require costly processing in order to be used in other conventional and emerging-technology generators. In the case of the Capstone MicroTurbine, however, the dry gases are routed directly into the system. In addition to the electricity generated, heat from the system is utilized to maintain proper temperature in the digester vat.

Similar digester gas applications of Capstone MicroTurbines by other distributors in the United States are underway, including one at a Pennsylvania wastewater treatment plant that earned energy service provider PPL Corporation (www.pplweb.com) the 2000 ``Energy Ally of the Year`` award from the Environmental Protection Agency (see www.microturbine.com/whatsnew/PPLaward.asp).

Meidensha-Sumitomo was also the first to deploy a Capstone MicroTurbine in a desiccant-based air conditioning (DBAC) application. Meidensha-Sumitomo`s DBAC system separately controls humidity and temperature by absorbing moisture and then cooling the dry air. This process improves energy efficiency and prevents icing problems. Unlike conventional air conditioning that recirculates air within a building, the Meidensha-Sumitomo system constantly brings a high volume of fresh air into the facility. Commercial introduction of the DBAC is expected later this year.

About Meidensha Corporation

Established in 1897 and headquartered in Tokyo, Meidensha Corporation (www.meidensha.co.jp) is a leading heavy electrical manufacturer in Japan, employing more than 8,500 people in four primary business groups: Energy, Environment, Information/Communications and Industrial Systems. Fiscal 2000 sales totaled more than $1.9 billion. Its president and chief executive officer is Shigeo Seko.

About Sumitomo Corporation

Founded in 1919 and with head offices in Tokyo and Osaka, Sumitomo Corporation (www.sumitomocorp.co.jp) has grown over the years to become one of the leading Japanese trading companies. Sumitomo`s fiscal 1999 sales were more than $94 billion. It has 8,500 employees worldwide. Its president and chief executive officer is Kenji Miyahara.

About Capstone Turbine

Capstone Turbine Corporation (www.microturbine.com) (Nasdaq: CPST - news) -- winner of Financial Times Energy`s (www.ftenergy.com) 2000 Global Energy Award for Most Innovative Commercial Technology -- is a leading producer of low-emission microturbine systems. In 1998, Capstone was the first to offer commercial power products utilizing microturbine technology, the result of more than ten years of focused research. Worldwide, more than 1,000 commercial production Capstone MicroTurbine systems serve, among others, the following applications:

Hybrid electric vehicles (HEVs): onboard generation
Resource recovery: converting oilfield and biomass waste gases into electricity
Micro-cogeneration: combined heat/power/chilling solutions
The 9s market: power quality and reliability
This news release contains ``forward-looking statements,`` as that term is used in the federal securities laws, about Capstone`s business, including statements regarding sales of new CHP systems and distributor purchase plans. You can find many of these statements by looking for words such as ``believes,`` ``expects,`` anticipates,`` ``estimates,`` ``we see`` or similar expressions. These forward-looking statements are subject to numerous assumptions, risks and uncertainties that may cause Capstone`s actual results to be materially different from any future results expressed or implied in such statements. These risks and uncertainties include those risks, uncertainties, marketplace competitors and risk factors identified, among other places, under ``Risk Factors`` in Capstone`s registration statement on Form S-1, SEC File No. 333-48524 and in Capstone`s Annual Report on form 10-K for the year ended Dec. 31, 2000. Capstone cautions you not to place undue reliance on these statements, which speak only as of the date of this release. Capstone undertakes no 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.

NOTE: Photo of the MioSpectrum is available at www.microturbine.com/041601a.

NOTE: Information on the FT Energy Award noted above is at http://www.microturbine.com/whatsnew/pressrelease.asp?article=56" target="_blank" rel="nofollow ugc noopener">http://www.microturbine.com/whatsnew/pressrelease.asp?article=56

NOTE: High-resolution photos available at http://www.microturbine.com/whatsnew


--------------------------------------------------------------------------------
Contact:

Capstone Turbine Corporation
Keith Field, 818/734-5465
Financial Relations Board (Investor & General Media)
Carl Dameron, 310/442-0599

[panik]

Takuma Orders 250 Capstone MicroTurbines
Launches Capstone-Driven Combined Heat/Power System
Japan Distributor to Follow with Capstone-Driven Refrigeration/Power System in Fall
CHATSWORTH, Calif.--(BUSINESS WIRE)--April 16, 2001-- Takuma Co., Ltd., of Amagasaki, Japan (www.takuma.co.jp/microturbine-e.html) has contracted with Capstone Turbine Corporation (www.microturbine.com; Nasdaq: CPST - news) to purchase 250 Capstone MicroTurbine(TM) sets over the next 12 months.

The microturbine engines, fuel systems and digital power controllers will be integrated into the Takuma TCP-30(TM) combined-heat-and-power (CHP) and TCP-30AR combined-refrigeration-and-power (CRP) systems.

Takuma`s TCP-30 CHP system is available now. The TCP-30AR will be introduced in Q3 2001.

Takuma is an authorized Japan distributor and integrator of Capstone MicroTurbine systems. The company took delivery of 100 Capstone MicroTurbines last year.

``By focusing on modular systems, Takuma has realized the true potential of the Capstone technology,`` said Dr. Ake Almgren, president and CEO of the Los Angeles area based Capstone Turbine Corporation. ``Our ultra-low maintenance modular components integrate seamlessly with the cutting-edge Vacotin(TM) boiler technology in Takuma`s TCP-30 line of packaged heat, refrigeration and power systems. In addition, Takuma has invested in the equipment and infrastructure to replicate Capstone`s final assembly and test stations at their own manufacturing facilities, which will optimize manufacturing efficiency and product quality.``

The TCP-30 line is designed for the very demanding noise requirements of the Japan market, achieving a sound level of less than 65 dBa at 1 meter. The systems operate on natural gas, propane, diesel or kerosene, and have total fuel efficiency exceeding 70 percent.

``Integrated microturbine cogeneration systems capture the core benefits of distributed generation to deliver economic and environmental advantages,`` Almgren said. ``Capstone MicroTurbines generate two forms of energy: electricity and heat. The latter can be converted to useful hot water or refrigeration, both of which Takuma has accomplished. And by minimizing or eliminating the fuel used for water heating or refrigeration, you realize dramatic reductions in cost and greenhouse gas production.``

Takuma plans to pursue sales of its Capstone-Powered TCP-30 to a number of industrial companies in Japan, and already has orders from several Japan utilities, including Tokyo Electric Power Company, Tokyo Gas, Osaka Gas, Chubu Electric and others.

Takuma is a leading manufacturer of absorption chillers, devices that convert heat energy into cold water or air for air conditioning. In the fourth quarter of 2001, it plans to separately market the chiller device used in the TCP-30AR system. This accessory -- the EGT-15 -- can be added to existing Capstone MicroTurbine installations and is specifically designed to match Capstone`s exhaust heat characteristics.

About Takuma Company

Takuma Co., Ltd., (www.takuma.co.jp/microturbine-e.html) headquartered in Amagasaki, Hyogo, Japan, has a 63-year history of research and development in the field of systems integration. This is primarily directed toward industrial and general-purpose machinery, energy-related products such as boilers and cogeneration equipment, operation and maintenance services, and environmental conservation plants, including incineration, recycling and water-treatment facilities.

With annual sales revenue exceeding $1 billion, Takuma is one of the world`s largest companies in incineration applications and technology. Takuma has a strong emphasis on business related to improving the environment. Their strategy emphasizes technological innovation to deliver solutions to environmental concerns and energy problems to expand and strengthen its business base.

About Capstone Turbine

Capstone Turbine Corporation (www.microturbine.com)(Nasdaq: CPST - news) -- winner of Financial Times Energy`s (www.ftenergy.com) 2000 Global Energy Award for Most Innovative Commercial Technology -- is a leading producer of low-emission microturbine systems. In 1998, Capstone was the first to offer commercial power products utilizing microturbine technology, the result of more than ten years of focused research.

Worldwide, more than 1,000 commercial production Capstone MicroTurbine systems serve, among others, the following applications:

Hybrid electric vehicles (HEVs): onboard generation
Resource recovery: converting oilfield and biomass waste gases into electricity
Micro-cogeneration: combined heat/power/chilling solutions
The 9s market: power quality and reliability
This news release contains ``forward-looking statements,`` as that term is used in the federal securities laws, about Capstone`s business, including statements regarding introduction of new product and distributor purchase plans. You can find many of these statements by looking for words such as ``believes,`` ``expects,`` anticipates,`` ``estimates,`` ``we see`` or similar expressions. These forward-looking statements are subject to numerous assumptions, risks and uncertainties that may cause Capstone`s actual results to be materially different from any future results expressed or implied in such statements. These risks and uncertainties include those risks, uncertainties, marketplace competitors and risk factors identified, among other places, under ``Risk Factors`` in Capstone`s registration statement on Form S-1, SEC File No. 333-48524 and in Capstone`s Annual Report on form 10-K for the year ended Dec. 31, 2000. Capstone cautions you not to place undue reliance on these statements, which speak only as of the date of this release. Capstone undertakes no 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.

NOTE: High-resolution photo of the TCP-30 is at www.microturbine.com/041601b

NOTE: Information on the FT Energy Award noted above is at http://www.microturbine.com/whatsnew/pressrelease.asp?article=56" target="_blank" rel="nofollow ugc noopener">http://www.microturbine.com/whatsnew/pressrelease.asp?article=56

NOTE: High-resolution photos available at http://www.microturbine.com/whatsnew


--------------------------------------------------------------------------------
Contact:

Capstone Turbine Corporation
Keith Field, 818/734-5465
Financial Relations Board (Investor & General Media)
Carl Dameron, 310/442-0599

[panik]

Capstone Turbine posts narrower Q1 loss
CHATSWORTH, Calif., April 20 (Reuters) - Capstone Turbine Inc. (NasdaqNM:CPST - news) on Friday posted a narrower first quarter net loss despsite a sharp rise in revenues.

Capstone, whose microturbines can provide electricity for small businesses and homes, said its net loss totaled $9.5 million, or loss of 12 cents per share, compared with a loss of $147.7 million, or loss of $36.49 per share, in the year-ago period.

The 2001 loss figure includes $2.1 million, or 3 cents per share, in costs associated with Capstone`s recuperator core-manufacturing program.

Analysts had expected a loss ranging from 7 cents to 10 cents, with a consensus of a loss of 9 cents, according to Thomson Financial/First Call.

Capstone posted first=quarter revenues of $8.9 million, compared with $3.7 million a year earlier.

Shares of Capstone closed at $30.90, down $1.14, or 3.6 percent.

[panik]

SCAQMD OKs $1.7M to Buy, Install Capstone MicroTurbines Power Systems to Be Deployed at Southland Landfills, Schools, Hospitals
WOODLAND HILLS, Calif.--(BUSINESS WIRE)--April 20, 2001--The Governing Board of California`s South Coast Air Quality Management District (www.aqmd.gov) today approved $1.74 million to purchase 30- and 60-kilowatt microturbines and installation services from Capstone California (www.capstonecalifornia.com), a wholly owned subsidiary of Chatsworth-based Capstone Turbine Corp. (www.microturbine.com; Nasdaq:CPST - news).

The SCAQMD notes in an agenda item document on its Web site (www.aqmd.gov/hb/01049a.html) that it intends to ``distribute the installation of 30 kW and 60 kW MicroTurbines over the counties of Orange, Riverside, and San Bernardino. (SCAQMD) staff is in the process of identifying landfills that have waste gases that are not presently utilized, as well as schools, colleges, hospitals, and other suitable recipients that may be able to utilize these turbines for power generation... The proposed MicroTurbine project will produce clean power at various locations, using natural gas or landfill gas, and thus help mitigate the energy crisis to the extent feasible. Landfill gas utilization is a net environmental benefit since this energy may be currently wasted. The Capstone MicroTurbines will produce power with emissions typically lower than that of the average power generation mix in California, and with much lower emissions than stand-by diesel generators.``

In discussing microturbine technology, the document states, ``While several manufacturers have been developing MicroTurbine technology over the last few years, Capstone MicroTurbines are commercially available today in 30 kW and 60 kW sizes, with reported NOx emissions below 9 ppm (at 15% O2) which represents very low emissions for this type of equipment. Capstone MicroTurbines are manufactured in Southern California and ... have been extensively tested at University of California, Irvine and found to be reliable and durable. At this time, they represent one of the cleanest and most readily available options for distributed power generation from MicroTurbines to mitigate the energy crisis in Southern California.``

One month ago, Capstone California announced a $4-million purchase of 30-kilowatt Capstone MicroTurbines by the Los Angeles Department of Water and Power (www.ladwp.com). The purchase was part of an unprecedented cooperative agreement between the SCAQMD and the LADWP.

About Capstone California

Capstone California is a wholly owned subsidiary of the Los Angeles area based Capstone Turbine Corp., a leading manufacturer of microturbine power systems. Capstone California delivers turnkey energy solutions for California businesses based on low-emission Capstone MicroTurbines, winner of the Financial Times Energy 2000 Global Energy Award for Most Innovative Commercial Technology.

In 1998, Capstone Turbine was the first to offer commercial power products utilizing microturbine technology, the result of more than 10 years of focused research. Worldwide, more than 1,000 commercial production Capstone MicroTurbine systems serve, among others, the following applications:

Hybrid electric vehicles (HEVs): onboard generation
Resource recovery: converting oilfield and biomass waste gases into electricity
Micro-cogeneration: combined heat/power/chilling solutions
The 9s market: power quality and reliability
With headquarters in the Los Angeles suburb of Woodland Hills, Capstone California has offices in Los Angeles, Sacramento, Irvine, and San Diego. An office will soon open in Silicon Valley. Phone number for Capstone California is 818/884-7080.

This news release contains ``forward-looking statements,`` as that term is used in the federal securities laws, about Capstone Turbine`s business, including statements regarding purchase commitments of third parties, Capstone California`s plans to offer turnkey energy solutions and to open new offices in California. Readers can find many of these statements by looking for words such as ``believes,`` ``expects,`` ``anticipates,`` ``estimates,`` or similar expressions. These forward-looking statements are subject to numerous assumptions, risks and uncertainties that may cause Capstone`s actual results to be materially different from any future results expressed or implied in such statements. These risks and uncertainties include those risks, uncertainties, marketplace competitors and risk factors identified, among other places, under ``Risk Factors`` in Capstone`s registration statement on Form S-1, SEC File No. 333-48524 and in Capstone`s Annual Report on form 10-K for the year ended Dec. 31, 2000. Capstone cautions readers not to place undue reliance on these statements, which speak only as of the date of this release. Capstone undertakes no 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.

Note: Information on the creation of Capstone California is at: www.microturbine.com/whatsnew/pressrelease.asp?article=64

Note: Information on the LADWP/SCAQMD purchases is at: www.microturbine.com/whatsnew/pressrelease.asp?article=69

Note: Information on microturbines being part of the power crisis solution is at: www.microturbine.com/whatsnew/pressrelease.asp?article=60

Note: Information on FT Energy Award noted above is at: www.microturbine.com/whatsnew/pressrelease.asp?article=56

Note: High-resolution photos available at: www.microturbine.com/whatsnew


--------------------------------------------------------------------------------
Contact:

Capstone Turbine Corp.
Keith Field, 818/734-5465
or
Financial Relations Board
Carl Dameron, 310/442-0599 (general & investor media)

[panik]

Capstone Turbine Implements BeneTrac Online Benefits Administration Program
SAN DIEGO--(BUSINESS WIRE)--May 8, 2001--Hawthorne Benefit Technologies Inc., one of the leading providers of online employee benefits programs announced that Chatsworth, Calif.-based Capstone Turbine Corp. has implemented the BeneTrac online benefits tracking solution, www.benetrac.com, for their 260 employees.

BeneTrac offers a powerful online benefits tracking solution to a national base of employers. Available to companies through their insurance professionals, the Web-based technology eradicates redundant data entry as well as other inefficiencies that are inherent in a paper-based benefits administration system.

Employers who subscribe to the BeneTrac service own their own data and are able to access the information that is stored on BeneTrac`s secure servers 24 hours a day, seven days a week.

Implementation of Capstone Turbine`s BeneTrac program was coordinated internally by Human Resources` Manager of Administration Debbie Bernard. Bernard commented that the company has undergone a period of rapid growth in a relatively short time. She credits BeneTrac with helping reduce the paperwork associated with administering health benefits.

Bernard said, ``I`m saving between five to 10 hours a month in health benefits administration, but the real savings are more than just time. It`s more convenient to administrate employee benefits online and there`s a savings of office storage space and organizational time. By having files online, they are always at my fingertips.

``I never need to look for a misplaced file or wait to have access to a locked file room.``

She added, ``Using BeneTrac has been a great experience. It`s user friendly, and the electronic processing and online enrollment is very efficient. At the beginning, some employees questioned if their online enrollment was accurate because the process seemed too easy -- they thought they were doing something wrong. That wasn`t the case; it really was that easy.``

BeneTrac enables human resource departments to:

Establish customized benefit plans
Offer Internet enrollment into plans
Update employer data and calculate eligibility dates for new employees
Devise custom reports using Microsoft Access and Microsoft Excel
Automate a range of employee benefit programs, including health, vision, dental, disability and COBRA
About Hawthorne Benefit Technologies Inc.

Hawthorne Benefit Technologies Inc., established in 1987, develops specialized applications for the insurance industry and for human resource managers. Privately held and based in San Diego, Hawthorne Benefit Technologies has a management team with collectively more than 75 years of insurance industry experience.

The technology solutions from Hawthorne combine the efficiencies of the Internet with established insurance distribution models to reduce paperwork and supply accurate, up-to-the-minute information.

A provider of best-of-breed software, Hawthorne Benefit Technologies was one of the first West Coast companies to offer a B2B real-time online employee benefits administration and tracking solution -- BeneTrac, www.benetrac.com. Within the same time frame, the company also developed BeneQuote, www.benequote.com, its proprietary online quoting system for insurance professionals.

For information on either BeneTrac or BeneQuote, please contact Art Brooks, [e-mail], at Hawthorne Benefit Technologies, 877/645-4342 (toll free), or write to them at 550 West C Street, Suite 1320, San Diego, CA 92101.

About Capstone Turbine

Capstone Turbine (www.microturbine.com; Nasdaq:CPST - news) -- winner of Financial Times Energy`s (www.ftenergy.com) 2000 Global Energy Award for Most Innovative Commercial Technology -- is a leading producer of low-emission microturbine systems. In 1998, Capstone was the first to offer commercial power products utilizing microturbine technology, the result of more than 10 years of focused research.


--------------------------------------------------------------------------------
Contact:

Hawthorne Benefits Technologies Inc., San Diego
Jan Hawthorne, 619/243-2107 (direct)
877/645-4342
[e-mail]
www.benetrac.com
www.benequote.com
or
Media Relations
BWPR Inc.
Stephanie Burchfield, 480/460-4111
[e-mail]

[panik]

Capstone CFO to Speak at Bear Stearns Conference
CHATSWORTH, Calif.--(BUSINESS WIRE)--May 17, 2001--Capstone Turbine Corp. (Nasdaq:CPST - news) Chief Financial Officer Jeffrey R. Watts is slated to make a presentation at 2:25 p.m. Eastern time, Monday, May 21, at the Second Annual Industrial and Power Technologies Conference: ``Leveraging Technologies in the Industrial and Power Industries`` to be held at the Fairmont Copley Plaza in Boston, May 21 and 22, 2001.

The www.bearstearns.com Web site notes: ``This event promises to be an excellent follow-up to last year`s conference, offering an expanded agenda touching on several key themes. Industry experts will address current trends in collaboration, e-marketplaces, power quality and infrastructure development, and supply chain management.``

Conference attendance is by invitation only, but the conference will be Webcast via the ``Investor Relations`` page of the company`s Web site at www.microturbine.com.

About Capstone Turbine

Capstone Turbine (www.microturbine.com) (Nasdaq:CPST - news) -- winner of Financial Times Energy`s (www.ftenergy.com) 2000 Global Energy Award for Most Innovative Commercial Technology -- is a leading producer of low-emission microturbine systems.

In 1998, Capstone was the first to offer commercial power products utilizing microturbine technology, the result of more than 10 years of focused research. Worldwide, more than 1,000 commercial production Capstone MicroTurbine systems serve, among others, the following applications:

Hybrid electric vehicles (HEVs): onboard generation
Resource recovery: converting oilfield and biomass waste gases into electricity
Micro-cogeneration: combined heat/power/chilling solutions
The 9s market: power quality and reliability
This news release contains ``forward-looking statements,`` as that term is used in the federal securities laws, about Capstone`s business. Readers can find many of these statements by looking for words such as ``believes,`` ``expects,`` ``anticipates,`` ``estimates,`` ``we see`` or similar expressions. These forward-looking statements are subject to numerous assumptions, risks and uncertainties that may cause Capstone`s actual results to be materially different from any future results expressed or implied in such statements. These risks and uncertainties include those risks, uncertainties, marketplace competitors and risk factors identified, among other places, under ``Risk Factors`` in Capstone`s registration statement on Form S-1, SEC File No. 333-48524. Capstone cautions readers not to place undue reliance on these statements, which speak only as of the date of this release. Capstone undertakes no 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.


--------------------------------------------------------------------------------
Contact:

Capstone Turbine Corp., Chatsworth
Keith Field, 818/734-5465

[panik]

Jon Scharlau, portfolio manager at U.S. Bancorp Piper Jaffray Asset Management, believes that now is the time to invest in small and mid cap stocks.

Scharlau, Monday`s Stock Pickers Club guest on Today`s Business, says valuations for small caps are very attractive and points out that small caps fare well when the Federal Reserve is "loosening" interest rates.

Take a look at his stock picks below, along with his comments. Use the research tools for more news and information on each stock.


CAPSTONE TURBINE CORP {CPST}

Go to Full Interactive Chart Quick Analysis
• A distributive energy company
• Benefits from power shortages
• Provides backup power
• Has been seeing a lot of orders
• Has made good headway in California

[panik]

UL Certifies Capstone MicroTurbine to Utility Interconnnect Standard
World`s First Microturbine System Certified to UL1741
CHATSWORTH, Calif.--(BUSINESS WIRE)--May 29, 2001--Underwriters Laboratories Inc. (UL) has certified the Model 330 Capstone MicroTurbine(TM) power system as meeting its stringent UL1741 utility interactive requirements.

The Capstone MicroTurbine is the only microturbine generator to achieve this safety certification.

The UL1741 standard addresses safety concerns related to grid-connected power generators. To ensure grid stability and in case of a ``downed`` power cable and the safety of power line workers, most utilities require that costly ``protective relay`` devices be added and, in many cases, that their own personnel conduct an extensive safety verification study.

There are thousands of electric utilities in the United States, and few will accept the safety verification testing of another. These conditions have often made the cost of an onsite generation project prohibitively expensive.

However, many utilities have indicated that UL-certified compliance with the UL1741 standard will eliminate the need for both unnecessary hardware and individual site verification. In California, this provision is embodied in the California Public Utility Commission`s decision to approve the ``rule 21`` language adopted by the California Energy Commission (see www.energy.ca.gov/distgen/interconnection.html for details).

``In many parts of the nation, and certainly in California, the verification process to interconnect with the utility grid has been exceptionally costly and tedious,`` said Capstone President and Chief Executive Officer Dr. Ake Almgren, during the company`s recent annual shareholders` meeting. ``There must be a certainty of safety for any grid interconnected device. This safety is built into our system, but understandably, no utility should simply take a manufacturer`s word for it. This landmark certification by the world`s leading independent testing laboratory on electrical safety provides that certainty to utilities and their customers.``

UL (www.ul.com) has certified inverters and other ancillary devices to the UL1741 standard, but this is the first certification of such protective functionality that has been granted to a microturbine power-generation package. The certification applies to Capstone`s 30-kilowatt systems. The company`s newer 60-kilowatt system is currently undergoing UL1741 compliance verification.

Grid interconnection allows an onsite power system to supplement grid-supplied power without interruption to the customer. Grid interconnected distributed generation can reduce energy costs, mitigate demand charges, and aid in securing the reliability of grid power by reducing strain on the infrastructure during its most heavily used periods.

In a landmark decision last year, the New York State Department of Public Service type-tested and approved Model 330 Capstone MicroTurbines as the first 3-phase distributed generation device permitted to operate in parallel with utility grids in the state of New York. No other state offers such type-testing.

About Capstone Turbine

Capstone Turbine Corp. (www.microturbine.com; Nasdaq:CPST - news) -- winner of Financial Times Energy`s (www.ftenergy.com) 2000 Global Energy Award for Most Innovative Commercial Technology -- is a leading producer of low-emission microturbine systems. In 1998, Capstone was the first to offer commercial power products utilizing microturbine technology, the result of more than 10 years of focused research. Worldwide, more than 1,000 commercial production Capstone MicroTurbine systems serve, among others, the following applications:

Hybrid electric vehicles (HEVs): onboard generation
Resource recovery: converting oilfield, landfill and sewage waste gases into electricity
Micro-cogeneration: combined heat/power/chilling solutions
The 9s market: power quality and reliability
This news release contains ``forward-looking statements,`` as that term is used in the federal securities laws, about Capstone`s business, including statements regarding anticipated benefits of distributed generation, elimination of the need for ancillary hardware and testing, and other such statements. Readers can find many of these statements by looking for words such as ``believes,`` ``expects,`` ``anticipates,`` ``estimates,`` or similar expressions. These forward-looking statements are subject to numerous assumptions, risks and uncertainties that may cause Capstone`s actual results to be materially different from any future results expressed or implied in such statements. These risks and uncertainties include those risks, uncertainties, marketplace competitors and risk factors identified, among other places, under ``Risk Factors`` in Capstone`s registration statement on Form S-1, SEC File No. 333-48524. Market share claims have not been verified by Capstone. Capstone cautions readers not to place undue reliance on these statements, which speak only as of the date of this release. Capstone undertakes no obligation to release any revisions to such statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.

Note to Editors:

More information on Capstone`s FT Energy Award noted above is available at: www.microturbine.com/whatsnew/pressrelease.asp?article=56

More information on New York ruling noted above is at: www.microturbine.com/whatsNew/pressrelease.asp?article=39

Information on the UL2200 Listing of Capstone Model 330s is at: www.microturbine.com/whatsNew/pressrelease.asp?article=30

High-resolution photos available at: www.microturbine.com/whatsnew


--------------------------------------------------------------------------------
Contact:

Capstone Turbine Corp.
Keith Field, 818/734-5465
or
Financial Relations Board
Carl Dameron, 310/996-7496 (General and Investor Media)
or
Underwriters Laboratories
Joe Hirschmugl, 847/272-8800, ext. 41508

[panik]

MGE Signs with Capstone to Develop UPS Solutions Integrated with Clean Onsite Power Generation
CHATSWORTH, Calif.--(BUSINESS WIRE)--May 29, 2001--MGE UPS SYSTEMS (www.mgeups.com), one of the world`s leading manufacturers of uninterruptible power systems (UPSs) has signed an agreement with microturbine power system manufacturer Capstone Turbine Corp. (www.microturbine.com; Nasdaq:CPST - news), in which MGE will market UPSs with microturbine power generation as a viable option for businesses that have critical power quality and reliability needs.

``Power may fluctuate a fraction of a second, but that`s enough to damage a computer network, corrupt data or throw computer-controlled manufacturing equipment offline. It can sometimes take hours to reboot a network, and the loss of in-process and ongoing transactions can be financially devastating,`` said MGE President Dave Petratis.

Similarly, manufacturers with computer-controlled production systems can lose more than a day`s worth of business in lost production, materials, labor and inventory during a very brief power instability event.

``As computerized systems and automation become faster and more efficient, their reliance on quality power becomes more and more critical. MGE`s UPS equipment protects major and minor corporate electronic systems around the globe against damaging power surges, spikes, brownouts and blackouts,`` said Petratis.

UPS installations require onsite generation to protect against prolonged utility outages, but most states limit the operating hours of most onsite generators due to pollution concerns. Very-low-emission Capstone MicroTurbines can be run continuously without such limitations, permitting peak-rate shaving even when utility power is available, and stand-by power when it is not.

``Capstone MicroTurbine arrays are one of the best commercially viable options for ongoing, clean, onsite power generation,`` Petratis said.

MGE plans to utilize Capstone MicroTurbines in a variety of turnkey, scalable, power-generating UPS solutions specifically configured to meet the power protection needs of its customers.

``MGE has expressed that integration of long-term or continuous onsite power production with onsite energy storage may have a significant impact on the power quality/reliability market. As the nation`s dominant supplier of power reliability products, MGE`s recognition of Capstone MicroTurbines as fitting their market segments is significant,`` said Dr. Ake Almgren, president and chief executive officer of Capstone Turbine.

``Onsite generation systems like the Capstone MicroTurbine are supplements to large power plants and the electric grid. Creating power onsite enables businesses to improve power reliability, add capacity, isolate themselves from power disturbances, and reduce their reliance on expensive peak power,`` Almgren added.

Wide-scale distributed generation-and-storage systems would benefit the public at large by reducing demands on the power grid, especially at times of peak demand when the reliability and quality of power delivered by utilities is most strained.

``To the beleaguered utility grid, turning on Capstone MicroTurbines is essentially the same as turning off load. For a data center, hospital manufacturing plant, telecom site or virtually any other business, the difference can be significant: to have power or not to have power. This, of course, is particularly essential here in California in light of expected rolling blackouts,`` Almgren said.

About MGE UPS

MGE UPS SYSTEMS (www.mgeups.com) is one of the world leaders in power protection for computer, Internet, telecommunications and industrial installations. MGE manufactures and sells a full range of UPSs and active harmonic conditioners and provides all associated services. With more than 35 years of experience in the field and an active presence in more than 100 countries, MGE UPS SYSTEMS revenue amounted to $600 million in 2000 with 3,200 employees around the world. MGE UPS SYSTEMS is the only manufacturer in the world to offer such a wide range of UPSs, from 250 VA to 4800 kVA and has achieved worldwide recognition for backing up what MGE estimates is at least 90 percent of the Fortune 500 and 40 percent of Internet Data Centers.

About Capstone Turbine

Capstone Turbine Corp. (www.microturbine.com)(Nasdaq:CPST - news) -- winner of Financial Times Energy`s (www.ftenergy.com) 2000 Global Energy Award for Most Innovative Commercial Technology -- is a leading producer of low-emission microturbine systems. In 1998, Capstone was the first to offer commercial power products utilizing microturbine technology, the result of more than 10 years of focused research. Worldwide, more than 1,000 commercial production Capstone MicroTurbine systems serve, among others, the following applications:

Hybrid electric vehicles (HEVs): onboard generation
Resource recovery: converting oilfield, landfill and sewage waste gases into electricity
Micro-cogeneration: combined heat/power/chilling solutions
The 9s market: power quality and reliability
This news release contains ``forward-looking statements,`` as that term is used in the federal securities laws, about Capstone`s business, including statements regarding the potential advantages of Capstone MicroTurbine technology in power quality/reliability applications, impact on the power quality/reliability market and other such statements. Readers can find many of these statements by looking for words such as ``believes,`` ``expects,`` anticipates,`` ``estimates,`` or similar expressions. These forward-looking statements are subject to numerous assumptions, risks and uncertainties that may cause Capstone`s actual results to be materially different from any future results expressed or implied in such statements. These risks and uncertainties include those risks, uncertainties, marketplace competitors and risk factors identified, among other places, under ``Risk Factors`` in Capstone`s registration statement on Form S-1, Securities and Exchange Commission File No. 333-48524. Capstone cautions readers not to place undue reliance on these statements, which speak only as of the date of this release. Capstone undertakes no obligation to release any revisions to such statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.

Note to Editors:

More information on Capstone`s FT Energy Award noted above is available at: www.microturbine.com/whatsnew/pressrelease.asp?article=56

More information on the hybrid electric vehicle applications noted above is at: www.microturbine.com/whatsNew/pressrelease.asp?article=66

High-resolution photos available at: www.microturbine.com/whatsnew


--------------------------------------------------------------------------------
Contact:

Capstone Turbine Corp.
Keith Field, 818/734-5465
or
Financial Relations Board
Carl Dameron, 310/996-7496 (General and Investor Media)
or
MGE UPS SYSTEMS
Nancy Nelson, 714/513-7363

[panik]

Capstone Turbine Completes First Stand-Alone 60-Kilowatt MicroTurbine
``Black-Start`` Capability Enables System to Operate With or Without Grid Interconnection
CHATSWORTH, Calif.--(BUSINESS WIRE)--June 4, 2001--Capstone Turbine Corporation (www.microturbine.com; Nasdaq:CPST) today completed its first stand-alone Capstone 60 microturbine power system.

``This is a very important functionality,`` said Dr. Ake Almgren, President & CEO of Capstone Turbine. ``This system is able to start itself with its integrated energy storage system. So the Capstone 60 can operate independent of any electric grid. Automatic dual-mode switching between the grid-connected mode and stand-alone mode is also possible with this configuration.``

Capstone`s 30-kilowatt Model 330 systems have had this functionality for nearly two years. The company introduced their 60-kilowatt microturbine in September of last year. The Capstone 60 was originally specified as having an electrical efficiency of 26% +/-2 at ISO conditions. Having now tested a larger sample, the company has increased its rating to 28% +/-2.

``One of the primary benefits of an onsite, stand-alone power system is the assurance of a reliable source of electricity, whether the grid is available, experiencing a rolling blackout, or down due to severe weather or other conditions. With stand-alone and dual-mode functionality, the Capstone 60 is now able to provide this benefit to a very broad range of energy users,`` Almgren said.

Capstone MicroTurbine systems generate electricity and heat. When both forms of energy are used, total system efficiency of 70 to more than 90 percent can be achieved.

``This first stand-alone unit will be one of a 6-pack of stand-alone Capstone 60s that will be deployed by our UK distribution partner, Advantica,`` Almgren said.

Advantica Technologies Ltd. (www.advanticatech.com), formerly BG Technology Ltd. is an award-winning company with annual sales of 80 million Pounds Sterling and customers in more than 30 countries. Advantica is part of the recently formed Lattice Group (www.lattice-group.com) of energy, telecommunications, property reclamation and related infrastructure businesses.

Advantica plans to install the 6-unit MultiPac system at a prestigious hotel development. Heat from the systems will be used for water heating, laundry and space heating at the hotel via Advantica`s award-winning MiniGen(TM) combined heat-and-power (CHP) solution.

A month ago, Advantica earned the ``most innovative`` award at this year`s Gas Industry Awards hosted by the Institution of Gas Engineers and the Society of British Gas Industries. The judging panel chose Advantica for its ``innovative, ultra low emission and highly cost-effective, microturbine-based, combined-heat-and-power (CHP) package for small and medium commercial operations.``

Advantica`s high-efficiency MiniGen systems are built upon Capstone`s low-emission microturbine technology that provides energy, cost and environmental benefits to both small and large users alike. This is a significant advantage, as it can be installed by a variety of businesses ranging from leisure centers, nurseries and hospitals, to supermarkets and hotels, all of which are subject to the Climate Change Levy (CCL) -- the new energy tax implemented by the UK government in April.

About Advantica

With origins in British Gas, Advantica (www.advanticatech.com) -- formerly BG Technology -- is a leading provider of technology and engineering services to customers in gas, pipelines and associated industries in more than 30 countries. The UK-based company is currently pushing into new markets, using the skills developed for the British gas industry to solve problems and deliver solutions in other nations. Advantica has annual sales of 80 million Pounds Sterling and employs more than 800 people in the UK and North America.

About Capstone Turbine

Capstone Turbine Corporation (www.microturbine.com; Nasdaq:CPST) -- winner of Financial Times Energy`s (www.ftenergy.com) 2000 Global Energy Award for Most Innovative Commercial Technology -- is a leading producer of low-emission microturbine systems. In 1998, Capstone was the first to offer commercial power products utilizing microturbine technology, the result of more than ten years of focused research. Worldwide, more than 1,000 commercial production Capstone MicroTurbine systems serve, among others, the following applications:

Hybrid electric vehicles (HEVs): onboard generation
Resource recovery: converting oilfield and biomass waste gases into electricity
Micro-cogeneration: combined heat/power/chilling solutions
The 9s market: power quality and reliability
This news release contains ``forward-looking statements,`` as that term is used in the federal securities laws, about Capstone`s business, including statements regarding the benefits of onsite stand-alone power systems, the product installation plans of other parties and other such statements. You can find many of these statements by looking for words such as ``believes,`` ``expects,`` ``anticipates,`` ``estimates,`` or similar expressions. These forward-looking statements are subject to numerous assumptions, risks and uncertainties that may cause Capstone`s actual results to be materially different from any future results expressed or implied in such statements. These risks and uncertainties, such as staffing difficulties that may reduce the number of microturbines Capstone can produce, include those risks, uncertainties, marketplace competitors and risk factors identified, among other places, under ``Business Risks`` in Capstone`s Annual Report (www.corporate-ir.net/ireye/ir_site.zhtml?ticker=cpst&script=2100) on form 10-K for the year ended December 31, 2000. Capstone cautions you not to place undue reliance on these statements, which speak only as of the date of this release. Capstone undertakes no obligation to release any revisions to such statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.

Note to Editors: Information on the shipment of the first Capstone 60 is at: www.microturbine.com/whatsnew/pressrelease.asp?article=48

Information on Advantica`s Gas Industry Award is at: www.microturbine.com/whatsnew/pressrelease.asp?article=111

Information on Advantica`s Horticultural Industry Award is at: www.microturbine.com/whatsNew/pressrelease.asp?article=29

Information on the Advantica MiniGen and the Climate Change Levy is at: www.microturbine.com/whatsnew/pressrelease.asp?article=63

Information on the FT Energy Award noted above is at: www.microturbine.com/whatsnew/pressrelease.asp?article=56

High-resolution photos available at: www.microturbine.com/whatsnew


--------------------------------------------------------------------------------
Contact:

Capstone Turbine Corporation
Keith Field, 818/734-5465
or
Financial Relations Board (General & Investor Media)
Carl Dameron, 310/996-7496
or
Advantica
Ian Stares, 011-44-1509-282285

[gewinnwarner]

Capstone Turbine shares fall on worry over orders
NEW YORK, June 4 (Reuters) -- Shares of Capstone Turbine Corp. (NasdaqNM:CPST - news) on Monday fell as much as 11 percent because of concern that orders for the company`s off-the-grid power microturbines have not materialized as quickly as investors had hoped.
ADVERTISEMENT



With some saying product sales are being hurt by competition and, ironically, by California`s power crisis, Capstone Turbine`s shares fell $2.78, or 8.2 percent, to $31.25 on volume of 2.7 million shares on the Nasdaq Stock Market. Earlier, the shares fell as low as $30.41.

Merrill Lynch analyst Sam Brothwell on Monday cut his estimates for the number of microturbines Capstone will deliver in 2001 to 2,100 from 2,800, and in 2002 to 4,100 from 7,900. Capstone`s refrigerator-sized microturbines provide electricity for small businesses and homes on-site, as opposed to through the electric power grid, using natural gas and other fuels. They are also used in electric buses.

``The near-term adoption for the product is generating orders in the 10s and low 100s, and to meet the sales ramp in our model, we needed orders closer to 1000,`` Brothwell said. ``We think those orders will be coming (but) it`s taking a little longer than we had thought.``

In a note to clients, Brothwell said that Chatsworth, California-based Capstone, which began commercial shipping of its microturbines in December, 1998, faces ``stiff`` competition from more established companies such as Caterpillar Inc.

(NYSE:CAT - news), which also makes electric power generators. Caterpillar is the world`s No. 1 producer of construction and mining equipment.

The power crisis in California ``is both a blessing and a curse for Capstone,`` Brothwell wrote. The crisis has created demand for power generation products yet caused customers to panic, making it more difficult to sell new and unproven products, he wrote.

Capstone`s principal product is a microturbine that generates 30 kilowatts of electricity -- enough to power a small business, according to Capstone`s Web site. The company introduced a 60-kilowatt microturbine in September.

``There`s probably an assumption that there will eventually be a lot of orders and a lot of production by Capstone, but the difficulty is valuing (the shares) now,`` said David Schoenwald, the co-manager of the Melville, New York-based New Alternatives Fund, which has about $58 million in equities under management, including ``a little of Capstone.``

You ``have to be patient with these stocks,`` he said.

Schoenwald said he ``would add (Capstone) if it went considerably lower (but) I`m not sure what the value should be.``

Capstone shares have traded on an intra-day basis between $98.50 and $17.75 in the last 52 weeks. The high was reached on Aug. 31 and the low on Nov. 30.

Shares of Capstone, which became a publicly traded company last June, ``have been and likely will continue to be dogged by ongoing insider sales,`` Brothwell wrote in his note to clients. Early-stage investors such as venture capitalists, many of whom have a cost basis in Capstone shares in the $1 to $2 range, are registering to sell their shares ahead of summer, he wrote.

Such insider sales, by increasing the supply of shares available to the public, can help depress the price of the shares.




wo ist denn der rest vom thread ???

mfg gw

[kleftiko]

Capstone-Energized Hybrid Electric Bus Debuts in China
CHATSWORTH, Calif.--(AutomotiveWire)--June 4, 2001--The first hybrid electric bus in China was recently unveiled by Beijing Chargeking Energy Technology Company Ltd. (www.chargeking.com), a leading manufacturer of electric vehicle charging equipment, at the Beijing International Scientific and Technological Exposition.

Attendance at the wide-ranging exhibition reportedly exceeded 800,000.

The high-tech bus, which is energized by two compact 30-kilowatt microturbine power generators made by Capstone Turbine Corporation (www.microturbine.com; Nasdaq:CPST - news), was researched, developed and manufactured by Beijing Chargeking with consultation from Beijing Tsinghua University and the Chinese Academy of Sciences. Specifications of the bus are on Chargeking`s Web site at www.chargeking.com/english/product/ProductDetail.asp?ID=13.

The onboard microturbine generators recharge the battery packs of the vehicle while it is in operation. In addition to being far cleaner than traditional bus engines, the Capstone MicroTurbine is also smaller, lighter and quieter. With a single moving assembly; no gearbox; no pumps; no mechanical subsystems; and no need for oil, lubricants or coolants, better reliability and greatly reduced maintenance have been demonstrated on Capstone-energized buses operating in the United States and New Zealand. Fuel mileage has been shown to be more than double that of traditional engine buses.

While the hybrid-electric bus is currently shuttling Chinese officials and foreign delegates on demonstration tours to and from Chargeking`s Beijing production facilities, it will soon enter public transit service.

``The Capstones have worked perfectly in our bus. We have less than 1,000 miles on this new first bus. But we also hope to go over 30,000 miles with no microturbine engine problems,`` said Chargeking President Kong Da Hang, referring to several Capstone-energized buses in New Zealand and the United States that have each accumulated more than 30,000 miles of revenue service without any microturbine engine maintenance other than air filter changes.

Non-hybrid, electric-only buses are much smaller than most buses, accelerate slowly, cannot run on routes with uphill terrain and have very limited range, especially in warm and cold weather. They must go out of service once or more daily either for recharging or to have their massive battery arrays swapped out. Hybrid-electric vehicles, with an onboard source of recharging power, can eliminate these issues.

``Capstone-energized hybrid electric vehicles maximize the benefits of both electric-only and traditional engine vehicles,`` said Dr. Ake Almgren, president and CEO of Capstone Turbine. ``They remove the size, range and terrain issues, accelerate more briskly, permit uninterrupted 19-hour-per-day service, enable climate control in warm and cold weather, and are just as quiet as an electric-only vehicle in transit.

``Non-hybrid electric vehicles are recharged with power generated at large centralized plants. The Capstone MicroTurbine generates recharging power with fewer emissions than most large centralized power plants,`` Almgren said. ``As such, Capstone-energized hybrids, from well to wheels, may actually have less environmental impact than even so-called `zero-emission` electric vehicles.

``This attractive (photo at www.microturbine.com/whatsnew/morePhotos.asp?newsid=115) 38-foot bus is the largest Capstone-energized vehicle to date,`` Almgren added.

Other Capstone hybrid buses in service today range from 22-foot buses running in Arizona, Florida, New Zealand and elsewhere to several 32-foot buses operated by the Los Angeles Department of Transportation.

Both Capstone`s liquid fueled and gaseous fueled microturbines have been certified by the California Air Resources Board (CARB), which has the world`s most stringent emissions standards (see www.microturbine.com/whatsNew/pressrelease.asp?article=66). Operating on compressed natural gas (CNG), nitrogen oxide (NOx) emissions per brake horsepower hour of the Capstone MicroTurbine were certified by CARB at a level 80 percent lower than the cleanest CARB-certified heavy-duty truck and bus CNG engine. Even using diesel fuel, the Capstone was found to have close to half the emissions of the cleanest CARB-certified CNG engine.

[panik]

Capstone Turbine Added to Russell 3000 Index List
CHATSWORTH, Calif.--(BUSINESS WIRE)--June 11, 2001--Microturbine power systems manufacturer Capstone Turbine Corporation (www.microtubine.com; Nasdaq: CPST - news) has been added to the preliminary list of companies joining the Russell 3000® Index.

The index, one of 21 U.S. equity indexes developed by Frank Russell Company (www.russell.com), is to be rebalanced at the end of June, according to a Russell press release. Final index membership will go into effect July 1 and remain in place for one year.

Russell adjusts its indexes annually in order to accurately rank the 3,000 largest companies in the U.S. stock market by market capitalization. This realignment allows the indexes to provide a truer reflection of stock market activity and performance. Annual reconstitution of the Russell indexes captures the 3,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization to create the Russell 3000.

According to the Russell press release, ``Membership in Russell`s 21 U.S. equity indexes -- widely used as benchmarks for both passive and active investment strategies -- is determined strictly by market capitalization rankings and style attributes, rather than by subjective opinion or committee decisions. This ability to more accurately reflect market reality is one reason why Russell`s benchmarks are widely used to evaluate investment managers.``

``We are pleased to join the Russell 3000, which reflects the market`s valuation of our business and its prospects,`` said Capstone CFO Jeffrey R. Watts.

About Frank Russell Company

Frank Russell Company, a global investment services firm, provides manager-of-manager investment products and services in more than 35 countries. Russell manages $66 billion in assets and advises clients representing more than $1 trillion worldwide. Founded in 1936, Russell is a subsidiary of Northwestern Mutual and is headquartered in Tacoma, Wash., with additional offices in New York, Toronto, London, Paris, Singapore, Sydney, Auckland and Tokyo. The company ranks 13th on Fortune magazine`s top 100 best companies to work for in the United States.

About Capstone Turbine

Capstone Turbine Corporation (www.microturbine.com; Nasdaq: CPST - news) -- winner of Financial Times Energy`s (www.ftenergy.com) 2000 Global Energy Award for Most Innovative Commercial Technology -- is a leading producer of low-emission microturbine systems. In 1998, Capstone was the first to offer commercial power products utilizing microturbine technology, the result of more than ten years of focused research. Worldwide, more than 1,000 commercial production Capstone MicroTurbine systems serve, among others, the following applications:

Hybrid electric vehicles (HEVs): onboard generation
Resource recovery: converting oilfield, landfill and sewage waste gases into electricity
Micro-cogeneration: combined heat/power/chilling solutions
The 9s market: power quality and reliability
This press release contains ``forward-looking statements,`` as that term is used in the federal securities laws, about Capstone`s business, including statements regarding shareholder value. You can find many of these statements by looking for words such as ``believes,`` ``expects,`` ``hopes,`` ``anticipates,`` ``estimates,`` or similar expressions. These forward-looking statements are subject to numerous assumptions, risks and uncertainties that may cause Capstone`s actual results to be materially different from any future results expressed or implied in such statements. These include those risks, uncertainties, marketplace competitors and risk factors identified, among other places, under ``Business Risks`` in Capstone`s Annual Report (www.corporate-ir.net/ireye/ir_site.zhtml?ticker=cpst&script=2100) on form 10-K for the year ended Dec. 31, 2000. Capstone cautions you not to place undue reliance on these statements, which speak only as of the date of this release. Capstone undertakes no obligation to release any revisions to such statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.

Note: Information on Capstone`s FT Energy Award noted above is available at: www.microturbine.com/whatsnew/pressrelease.asp?article=54

Note: Annual report is at: www.corporate-ir.net/ireye/ir_site.zhtml?ticker=cpst&script=2100


--------------------------------------------------------------------------------
Contact:

Capstone Turbine Corporation
Keith Field, 818/734-5465
or
Financial Relations Board
Tony Rossi, 310/996-5500

[panik]

Capstone Turbine Begins Commercial Production of Recuperators
Automated Production of Core Component to Reduce Costs
CHATSWORTH, Calif.--(BUSINESS WIRE)--June 14, 2001--Capstone Turbine Corporation (www.microturbine.com; Nasdaq:CPST - news) today announced it has begun producing commercial quantities of recuperator cores at its nearby Van Nuys plant.

A recuperator is a device that extracts heat energy from the exhaust of a combustion system to preheat intake air, which increases energy efficiency. In Capstone`s case, the recuperator surrounds the microturbine engine and effectively doubles its efficiency. Solar Turbines (www.solarturbines.com) has been the sole source of recuperators to Capstone up to this time.

Solar and Capstone worked cooperatively for several years to develop advanced automated manufacturing techniques for the jointly designed product. Last September, Capstone announced a licensing agreement to manufacture the recuperator.

``Our experience with the Solar-manufactured recuperator has been excellent. We have sold and shipped well over 1,000 Capstone MicroTurbines and have had no field failures of recuperators. This led us to the next logical step of investing in the equipment and resources to manufacture them ourselves,`` said Dr. Ake Almgren, president and CEO of Capstone Turbine.

``Our goals were to eliminate sole-source dependence, control production volumes and reduce costs. The recuperator has been among the most costly components of the Capstone MicroTurbine,`` Almgren said. ``In this world`s-first automated recuperator core production process, we hope to achieve a goal of cutting labor time in half and realizing other cost savings.

``This is a strategic move for Capstone, eliminating what could have been availability restrictions. Taking the recuperator core production process technology to this new level is a crucial factor in volume manufacturing of microturbines, because if you can`t mass produce recuperators, you can`t mass produce microturbines,`` Almgren said.

Originally intended to go online in the third quarter of 2001, Capstone announced in their first quarter 2001 earnings report the acceleration of the company`s recuperator core-manufacturing program from September to June of 2001. Capstone has an inventory of Solar-produced recuperators to help ensure uninterrupted microturbine system production.

``There are still some manufacturing refinements and enhancements to achieve, but we are ahead of schedule and seeing very positive results,`` Almgren said.

About Capstone Turbine

Capstone Turbine Corporation (www.microturbine.com) (Nasdaq:CPST - news) -- winner of Financial Times Energy`s (www.ftenergy.com) 2000 Global Energy Award for Most Innovative Commercial Technology -- is a leading producer of low-emission microturbine systems. In 1998, Capstone was the first to offer commercial power products utilizing microturbine technology, the result of more than ten years of focused research. Worldwide, more than 1,000 commercial production Capstone MicroTurbine systems serve, among others, the following applications:

Hybrid electric vehicles (HEVs): onboard generation
Resource recovery: converting oilfield, landfill and sewage waste gases into electricity
Micro-cogeneration: combined heat/power/chilling solutions
The 9s market: power quality and reliability
This news release contains ``forward-looking statements,`` as that term is used in the federal securities laws, about Capstone`s business, including statements regarding yet-to-be-achieved manufacturing refinements, volume manufacturing, anticipated cost reductions, and other such statements. You can find many of these statements by looking for words such as ``believes,`` ``expects,`` ``hopes,`` ``anticipates,`` ``estimates,`` or similar expressions. These forward-looking statements are subject to numerous assumptions, risks and uncertainties that may cause Capstone`s actual results to be materially different from any future results expressed or implied in such statements. These risks and uncertainties, such as inability to manufacture recuperator cores internally, may reduce the number of microturbines Capstone can produce, include those risks, uncertainties, marketplace competitors and risk factors identified, among other places, under ``Business Risks`` in Capstone`s Annual Report (www.corporate-ir.net/ireye/ir_site.zhtml?ticker=cpst&script=2100) on form 10-K for the year ended Dec. 31, 2000. Capstone cautions readers not to place undue reliance on these statements, which speak only as of the date of this release. Capstone undertakes no obligation to release any revisions to such statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.

Note: Photos related to this announcement are at: http://www.microturbine.com/whatsnew/morePhotos.asp?newsid=1…

Note: Information on the Solar Turbine licensing agreement noted above is at: www.microturbine.com/whatsnew/pressrelease.asp?article=44

Note: First quarter 2001 earnings report noted above is at: www.microturbine.com/whatsnew/pressrelease.asp?article=73

Note: Information on Capstone`s FT Energy Award noted above is at: www.microturbine.com/whatsnew/pressrelease.asp?article=54

Note: Annual report is at: www.corporate-ir.net/ireye/ir_site.zhtml?ticker=cpst&script=2100


--------------------------------------------------------------------------------
Contact:

Capstone Turbine Corporation
Keith Field, 818/734-5465
or
Financial Relations Board
Tony Rossi, 310/996-5500 (Investor Relations)

[panik]

6:48AM Barron`s Stories : Barron`s cover story is a positive take on General Motors (GM); an article on Capstone Turbine (CPST) is skeptical about the company`s valuation given slow sales momentum and increasing competition; there is a positive take on utility company PPL (PPL).

[panik]

Capstone Turbine Introduces Oil-Free Gas Compressor for Microturbines
Unique Foil Bearing Design Boosts Natural Gas Pressure from 0.2 psig to 55 psig
CHATSWORTH, Calif.--(BUSINESS WIRE)--June 19, 2001--Leading microturbine power system manufacturer Capstone Turbine Corp. (www.microturbine.com; Nasdaq:CPST - news) has engineered what they believe to be the first lubricant-free compressor capable of boosting very low pressure natural gas to a compressed state required by microturbine systems.

``The distributed generation industry has long recognized the need for a reliable, compact, low-maintenance compressor that can perform this technically challenging pressurization task. We`ve combined the best aspects of our renowned air bearing technology with that of our compact rotary flow compressor (RFC) to create a device that can accomplish this task while eliminating any risk of liquid contamination of the fuel stream,`` said Dr. Ake Almgren, president and CEO of Capstone Turbine.

Two leading distributors of Capstone MicroTurbine(TM) power systems -- Takuma Co. in Japan (www.takuma.co.jp/microturbine-e.html) and Midwest USA distributor Interstate Power Systems (www.istate.com) headquartered in Minnesota -- have separately logged more than 1,500 hours of uninterrupted operation of Capstone`s foil bearing RFC.

``We put our first one to work on a coalbed methane installation at 2 psig (pounds per square inch gauge) inlet pressure,`` said Kevin Schram of Interstate Power Systems. ``We`ve run it for more than 1,500 hours and it has been textbook flawless.``

Engineers at Takuma, which manufactures and distributes Capstone-powered combined heat and power systems in Japan (see www.microturbine.com/whatsnew/pressrelease.asp?article=71), have run the new Capstone foil-bearing compressor for more than 2,000 hours at 4 psig.

``Our 30-kilowatt system requires natural gas pressurized to 55 psig, but most urban sites have existing gas delivery at very low pressure levels,`` said Almgren.

Capstone has, since 1999, offered a version of their Model 330 microturbine with a ball-bearing-based RFC for inlet pressures in the 5-15 psig range. The new foil-bearing RFC (see www.microturbine.com/whatsnew/pressrelease.asp?article=107) both extends operating range to as low as 0.2 psig inlet pressure and is expected to extend compressor life and reduce maintenance.

It is vibration-free, inaudible over the sound of the microturbine, and does not need the space, gas plumbing and electrical supply required by external gas compressors.

The bearings of this new compressor option are similar to the maintenance-free patented air bearings used in Capstone`s microturbine engines, which use no liquid lubrication. Also similar to the Capstone MicroTurbine, the foil-bearing RFC has just one moving component.

``We have internally operated production units well in excess of 2,000 hours and have seen no signs of wear or other degradation,`` Almgren said. ``We are now selling the new foil-bearing RFC, and we will continue to offer the ball bearing RFC as an economical option for medium-pressure applications. It`s still quite early, but judging by the incoming orders from our distributors here in the U.S. and particularly those abroad, it seems evident that our new foil-bearing RFC is filling a void in the marketplace.``

About Capstone Turbine

Capstone Turbine Corp. (www.microturbine.com) (Nasdaq:CPST - news) -- winner of Financial Times Energy`s (www.ftenergy.com) 2000 Global Energy Award for Most Innovative Commercial Technology -- is a leading producer of low-emission microturbine systems. In 1998, Capstone was the first to offer commercial power products utilizing microturbine technology, the result of more than 10 years of focused research.

Worldwide, more than 1,000 commercial production Capstone MicroTurbine systems serve, among others, the following applications:

Hybrid electric vehicles (HEVs): onboard generation
Resource recovery: converting oilfield, landfill and sewage waste gases into electricity
Micro-cogeneration: combined heat/power/chilling solutions
The 9s market: power quality and reliability
This news release contains ``forward-looking statements,`` as that term is used in the federal securities laws, about Capstone`s business, including statements regarding filling voids in the marketplace, anticipated performance based on individual instances and increased compressor life expectations. You can find many of these statements by looking for words such as ``believes,`` ``expects,`` ``hopes,`` ``anticipates,`` ``estimates,`` or similar expressions. These forward-looking statements are subject to numerous assumptions, risks and uncertainties that may cause Capstone`s actual results to be materially different from any future results expressed or implied in such statements. These risks and uncertainties, such as inability to manufacture components internally that may reduce the number of microturbines Capstone can produce, include those risks, uncertainties, marketplace competitors and risk factors identified, among other places, under ``Business Risks`` in Capstone`s Annual Report (www.corporate-ir.net/ireye/ir_site.zhtml?ticker=cpst&script=2100) on form 10-K for the year ended Dec. 31, 2000. Capstone cautions you not to place undue reliance on these statements, which speak only as of the date of this release. Capstone undertakes no obligation to release any revisions to such statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.

Note: Further information on the Capstone foil bearing RFC is at www.microturbine.com/whatsnew/pressrelease.asp?article=107

Note: High-resolution photographs of the Capstone foil bearing RFC are at www.microturbine.com/whatsnew/morePhotos.asp?newsid=107

Note: Information on coalbed methane applications of Capstone MicroTurbines is at www.microturbine.com/caseStudies/case2.asp

Note: Information on Takuma`s Capstone-Powered Cogeneration Systems is at www.microturbine.com/whatsnew/pressrelease.asp?article=71

Note: Information on the FT Energy Award noted above is at http://www.microturbine.com/whatsnew/pressrelease.asp?article=54" target="_blank" rel="nofollow ugc noopener">http://www.microturbine.com/whatsnew/pressrelease.asp?article=54

Note: Other high-resolution photos available at http://www.microturbine.com/whatsnew


--------------------------------------------------------------------------------
Contact:

Capstone Turbine Corp.
Keith Field, 818/734-5465
or
Financial Relations Board
Tony Rossi, 310/966-5500 (Investor Relations)

[Organisa]

Warum fällt Capstone nach all den guten Berichten ?
Gibt es noch andere Leidensgenossen ?

[Guru-Schreck]

Es gab in letzter Zeit nicht nur gute Berichte. Capstone kann wahrscheinlich
nicht genügend Turbinen herstellen. Deshalb werden wohl die hohen Erwartungen nicht
erreicht werden. Die Bewertung ist immer noch hoch. Die Aktie kämpft immer noch
mit der 20$ Marke. Falls diese Woche die 20$ wieder deutlich überschritten werden
sollte, kann man prozyklisch mal etwas kaufen. Allerdings würde ich einen Stopp bei
etwa 18$ setzen.

[Guru-Schreck]

Die 20$ hat erst einmal gehalten, sieht kurzfristig erstmal etwas besser aus.

[Sandorin]

Hallo

möchte mir gerne diese Aktie kaufen.
Was denkt ihr.
Kann man auf diese Kurs nun einsteigen, oder sollte man noch etwas
warten. (Bin kein so ehrfahrener Börsenprofi)
Würde mich über euere Meinung sehr freuen.
DANKE

Ciao
Santorin

[panik]

ADVISORY/President Bush to View Capstone MicroTurbine, Other Alternative Energy Systems, at DOE, June 28
(BUSINESS WIRE)--

WHO: President Bush, Vice President Dick Cheney,
Energy Secretary Spencer Abraham

WHAT: Will view Capstone MicroTurbine power system and talk
with Dr. Ake Almgren, chief executive officer of
Capstone Turbine (www.microturbine.com; Nasdaq:CPST)
during an exhibit of alternative energy systems at the
Department of Energy.

Other energy-related exhibits and representatives from
Intel (www.intel.com; Nasdaq:INTC), Silicon Energy
(www.siliconenergy.com), GE (www.ge.com; NYSE:GE),
Enova Systems (www.enovasystems.com; Nasdaq:ENVA),
National Semiconductor (www.national.com; NYSE:NSM),
Powercell (www.powercell.com), et al. President Bush
will then make a statement to the media.

WHEN: Thursday, June 28
9:45-11 a.m. Eastern Time

WHERE: Department of Energy
1000 Independence Ave.
Washington, D.C.

MEDIA
ATTENDANCE: Contact White House Press Office: 202/456-2673

About Capstone Turbine

Capstone Turbine Corp. (www.microturbine.com) (Nasdaq:CPST - news) -- winner of Financial Times Energy`s (www.ftenergy.com) 2000 Global Energy Award for Most Innovative Commercial Technology -- is a leading producer of low-emission microturbine systems.

In 1998, Capstone was the first to offer commercial power products utilizing microturbine technology, the result of more than 10 years of focused research.

Worldwide, more than 1,000 commercial production Capstone MicroTurbine systems serve, among others, the following applications:

Hybrid electric vehicles (HEVs): onboard generation
Resource recovery: converting oilfield, landfill and sewage waste gases into electricity
Micro-cogeneration: combined heat/power/chilling solutions
The 9s market: power quality and reliability

--------------------------------------------------------------------------------
Contact:
Capstone Turbine Corp.
Keith Field, 818/734-5465
818/216-2388

[Guru-Schreck]

@Sandorin

Die Aktie ist relativ hoch bewertet. Solange die Energie in den USA knapp bleibt,
hat der Wert allerdings viel Phantasie bezüglich hoher Wachstumsraten. Zur Zeit notiert
die Aktie am unteren Rand ihrer Tradingrange (derzeit 20$-40$). Wenn man kauft sollte man
einen engen Stopp bei 18$ setzen, den drunter gibt es derzeit keine Unterstützungen mehr.
Die Aktie sollte möglichst nur in den USA geordert werden, da in Deutschland zu wenig
Stücke umgehen.

[panik]

ADVISORY/U.S. Rep. Brad Sherman to Tour Capstone Turbine, Discuss MicroTurbine Role in Energy Solutions
(BUSINESS WIRE)--

WHO: -- U.S. Rep. Brad Sherman, California`s 24th District
-- Dr. Ake Almgren, president and chief executive officer,
Capstone Turbine Corp.
-- Mike Tingus, president, Capstone California

WHAT: U.S. Rep. Brad Sherman (D-Woodland Hills) will discuss the
energy issues with executives of Capstone Turbine Corp.
(www.microturbine.com; Nasdaq:CPST - news) and how the Capstone
MicroTurbine is playing a part in the solution.
Will tour the manufacturing plant; ride a Capstone-Energized
hybrid electric trolley bus
(www.microturbine.com/News/E-BusTrolley-CapstoneHQ.jpg); and
address Capstone employees.

WHEN: Thursday, July 5
11 a.m. -- View five microturbines powering data center at
Capstone
11:15 a.m. -- View/ride Capstone-Energized E-Bus Turbine
Electric Trolley
11:30 a.m. -- Address media (Sherman, Almgren, Tingus)

WHERE: Capstone Turbine Corp.
21211 Nordhoff St.
Chatsworth, Calif. 91311

WHY: Capstone provides business, government and industry with
very-low-maintenance, very-low-emission energy systems that
can isolate businesses from potential power problems while
reducing their energy costs and conserving grid power.
Capstone MicroTurbines can also cleanly convert waste gases
from landfills, wastewater plants, etc., into electricity,
which will be a topic of discussion. Worldwide, more than
1,000 commercial production Capstone MicroTurbine systems
serve, among others, the following applications:
-- Hybrid electric vehicles (HEVs): onboard generation
-- Resource recovery: converting oilfield, landfill and
sewage waste gases into electricity
-- Micro-cogeneration: combined heat/power/chilling solutions
-- The 9s market: power quality and reliability

NOTE: High-resolution photos are available at
www.microturbine.com/whatsnew.


--------------------------------------------------------------------------------
Contact:
Capstone Turbine Corp., Chatsworth
Keith Field, 818/734-5465
or
Edelman Worldwide, Los Angeles
Jennifer Reese, 323/202-1061 (general media)
or
The Financial Relations Board Inc., Los Angeles
Tony Rossi, 310/966-5500 (investor media)

[panik]

DOE Awards Capstone Turbine $3M to Develop Microturbine-Powered Cooling/Heating/Power Systems
CHATSWORTH, Calif.--(BUSINESS WIRE)--July 12, 2001--Department of Energy Secretary Spencer Abraham announced a $3-million award to Capstone Turbine Corporation for the ``research, development and testing of packaged cooling, heating and power systems for buildings.``

The goal of the project, according to a DOE press release, is to ``focus on innovative integration of (distributed energy resource) power generation, thermal recovery, and thermally-activated cooling and humidity control technologies.

``Approximately two-thirds of the fuel energy used to generate electricity in the U.S. is wasted in the form of discarded heat,`` the DOE press release states. ``Distributed energy resources, or DER, refer to small-scale power generation systems located close to the point of use. By productively using DER system waste heat to provide cooling, heating and humidity control in commercial and institutional buildings, these systems can improve overall resource efficiency levels to 70% or greater.``

``Capstone and the companies that it works with have already made great technological strides forward in developing effective and affordable combined heat-power-and-chilling systems. These systems have demonstrated real-world thermal efficiencies ranging from 70 to more than 90 percent,`` said Capstone President & CEO Dr. Ake Almgren. ``This award will aid our efforts to develop even better operational economics for end-users by making use of Capstone`s clean, dry exhaust heat on a year-round basis.``

In current applications, exhaust heat from Capstone MicroTurbines has been used to supplement boilers, maintain proper greenhouse temperatures, and to heat water or air, mitigating the natural gas or other fuel otherwise needed to perform these heating tasks. The hot, dry exhaust of Capstone MicroTurbines has also been used to drive absorption and desiccant-based chillers, producing space cooling while reducing demand on the electrical system. This DOE award will fund further integration and optimization of these technologies with the microturbine, with the goal of making them available to a wider array of economic applications.

In a recent brief meeting at the DOE, Almgren showed President Bush and Energy Secretary Abraham photographs of microturbine-powered cooling/heating/power systems currently operating around the world. ``These are excellent examples of increasing energy efficiency in an environmentally beneficial way, as outlined in the administration`s National Energy Policy,`` Almgren said.

One year ago, Capstone was selected by the DOE to receive a $10 million award, over a five-year period, to develop an Advanced Microturbine System. The target objectives of the Advanced Microturbine System program are to create a microturbine system that will produce 150 - 200 kilowatts, operate at a fuel-to-electricity efficiency of at least 40 percent, with NOx emissions of less than 7 parts per million.

About Capstone Turbine

Capstone Turbine Corporation (www.microturbine.com; Nasdaq:CPST - news) - winner of Financial Times Energy`s (www.ftenergy.com) 2000 Global Energy Award for Most Innovative Commercial Technology - is a leading producer of low-emission microturbine systems. In 1998, Capstone was the first to offer commercial power products utilizing microturbine technology, the result of more than ten years of focused research. Worldwide, more than 1,000 commercial production Capstone MicroTurbine systems serve, among others, the following applications:

Hybrid electric vehicles (HEVs): onboard generation
Resource recovery: converting oilfield, landfill and sewage waste gases into electricity
Micro-cogeneration: combined heat/power/chilling solutions
The 9s market: power quality and reliability
This press release contains ``forward-looking statements,`` as that term is used in the federal securities laws, about Capstone`s business, including statements regarding anticipated benefits of distributed energy resources, government funding of DOE awards, mass production of Capstone-powered systems and other such statements. You can find many of these statements by looking for words such as ``believes,`` ``expects,`` anticipates,`` ``estimates,`` or similar expressions. These forward-looking statements are subject to numerous assumptions, risks and uncertainties that may cause Capstone`s actual results to be materially different from any future results expressed or implied in such statements. These risks and uncertainties, such as Capstone`s ability to complete the development efforts noted in the above, include those risks, uncertainties, marketplace competitors and risk factors identified, among other places, under ``Business Risks`` in Capstone`s Annual Report (www.corporate-ir.net/ireye/ir_site.zhtml?ticker=cpst&script=2100) on form 10-K for the year ended December 31, 2000. Capstone cautions you not to place undue reliance on these statements, which speak only as of the date of this release. Capstone undertakes no obligation to release any revisions to such statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.

Note: Information on Almgren`s recent meeting with Bush and Abraham is available at: www.microturbine.com/whatsnew/pressrelease.asp?article=121

Note: Capstone`s press release on the $10-million DOE award noted above is available at: www.microturbine.com/whatsNew/pressrelease.asp?article=38

Note: Information on some current Capstone-powered combined heat-power-and-chilling systems is available at: www.microturbine.com/whatsNew/pressrelease.asp?article=71 and www.microturbine.com/whatsNew/pressrelease.asp?article=70 and www.microturbine.com/whatsNew/pressrelease.asp?article=63 and www.microturbine.com/whatsNew/pressrelease.asp?article=49

Note: An electronic copy of the administration`s National Energy Policy is available at: www.whitehouse.gov/energy/National-Energy-Policy.pdf

Note: More information on Capstone`s FT Energy Award noted above is available at: www.microturbine.com/whatsnew/pressrelease.asp?article=54

Note: High-resolution photos available at www.microturbine.com/whatsnew

Note: Annual report is at: www.corporate-ir.net/ireye/ir_site.zhtml?ticker=cpst&script=2100

[panik]

RESEARCH ALERT-Capstone Turbine loss estimate widened
NEW YORK, July 20 (Reuters) - Merrill Lynch said Friday it was widening its estimate of Capstone Turbine Corp.`s (NasdaqNM:CPST - news) 2002 results from a 5 cent per share loss to a 10 cent loss because of higher research and development costs and unit ramp timing.

``Capstone reported a 13 cent loss Q2 last night; a bit bigger loss than we had been expecting, but not significantly out of line,`` said Sam Brothwell in a research note.

Brothwell said the micro-turbine manufacturer`s second quarter had been helped by the power shortages in California, high natural gas prices and utility rates, but ongoing sales growth would likely be in increments of ten units, rather than hundred units, unless one of the big contracts under negotiation comes through.

Brothwell said Capstone remains a solid tech holding, but sentiment is against the sector right now given lack of power crisis ``events.``

Shares of Capstone slumped $2.24 or 13.18 percent to a 52-week low of $14.75 in early trade on the Nasdaq.

[tia]

...und hat Jemand eine Meinung zu diesen Artikel und dem gestrigen Kurssturz? Geht es weiter nach Süden? Der Ölpreis dürfte mal vorerst seinen Boden gefunden haben...
gruss

[seinfeld]

Hallo zusammen!!
Bin leider etwas zu früh in Capstone
eingestiegen und durfte gleich den gestrigen
Kurssturz mitmachen, trotzdem habe ich gestern
direkt für ca. 13 Dollar nachgekauft.
Für so schlecht halte ich die Quartalszahlen
gar nicht und an den positiven langfristigen
Aussichten hat sich meiner Ansicht nach auch
nichts geändert. Ich denke, daß es am Montag
auf jeden Fall erst einmal eine Gegenbewegung
nach oben geben wird (vielleicht bis in den
Bereich von 15$??) und auch ein Blick auf
die Analysteneinschätzungen stimmt mich eher positiv.
Die Kursziele bewegen sich in einem Bereich von
24-50 Dollar, Konsenz ca. 42 Dollar und auch das
Downgrade von Wedbush Morgan von Strong Buy auf
Long Term Attractive ist ja nicht so negativ.
Viele Grüße, Seinfeld

[digex]

Venture Capital Chasing Energy
Venture Capital Chasing Smaller Companies in Energy Technology Sector
By JUSTIN POPE
AP Business Writer
BOSTON (AP) -- Not so long ago, investing in the energy industry meant buying pieces of oil wells, hydroelectric dams and big, clunky utility companies.


But power deregulation broadened the possibilities, and the headlines from the California power crisis have drawn entrepreneurs and investors into the sector.

While traditional energy companies are attracting most of the attention, there`s growing interest in smaller companies in an emerging sector called ``energy technology:`` software, microturbines, Web-based electricity trading, and more.

The companies and venture capitalists are after the ``$300 billion jump ball`` made possible by electricity deregulation, said Todd Klein, managing director of Kinetic Ventures, a Chevy Chase, Md.-based VC firm.

Their monopolies gone, power companies are being forced to improve productivity. Start-ups are trying to help with a new generation of high-tech gadgets.

Meanwhile, technology companies are demanding cheaper and more reliable power sources. Entrepreneurial talent is drifting to energy, and several technologies developed in government labs are now commercially viable.

``We have been following these technologies 10 years, and they never were anything more than science experiments,`` said Jeff Miller of Boston`s Beacon Group, which manages $1.6 billion in two energy VC funds. ``Now you`ve got the demand coming from the marketplace and very serious managers with very focused business plans.``

Offsetting the flurry of enthusiasm is tighter funding from the VCs. According to research firm Venture Economics, 77 companies took in more than $1.2 billion in funding in the sector last year, but so far this year just 17 companies have raised a total of $132 million.

David Lincoln, founder of EnerTech Capital in Wayne, Pa., told entrepreneurs at a recent tech conference in Boston that nobody is in a hurry to make deals, and the conditions that VCs impose now ``were virtually unheard of 18 months ago.``

The California power crisis has grabbed the attention of the entire investment community -- every major investment bank is now tracking a sector.

``Everybody`s backing out of the dot-coms and telecoms,`` said Bradley Johnson, president of Washington-based Pepco Technologies. ``They`re saying the next new thing is energy, but they haven`t figured it out yet.``

They are chasing some minor success stories like Chatsworth, Calif.-based Capstone Turbine Corp. [NasdaqNM:CPST - news], which makes freestanding microturbines that allow businesses to produce their own electricity. Company shares have traded as high as $100, but have fallen to under $20, and the company still hasn`t turned a profit.

The next little thing is on the minds of VCs as much as the next big one. That means technologies that don`t necessarily revolutionize how electricity is produced so much as help traditional companies produce it and customers use it more efficiently.

``With the events which occurred in California and which are threatening to occur in other parts of the company, people are focused on immediate solutions to those problems,`` Klein said.

These solutions include systems to help companies manage their electrical use and flywheels that store electricity on site to guarantee a steady stream of power to sensitive equipment. Other companies target the power companies themselves, with everything from software to satellite meter-readers.

At the venture capital level, backers tend to be looking for smaller investments and quicker returns. That`s been an obstacle for some early-stage ``green`` companies.

``Everybody`s supply-side,`` lamented R.W. Cushing, an entrepreneur whose Austin, Texas, alternative energy marketing company got the cold shoulder from VCs at the Boston tech conference. ``Nobody thinks in demand terms.``

But in fact, alternative energy firms raised $2 billion last year from IPOs and VCs, according to research firm Clean Edge, based in Oakland, Calif.

Renewable energy requires deep pockets and patience, and tends to be backed by big power companies that, if they can make alternative energy work, have the infrastructure in place to distribute it.

Many big power companies are ensuring that they get the needed technology by backing start-ups themselves. Houston-based conglomerate Enron Corp. (NYSE:ENE - news), for instance, has invested $90 million in 12 companies it sees as strategic partners.

``I don`t think there is a dearth of interest or investment in renewable technologies,`` Lincoln said. ``(But)... the reason why you see such a strong level of interest in helping the supply-side companies is, right now, that`s where the capital is being spent.``

[panik]

The IT Group Announces World`s First Commercial Capstone Microturbine Landfill Gas System for Burbank, California
PITTSBURGH, July 31 /PRNewswire/ -- The IT Group, Inc. (NYSE: ITX - news) and Capstone Turbine Corporation (Nasdaq: CPST - news), announced today that EMCON/OWT Solid Waste Services, a unit of The IT Group, has installed the world`s first commercial Capstone Microturbine(TM) landfill gas system at the City of Burbank`s landfill in California. The 10-microturbine system will generate approximately 300 kilowatts of gross electricity at the site that will be sold to the local grid through the City of Burbank Water and Power agency.

According to Dennis N. Galligan, president of Solid Waste Services for The IT Group, ``Burbank`s new microturbine system became fully operational on July 13, 2001. The commissioning and fine-tuning process will continue, but initial results are extremely positive. Approximately 160 cubic feet/minute of landfill gas is now being diverted from the landfill flare and is generating up to 300 kilowatts of green power.``

The Capstone MicroTurbine uses scaled-down jet engine technology to generate electricity cleanly from propane, biogas, natural gas, and other fuels. EMCON/OWT is a distributor and integrator of Capstone Turbine Corporation`s microturbine power systems to the biogas market, which includes landfills, wastewater treatment plants and anaerobic digesters. A single microturbine generates about 30 kilowatts of electricity. Multiple units can be arrayed at a single site, offering customized solutions for facility owners for loads ranging from less than 30 kilowatts to several megawatts.

Under its distributorship agreement, The IT Group`s EMCON/OWT unit provided complete turnkey services to the City of Burbank, including air permitting, site layout and design, installation of the turbines, compressors and ancillary equipment, and checkout and startup. Capstone California, a wholly owned subsidiary and direct sales channel for Capstone Turbine Corporation`s efforts in California, assisted EMCON/OWT with the sale of the microturbines and air permitting. EMCON/OWT will also operate and maintain the system.

According to Bonnie Teaford, P.E., Chief Assistant Public Works Director and City Engineer, ``The City is happy to be once again using the landfill gas for power production. We`re turning our gas into a useful energy source, and helping out in the energy crisis. The microturbines do the job safely, and with very low emissions. EMCON/OWT`s flexibility and ability to deliver the project within the short time frame was impressive.``

``Landfills producing biogas in quantities as little as 15 cubic feet/minute have enough landfill gas to generate all the electricity they normally need to run a landfill weighing station, scale house and a maintenance facility,`` said Mike Michels, P.E., EMCON/OWT national sales manager.

``We`ve had incredible interest from facility owners in the energy-strapped Pacific Coast region,`` Michels added. ``We estimate that Capstone systems usually pay for themselves in about a year in that market. After that, owners should continue to get reliable energy at a cost up to 90% below utility peak rates. In addition to the Burbank site, EMCON/OWT is designing a much larger array of microturbines for another landfill.``

``This is a watershed moment for the biogas industry,`` said Capstone California Senior Vice President Bob Fleet. ``It`s the first of many partnership projects with EMCON/OWT that will turn waste gas into green energy right here in California and across the country. Burbank will serve as an excellent reference model for other forward-focused municipalities throughout the world.``

The Capstone MicroTurbine has just one moving part, uses no oil, lubricants or coolants and is designed to operate at full load 24 hours a day, 365 days a year. In California, traditional diesel generators, due to pollution concerns, are limited to less than 200 hours (about 8 continuous days) of operation per year. Several other states have similar limits. Capstone MicroTurbines are not subject to such limitations, since they emit extremely low levels of nitrogen oxides. This enables businesses and public facilities to generate power onsite at a cost lower than peak rates while effectively conserving power when it is most important to do so.

The biogas industry is a significant market for the microturbine because it uses as fuel gases that are otherwise flared into the atmosphere. Capstone MicroTurbines can destroy these greenhouse gases more effectively than flaring, while providing reliable power to motors and other small ancillary loads typically located at remote landfills.

Capstone Turbine Corporation ( http://www.microturbine.com ) (Nasdaq: CPST - news) -- winner of the Financial Times Energy`s 2000 Global Energy Award for Most Innovative Commercial Technology -- is a leading producer of low-emission microturbine systems. In 1998, Capstone was the first to offer commercial power products utilizing microturbine technology, the result of more than ten years of focused research. Worldwide, more than 1,000 commercial production Capstone MicroTurbine systems serve, among others, the following applications:


-- Hybrid electric vehicles (HEVs): onboard generation.
-- Resource recovery: converting oilfield, landfill and sewage waste gases
into electricity.
-- Micro-cogeneration: combined heat/power/chilling solutions.
-- High level power reliability needs of "mission critical" businesses:
arrays of microturbines, with one or more "redundant" systems, can
provide 99.9999% or higher reliability, compared to 99.9% levels
offered by utility power.


Capstone California, a wholly owned subsidiary of Southern California- based Capstone Turbine Corporation is headquartered in the Los Angeles suburb of Woodland Hills with satellite offices in Orange County, Sacramento and offices opening soon in San Diego and the Silicon Valley. As a direct sales conduit, Capstone California offers one-stop turnkey expertise from site survey and custom application design to engineering consultation, full service project management and after sales support exclusively for the Capstone MicroTurbine family of products.

The IT Group addresses the infrastructure and environmental needs of both private and public sector clients as a leading provider of diversified services, including engineering, consulting, facilities management, water, construction, remediation, liability transfer and information management. EMCON/OWT Solid Waste Services is a unit of The IT Group that provides integrated solid waste services to public and private sector clients. Additional information about The IT Group can be found on the Internet at http://www.theitgroup.com . Additional information about EMCON/OWT can be found on the Internet at http://www.emconinc.com . The IT Group`s common stock and depositary shares are traded on the New York Stock Exchange under the symbol ITX and ITXpr, respectively.

Statements of The IT Group`s (the Company) or management`s intentions, beliefs, expectations or predictions denoted by the words ``anticipate,`` ``should,`` ``believe,`` ``expect`` and similar expressions are forward-looking statements that reflect the current views of the Company and its management about future events. They are subject to certain risks, uncertainties and assumptions. The Company`s actual results could differ materially from those projected in such forward-looking statements as a result of a number of factors including competition and pricing pressures, bidding opportunities and success, project results, funding of backlog and industry-wide factors.

SOURCE: The IT Group

[panik]

Capstone MicroTurbine Powering Tomoe`s TurboLoco Light Rail Vehicles
Japan`s Leading Electric Locomotive Manufacturer Offering Specialized Capstone-Powered Light Rail Prime Movers
CHATSWORTH, Calif.--(BUSINESS WIRE)--Aug. 6, 2001-- Capstone Turbine Corp. (www.microturbine.com; Nasdaq:CPST - news) has signed an original equipment manufacturer agreement with Tomoe Electro-Mechanical Engineering Inc. (www.tomoedenki.co.jp) of Tokyo. Tomoe is Japan`s leading manufacturer of battery-powered locomotives.

Tomoe developed a unique servomotor powertrain for locomotives used in tunnel-making, particularly in the construction of the Tokyo Bay Bridge and roads. For tunneling and other industrial uses, locomotives must maintain constant speed regardless of incline or decline of terrain for operational safety.

However, range, as well as more extreme terrain angles, were limitations of Tomoe`s battery-powered locomotives. Added weight of additional batteries would consume more power.

``Tomoe is using Capstone MicroTurbines to recharge the batteries while in motion,`` said Dr. Ake Almgren, president and CEO of Capstone Turbine. ``This allows them to lighten the weight of their innovative TurboLoco by reducing the number of batteries. It also provides added range and added power to perform at steeper inclines than is possible with their battery-only locomotives.``

In March, Tomoe demonstrated its first Capstone-energized 12-ton TurboLoco to a group of more than 200 media, industry and political representatives.

Capstone MicroTurbines have been used in a number of hybrid electric vehicles, primarily buses, for several years. They effectively address range, passenger payload and terrain limitations of electric-only vehicles while providing the rapid acceleration and hill-climbing capabilities of traditional engine vehicles, but with about half the fuel consumption.

Traditional reciprocating engine-generator sets are not used by Tomoe due to high emissions levels. In hybrid electric vehicle applications like this, Capstone MicroTurbines have been certified by the most stringent authority on emissions, the California Air Resources Board, as being the lowest emitting diesel, propane and natural gas fueled engine ever certified by CARB (see www.microturbine.com/whatsNew/pressrelease.asp?article=66).

About Tomoe

Tomoe Electro-Mechanical Engineering Inc. (www.tomoedenki.co.jp) is based in Tokyo. Tomoe`s engineering and manufacturing activities span factory automation equipment, automatic guided vehicles and other specialized electric-powered vehicles. Tomoe vehicles are widely used in Japan and the Far East.

About Capstone Turbine

Capstone Turbine Corp. (www.microturbine.com) -- winner of Financial Times Energy`s (www.ftenergy.com) 2000 Global Energy Award for Most Innovative Commercial Technology -- is a leading producer of low-emission microturbine systems. In 1998, Capstone was the first to offer commercial power products utilizing microturbine technology, the result of more than 10 years of focused research.

Capstone has shipped more than 1,700 microturbines to customers worldwide. These systems serve, among others, the following applications:

Hybrid electric vehicles (HEVs): onboard generation
Resource recovery: converting oilfield, landfill and sewage gases into electricity
Micro-cogeneration: very high efficiency combined heat/power/chilling solutions
The 9s market: power quality and reliability
This news release contains ``forward-looking statements,`` as that term is used in the federal securities laws, about Capstone`s business, including statements regarding anticipated benefits of hybrid electric vehicles and other such statements. Readers can find many of these statements by looking for words such as ``believes,`` ``expects,`` anticipates,`` ``estimates,`` or similar expressions. These forward-looking statements are subject to numerous assumptions, risks and uncertainties that may cause Capstone`s actual results to be materially different from any future results expressed or implied in such statements. These risks and uncertainties, such as Capstone`s ability to complete the development efforts noted in the above, include those risks, uncertainties, marketplace competitors and risk factors identified, among other places, under ``Business Risks`` in Capstone`s Annual Report (www.corporate-ir.net/ireye/ir_site.zhtml?ticker=cpst&script=2100) on Form 10-K for the year ended Dec. 31, 2000. Capstone cautions readers not to place undue reliance on these statements, which speak only as of the date of this release. Capstone undertakes no obligation to release any revisions to such statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.

Note: Information and high-resolution photos on CARB certification is at www.microturbine.com/whatsNew/pressrelease.asp?article=66.


--------------------------------------------------------------------------------
Contact:

Capstone Turbine Corp., Chatsworth
Keith Field, 818/734-5465
or
The Financial Relations Board/BSMG Worldwide, Los Angeles
Tony Rossi, 310/966-5500 (Investor Media)
or
Edelman Worldwide
Jennifer Reese, 323/202-1061 (General Media)

[digex]

jetzt nachkaufen?
oder nicht?

[panik]

FuelCell Energy Begins Operation of High Efficiency FuelCell/Microturbine Power Plant
DANBURY, Conn.--(BUSINESS WIRE)--Aug. 16, 2001--FuelCell Energy, Inc. (NASDAQ: FCEL - news) reached a significant milestone by commencing operations of a DFC/T (TM) power plant based on a 250 kW Direct FuelCell® (DFC®) integrated with a Capstone Turbine Corporation (NASDAQ: CPST - news) modified Model 330 Microturbine.

The combined system does not require any combustion in the turbine. The first-of-a-kind test of the high-efficiency DFC/T (TM) power plant is being funded by the U.S. Department of Energy through its Office of Fossil Energy. The cooperative agreement is managed by the National Energy Technology Laboratory (NETL) as part of the DOE`s Vision 21 program.

An objective of the Vision 21 Program is to develop power plants that would generate electricity with net efficiencies approaching 75 percent (with natural gas), while producing sulfur and nitrogen oxide emissions of less than 0.01 lb/million BTU. These goals are significant improvements over conventional power plants, which are 35-60 percent efficient and produce emissions of 0.07 to 0.3 lb/million BTU of sulfur and nitrogen oxides. The nitrogen oxide and sulfur emissions from the DFC/T system are anticipated to be better than the Vision 21 goals due to the non-combustion features of the DFC/T power plant. The expected high efficiency of the DFC/T will also result in a 40 - 50 percent reduction in carbon dioxide emissions compared to conventional power plants.

The DFC/T power plant is based on FuelCell Energy`s innovative design for ultra high efficiency systems. At the core of this power plant design is the Company`s commercial DFC fuel cell technology. The system extends the potential fuel savings and positive environmental attributes of the DFC by combining a non-fired gas turbine and a network of heat exchangers, resulting in extra electricity and adding significantly to the already high efficiency of the DFC. Features of the DFC/T system include: high efficiency, minimal emissions, simplicity in design, direct reforming internal to the fuel cell, no pressurization of the fuel cell, independent operating pressure of the fuel cell and turbine, and potential cost competitiveness with existing combined cycle power plants at much smaller sizes.

The DFC/T power plant began operating July 31, 2001, and the test program is expected to last several months. The power plant is designed to operate in a dual mode: as a standalone fuel cell system or in combination with the microturbine. Instead of fuel, heat generated by the fuel cell is used to drive the modified Capstone Microturbine to generate additional electricity. This proof-of-concept demonstration will provide information to design a 40 MW DFC/T power plant that can approach the 75 percent efficiency goal as specified by the Vision 21 program, as well as serve as a platform for a high efficiency DFC/T in smaller sizes for retail power applications.

``The commencement of operation of this 250 kW fuel cell and microturbine demonstration is very exciting for us,`` said Jerry D. Leitman, president and CEO of FuelCell Energy. ``Such a high efficiency, low-emission system represents a potentially powerful addition to our product line and opens up another innovative choice for high efficiency generation of both retail and wholesale power.``

``We are pleased at the progress of this joint project and believe there is great potential in very high efficiency fuel cell/microturbine systems. This project takes advantage of the ultra-low emissions of both technologies and is an important milestone toward commercially viable fuel cell/turbine products,`` said Dr. Ake Almgren, president and CEO of Capstone Turbine.

``Our Vision 21 program aims to integrate multiple advanced technologies in order to create systems that achieve breakthrough improvements in performance and cost. Fuel cell - turbine integration is a key part of that strategy,`` said NETL fuel cells product manager, Dr. Mark Williams. `` The data and the experience gained in start up, transient and continuous operation of the power plant will be incorporated into the conceptual design of larger MW-scale power plants suitable for inclusion in a Vision 21 system.``

About Direct FuelCells

Direct FuelCells® (DFC®) generate electricity with no combustion. They are, in-effect, like large continuously operating batteries that generate electricity as long as fuel, such as natural gas, is supplied. Since the fuel is not burned, there is no pollution commonly associated with the combustion of fossil fuels. Also, the high efficiency leads to more electric power from less fuel and with less carbon dioxide emissions. DFC technology eliminates external fuel processing to extract hydrogen from a hydrocarbon fuel. This results in a product whose cost, combined with high efficiency, simplicity and reliability, results in product advantages for stationary power generation.

About FuelCell Energy, Inc.

FuelCell Energy, Inc. (www.fuelcellenergy.com), based in Danbury, Connecticut, is a world-recognized leader for development and commercialization of high efficiency fuel cells for electric power generation. The Company has been developing DFC technology for stationary power plants with the U.S. Department of Energy through the National Energy Technology Laboratory, whose advanced fuel cell research program is focused on developing a new generation of high performance fuel cells that can generate clean electricity at power stations or in distributed locations near the customer, including hospitals, schools, data centers and other commercial and industrial applications.

About Capstone Turbine

Capstone Turbine Corporation (www.microturbine.com) is a leading producer of low-emission microturbine systems. In 1998, Capstone was the first to offer commercial power products utilizing microturbine technology, the result of more than ten years of focused research. Capstone has shipped more than 1,700 microturbines to customers worldwide. These systems have logged more than 1,000,000 hours of commercial operation serving, among others, the following applications:

-- Hybrid electric vehicles (HEVs): onboard generation

-- Resource recovery: converting oilfield, landfill and sewage gases

into electricity

-- Micro-cogeneration: combined heat/power/chilling solutions

-- The 9s market: power quality and reliability

This press release contains forward-looking statements, including statements regarding the Company`s plans and expectations regarding the development and commercialization of its fuel cell technology. All forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Factors that could cause such a difference include, without limitation, the risk that commercial field trials of the Company`s products will not occur when anticipated, general risks associated with product development, manufacturing, changes in the utility regulatory environment, potential volatility of energy prices, rapid technological change, and competition, as well as other risks set forth in the Company`s filings with the Securities and Exchange Commission. The forward-looking statements contained herein speak only as of the date of this press release. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statement to reflect any change in the Company`s expectations or any change in events, conditions or circumstances on which any such statement is based.


--------------------------------------------------------------------------------
Contact:

Investor:
FuelCell Energy, Inc., Danbury
Joseph G. Mahler, 203/825-6000
[e-mail]
or
Media:
Baker Communications Group
Bill Baker, 860/350-9100
[e-mail]

[panik]

Capstone MicroTurbines Generate Green Power For Los Angeles Department of Water and Power
Transforming Waste Landfill Gas into New Energy
LOS ANGELES--(BUSINESS WIRE)--Aug. 21, 2001--Capstone California, a wholly owned subsidiary of Capstone Turbine Corp.(Nasdaq:CPST - news), announced the installation of its largest commercial Capstone MicroTurbine(TM) landfill gas system to date is now completed at Los Angeles` Lopez Canyon landfill.

This 50-microturbine system, owned by the Los Angeles Department of Water and Power (LADWP), will convert methane gas collected at the site into 1.5 megawatts of electricity. In its entirety, this project will produce and send back to the grid enough electricity to power about 1,500 homes.

``The microturbine project will create energy from an innovative source and help reduce pollution,`` said David H. Wiggs, LADWP general manager. ``LADWP is proud of this power plant. It shows that thinking outside conventional standards can bring about creative ideas to help us deal with both energy and ecological issues.``

The project represents a unique partnership between the agency and the South Coast Air Quality Management District (SCAQMD).

The SCAQMD is the air pollution control agency for Southern California covering all of Orange County and the metropolitan portions of Los Angeles, Riverside and San Bernardino counties. Nearly half of the state`s entire population, 15 million people, resides in this region.

Funds come from an LADWP commitment to spend $14 million on clean air projects in exchange for the right to exceed state air pollution limits while producing power for California`s tight energy market.

The transformation of landfill methane gas into clean energy will eliminate 10,000 pounds of NOx emissions annually, or the equivalent of removing 500 cars from Southern California highways.

``This project is an example of how we as regulators are able to balance air quality requirements with economic needs during these challenging times,`` said Dr. William Burke, chairman of the SCAQMD.

Bob Fleet, senior vice president of Capstone California and project lead for the Lopez Canyon installation, stated: ``Capstone MicroTurbine power generation systems are clean, simple and efficient energy solutions that can go online in months, not years. The forward-thinking leadership at LADWP and SCAQMD are using our technology to transform a source of pollution into valuable electricity homes and businesses can use, and that is good for everyone.``

This is the largest landfill project undertaken by Capstone to date.

Capstone Turbine Corp.`s microturbine power systems are emerging as a practical and cost-effective technology for North American biogas applications from landfills to wastewater treatment plants and anaerobic digesters -- with this announcement coming just weeks after the city of Burbank commissioned a 10-unit system at its local landfill Aug. 2.

With this commission, Capstone now has almost 100 microturbines in place for biogas applications across North America. A development test site sponsored by the Los Angeles County Sanitation District at its Puente Hills landfill has proven invaluable in the development of this program.

The Capstone MicroTurbine is a versatile, highly efficient, quiet and environmentally beneficial solution for power generation that aims to be virtually maintenance-free and safety assured. The system uses scaled-down jet engine technology to generate electricity cleanly from a variety of gaseous and liquid fuels including propane, natural gas, diesel, kerosene and biogas.

Operating 90 percent cleaner than a diesel generator, the Capstone MicroTurbine is well under the low emission standards set by the SCAQMD for an ultra-clean generator, and impressed the SCAQMD so much that the district is now also a customer.

Mike Tingus, president of Capstone California, added: ``Biogas applications are a natural market for our microturbine because waste gases that are otherwise flared into the atmosphere can be utilized essentially as free fuel for the system. The Capstone MicroTurbine can destroy these greenhouse gases more effectively than flaring, and the electricity generated can go back into the grid. It`s good for the community, good for the environment and good for the utility.``

The Capstone MicroTurbine has just one moving assembly, uses no oil, lubricants or coolants, and is designed to operate at full load 24 hours a day, 365 days a year. In California, traditional diesel generators, due to pollution concerns, are limited to less than 200 hours (about 8 continuous days) of operation per year. Several other states have similar limits.

Capstone MicroTurbines are not subject to such limitations, since they emit extremely low levels of nitrogen oxides. This enables businesses and public facilities to generate power onsite at a cost lower than peak rates while effectively conserving grid power when it is most important to do so.

Capstone Turbine Corp. (www.microturbine.com; Nasdaq:CPST - news) -- winner of the Financial Times Energy`s 2000 Global Energy Award for Most Innovative Commercial Technology -- is a leading producer of low-emission microturbine systems. In 1998, Capstone was the first to offer commercial power products utilizing microturbine technology, the result of more than 10 years of focused research.

Capstone Turbine has shipped more than 1,700 commercial production Capstone MicroTurbine systems to customers worldwide. These systems have logged more than 1 million hours of commercial operation serving, among others, the following applications:

Hybrid electric vehicles (HEVs): onboard generation.
Resource recovery: converting oilfield, landfill and sewage waste gases into electricity.
Micro-cogeneration: combined heat/power/chilling solutions.
Power quality/reliability: arrays of microturbines that can provide 99.9999 percent or higher reliability, compared with 99.9 percent levels offered by average utility power.
Capstone California, a wholly owned subsidiary of Southern California-based Capstone Turbine Corp., has headquarters in the Los Angeles suburb of Woodland Hills with satellite offices in Orange County, Sacramento and offices opening soon in San Diego and the Silicon Valley.

As a direct sales conduit, Capstone California offers one-stop turnkey expertise from site survey and custom application design to engineering consultation, full service project management and after sales support exclusively for the Capstone MicroTurbine family of products.

[panik]

Capstone Turbine Substantially Lowers Sales Expectations for Third Quarter
CHATSWORTH, Calif.--(BUSINESS WIRE)--Aug. 22, 2001--Capstone Turbine Corporation (Nasdaq:CPST - news), a leading producer of low-emission microturbine systems, today announced that it has substantially lowered its expectations for sales of its 30-kilowatt and 60-kilowatt microturbine units during the quarter ending September 30, 2001 and for the full year 2001.

``We reported in our SEC filing for the second quarter that a large portion of our sales occurred during the latter part of that quarter, and that the trend appeared to be continuing into the third quarter,`` said Dr. Ake Almgren, President and CEO of Capstone Turbine Corporation. ``We pointed out then that, as a result, it was difficult for us to forecast the level of sales that might occur in the third quarter. So far during the third quarter, we have not yet begun to see a pickup in our order flow like we experienced in the latter part of the second quarter, while sales during the first half of the third quarter have lagged substantially behind those during the first half of the prior quarter. So we are lowering our expectations today accordingly.

``We believe our microturbines do provide an attractive economic proposition for many of our potential customers in California and elsewhere, in light of the relatively high utility electricity rates that are being projected for the future. But during a period of economic slowdown, the capital investment required to achieve those benefits may have become a more significant factor for some customers. Our sales force has many proposals before potential customers, but in this environment it has become more challenging to estimate the rate at which those proposals will convert to sales. So we are not now in a position to estimate what our sales this quarter will turn out to be. Over the long term, we remain optimistic about our prospects for growth,`` said Dr. Almgren.

The company stated that it anticipates reporting its results for the third quarter on or about October 25, 2001.

About Capstone Turbine

Capstone Turbine Corporation (www.microturbine.com; Nasdaq: CPST) -- winner of Financial Times Energy`s (www.ftenergy.com) 2000 Global Energy Award for Most Innovative Commercial Technology -- is a leading producer of low-emission microturbine systems. In 1998, Capstone was the first to offer commercial power products utilizing microturbine technology, the result of more than ten years of focused research. Worldwide, more than 1,000 commercial production Capstone MicroTurbine systems serve, among others, the following applications:

Hybrid electric vehicles (HEVs): onboard generation
Resource recovery: converting oilfield, landfill and sewage waste gases into electricity
Micro-cogeneration: combined heat/power/chilling solutions
The 9s market: power quality and reliability
Certain statements contained in this release may be deemed to be forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995, and Capstone Turbine Corporation intends that such forward-looking statements be subject to the safe-harbor created thereby. Such forward-looking statements relate to: 1) Capstone`s penetration of its target markets, including its ability to be a part of the solution to California`s power supply issues; 2) the emergence of additional markets for microturbines; 3) demand for microturbines and the ability of the Company to ship its 60-kilowatt systems; 4) the Company`s development of additional microturbine product releases; 5) the Company`s development and initiation of recuperator core manufacturing activities; 6) the impact of production of recuperator cores and the amortization of factory overhead on the Company`s gross margin; and 7) component shortages experienced by the Company and the Company`s ability to overcome such shortages. Capstone cautions that these statements are qualified by important factors that could cause actual results to differ materially from those reflected by the forward-looking statements herein. Such factors include, but are not limited to: 1) market acceptance of Capstone`s technology and products; 2) the size, timing and shipment of individual orders; 3) the ability of Capstone to successfully execute its production and marketing plans; 4) the Company`s ability to develop additional microturbine product releases; 5) the Company`s ability to successfully develop its recuperator core manufacturing processes and expand production capacity; 6) being able to secure adequate supplies of acceptable quality components or experiencing higher than anticipated costs; 7) exposure to product liability or other tort claims; 8) the Company`s ability to control its warranty exposure; 9) the Company`s ability to retain key management and technical personnel; 10) barriers to entry in the marketplace or regulations that may affect the Company`s ability to sell its products; 11) the Company`s ability to protect its intellectual property or if the Company is found to have infringed upon the intellectual property of others; 12) the Company`s ability to operate in a highly competitive market against competitors who have significantly greater resources; and other factors detailed in the Company`s filings with the Securities and Exchange Commission. Capstone cautions readers not to place undue reliance on these 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.


--------------------------------------------------------------------------------
Contact:

Capstone Turbine Corporation
Jeff Watts, 818/734-5300
or
Financial Relations Board/BSMG
Jill Fukuhara, 310/996-7464

[Eva4]

An panic, dein Name passt heute gut zu meinem Empfinden beim Kurssturz meiner Capstones, von denen ich leider recht viele habe.
Vielen Dank für deine Artikel.
Könntest du einmal auf Deutsch in ner Art ZUsammenfassung erklären, warum die Aktie fällt und fällt.
Mein Schulenglisch reicht nicht aus um dei Ad Hocs zu verstehen.
Eva

[digex]

@eva4

die zahlen für das 3.quartal werden noch schwächer als erwartet!
deshalb der kurssturz

[GelbeSeiten]

@eva4
tja wie schon geschrieben werden die Verkaufsergebnisse im 3.Quartal nicht sonderlich berühmt werden.
Das Management betont zwar, daß dem Vertrieb viele Anfragen vorliegen, aber die Kunden aufgrund der allgemein wirtschaftlichen Lage Käufe erstmal zurückstellen.
Zwischen den Zeilen gelesen müßte dies bedeuten, daß mit zunehmender Belebung der Wirtschaft die Käufe wieder ansteigen.

Der Kursverfall der letzten Tage zeigt mE das wohl einige Anleger ( instituionelle und Shorties ) mal wieder besser informiert waren.

Ob es sich "lohnt" zu verbilligen, wird mir im Moment ein Rätsel bleiben.
Ich warte lieber erstmal ab, ob und wo sich ein Boden ausmachen läßt.

Ich finde das Managament hätte diese Meldung zusammen mit den zwei positiven Adhoc der letzten Tage veröffentlichen sollen.
Dann wäre der Absturz mE im Rahmen geblieben.
Oder war dies so beabsichtigt ?

[Herr Nilsson]

Nachdem ich schon mal 30% Miese eingesackt habe meini ich jetzt das es Zeit ist für die hundsgenaue Watchlist.

Sollte es nur irgendein Anzeichen dieser Art geben, dann ist Capstone ein Windhund nach Norden:

a) Stromkrise Teil X
b) Konjunktur
c) Grossauftrag
d) Stabilisierung der Verluste/steigende Umsätze
e) ?

Man wird sehr viel Geld mit Cap verdienen können, wenn man NICHT ZU FRÜH einsteigt.
Holzauge, Nilsson

[panik]

Tuesday October 9, 4:59 pm Eastern Time
Capstone third quarter loss larger than expected
NEW YORK, Oct 9 (Reuters) - Capstone Turbine Corp. (NasdaqNM:CPST - news), a producer of microturbine power systems, on Tuesday projected a wider than expected third quarter loss.

Reporting third quarter shipments of 80 power plants -- and saying 62 were capable of producing 30 kilowatts of electricity while 18 were 60 kilowatt systems -- Capstone said it expects to report revenue in the range of $3.2 million to $3.4 million and post a loss per share of between 16 cents and 18 cents.

Analysts had expected to company to lose between 9 cents and 15 cents in the latest quarter, resulting in a consensus estimate of a 12 cent loss, according to Thomson Financial/First Call.

Citing these preliminary third quarter results, Capstone said it had a negative gross margin of about $2.1 million in the quarter, primarily attributable to factory overhead costs being allocated over a fewer number of units compared with the first and second quarters of 2001. The company`s cash burn rate was about $19 million for the quarter, attributable to an inventory build-up due to slower-than-anticipated sales.

[panik]

Capstone Turbine Announces Third Quarter Results
CHATSWORTH, Calif.--(BUSINESS WIRE)--Oct. 25, 2001--Capstone Turbine Corporation (Nasdaq:CPST - news):

Highlights:

Sales and marketing organization restructured
Capstone California absorbed into Capstone Turbine Corporation
Norman Chambers named to newly created COO position
50-unit order received from Sumitomo Corporation
Capstone Turbine Corporation (Nasdaq: CPST - news), a leading producer of low-emission microturbine systems, today reported revenue of $3.3 million for the third quarter ended September 30, 2001, compared with revenue of $6.2 million for the third quarter of 2000. The Company shipped 80 units in the third quarter of 2001, compared with 211 in the third quarter of 2000. Eighteen of the units in the third quarter of 2001 were 60-kilowatt models and the remaining 62 were 30-kilowatt models.

For the third quarter of 2001, Capstone`s net loss attributable to common stockholders increased to $12.5 million, or $0.16 per share. This compares with a net loss of $8.1 million, or $0.11 per share, in the third quarter of 2000.

``Clearly our performance in the third quarter was a disappointment, both to ourselves and to our shareholders,`` said Dr. Ake Almgren, President and CEO of Capstone Turbine Corporation. ``Capstone is trying to introduce a distinctive new technology, and doing so in a very difficult business environment. We are intensely focused on understanding why this disappointment occurred and we are making changes to address these issues. We understand that we have a great deal of work ahead of us to earn back the trust and respect of shareholders, and please be assured that we are determined to do so.

``Capstone is in the early stages of forging a new industry segment, perhaps an entirely new market in distributed generation, distinct from back-up power. During this period, we receive many individual orders ranging from one to five units, as well as large, program orders ranging from 20 to more than 100 units. Our quarter to quarter results can be somewhat volatile due in part to the fact that these large orders can often be deferred or cancelled, which may have a substantial impact on a particular quarter`s results. This was magnified by the unique circumstances occurring during September, which is the most critical time during the quarter for orders and shipments.

``We believe there were a number of other factors that contributed to the drop-off in demand in the third quarter. First among these factors was the overall deterioration in economic conditions. Given the increased focus that all companies are paying to tightening their capital expenditures, we saw reluctance on the part of potentially large customers to make the investment required to achieve the benefits of our microturbines.

``Secondly, and perhaps most significantly for our efforts within Capstone California, the predicted energy shortages in California have not materialized. We made the investment in Capstone California based on the widely-held expectation that large portions of California would be subject to brownouts and rolling blackouts, motivating large numbers of businesses to adopt the clean, blackout protection capabilities of our microturbine systems. While we have seen substantial interest in our products, the energy crisis did not unfold as expected, and the `fear factor` motivation for making an immediate purchase of a microturbine did not occur. With the current electricity rates, the value proposition is favorable, especially for cogeneration applications. However, we have found that end-users are still reluctant to make the capital expenditure.

``We were also negatively impacted by an uncertain political environment. Potential legislation concerning distributed generation threw the value of an investment in a microturbine into doubt. For example, in February there was legislation signed into law that allowed the public utility commission to suspend direct access at the retail energy level, which many people interpreted as an end to deregulation. Later, legislation was proposed in California that would have imposed fees on businesses utilizing distributed generation to service their electricity needs. Needless to say, the business models that justify distributed generation purchases can be enormously impacted by this type of legislation. With regard to new legislation, California appears to be moving more directly in support of small, clean distributed generation technologies. We hope that future actions will provide more clear guidance regarding the continued support of clean distributed generation, such as the Capstone MicroTurbine,`` said Dr. Almgren.

Operational Changes and Key Personnel Additions

Capstone announced that it has taken a number of steps designed to improve its performance going forward. The Company has reorganized its domestic sales organization including consolidating its market channels to provide better coordination and support for its distributor network. In addition, Capstone California will no longer operate as a separate entity and has been absorbed into Capstone Turbine Corporation. Key sales resources have been redeployed across the United States to provide a presence closer to customers. Capstone has also added a focused group of business developers to target key vertical markets, such as process manufacturing and supermarkets.

Outside of the United States, Capstone is adding dedicated resources to manage and develop selected international markets where it sees significant early potential. These markets include South America, Asia, Europe and Canada.

``As we continue to define the distributed generation markets, we are rapidly learning how to better deploy our product and value propositions,`` said Dr. Almgren. ``For example, this year we have expanded significantly into biogas applications. We have also made progress in achieving our industry leading UL-1741 certification and we are working with various utilities to help establish grid connection standards, particularly in California, New York and Japan, to eliminate interconnection issues as an obstacle for purchase.

``Organizationally, we are fortunate to be a small and very flexible company that is able to quickly adapt, act on our market feedback and make changes to our approach. From a marketing perspective, we have organized our most experienced staff into groups focused on driving our core, highest value-added applications into the commercial markets. These groups will focus on micro-cogeneration, biogas, oil and gas exploration and production, power quality and reliability, and hybrid electric vehicles, and will provide the backbone expertise to guide and support our sales efforts,`` said Dr. Almgren.

Capstone also announced the addition of energy industry management executive Norman Chambers for the newly-created position of Chief Operating Officer, effective November 1. Mr. Chambers has more than 25 years of experience in the oil and gas industry. He was most recently the Chief Executive Officer of Petrocosm Corporation, a former business-to-business e-commerce energy marketplace backed by ChevronTexaco, Crosspoint Venture Partners, Ariba and National Oilwell. Prior to joining Petrocosm, Mr. Chambers enjoyed a 15-year career with Haliburton Companies where he served in various executive leadership positions at business unit and corporate levels.

Chambers will cement the new sales and marketing organizational changes and also be responsible for driving internal improvements in the development and manufacture of the Company`s line of microturbine energy systems and ancillary product offerings.

``We believe that the new role of Chief Operating Officer will bring greater focus from an execution perspective, while enabling me to better define the strategic direction of Capstone,`` said Dr. Almgren. ``Norm is ideally suited to fill this role given his extensive experience in the oil and gas industry, which is one of our major target markets, extensive international experience, as well as a long track record of operational performance and of developing new business opportunities.``

Expense Management

In recognition of the impact of the economic slowdown on the Company`s cash utilization rate, management has implemented a number of cost reduction measures and other initiatives designed to manage its use of cash. These measures include a selective headcount reduction. The Company has also implemented strict inventory management and control procedures to begin to reduce inventory levels.

Product Development

Capstone continued to hit its product development milestones in the third quarter, most notably introducing its Model C60 multipack capability, which allows the Company to serve power requirements of greater than one megawatt.

The Company`s long-term product development is focused on the advanced microturbine program, which is partially financed by the U.S. Department of Energy. Capstone is also working on the even higher thermal efficiency that can be achieved in microturbine systems designed for cogeneration. During the third quarter, the Company was awarded a $3 million contract by the Department of Energy for development of cogeneration systems with an emphasis on microturbines combined with absorption chillers.

Another promising concept for high efficiency electric power generation is hybrid fuel cell/microturbine systems, and Capstone`s joint effort with FuelCell Energy to develop a hybrid fuel cell/microturbine system for stationary power generation continues to progress well. On August 16th, FuelCell Energy announced that it had commenced operation of its fuel cell/microturbine hybrid power plant. This power plant combines FuelCell Energy`s 250-kilowatt system with a modified Capstone Model 330 MicroTurbine to achieve very high electrical efficiencies. The program is being funded by the Department of Energy`s Vision 21 program.

Financial Highlights

In the third quarter of 2001, gross margin was negative $2.1 million, compared with a negative $1.1 million gross margin in the same period of 2000. The decline in gross margin is primarily attributable to factory overhead costs, including costs associated with the Company`s recuperator core assembly facility, being allocated over a fewer number of units. This decline was partially offset by a larger number of shipments of the Company`s 60-kilowatt system, which yields a higher gross margin.

Research and development expenses decreased to $2.5 million, compared with $3.0 million in the third quarter of 2000. R&D expenses primarily related to the Company`s efforts to expand the functionality of its 60-kilowatt family of products. R&D expenses are reported net of contract offsets such as the U.S. Department of Energy advanced microturbine program. Contract offsets were $1.0 million in the third quarter of 2000.

Selling, general and administrative (SG&A) expenses increased to $9.2 million, compared with $7.2 million in the third quarter of 2000. This increase is primarily attributable to the continued expansion of the Company`s sales and marketing organization and increased legal expenses supporting its patent prosecution efforts.

The Company continues to be in an exceptionally strong financial position. As of September 30, 2001, Capstone had approximately $181.7 million in cash and cash equivalents, and no long-term debt. The Company used approximately $18.7 million in cash during the third quarter of 2001, compared with approximately $17 million in the second quarter of 2001.

The increase in Capstone`s cash utilization rate was primarily the result of increased inventory build-up, as the Company prepared to respond to the levels of demand that were projected earlier this year. Inventory increased to $27.0 million at the end of the third quarter, compared to $16.5 million at the end of the second quarter. Inventories include $7.7 million of finished microturbine systems ready for shipment.

``Clearly our cash utilization rate is a concern and we have already taken steps to bring costs in line with sales levels, and we will continue to aggressively manage our cost structure going forward,`` said Jeff Watts, Chief Financial Officer. ``At this point we feel there is little danger of inventory obsolescence, and we expect to be able to reduce our use of cash over the next few quarters as we work through the inventory on hand to fill the orders we receive.``

In the third quarter, Capstone collected a net $7.2 million of accounts receivable, leaving a balance of $7.6 million as of September 30, 2001. The collection of Department of Energy receivables, which total $1.0 million, was impacted by occurrences in September causing the temporary interruption of business and closure of certain federal office buildings responsible for processing payments. The Company also has about $600,000 of receivables from two foreign distributors secured by irrevocable letters of credit, which have little risk associated with them, that will be negotiated upon receipt of goods in foreign countries. The Company does not anticipate any significant bad debt write-offs arising out of its receivables.

Outlook

``With nearly all of our reorganization efforts now behind us, we feel that we are entering the fourth quarter well prepared to address our markets in this depressed economic climate,`` said Mr. Watts. ``We are already off to a good start in the fourth quarter, and we currently have scheduled to ship 104 microturbine systems during the quarter, split evenly between 30- and 60-kilowatt models. Visibility beyond this continues to remain clouded, although we expect to have significant improvement over the last quarter.``

The Company announced that it has received a 50-unit order for 60-kilowatt microturbines from Sumitomo Corporation in Japan. These microturbines will be used by a customer of Sumitomo`s for an industrial application that integrates the extremely clean exhaust heat of the Capstone MicroTurbine directly with the customer`s industrial process to provide a very high value application. This sale highlights a trend of continuing demand from the Japanese market, and the Company anticipates similar applications emerging as it continues to educate the mass market about the flexibility and high value aspects of the Capstone MicroTurbine.

``In addition, we expect that our business partner Cummins will introduce their Capstone-powered stationary microturbine power system in the North American marketplace during the fourth quarter, and the program appears very promising,`` said Mr. Watts. ``Given Cummins` leadership position in the power generation equipment market, we anticipate that this will have a positive impact on our results going forward.``

Conference Call and Webcast

In conjunction with Capstone Turbine Corporation`s third quarter earnings announcement, members of the public are invited to listen to the Company`s live quarterly conference call on the Internet on Thursday, October 25, 2001 at 4:30 PM Eastern/1:30 PM Pacific. To hear the call, simply log on at the Company`s Web site at www.microturbine.com and go to the Investor Relations Web page.

About Capstone Turbine

Capstone Turbine Corporation (www.microturbine.com; Nasdaq: CPST) is the world`s leading producer of low-emission microturbine systems. In 1998, Capstone was the first to offer commercial power products utilizing microturbine technology, the result of more than ten years of focused research. Capstone Turbine has shipped more than 1,700 commercial production Capstone MicroTurbine systems to customers worldwide. These award-winning systems have logged more than one million hours of commercial operation serving, among others, the following applications:

Hybrid electric vehicles (HEVs): onboard generation
Resource recovery: converting oilfield, landfill and sewage waste gases into electricity
Micro-cogeneration: combined heat/power/chilling solutions
The 9s market: power quality and reliability
Certain statements contained in this release may be deemed to be forward-looking statements as defined by the Private Securities Litigation Act of 1995, and Capstone Turbine Corporation intends that such forward-looking statements be subject to the safe-harbor created thereby. Such forward-looking statements relate to: 1) Capstone`s penetration of its target markets, including its ability to be a part of the solution to California`s power supply issues; 2) the emergence of additional markets for microturbines; 3) demand for microturbines and the ability of the Company to ship its 60-kilowatt systems; 4) the Company`s development of additional microturbine product releases; 5) the Company`s development and initiation of recuperator core manufacturing activities; 6) the impact of production of recuperator cores and the amortization of factory overhead on the Company`s gross margin; and 7) component shortages experienced by the Company and the Company`s ability to overcome such shortages. Capstone cautions that these statements are qualified by important factors that could cause actual results to differ materially from those reflected by the forward-looking statements herein. Such factors include, but are not limited to: 1) market acceptance of Capstone`s technology and products; 2) the size, timing and shipment of individual orders; 3) the ability of Capstone to successfully execute its production and marketing plans; 4) the Company`s ability to develop additional microturbine product releases; 5) the Company`s ability to successfully develop its recuperator core manufacturing processes and expand production capacity; 6) being able to secure adequate supplies of acceptable quality components or experiencing higher than anticipated costs; 7) exposure to product liability or other tort claims; 8) the Company`s ability to control its warranty exposure; 9) the Company`s ability to retain key management and technical personnel; 10) barriers to entry in the marketplace or regulations that may effect the Company`s ability to sell its products; 11) the Company`s ability to protect its intellectual property or if the Company is found to have infringed upon the intellectual property of others; 12) the Company`s ability to operate in a highly competitive market against competitors who have significantly greater resources; and other factors detailed in the Company`s filings with the Securities and Exchange Commission. Capstone cautions readers not to place undue reliance on these 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 TURBINE CORPORATION
CONSOLIDATED BALANCE SHEETS


Assets December 31, September 30,
2000 2001
(Unaudited)
Current Assets:
Cash and cash equivalents $ 236,947,000 $181,692,000
Accounts receivable, net of
allowance for doubtful accounts
of $85,000 at December 31, 2000
and $131,000 at September 30, 2001 3,664,000 7,561,000
Inventory 14,123,000 26,981,000
Prepaid expenses and other
current assets 1,689,000 1,792,000
Total current assets 256,423,000 218,026,000

Equipment and Leasehold Improvements:
Machinery, equipment and furniture 13,664,000 22,347,000
Leasehold improvements 3,055,000 9,155,000
Molds and tooling 1,331,000 4,277,000
18,050,000 35,779,000
Less accumulated depreciation
and amortization 6,434,000 7,874,000
Total equipment and leasehold
improvements 11,616,000 27,905,000

Deposits on fixed assets 6,649,000 1,977,000
Other assets 302,000 243,000
Intangible assets, net 27,028,000 23,308,000
Total $ 302,018,000 $ 271,459,000

Liabilities and Stockholders` Equity

Current Liabilities:
Accounts payable $ 4,728,000 $ 5,020,000
Accrued salaries and wages 1,135,000 1,156,000
Other accrued liabilities 1,282,000 3,193,000
Accrued warranty reserve 5,589,000 4,454,000
Deferred revenue 4,064,000 2,199,000
Current portion of capital lease
obligations 1,497,000 1,281,000
Total current liabilities 18,295,000 17,303,000

Non-current Liabilities:
Long-term portion of capital
lease obligations 3,999,000 2,864,000
Other long-term liabilities 342,000 511,000
Total non-current liabilities 4,341,000 3,375,000

Commitments and Contingencies -- --

Stockholders` Equity:
Common stock, $.001 par value;
415,000,000 shares authorized;
75,771,303 and 77,014,259 shares
issued and outstanding at Dec. 31,
2000 and Sept. 30, 2001, respectively 76,000 77,000
Additional paid-in capital 516,738,000 520,353,000
Accumulated deficit (237,432,000) (269,649,000)
Total stockholders` equity 279,382,000 250,781,000
Total $ 302,018,000 $ 271,459,000


CAPSTONE TURBINE CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)

Three Months Ended
September 30,
2000 2001

Revenues $ 6,197,000 $ 3,346,000
Cost of Goods Sold 7,278,000 5,468,000
Gross Loss (1,081,000) (2,122,000)

Operating Costs and Expenses:
Research and development 2,953,000 2,512,000
Selling, general and administrative 7,203,000 9,210,000

Total operating costs and expenses 10,156,000 11,722,000

Loss from Operations (11,237,000) (13,844,000)

Interest Income 3,385,000 1,485,000
Interest Expense (197,000) (137,000)
Other Income (Expense) (32,000) 11,000
Loss Before Income Taxes (8,081,000) (12,485,000)
Provision for Income Taxes -- --
Net Loss (8,081,000) (12,485,000)

Preferred Stock Dividends, Accretion,
and Repurchase -- --

Net Loss Attributable to Common
Stockholders $ (8,081,000) $ (12,485,000)

Weighted Average Common Shares Outstanding 74,931,668 76,976,934

Net Loss Per Share of Common Stock
- Basic and Diluted $ (0.11) $ (0.16)


CAPSTONE TURBINE CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)

Nine Months Ended
September 30,
2000 2001

Revenues $ 16,029,000 $ 25,811,000
Cost of Goods Sold 20,658,000 27,033,000
Gross Loss (4,629,000) (1,222,000)

Operating Costs and Expenses:
Research and development 8,416,000 8,171,000
Selling, general and administrative 17,264,000 30,015,000

Total operating costs and expenses 25,680,000 38,186,000

Loss from Operations (30,309,000) (39,408,000)

Interest Income 6,007,000 7,611,000
Interest Expense (733,000) (457,000)
Other Income (Expense) (31,000) 38,000
Loss Before Income Taxes (25,066,000) (32,216,000)
Provision for Income Taxes 1,000 1,000
Net Loss (25,067,000) (32,217,000)

Preferred Stock Dividends, Accretion,
and Repurchase (559,862,000) --

Net Loss Attributable to Common
Stockholders $(584,929,000) $ (32,217,000)

Weighted Average Common Shares Outstanding 36,317,944 76,560,247

Net Loss Per Share of Common Stock
- Basic and Diluted $ (16.11) $ (0.42)



--------------------------------------------------------------------------------
Contact:
Capstone Turbine Corporation
Keith Field, 818/734-5465
or
FRB/Weber Shandwick
Jill Fukuhara, 310/996-7464 (Investor Relations)

[panik]

Principal of Equities Research Department at Banc of America Securities cites Capstone as the leader in the micro-turbine business



67 WALL STREET, New York--October 29, 2001--The Wall Street Transcript has published an in-depth (4,100 words) interview with Ali Agha, Principal in the Equities Research Department at Banc of America Securities, in which he examines the outlook for the sector and shares specific stock recommendations. This interview is part of a 71-page issue featuring 6 analyst interviews and 9 industry/services CEO interviews.


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TWST: How do you define your coverage universe? Is it independent power producers or alternative energy technologies?

Mr. Agha: Actually, I cover both of those areas. Independent power producers (IPPs) refers to unregulated power companies involved in the production and sale of power. Alternative energy technologies (AETs) refers to companies that are involved in the design and manufacture of new sources of power production.

TWST: What falls into the alternative energy technologies group?

Mr. Agha: : It`s a fairly broad definition, and it essentially includes companies that are involved in the manufacturing of equipment that is used for small-scale power production, or what we call distributor generation. This would include equipment like micro-turbines, fuel cells, fly wheels, etc. It is essentially equipment that`s utilized for either primary or backup power needs in a distributor generation scenario where the power equipment is close to the user of that power.

TWST: How much of the domestic power supply is produced in that format today?

Mr. Agha: : A very small amount, since the bulk of the power is still produced by large, centrally located plants that is then sent to end customers via the transmission and distribution infrastructure. However, from a different perspective, if you look at the market on a global scale, and look at the amount of equipment being sold in the end markets that these new technologies are targeting, it is a $135 billion annual market.

TWST: What`s the outlook? As you say, it`s small on a relative basis today, but is it growing?

Mr. Agha: : The overall market is definitely fairly large and growing. I estimate that $135 billion market over the next decade could be as much as $250 billion a year. The question really is how much of that market can be captured by these new technologies. And that question, at this point, is difficult to answer. But it is safe to say that even if these companies were to take only 5% or 10% market share over the next decade, that`s a pretty sizable revenue base for these companies, which are essentially starting from scratch today.

TWST :What`s driving that rapid growth? ?

Mr. Agha: There are a number of secular trends going on in the market that are guiding the growth for alternative energy technology equipment, and I would really boil it down to four key trends. The first one is that while there has been a fair amount of large electric supply capacity increase over the last couple of years, and there are plans to go ahead with more in the next few years as well, there are still transmission constraints that are causing bottlenecks and imbalances between electric supply and demand that cannot be covered just by building large scale power plants. As a result of that, a need is created for these smaller scale power plants that are closer to the end-user. The second thing is that with the ongoing advent of deregulation, customers are now in a position to basically buy power from a variety of sources, including sources that are generating power close to the customer side. And by doing that, they are bypassing the transmission and distribution charges they would have had to pay otherwise. The third driver, which has stalled somewhat currently but should pick up again, is the growth of the Internet economy. I believe that will continue to increase the need for higher quality and reliable power. These technologies and this equipment fit into meeting some of those needs. And the final driver is stricter environmental regulations, both in the transportation and power generation markets. This equipment and these technologies are generally categorized by the fact that they have extremely low emissions. So I think stricter environmental standards will also help in the growth of this sector.

TWST: What types of systems are you including in the alternative power category? ?

Mr. Agha: Alternative energy technologies actually run a fairly wide gamut and in a wide spectrum of markets and equipment. The market can be divided up into four sectors. The first two sectors -- distributed generation and energy storage -- focus on new sources of power production and storage. The other two sectors - enabling technologies and power quality/electronics -- focus on improving the function of existing and new sources of power production and providing the critical tools required to run this equipment. My focus is primarily on the first two sectors. Within these two sectors, new devices include micro-turbines, fuel cells, and fly wheels.

TWST: And, of those, which has the most promise over the next couple of years?

Mr. Agha: I would define the time frame a little longer than just the next couple of years because I think that all of these technologies probably will flourish over the next decade, as opposed to the next year or two. The ones that I think are furthest along are the micro-turbines, which are actually already commercial right now, some of the larger-sized fuel cells that have fairly compelling economics, and even the fly wheels that are selling in small commercial quantities and are being viewed fairly favorably as alternatives to batteries.

TWST: How do you feel about investing in the sector and what are the companies that people should pay attention to?

Mr. Agha: I think in the immediate short term, looking out over the next six to 12 months, I would still remain cautious on the sector for two reasons. The first is that, given the ongoing slowing economy that we`re going through, there has been tremendous pressure on capital expenditure budgets that has caused companies and potential customers to scale back on buying new equipment. And that has clearly impacted the sector. Second, as a result of that, companies have had to scale back their expectations and that has had, obviously, an impact on the cost position as well because, again, you need volume to get your cost down. So it has kind of become a vicious circle, if you will. I believe that we need to get some clarity and visibility of a turnaround and a pickup on the order cycle before we start to get more excited about these companies. I think in the long term, assuming the secular trends that we`ve highlighted do play out, companies like Capstone Turbine (CPST) and FuelCell Energy (FCEL) could be good winners in the space.

TWST: So the demand for this still is economically sensitive?

Mr. Agha: Absolutely. I think that, on the margin, government-driven programs, to the extent that those develop, will get you some initial orders. But ultimately, these are capital equipment items and are impacted by the economy.

TWST: What`s the appeal of Capstone?

Mr. Agha: Capstone is currently the leader in the micro-turbine business. They are probably right now the only company that has a commercial micro-turbine that`s out there in the market. We talked earlier about all the positive attributes of micro-turbines in the large end-market, and Capstone is obviously in a position to capitalize on that. So that would be point number one. And again, I`m talking long term, and not short term. Second, I think there are some fairly unique features to their micro-turbine technology that make it appealing to customers. One of the key drivers of that technology is that it`s multi-fuel. It can be utilized by using natural gas, diesel, propane, methane, and even can be utilized and run on waste gas. So I think that in particular applications, like in landfills or in natural gas exploration and production, where there`s a lot of waste gas that is getting flared in the air, it can be utilized to run this equipment and generate electricity. And that makes the economics clearly very compelling down the road. So that`s the second point.


This interview is part of a 71-page Utilities & Power Companies Issue and this interview is available through The Wall Street Transcript .

The Wall Street Transcript does not endorse the views of any interviewees nor does it make stock recommendations.

For Information on subscribing to The Wall Street Transcript, please call 800/246-7673

[@Alle]

GM To Be Celebrated By AQMD For Installing Solar Power and Microturbine Systems At California Dealerships
General Motors to Also Donate Natural Gas Vans to Four LA-Area Community Groups
SAN FERNANDO, Calif.--(BUSINESS WIRE)--Nov. 4, 2001-- Building on a groundbreaking public-private partnership with the South Coast Air Quality Management District (AQMD), General Motors Corporation (NYSE:GM - news) today announced several major initiatives to bring innovative energy technology to its Southern California dealerships, while helping each dealership reduce its dependence on the state`s electric power grid.

The announcement was made at a joint news conference with the AQMD -- the nation`s largest air district -- on the eve of the agency`s international clean air conference. The actions GM announced today come about through the Community Clean Air Partnership, which the automaker formed last year with the AQMD to help continue the air quality improvement in Southern California.

Among the steps announced today:

Installation of a state-of-the-art solar power system at the new Rydell Chevrolet-Buick-Pontiac-GMC dealership in the city of San Fernando. The project will be funded jointly by General Motors, BP Solar, the California Energy Commission, and the Rydell Automotive Group. The system, made by BP Solar, a division of BP Amoco, will save the dealership about 18,000 kilowatt-hours of electricity each year -- enough energy to fully power three average-sized Southern California homes. It`s believed to be the first solar-power-equipped auto dealership in California.
Installation of advanced microturbine generators at five of GM`s California dealerships, beginning in 2002, through a pilot program GM and its dealers will develop and conduct. The generators, made by Capstone Turbine Corp. (Nasdaq:CPST - news), are powered by natural gas and are certified as ultra-low-emissions. These onsite power generation systems will supply about 500,000 kilowatt-hours of electricity annually to each dealership. Operating at full power, the generators will be able to supply almost all of the dealerships` electricity needs -- thus enabling each to temporarily remove themselves from the state`s power grid, if the need arises.
Donation of four ``bi-fuel`` natural gas passenger vans to Southern California non-profit, community-service organizations. The 2002 Chevy Express vans, certified as ultra-low-emissions vehicles, can be fueled with either gasoline or compressed natural gas. They are being donated to the Desert Community Foundation`s Hidden Harvest Project, a Palm Springs-based food bank; the Rodgers Senior Citizens Center in Huntington Beach; Sylmar Graffiti Busters, an anti-graffiti group based in the San Fernando Valley; and the Mothers of East Los Angeles, which helps at-risk youth stay in school and aim for college.
``We apply advanced technology to make progress through our products, plants and partnerships with governmental agencies such as the AQMD,`` said Dennis R. Minano, GM`s chief environmental officer and vice president -- energy and environment. ``GM is committed to helping Southern California achieve its clean air goals. The use of renewable energy such as solar power is an important element in constructing a sustainable, environmentally sound economy.``

In recognition of GM`s efforts, the AQMD has invited Minano to deliver the keynote address at its first-ever international Clean Air Technologies Conference 2001, to be held November 5-6 at the Disneyland Hotel in Anaheim, where he`ll be joined by a host of international experts working on solutions to air pollution.

Through its Community Clean Air Partnership with the AQMD, GM has undertaken a number of initiatives to help clean the air in Southern California in the last year, including helping retrofit school buses to sharply reduce diesel exhaust emissions and improve the health of school children.

``We`re thrilled that General Motors is doing its part to alleviate electrical grid power consumption and clean the air at the same time,`` said Dr. William A. Burke, Chairman of the Governing Board of the South Coast Air Quality Management District. ``Through its use of solar panels and microturbines, GM leads by example.``

Today`s news conference was held at the new Rydell Chevrolet-Buick-Pontiac-GMC dealership in the city of San Fernando. Wes Rydell, who heads nearly three dozen auto dealerships in nine states in the West and Midwest, said he was grateful that GM chose his new San Fernando dealership to be equipped with the solar power system.

``We`ve always been on the cutting edge of technology, and GM has been the automotive industry`s environmental pioneer for years,`` said Rydell. ``There`s no magic formula to this, but it comes down to the fundamentals -- just teaming up with the right people, ideas and technologies to improve air quality.``

General Motors -- the world`s largest vehicle manufacturer -- designs, builds and markets cars and trucks worldwide. In 2000, GM had revenues of $183.3 billion. The company employs about 372,000 people globally.


--------------------------------------------------------------------------------
Contact:

General Motors
Donn Walker, 805/373-9572
Dave Barthmuss, 313/665-9036
or
AQMD
Laurence Cohen, 310/474-5116
http://cbs.marketwatch.com/news/story.asp?guid=%7B95BA2D43%2…
General Motors announced Sunday that it`ll bring new energy technology to its Southern California dealerships. The world`s largest vehicle manufacturer (GM: news, chart, profile) will install an innovative solar power system at the new Rydell Chevrolet-Buick-Pontiac-GMC dealership in San Fernando, Calif. The system will save the dealership about 18,000 kilowatt-hours of electricity a year, or enough to fully power three average-sized Southern California homes. GM will also install advanced microturbine generators, made by Capstone Turbine (CPST: news, chart, profile), at five of GM`s California dealerships beginning in 2002 and donate four "bi-fuel" natural gas passenger vans to Southern California non-profit organizations.

[panik]

General Motors Employs Capstone MicroTurbines as Part of Environmental Program in California
Microturbine Installations Allow Participating Dealers to Conserve Grid Power, Reduce Energy Costs
CHATSWORTH, Calif.--(BUSINESS WIRE)--Nov. 5, 2001-- As part of its Community Clean Air partnership with the South Coast Air Quality Management District (www.aqmd.gov), General Motors (www.gm.com; NYSE:GM - news) will install Capstone MicroTurbine(TM) power generation systems early next year at GM dealerships in California to reduce energy costs and conserve power consumption from the state`s electric grid.

The initial rollout will involve installation of solar panels made by BP (www.bp.com; NYSE:BP - news) and one or more Capstone 60 MicroTurbine systems at each of five GM dealerships within the state.

The program was unveiled yesterday at the newly constructed Rydell Chevrolet-Buick-Pontiac-GM dealership (www.rydells.com) in San Fernando, Calif.

At the event, Dennis R. Minano, GM vice president of environment and energy and chief environmental officer, said: ``These low-emission Capstone MicroTurbine systems are designed and manufactured right here in the San Fernando Valley.

``California is an important market for GM, so we are very pleased that we can do our part to simultaneously help improve California air quality, support the California economy and reduce demand on the California power grid. And that California GM dealerships can do all this while saving money on their utility bills certainly doesn`t hurt.``

Norman Chambers, who was recently retained by Capstone Turbine Corp. (www.microturbine.com; Nasdaq:CPST - news) as its chief operating officer, said: ``Last December, in Madrid, BP unveiled the world`s most environment-friendly gas station. Solar panels like these cover the canopy above the pumps that deliver BP gasoline and liquefied natural gas products. But the prime power system at that facility is a Capstone MicroTurbine.

``GM and the AQMD have made it possible for us to again join these technologies. We are proud to have the opportunity to work with these three world-class organizations, each renowned for its abiding commitment to making a cleaner environment for us all.

``As its chief operating officer, it is my goal to continue Capstone Turbine`s pioneering work to make clean, efficient, cost-saving energy technology available to municipalities, government entities and businesses of all types here in California, across the nation and around the world.``

Referring to actor and environmentalist Ed Begley, Jr., who moderated the event, Mike Tingus, Capstone`s vice president of U.S. Sales & Business Development, said: ``Two months ago, Ed and I were standing atop a mountain of trash at the Lopez Canyon Landfill just a couple miles north of here.

``We were sharing that mountaintop with 50 Capstone systems, which can turn waste gases from that landfill into enough renewable electricity to support 1,500 homes. Ed, I hope you and I can do this again soon.

``General Motors` effort to introduce innovative, clean alternative energy technologies such as Capstone MicroTurbines into its business practices is exactly the kind of forward-thinking leadership that serves as a model to other businesses.``

Tingus added, ``Following these inaugural installations, it is our hope that more of the nearly 1,000 GM dealerships in California will embrace this cost-saving environmental initiative.``

Capstone MicroTurbines cleanly generate power onsite, reducing grid power consumption, lowering energy costs and providing power reliability and security. The two 60-kilowatt Capstone 60 systems at the Rydell facility will be able to provide all of the dealership`s power needs.

Energy cost savings from Capstone MicroTurbine installations at participating GM dealerships are conservatively anticipated to be at least 15 percent, including natural gas costs.

``We apply advanced technology to make progress through our products, plants and partnerships with governmental agencies such as the AQMD,`` said Minano. ``GM is firmly committed to helping California achieve its clean air goals.``

Capstone MicroTurbines -- which have only one moving assembly and use no oil, lubricants or coolants -- can serve as primary power, add capacity and conserve grid power particularly during peak demand periods.

Unlike standby diesel generator sets, which have air quality runtime limitations of less than 200 hours a year (out of 8,760 hours in a year), low-emission Capstone MicroTurbines can be operated without runtime limitations by being significantly below emissions requirements statewide, nationwide and worldwide.

Capstone systems can be linked together to provide a high-reliability generation array that can serve loads ranging from a few kilowatts to a few megawatts. Exhaust heat can be used for water and facility heating, process drying and even absorption-chiller air conditioning, displacing electric-powered air conditioners.

About Capstone Turbine

Capstone Turbine Corp. (www.microturbine.com) is the world`s leading producer of low-emission microturbine systems. In 1998, Capstone was the first to offer commercial power products utilizing microturbine technology, the result of more than 10 years of focused research. Capstone Turbine has shipped more than 1,800 commercial production Capstone MicroTurbine systems to customers worldwide.

These award-winning systems have logged more than 1 million hours of operation serving, among others, the following applications:

Hybrid electric vehicles (HEVs): onboard generation
Resource recovery: converting oilfield, landfill and sewage waste gases into electricity
Micro-cogeneration: combined heat/power/chilling/drying solutions
The 9s market: power security, quality and reliability
This news release contains ``forward-looking statements,`` as that term is used in the federal securities laws, about Capstone`s business, such as anticipated cost savings and hopes for other car dealerships to utilize Capstone products. These forward-looking statements are subject to numerous assumptions, risks and uncertainties that may cause Capstone`s actual results to be materially different from any future results expressed or implied in such statements. These risk factors are identified, among other places, under ``Business Risks`` in Capstone`s most recent 10-Q Securities and Exchange Commission filing. Capstone cautions you not to place undue reliance on these statements, which speak only as of the date of this release. Capstone undertakes no obligation to release any revisions to such statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.

For publication-quality photos of the Rydell event, see: www.microturbine.com/whatsnew/morePhotos.asp?newsid=145

For information on the Madrid BP station noted above, see: www.microturbine.com/whatsNew/pressrelease.asp?article=56

For information on the Lopez Canyon Landfill project noted above, see: www.microturbine.com/whatsNew/pressrelease.asp?article=137


--------------------------------------------------------------------------------
Contact:

Capstone Turbine Corp.
Keith Field, 818/734-5465
or
Edelman Public Relations
Monique Moret, 323/202-1059
or
Tony Rossi, 310/966-5500 (Investor Relations)
or
General Motors
Donn Walker, 805/373-9572

[panik]

SCAQMD OKs $6.2 Million to Buy, Install Capstone MicroTurbines
Contract Award to Facilitate Power Conservation via Clean Onsite Generation at Facilities Throughout Southern California
CHATSWORTH, Calif.--(BUSINESS WIRE)--Nov. 19, 2001-- The Governing Board of California`s South Coast Air Quality Management District (www.aqmd.gov) approved $6.2 million to purchase and install 30- and 60-kilowatt microturbines and associated equipment from Capstone Turbine Corp. (www.microturbine.com; Nasdaq:CPST - news).

The action taken by the SCAQMD provides a $3.7 million firm purchase order for Capstone microturbines to be shipped in 2001 Q4 and 2002 Q1, $1.65 million approval for installation and related equipment costs, with the remaining $850,000 available for future microturbine purchases.

The announcement follows a separate agreement in April in which the SCAQMD approved $1.74 million to purchase Capstone MicroTurbine(TM) power systems and installation services.

The SCAQMD intends to distribute these California-made low-emission energy systems throughout Southern California. This clean-air technology program, made possible by SCAQMD`s Priority Reserve Fund, will displace older diesel generators and other polluting sources, improving the California environment. The use of Capstone MicroTurbines is intended to allow public facilities to reduce demand on the power grid during peak times, have a backup source of power in case of outage and realize cost savings in the process.

The Priority Reserve Fund was created by the SCAQMD earlier this year to allow new and expanding power plants to purchase particulate offset credits. Funds generated are to be used to reduce particulate emissions in the region.

Capstone MicroTurbines and other clean energy systems were discussed at the Clean Air Technologies conference in Anaheim Nov. 5 and 6, the SCAQMD`s first-ever international conference for public policy makers, industry representatives and other participants active in solving air pollution problems. Capstone MicroTurbines were also debuted at the SCAQMD-General Motors ``Community Clean Air Partnership`` event at a GM dealership in San Fernando on Nov. 4.

Norman Chambers, Capstone`s chief operating officer, said, ``We are delighted to be working so closely with the world leader in air- quality management on projects that help alleviate energy concerns and provide cleaner air for all here in Southern California. This extraordinary endorsement brings increased awareness and validates the benefits of our innovative products. It is our goal to establish similar relationships with other world-leading organizations and businesses in order to bring a new age of clean, efficient, secure and reliable power production to our nation and to nations around the world.``

The SCAQMD will target a number of applications with the microturbines, ranging from replacement of diesel backup generators and inefficient boiler systems at schools, hospitals and other facilities to the use of renewable landfill ``waste`` gases as a fuel source for microturbines.

``Biogas applications of Capstone MicroTurbines deliver a strong value proposition to municipalities while turning a source of pollution into a source of clean power,`` said Mike Tingus, Capstone vice president of U.S. Sales and Business Development.

Tingus was instrumental in establishing the agreements with the SCAQMD. ``Today, the 50 Capstone MicroTurbines that have been installed at Lopez Canyon Landfill will reduce emissions of nitrogen oxides in northern Los Angeles County by more than 10,000 pounds annually. Governor Gray Davis has praised a similar installation of 10 Capstone MicroTurbines in Burbank.``

About Capstone Turbine

Capstone Turbine Corp. (www.microturbine.com) (Nasdaq:CPST - news) is the world`s leading producer of low-emission microturbine systems. In 1998, Capstone was the first to offer commercial power products utilizing microturbine technology, the result of more than 10 years of focused research. Capstone Turbine has shipped more than 1,800 commercial production Capstone MicroTurbine systems to customers worldwide. These award-winning systems have logged more than 1 million hours of operation serving, among others, the following applications:

Hybrid electric vehicles (HEVs): onboard generation
Resource recovery: converting oilfield, landfill and sewage waste gases into electricity
Micro-cogeneration: combined heat/power/chilling/drying solutions
The 9s market: power security, quality and reliability
This news release contains ``forward-looking statements,`` as that term is used in the federal securities laws, about Capstone`s business, such as purchase commitments of third parties and goal to retain similar commitments from other organizations and businesses. These forward-looking statements are subject to numerous assumptions, risks and uncertainties that may cause Capstone`s actual results to be materially different from any future results expressed or implied in such statements. These risk factors are identified, among other places, under ``Business Risks`` in Capstone`s most recent 10-Q Securities and Exchange Commission filing. Capstone cautions readers not to place undue reliance on these statements, which speak only as of the date of this release. Capstone undertakes no obligation to release any revisions to such statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.

For information on the April $1.74 million Capstone agreement with the SCAQMD, see: www.microturbine.com/whatsnew/pressrelease.asp?article=74

For information on the rollout of Capstone MicroTurbines at GM dealerships, see: www.microturbine.com/whatsnew/pressrelease.asp?article=145

For information on the landfill installation noted above, see: www.microturbine.com/lfg


--------------------------------------------------------------------------------
Contact:

Capstone Turbine Corp.
Keith Field, 818/734-5465
Tony Rossi, 310/966-5500 (Investor Relations)
or
Edelman Public Relations
Monique Moret, 323/202-1059

[Wilhem]

Lieber Gott: wann wird es endlich wieder wärmer-18 Grad,
wie lange soll ich noch durchhalten????

[kravitz]

@wilhelm?
sonst geht es dir gut?





UL Certifies 60-Kilowatt Capstone MicroTurbine to 2200 Generator and 1741 Utility Interconnnect Standards
CHATSWORTH, Calif.--(BUSINESS WIRE)--Nov. 28, 2001--Underwriter`s Laboratories Inc. (UL) has certified Capstone 60 grid-connect and stand-alone microturbine power systems as meeting its stringent UL2200 stationary engine generator standard and its UL1741 utility interactive requirements.

Capstone 30- and 60-kilowatt systems are the only microturbine generators to achieve these safety certifications.

The coveted UL-Listed mark indicates compliance with rigorous industry safety standards throughout the United States. It certifies that UL has thoroughly evaluated a product and found it to comply with all of its applicable safety and operational requirements.

The UL2200 standard is a rather recently developed set of criteria for stationary power generators. The standard covers mechanical and electrical safety for stationary engine generator assemblies such as Capstone`s MicroTurbines, ensuring that they can be installed and used in accordance with applicable codes such as the National Electric Code and the Standard for the Installation and Use of Stationary Combustion Engines and Gas Turbines. In most jurisdictions, compliance with UL2200 is required to install and use a stationary power generator.

``In Capstone`s goal to make microturbine power systems appliance-like products for distributed generation, safety of the system must be similar to that of an electric appliance,`` said Capstone President & CEO Dr. Ake Almgren. ``The UL2200 standard and our compliance with it is in line with this vision.``

The UL1741 standard addresses safety concerns related to grid-connected power generators. To ensure grid stability and in case of a ``downed`` power cable, the safety of power line workers, most utilities require that costly ``protective relay`` devices be added and, in many cases, that their own personnel conduct an extensive safety verification study. There are thousands of electric utilities in the United States, and few will accept the safety verification testing of another. These conditions have often made the cost of an onsite generation project prohibitively expensive.

However, a number of utilities have indicated that UL-certified compliance with the UL1741 standard will eliminate the need for both unnecessary hardware and extensive verification studies.

``There must be a certainty of safety for any grid interconnected device,`` Almgren said. ``Grid interconnection safety is built into our system, but understandably, no utility should simply take a manufacturer`s word for it. This landmark certification by the world`s leading independent testing laboratory on electrical safety provides that certainty to utilities and their customers.``

Earlier this year, UL certified Capstone Turbine Corporation`s compliance with ISO 9001, a renowned international quality systems standard.

About UL Approval

The UL mark indicates that a product complies with rigorous safety standards, including being reasonably free from risk of fire, electric shock and related hazards. UL`s independent expert status allows it to be unbiased in determining whether or not a product meets recognized safety standards and whether a manufacturer has minimized reasonable foreseeable risks associated with the product`s use.

About Capstone Turbine

Capstone Turbine Corporation (www.microturbine.com; Nasdaq:CPST - news) is the world`s leading producer of low-emission microturbine systems. In 1998, Capstone was the first to offer commercial power products utilizing microturbine technology, the result of more than ten years of focused research. Capstone Turbine has shipped more than 1,800 commercial production Capstone MicroTurbine systems to customers worldwide. These award-winning systems have logged more than one million hours of operation serving, among others, the following applications:

Hybrid electric vehicles (HEVs): onboard generation
Resource recovery: converting oilfield, landfill and sewage waste gases into electricity
Micro-cogeneration: combined heat/power/chilling/drying solutions
The 9s market: power security, quality and reliability
This news release contains ``forward-looking statements,`` as that term is used in the federal securities laws, about Capstone`s business, such as eliminating unnecessary hardware and verification studies. These forward-looking statements are subject to numerous assumptions, risks and uncertainties that may cause Capstone`s actual results to be materially different from any future results expressed or implied in such statements. These risk factors are identified, among other places, under ``Business Risks`` in Capstone`s most recent 10-Q SEC filing. Capstone cautions you not to place undue reliance on these statements, which speak only as of the date of this release. Capstone undertakes no obligation to release any revisions to such statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.

For previous announcements of UL certifications, see: www.microturbine.com/whatsNew/pressrelease.asp?article=112 and www.microturbine.com/whatsNew/pressrelease.asp?article=30 and www.microturbine.com/whatsNew/pressrelease.asp?article=17

For publication-quality images with captions, see www.microturbine.com/whatsNew/morePhotos.asp?newsid=148

For information on UL`s certification of Capstone to the ISO 9001 quality standard, see www.microturbine.com/whatsNew/pressrelease.asp?article=59

For a current listing of major Capstone product certifications and compliances, see: www.microturbine.com/technology/certifications.asp

For a spec sheet on the Capstone 60 model, see: www.microturbine.com/documents/SpecSheet60high.pdf


--------------------------------------------------------------------------------
Contact:

Capstone Turbine Corporation
Keith Field, 818/734-5465
Financial Relations Board
Tony Rossi, 310/966-5500 (Investor Media)
Edelman Worldwide
Jennifer Reese, 323/202-1061 (General Media)

[Eva4]

Kann mal jemand dass für und wieder Capstone jetzt zu kaufen oder zu verkaufen hier diskutieren.+
Ich schwanke extrem zwischen nachkaufen und verkaufen. Der Aktionär hat die OHNE Stopp im Depot. Im Moment hat der ja meist wieder ein gutes Händchen. was weiss der, ´was wir nicht wissem?
Eva

[kravitz]

hi eva

Ich bin noch nicht eingestiegen,unter 4$ greife ich zu

langfristig liegen laßen
gruß

[thomas555]

@eva,

bin mir im moment nicht sicher wie teif es noch gehen kann.
sehe capstone auf jeden fall als langfristige sache an. nach oben gibt es auf jeden fall viel fantasie.

[Eva4]

Danke für die Antworten. Ist Capstone wirklich eine Langfristanlage????
Eva

[panik]

Capstone Announces Microturbine Endurance Milestones
Early Production Models Operate Near Continuously for 2-3 years
CHATSWORTH, Calif.--(BUSINESS WIRE)--Dec. 10, 2001--Today, at the start of one of the world`s largest power industry events, leading microturbine power system manufacturer Capstone Turbine Corporation (www.microturbine.com; Nasdaq:CPST - news) announced that several of its early production systems have passed crucial endurance milestones.

Four microturbine systems, operating in widely different conditions, have exceeded 18,000, 19,000 and 25,000 hours of near-continuous operation.

All of the systems were early commercial production 30-kilowatt model microturbines. Capstone is the world`s first company to produce microturbine power systems, with commercial shipments beginning in December 1998.

Capstone MicroTurbine serial number 0008 was installed at a Capstone research and development facility in December 1998. It has been running nearly continuously (except for minor routine maintenance, such as air filter changes) for 25,000 hours (there are 8,760 hours in a year).

Capstone MicroTurbine serial number 0029, which is currently running at the University of California, Irvine, exceeded 18,000 hours last month. Capstone MicroTurbine serial number 0019, installed at a Galveston, Texas, office of Southern Union Gas Company (www.southernunionco.com; NYSE:SUG - news) had operated nearly continuously in hot and humid conditions and following daily load patterns since February 1999. It has surpassed 19,500 hours of operation. With the agreement of Southern Union Gas, the Texas system will be systematically disassembled by Capstone engineers and examined for wear and tear.

Capstone MicroTurbine serial number 0053 has been operating nearly non-stop in a remote oilfield in Consort, Alberta, Canada. The unit was stopped briefly in July of this year, after surpassing 16,000 hours of operation, for an air filter replacement. The system now has more than 19,500 hours of runtime operating on wellhead ``waste`` gas as fuel. This waste gas contains two percent H2S, a corrosive gas that can destroy a conventional generator (the Capstone Model 330 MicroTurbine can accept up to 7% H2S content).

Not all installed Capstone MicroTurbines are set to operate continuously, and not all installed systems have operated as robustly as these best-case examples.

Dr. Ake Almgren, Capstone President and CEO, said, ``The performance of these units is very encouraging. Capstone`s targeted design life is 40,000 hours before major overhaul. The high endurance results of these units across a wide variety of applications and geographies is further hard data supporting that we are well under way toward that target.``

Before ``going commercial`` in December 1998, Capstone Turbine manufactured and deployed more than 130 pre-production microturbine power systems. These systems were installed in a wide variety of applications and environments, ranging from operating on challenging waste gases in oilfields from Canada to New Zealand to being installed as an onboard generator in the world`s first microturbine-energized hybrid electric bus. The prototype systems accumulated more than 100,000 hours of combined operation prior to Capstone`s microturbine commercialization.

``Operating a few pre-production units in our test labs was one thing,`` said Capstone Senior Vice-President of Strategic Technology Development Bill Treece. ``But placing units in real-world conditions was where we learned the most lessons. In our opinion, the value of that kind of wide-scale pre-production testing cannot be under-estimated. We took the lessons learned back then, and built them into the world`s first commercially viable microturbine products back in 1998.

``Now that we have built up more than one million hours of combined operation, we have been able to gradually improve the original Model 330 and expand its capabilities. For our newer Capstone 60 model, we incorporated those pre- and post-production learnings. This has resulted in the extremely robust products we offer today,`` Treece said.

``Accumulated learning experience like this is irreplaceable and helps us to improve products which already are market leaders worldwide,`` said Capstone COO Norman Chambers. ``We think our proven performance, reliability and extremely low emissions give us a significant edge over similar sized reciprocating engines and a competitive advantage against other companies hoping to commercialize new microturbine products.``

At Power-Gen This Week

National Capstone distributor Montgomery Watson Harza (www.mwhglobal.com/power.asp) will be displaying a Capstone MicroTurbine in their booth No. 1209 at the international Power-Gen conference and exposition (www.power-gen.com) in Las Vegas tomorrow through December 13. MWH Energy Solutions President Steven Chippas will be leading a conference workshop on Turning Wastewater to Energy via Distributed Generation at 1:30-5 p.m. today at the World of Water Conference (www.worldofwaterexpo.com) being held in conjunction with Power-Gen.

Cummins (www.cummins.com; NYSE:CUM - news) plans to debut their latest power generation offering -- which is driven by the microturbine engine and power electronics of the Capstone 60 -- in their booth No. 5435. With the exception of Japan and Mexico, Cummins is now making their Capstone-powered products available worldwide.

About Capstone Turbine

Capstone Turbine Corporation (www.microturbine.com; Nasdaq: CPST) is the world`s leading producer of low-emission microturbine systems. In 1998, Capstone was the first to offer commercial power products utilizing microturbine technology, the result of more than ten years of focused research. Capstone Turbine has shipped more than 1,800 commercial production Capstone MicroTurbine systems to customers worldwide. These award-winning systems have logged more than one million hours of operation serving, among others, the following applications:

Hybrid electric vehicles (HEVs): onboard generation
Resource recovery: converting oilfield, landfill and sewage waste gases into electricity
Micro-cogeneration: combined heat/power/chilling/drying solutions
The 9s market: power security, quality and reliability
This press release contains ``forward-looking statements,`` as that term is used in the federal securities laws, about Capstone`s business, such as future maintenance expectations. These forward-looking statements are subject to numerous assumptions, risks and uncertainties that may cause Capstone`s actual results to be materially different from any future results expressed or implied in such statements. These risk factors are identified, among other places, under ``Business Risks`` in Capstone`s most recent 10-Q SEC filing, such as product malfunctions that may cause our products to fall substantially below our 98% availability target level. Capstone cautions you not to place undue reliance on these statements, which speak only as of the date of this release. Capstone undertakes no obligation to release any revisions to such statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.

For publication-quality, captioned images related to this announcement, see: www.microturbine.com/whatsnew/morephotos.asp?newsid=155

For information on Capstone products used in wastewater applications, see: www.microturbine.com/whatsnew/pressrelease.asp?article=124 and www.microturbine.com/biogas

For information on Capstone`s OEM product development agreement with Cummins, see: www.microturbine.com/whatsnew/pressrelease.asp?article=78



--------------------------------------------------------------------------------
Contact:

Capstone Turbine Corporation
Keith Field, 818/734-5465
or
Financial Relations Board
Tony Rossi, 310/966-5500 (investor media)
or
Edelman Worldwide
Jennifer Reese, 323/202-1061 (general media)

[hgsi]

Capstone ist zwar heute aus dem Depot des Aktionärs geflogen (Stoppkurs 4,20 Euro)und wird damit am Montag zum 12.00 Uhr Kurs verkauft, aber wer sich den heutigen Nasdaq-Chart anschaut wird feststellen, dass um 16.00 Uhr dortiger Zeit ein Riesenkauf getätigt wurde. Vielleicht erwartet uns eine schöne Meldung am Montag?

[circuit]

CPST-Meldungen sind nicht nötig.

Nach den GE - news der letzten Tage war der Anstieg bei CPST die logische Konsequenz.

Seit gestern + 20 %.

Weiter viel Glück.

[Eva4]

Freue mich über den Anstieg, weiss aber nicht warum.
Kann mal jemand die "News der letzten Tage" auf Deutsch zusammenfassen????
Eva

[kravitz]

sehr Gute News!!!
Capstone Turbine Provides Fourth Quarter Update
CHATSWORTH, Calif.--(BUSINESS WIRE)--Dec. 20, 2001--Capstone Turbine Corporation (Nasdaq:CPST - news) announced today that it has shipped 170 units to date in the fourth quarter of 2001. Sixty-three of these units were shipped to the South Coast Air Quality Management District pursuant to the order announced on November 19, 2001.

Dr. Ake Almgren, President and CEO of Capstone Turbine Corporation, commented on the fourth quarter: ``Coming off a disappointing third quarter, we are pleased to have already exceeded our anticipated shipments during Q4, more than doubling our unit shipments on a sequential quarter basis. Equally notable, more than half of these shipments are 60-kilowatt models, which is consistent with our strategy to increase the percentage of these higher margin units in our product mix.

``We have made good progress in implementing the changes we put in place throughout the organization over the past few months, including adding a number of key individuals. With a strong balance sheet and no long-term debt, we continue to be in excellent financial condition and have ample resources to continue working to extend our position as the market leader in microturbine power solutions. As we expressed in our third quarter earnings announcement, we fully understand the need to consistently deliver positive, reliable results to regain the market`s confidence and this is a significant step in that direction,`` said Dr. Almgren.

Capstone also announced that effective December 31, 2001, Benjamin M. Rosen is resigning as a member of the Board of Directors. Rosen, a founding director of the company in 1993, is devoting his full time to not-for-profit activities, including his recently assumed chairmanship of the California Institute of Technology. In the last 18 months, Rosen has resigned from all his other publicly-owned company boards, including Compaq Computer and Ask Jeeves.

About Capstone Turbine

Capstone Turbine Corporation (www.microturbine.com; Nasdaq: CPST) is the world`s leading producer of low-emission microturbine systems. In 1998, Capstone was the first to offer commercial power products utilizing microturbine technology, the result of more than ten years of focused research. Capstone Turbine has shipped more than 1,800 commercial production Capstone MicroTurbine systems to customers worldwide. These award-winning systems have logged more than one million hours of operation serving, among others, the following applications:

Hybrid electric vehicles (HEVs): onboard generation
Resource recovery: converting oilfield, landfill and sewage waste gases into electricity
Micro-cogeneration: combined heat/power/chilling/drying solutions
The 9s market: power security, quality and reliability
This press release contains ``forward-looking statements,`` as that term is used in the federal securities laws, about Capstone`s business, with regard to extending the company`s position as the market leader and with regard to the consistent delivery of positive, reliable results. These forward-looking statements are subject to numerous assumptions, risks and uncertainties that may cause Capstone`s actual results to be materially different from any future results expressed or implied in such statements. Such factors include, but are not limited to: 1) market acceptance of Capstone`s technology and products; 2) the size, timing and shipment of individual orders; 3) the ability of Capstone to successfully execute its production and marketing plans; 4) the Company`s ability to develop additional microturbine product releases; and other factors detailed in the Company`s filings with the Securities and Exchange Commission. Capstone cautions readers not to place undue reliance on these 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.



--------------------------------------------------------------------------------
Contact:

Capstone Turbine Corporation
Keith Field, 818/734-5465
or
FRB/Weber Shandwick
Jill Fukuhara, 310/996-7464 (Investor Relations)

[circuit]

@eva4

warum der Anstieg ?

siehe 18.12.2001
18.49 Uhr
;-))

[thomas555]

@ all:

Das ist wirklich sehr schön auch wenn ich keinerlei Ahnung habe woran das liegt... Konnte auch bei Capstone auf der Website nichts entdecken. Bitte postet mal wenn Ihr was entdeckt!

Ansonsten einen guten Rutsch Euch allen und viel Erfolg im neuen Jahr!

Thomas

[circuit]

Auf der CPST-Website kannnst du lange suchen.
Gehe eher Mal zu den GE-news. Vielleicht verstehst du dann den Kursanstieg von CPST:

[thomas555]

wenn du so freundlich wärst mir zu verraten was die "ge-news" sind und wo ich die finde werden ich gern da hin gehen

thomas

[circuit]

GE = General Electric

Und nun noch zwischen den Zeilen lesen.
Vor allem am Schluss bei
---------}Power Systems:

GE Sees 2002 Profit Up 18 Percent

By Kristin Roberts

NEW YORK (Reuters) - General Electric Co. (NYSE:GE - news) on Monday said profits would meet Wall Street targets this year and grow by up to 18 percent in 2002 as strength in its long-cycle businesses fights off the effect of a weak economy.

GE noted it expects a slowdown in the global power market, but that the impact would be ``manageable.``

Chief Executive Jeff Immelt, speaking to analysts and investors in New York Monday evening, said weak economic conditions offered GE the opportunity to make acquisitions and enter new markets.

``We are delivering 11 percent earnings growth this year despite a global recession and the Sept. 11 tragedy, and we face the future environment with great confidence,`` Immelt said.

GE, whose operations range from financial services to power and aerospace, said it was comfortable with analysts` profit target of 39 cents per share for the fourth quarter and $1.41 per share for 2001. Those estimates were in line with guidance given in September when GE lowered its profit forecast due directly to the Sept. 11 attacks.

For 2002, GE expects earnings of $1.65 to $1.67 per share, which includes a gain of 4 cents to 6 cents per share for the effect of a change in accounting for goodwill and a lower estimate of long-term returns on pension assets. That would represent earnings growth of up to 18 percent versus 2001.

Even excluding the two noncash items, GE should generate profit growth of about 13 percent to 14 percent, given the targets announced Monday.

For 2003, the company said only that it expects ``double-digit`` earnings growth.

GROWTH DESPITE GLOBAL WEAKNESS

Analysts said they were pleased with Immelt`s presentation. The company had previously said only that earnings in 2002 would grow by ``double-digits,`` and many analysts noted the 17 percent to 18 percent growth estimate was surprisingly positive.

Immelt was scheduled to hold another meeting with the financial community on Tuesday morning.

Wall Street pegs GE at a profit of $1.41 per share in 2001, according to tracking firm Thomson Financial/First Call. For 2002, analysts had expected earnings of $1.59 per share, with estimates ranging from $1.53 to $1.65 per share.

The company could beat its target for 2002 earnings if a ``strong recovery`` materialized during the year, GE said.

But even if 2002 is as challenging as 2001, GE said it could hit its forecast on the back of strong performance from its Power Systems, Medical Systems and GE Capital segments.

The ``long-cycle`` businesses, such as GE Power and Medical Systems, should grow earnings by 20 percent in 2002, the company said. GE Capital, GE`s largest segment, should generate 15 percent growth in earnings next year.

The ``short-cycle`` businesses should post earnings roughly equal to 2001, GE said. The short-cycle segments represent about 20 percent of GE`s consolidated earnings.

That would continue a trend in GE`s 2001 segment results, which saw long-cycle businesses offsetting the drag of short-cycle operations.

------------}POWER SYSTEMS

The Power Systems division, which provides energy-related products and services from generators to fuel cells, has helped drive the company`s financial results this year. In the last quarter, the segment accounted for 30 percent of GE`s total quarterly earnings.

The segment should continue to grow next year, GE said, despite an expected global slowdown in the power market.

Power Systems separately announced on Monday that it bought two businesses from Honeywell International Inc. (NYSE:HON - news) along with two sets of intellectual property and equipment assets in a move that enhances its offerings in the fuel cell, turbine and petroleum exploration industries.

[thomas555]

hm, ganz schlau werde ich nicht daraus. da steht zwar dass ge mit zuwächsen auch im bereich von turbinen rechnet aber ist das schon alles?

[Eva4]

Heute 16% plus. Großer Artikel im Aktionär, mindestens 100% Chance, logisch begründet. Weiter so.
Eva

[kravitz]

Capstone Retains Cayley as General Counsel
CHATSWORTH, Calif.--(BUSINESS WIRE)--Jan. 11, 2002--Leading microturbine power systems manufacturer Capstone Turbine Corporation (www.microturbine.com; Nasdaq:CPST - news) has retained Susan Cayley for its newly created position of Vice-President & General Counsel.

Reporting directly to Capstone President and CEO Dr. Ake Almgren, Cayley will be responsible for leading Capstone`s legal affairs, including working on and streamlining a wide range of legal, corporate, intellectual property and sales and marketing matters.

Cayley joins Capstone with a career track record of high achievement as Vice President and General Counsel of ACT Networks, Inc. (now Clarient Corporation: www.clarientcorp.com; Nasdaq: CLRNE) and Xylan Corporation (now Alcatel: www.alcatel.com; NYSE: ALA), both public telecommunications companies in Southern California. Cayley managed the legal side of the business for ACT and Xylan, and was instrumental in negotiating and merging ACT with Clarient.

Cayley received her Juris Doctorate from Loyola Law School in 1993, and her Bachelor of Arts in political science from the University of California, Los Angeles.

On the appointment of Cayley, Almgren, said, ``Susan will be responsible for all legal affairs of Capstone Turbine. I believe her knowledge, experience and highly successful track record with several significant high-tech corporations will be of great benefit to Capstone`s growth.``

About Capstone Turbine

Capstone Turbine Corporation (www.microturbine.com; Nasdaq: CPST) is the world`s leading producer of low-emission microturbine systems. In 1998, Capstone was the first to offer commercial power products utilizing microturbine technology, the result of more than ten years of focused research. Capstone Turbine has sold and shipped 2,000 commercial production Capstone MicroTurbine systems to customers worldwide. These award-winning systems have logged more than one million hours of operation serving, among others, the following applications:

Hybrid electric vehicles (HEVs): onboard generation
Resource recovery: converting oilfield, landfill and sewage waste gases into electricity
Micro-cogeneration: combined heat/power/chilling/drying solutions
The 9s market: power security, quality and reliability
This press release contains ``forward-looking statements,`` as that term is used in the federal securities laws, about Capstone`s business, such as the potential influence of legal counsel on the future growth of Capstone Turbine Corporation. These forward-looking statements are subject to numerous assumptions, risks and uncertainties that may cause Capstone`s actual results to be materially different from any future results expressed or implied in such statements. These risk factors are identified, among other places, under ``Business Risks`` in Capstone`s most recent 10-Q SEC filing. Capstone cautions you not to place undue reliance on these statements, which speak only as of the date of this release. Capstone undertakes no obligation to release any revisions to such statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.

``Capstone`` is a registered trademark of Capstone Turbine Corporation. All other trademarks mentioned in this press release are the property of their respective owners.

For publication-quality, captioned image related to this announcement, see: www.microturbine.com/whatsnew/morephotos.asp?newsid=158



--------------------------------------------------------------------------------
Contact:

Capstone Turbine Corporation
Keith Field, 818/734-5465
or
Edelman Worldwide
Jennifer Reese, 323/202-1059 General Media
or
Financial Relations Board
Tony Rossi, 310/966-5500 Investor Media

[Vinzenz69]

So,ich habe den Artikel im Aktionär gelesen und finde
jedenfalls das Geschäftsmodell gut.Das der Break even 2004
sein soll ist egal.Wenn die Energiepreise hochgehen, geht
auch der Kurs von Capstone hoch.

Eine Frage:

Woher kommt der Absturz von 48 Euro auf 6 Euro? Ich finde
nichts.

[gooseflesh]

Wednesday January 16, 9:02 am Eastern Time

Press Release

SOURCE: Capstone Turbine Corporation

Capstone Turbine Invites Public To Listen to Fourth
Quarter Conference Call on the Web

CHATSWORTH, Calif.--(BUSINESS WIRE)--Jan. 16, 2002--In conjunction with Capstone Turbine Corporation`s
(www.microturbine.com; Nasdaq:CPST - news) fourth quarter earnings announcement, members of the public are invited to listen
to the Company`s live quarterly conference call on the Internet on Thursday, February 7, 2002 at 5 p.m. Eastern, 2 p.m. Pacific.

To hear the call, simply log on at the Company`s web site at www.microturbine.com and go to the Investor Relations web page.

During the one-hour conference call, management will discuss financial results and operational highlights for the fourth quarter and
full year 2001.

Financial results will be released over the news wires after the market closes on Thursday, February 7, 2002.

About Capstone Turbine

Capstone Turbine Corporation (www.microturbine.com) (Nasdaq:CPST - news) is the world`s leading producer of low-emission
microturbine systems. In 1998, Capstone was the first to offer commercial power products utilizing microturbine technology, the
result of more than ten years of focused research. Capstone Turbine has sold and shipped 2,000 commercial production Capstone
MicroTurbine systems to customers worldwide. These award-winning systems have logged more than one million hours of
operation serving, among others, the following applications:

Hybrid electric vehicles (HEVs): onboard generation
Resource recovery: converting oilfield, landfill and sewage waste gases into electricity
Micro-cogeneration: combined heat/power/chilling/drying solutions
The 9s market: power security, quality and reliability

``Capstone Turbine Corp`` is a registered trademark of Capstone Turbine Corporation. All other trademarks mentioned in this press
release are the property of their respective owners.

Contact:

Capstone Turbine Corporation
Keith Field, 818/734-5465
or
FRB/Weber Shandwick
Jill Fukuhara, 310/407-6539 (investor media)

[gooseflesh]

Wednesday January 16, 9:06 am Eastern Time

Press Release

SOURCE: Capstone Turbine Corporation

Capstone Retains Karen K. Clark as Chief Financial
Officer

CHATSWORTH, Calif.--(BUSINESS WIRE)--Jan. 16, 2002--Leading microturbine power
systems manufacturer Capstone Turbine Corporation (www.microturbine.com; Nasdaq:CPST -
news) announced today that Karen K. Clark has joined Capstone and will serve as Chief
Financial Officer. Reporting directly to Capstone President and CEO, Dr. Ake Almgren, Clark
will be responsible for all aspects of the Company`s financial planning and analysis.

``We are extremely pleased to add an individual of Karen`s talent and background to our
management team,`` said Almgren. ``Karen met all of the criteria that we established for our
new CFO including experience in a number of senior financial positions within public companies
and a strong background in manufacturing. In addition, Karen brings to Capstone an
understanding of the energy industry, which is the industry we serve. We are impressed with the
breadth of Karen`s experience in accounting, administration and finance. We are happy to have
Karen as a member of our executive team and believe that she is ideally suited to help lead our
company as we continue to develop and grow our markets.``

``I am very excited to join Capstone, particularly at a time when it has added a number of other
talented individuals to its management team who are committed to taking the company to the
next level,`` said Karen Clark. ``I firmly believe that the market for distributed generation
presents exceptional long-term growth opportunities and I am pleased to be part of a company
that is well positioned to extend its leadership position in this industry.``

Clark joins Capstone after serving as Senior Vice President and CFO of PacifiCorp, an electric
utility service provider with fiscal 2001 revenues of $5 billion. In this role, she was involved in
major financial and operating decisions, including establishing commodity trading policies and
limits, new business development, capital spending and regulatory policy.

Prior to PacifiCorp, Clark was Senior Vice President of Finance for Sunbeam Corporation, a
publicly held consumer goods company with worldwide operations and annual revenues in
excess of $2 billion. She was a member of the new senior management team brought in to
attempt a turnaround of the company and was responsible for several finance functions. Clark
joined Sunbeam as a result of its acquisition of The Coleman Company, Inc., where she held the
position of Vice President of Finance from 1997 through 1999.

For sixteen years prior to joining Coleman, Clark held finance positions in manufacturing and
technology companies and worked as a Certified Public Accountant and Certified Management
Accountant in public accounting.

[gooseflesh]

[gooseflesh]

Kurs auweia!

[Brucky]

Hi gooseflesh,
haste mal en Tip, warum Kurs auweia?
Danke
Brucky

[gooseflesh]

na ja, ziemlich übel abgestürzt am Freitag.....und die Tage zuvor !

[circuit]

steigende Ölpreise......, anstehender Sommer....da erinnere ich mich immer wieder gerne an CPST.

Heute + 15 %

[kravitz]

Capstone Turbine Announces First Quarter Results
CHATSWORTH, Calif.--(BUSINESS WIRE)--April 30, 2002--Capstone Turbine Corporation (www.microturbine.com; Nasdaq:CPST - news), the world`s leading microturbine power systems manufacturer, today reported revenue of $4.6 million for the quarter ended March 31, 2002, compared with revenue of $8.9 million for the first quarter of 2001.

For the first quarter of 2002, Capstone`s net loss was $12.0 million, or ($0.16) per share, compared to a net loss of $9.5 million, or ($0.12) per share, in the first quarter of 2001. The increase in net loss was primarily attributable to lower revenue and increased overhead related to the expansion of the Company`s production capabilities.

"We have implemented a number of initiatives designed to more effectively position Capstone to capitalize on the emerging distributed generation market," said Dr. Ake Almgren, President and CEO of Capstone Turbine Corporation. "These initiatives include: focusing on the combined heat and power market, reducing the total installed costs for microturbine systems, and improving quality and reliability.

"These initiatives require that we work on the entire system solution brought to end users and not just on the microturbine. We have made progress during the first quarter, but there is still work to be done," said Dr. Almgren.

Financial Highlights

Capstone shipped 5.3 megawatts in the quarter, or 147 units, of which approximately 80% of the units were 30-kilowatts units. However, the company also repossessed 20 30-kilowatt units in the quarter, resulting in net shipments of 4.7 megawatts. Record sales to Europe and continuing strength in the Japanese market accounted for the majority of sales in the quarter. European sales were driven by 2.1 megawatts in units delivered to a leading European electric utility. This customer intends to utilize the Capstone MicroTurbine to expand its offering to its end users to include hot water and to use the electricity generated to supplement its existing infrastructure of centralized power plants and the electric grid. A year ago in the first quarter, with strong sales to OEMs and the benefit of demand from the western energy crisis, Capstone shipped 9.5 megawatts. In the fourth quarter of 2001, the Company shipped 11.1 megawatts.

Gross margin in the first quarter of 2002 was negative $3.0 million, compared with approximately $0.3 million positive margin in the same period of 2001. The decrease in gross margin was primarily attributable to lower volumes in the current year and higher overhead costs resulting from the addition of the Company`s recuperator core manufacturing facility in the third quarter of last year. Gross margin in the first quarter of 2002 was also impacted by higher warranty and inventory charges than a year ago. The margin losses were $0.5 million higher this quarter as compared with the last quarter of 2001, primarily reflecting the lower volume in the current quarter.

Research and development expenses decreased to $1.4 million, compared with $2.8 million in the first quarter of 2001. R&D expenses are reported net of contract offsets such as the U.S. Department of Energy advanced microturbine program. Contract offsets were $1.3 million in the first quarter of 2002 and $0.1 million in the same period a year ago.

Selling, general and administrative expenses decreased to $8.4 million, compared with $9.8 million in the first quarter of 2001.

The Company reduced cash utilization to $6.5 million in the quarter, substantially less than the $10.8 million used in the fourth quarter of 2001 and the $19.2 million used in the first quarter of last year. The lower cash utilization reflected lower fixed asset additions and deferred timing of some expenditures. Overall, the Company continues to be in a strong financial position. As of March 31, 2002, Capstone held approximately $164.4 million in cash and cash equivalents, with no long-term debt. Inventory was reduced to $20.6 million from $22.0 million at December 31, 2001. The reduction in inventory was primarily attributable to the Company actively managing down its finished goods inventory built in the third quarter of 2001. Accounts receivable decreased to $5.3 million at March 31, 2002, compared with $8.0 million at year-end.

Increased Focus on CHP

"We continue to evaluate the numerous markets for distributed generation, and where our products are most applicable," said Dr. Almgren. "While we will continue to address the other markets we have historically sold into, we believe the combined heat and power (CHP) market holds the most potential for the company, and as such, we are increasing our focus on developing this market and communicating the value proposition of CHP."

Outlook

"Given the early stage of the distributed generation market, where the timing and size of orders is difficult to predict, there is a high degree of sales volatility and uncertainty to sales projections," said Norm Chambers, COO of Capstone Turbine Corp. "In this context, based on the various degrees of visibility we have of our pipeline of prospects, we believe that our sales will range between 29 and 58 megawatts for the full year. We continue to target approximately 60% of the units being 60-kilowatt units. For the second quarter, at our greatest degree of visibility, we see sales of approximately 3.7 megawatts, of which about 90% of the units are expected to be 30-kilowatt units. Further, we see a potential to another 3.0 megawatts of sales in the quarter, although this is less assured."

About Capstone Turbine

Capstone Turbine Corporation (www.microturbine.com) (Nasdaq:CPST - news) is the world`s leading producer of very-low-emission microturbine systems. In 1998, Capstone was the first to offer commercial power products utilizing microturbine technology, the result of more than ten years of focused research. Capstone Turbine has sold and shipped 2,200 commercial production Capstone MicroTurbine systems to customers worldwide. These award-winning systems have logged more than 1.5 million hours of operation serving, among others, the following applications:

Micro-cogeneration: combined heat/power/chilling/drying solutions
Resource recovery: converting oilfield, landfill and sewage waste gases into electricity
The 9s market: power security, quality and reliability
Hybrid electric vehicles (HEVs): onboard generation
This press release contains "forward-looking statements," as that term is used in the federal securities laws, about Capstone`s business, with regard to the expected level of shipments and its ability to reduce the total cost of ownership for its products. These forward-looking statements are subject to numerous assumptions, risks and uncertainties that may cause Capstone`s actual results to be materially different from any future results expressed or implied in such statements. Such factors include, but are not limited to: 1) market acceptance and quality of Capstone`s technology and products; 2) the size, timing, shipment and pricing of individual orders; 3) the ability of Capstone to successfully execute its production and marketing plans; 4) the ability of Capstone`s sales channel partners to provide quality and cost effective solutions for customers; 5) the Company`s ability to develop additional microturbine product releases; and other factors detailed in the Company`s filings with the Securities and Exchange Commission. Capstone cautions readers not to place undue reliance on these 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 Turbine Corp" is a registered trademark of Capstone Turbine Corporation. All other trademarks mentioned in this press release are the property of their respective owners.

-0-


CAPSTONE TURBINE CORPORATION
CONSOLIDATED BALANCE SHEETS
(Unaudited)

December 31, March 31,
2001 2002
ASSETS
Current Assets:
Cash and cash equivalents $170,868,000 $164,364,000
Accounts receivable, net of
allowance for doubtful accounts
of $163,000 at December 31, 2001
and $310,000 at March 31, 2002 8,016,000 5,251,000
Inventory 21,973,000 20,560,000
Prepaid expenses and other
current assets 1,422,000 1,697,000
Total current assets 202,279,000 191,872,000
Equipment and Leasehold Improvements:
Machinery, equipment, and furniture 22,895,000 23,299,000
Leasehold improvements 9,235,000 9,241,000
Molds and tooling 4,534,000 4,557,000
36,664,000 37,097,000

Less accumulated depreciation
and amortization 9,362,000 10,630,000
Total equipment and leasehold
improvements 27,302,000 26,467,000

Deposits on Fixed Assets 2,550,000 2,080,000
Other Assets 242,000 142,000
Intangible Assets, Net 21,881,000 20,454,000
Total $254,254,000 $241,015,000

LIABILITIES AND STOCKHOLDERS` EQUITY
Current Liabilities:
Accounts payable $ 3,490,000 $ 2,777,000
Accrued salaries and wages 1,440,000 1,249,000
Other accrued liabilities 1,263,000 486,000
Accrued warranty reserve 4,145,000 4,684,000
Deferred revenue 1,471,000 1,387,000
Current portion of capital lease
obligations 1,308,000 1,335,000
Total current liabilities 13,117,000 11,918,000

Long-Term Portion of Capital Lease
Obligations 2,525,000 2,177,000

Other Long-Term Liabilities 1,158,000 1,151,000

Commitments and Contingencies -- --

Stockholders` Equity:
Common stock, $.001 par value;
415,000,000 shares authorized;
77,207,383 and 77,407,556 shares
issued and outstanding at
December 31, 2001 and March 31, 2002 77,000 77,000
Additional paid-in capital 521,668,000 522,013,000
Accumulated deficit (284,291,000) (296,321,000)
Total stockholders` equity 237,454,000 225,769,000
Total $254,254,000 $241,015,000


CAPSTONE TURBINE CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)


Three Months Ended March 31,
2001 2002

Revenues $ 8,906,000 $ 4,591,000
Cost of Goods Sold 8,583,000 7,549,000

Gross Profit (Loss) 323,000 (2,958,000)
Operating Costs and Expenses:
Research and development 2,770,000 1,439,000
Selling, general and administrative 9,844,000 8,360,000

Total operating costs and expenses 12,614,000 9,799,000

Loss from operations (12,291,000) (12,757,000)
Interest Income 3,044,000 823,000
Interest Expense (167,000) (115,000)
Other (Expense) Income (54,000) 21,000

Loss Before Income Taxes (9,468,000) (12,028,000)
Provision for Income Taxes 1,000 2,000

Net Loss $ (9,469,000) $ (12,030,000)

Weighted Average Common Shares
Outstanding 76,048,770 77,387,574

Net Loss Per Share of Common Stock
-- Basic and Diluted $ (0.12) $ (0.16)




--------------------------------------------------------------------------------
Contact:
Capstone Turbine Corporation
Keith Field, 818/734-5465 (General Media)
or
FRB/Weber Shandwick
Jill Fukuhara, 310/407-6539 (Investor Media)

[Brucky]

Hallo, ist da wer?
Hat noch jemand sein Geld in die Capstones gesteckt oder bin ich hier alleine?
Gruss
Brucky

[chri999s]

hi brucky!

hab auch noch ein paar liegen....

ciao

[modjo]

Wednesday July 3, 8:05 pm Eastern Time
Reuters Company News
Capstone Turbine realigns, chief operating officer out

CHATSWORTH, Calif., July 3 (Reuters) - Capstone Turbine Corp. (NasdaqNM:CPST - News), a manufacturer of microturbine power systems, on Wednesday said Chief Operating Officer Norman Chambers resigned amid a company realignment.
ADVERTISEMENT



The announcement follows shares in Capstone on Wednesday touching an all-time low of $1.14. The shares closed at $1.28, up a penny, or less than 1 percent, and down about 99 percent from their record high of $98.50 on Aug. 31, 2000.

Ake Almgren, Capstone`s president, chief executive and board chairman, told Reuters that Capstone was realigning its units in response to slower-than-expected business after California began addressing its power problems.

"Last year we expected to have a tremendous boost from the (California) energy crisis," Almgren said. "But it didn`t happen."

Capstone in April posted a first-quarter loss of $12 million, or 16 cents per share, compared with a loss of $9.5 million, or 12 cents per share, a year earlier. Analysts, on average, expect Capstone to report a loss of 17 cents per share in its June-ended second quarter, according to research firm Thomson First Call.

Capstone said it will be organized into five areas: sales and marketing, quality and customer service, engineering, operations and administration.

The realignment combines sales and marketing operations, brings all engineering efforts together and stresses quality and customer service as a key functional area, the Chatsworth, California-based company said.

Capstone, whose equipment can be used to convert oil field, landfill and sewage gases into electricity, said that with its realignment it no longer needs a chief operating officer.

[gooseflesh]

[gooseflesh]

Press Release
Source: Capstone Turbine Corporation


Capstone Turbine Invites Public to Listen to Third
Quarter Conference Call on the Web
Tuesday October 15, 6:28 pm ET

CHATSWORTH, Calif.--(BUSINESS WIRE)--Oct. 15, 2002--In conjunction with Capstone
Turbine Corporation`s (Nasdaq:CPST - News) third quarter earnings announcement, members of
the public are invited to listen to the Company`s live quarterly conference call on the Internet on
Thursday, October 31, 2002 at 5 p.m. Eastern, 2 p.m. Pacific.

To hear the call, simply log on at the Company`s web site at www.microturbine.com and go to
the Investor Relations web page.

During the one-hour conference call, management will discuss financial results and operational
highlights for the third quarter of 2002.

Financial results will be released over the news wires after the market closes on Thursday,
October 31, 2002.

About Capstone Turbine

Capstone Turbine Corporation (www.microturbine.com; Nasdaq:CPST) is the world`s leading
producer of very-low-emission microturbine systems used for onsite power production. In 1998,
Capstone was the first to offer commercial power products utilizing microturbine technology,
the result of more than ten years of focused research. Capstone Turbine has sold and shipped
nearly 2,400 commercial production Capstone MicroTurbine systems to customers worldwide.
These award-winning systems have documented more than 2 million hours of operation serving,
among others, the following applications:

Micro-cogeneration: combined heat/power/chilling/drying solutions
Resource recovery: converting oilfield, landfill and sewage waste gases into electricity
The 9s market: power security, quality and reliability
Hybrid electric vehicles (HEVs): ultra-low-emission onboard generation

"Capstone Turbine Corp" is a registered trademark of Capstone Turbine Corporation.

Contact:

Capstone Turbine Corporation
Keith Field, 818/734-5465
or
FRB/Weber Shandwick
Jill Fukuhara, 310/407-6539 (Investor Relations)

[Brucky]

Hi gooseflesh,
schön das es noch jemanden gibt, der sich für Turbinen interessiert. Wollen mal hoffen, dass der Ölprais schön hoch bleibt und/oder die Amis was für die Umwelt tun wollen.
Gruss
Brucky

[gooseflesh]

na ja, bei dem Kursverlauf kann man das nur hoffen.

Das Ding sieht eher aus wie ein PC.......

[dosto]

möcht ich trotzdem nicht im wohnzimmer haben.

[ulife]

Hallo bin ein wenig neu in der Ecke hier.
Weiß jemand ein wenig mehr über Capstone??
Zahlen und Fakten vielleicht.
Danke für ein paar Infos

[panik]

Capstone Turbine Corporation and United Technologies Corporation Announce Strategic Alliance
Monday October 28, 7:04 am ET


CHATSWORTH, Calif.--(BUSINESS WIRE)--Oct. 28, 2002--Capstone Turbine Corp. (Nasdaq:CPST - News) and United Technologies Corp. (NYSE:UTX - News) through its UTC Power division announced today they have entered into a strategic alliance.
ADVERTISEMENT


The strategic alliance between UTC and Capstone is a long-term agreement to integrate, sell and service microturbine-based combined heat and power (CHP) solutions for commercial buildings. UTC and Capstone intend to build on key product, technology and channel strengths of the companies, including those of UTC`s Carrier Corp. -- the leading manufacturer of heating, ventilation and air conditioning (HVAC) systems.

The agreement covers North America and most of Europe. As part of the alliance agreement, UTC has committed to purchase a 4.9 percent stake in Capstone.

Capstone is the leading producer of low-emission microturbine systems. UTC Power is leading UTC`s efforts in distributed generation. UTC Fuel Cells, a leader in commercial fuel cells, is a part of UTC Power.

Jan van Dokkum, president of UTC Power, said, "UTC is committed to improving the energy efficiency of commercial buildings. We believe Capstone microturbines will be an important element of our distributed generation strategy. Together, we will build upon the valuable lessons of our U.S. Department of Energy (DoE) Advanced Microturbine System and Building, Cooling, Heating and Power programs. Our investment in Capstone underlines our commitment and recognizes Capstone`s leadership position in microturbines. We look forward to embarking on this long-term relationship."

"We are pleased to announce the strategic alliance between UTC and Capstone," said Dr. Ake Almgren, president and chief executive officer of Capstone. "As we have consistently said, building a substantial business in distributed generation will require distinctive technology, proven products and world class channels. This alliance combines some of the best of these capabilities. We believe Capstone microturbines, integrated to work directly with UTC`s CHP equipment, will provide significant benefits to our customers. Earlier this year, Capstone announced its focus on CHP, and this alliance with UTC provides a key step forward in enhancing opportunities for commercial CHP solutions."

About Capstone Turbine

Capstone Turbine Corporation is the world`s leading producer of very-low-emission microturbine systems used for onsite power production. In 1998, Capstone was the first to offer commercial power products utilizing microturbine technology, the result of more than ten years of focused research. Capstone Turbine has sold and shipped nearly 2,400 commercial production Capstone MicroTurbine systems to customers worldwide. These award-winning systems have documented more than 2 million hours of operation serving, among others, the following applications:

Hybrid electric vehicles (HEVs): onboard generation
Resource recovery: converting oilfield, landfill and sewage gases into electricity
Micro-cogeneration: combined heat/power/chilling/drying solutions
The 9s market: power security, quality and reliability
About UTC

United Technologies Corp., based in Hartford, Connecticut, provides a broad range of high technology products and support services to the building systems and aerospace industries. Additional information is available on the Internet at www.utc.com and www.utcpower.com.

This announcement contains "forward-looking statements" made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, which can be identified by the use of forward-looking terminology such as "will," "believe" or other comparable terms. These forward-looking statements are subject to numerous assumptions, risks and uncertainties that could cause actual results to differ materially from future results expressed or implied in such statements. Such factors include, but are not limited to, 1) successful or timely completion of product integration efforts, 2) the fact that complex, multi-year strategic relationships may not achieve desired financial or operating results for either participant and 3) economic, political, climatic, currency, regulatory, technological, competitive and other factors detailed in each of UTC`s and Capstone`s filings with the Securities and Exchange Commission. The forward-looking statements contained herein speak only as of the date of this press release. Each of UTC and Capstone expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statement to reflect any change in either of their expectations or any change in events, conditions or circumstances on which any such statement is based.

"Capstone Turbine Corp" is a registered trademark of Capstone Turbine Corporation.



--------------------------------------------------------------------------------
Contact:
Capstone Turbine Corporation, Chatsworth
Karen Clark, 818/734-5114



--------------------------------------------------------------------------------
Source: Capstone Turbine Corp.

[panik]

Capstone Turbine Corporation Announces Preliminary Third-Quarter Results
Monday October 28, 7:05 am ET
Stock Repurchase Program
CEO`s Plan to Retire
and Protsch as Chairman of the Board


CHATSWORTH, Calif.--(BUSINESS WIRE)--Oct. 28, 2002--Capstone Turbine Corporation (Nasdaq:CPST - News), a leading producer of low-emission microturbine systems, today announced preliminary financial results for the third quarter ended September 30, 2002. In the period, the company shipped 3.2 megawatts of its products. The company expects to report revenue of $3.9 million and post a loss per share of between $0.14 and $0.16. The company`s cash utilization rate is approximately $11 million for the quarter.
Capstone also announced that its Board of Directors has approved a stock repurchase program under which the company may purchase up to $10 million of Capstone common stock. The company could purchase shares from time to time through open market and privately negotiated transactions at prices deemed appropriate by management. The program has no termination date. Capstone has approximately 77.5 million shares of common stock outstanding and approximately $144 million of cash and cash equivalents.

Ake Almgren, the Company`s President and Chief Executive Officer, also announced his intention to retire.

Dr. Almgren stated, "Capstone is by far the leading microturbine company. Today we have achieved one of my principal goals for the Company, that of establishing a strategic partnership with a major participant in distributed generation, United Technologies. I have had the opportunity of leading the company from being a small private company, through the launch of the first commercial microturbine, the IPO process, and then positioning the public company for future growth. While the company has initiated an executive search for my successor, and the transition timeline is not yet established, I have agreed to support a smooth transition and continue the efforts of developing additional strategic alliances. As part of the transition process I have resigned as the Chairman of the Board. I am delighted to announce that Eliot Protsch, President of Interstate Power and Light Co. for Alliant Energy Corporation, has accepted the board`s nomination to that role."

About Capstone Turbine

Capstone Turbine Corporation is the world`s leading producer of very-low-emission microturbine systems used for onsite power production. In 1998, Capstone was the first to offer commercial power products utilizing microturbine technology, the result of more than ten years of focused research. Capstone Turbine has sold and shipped nearly 2,400 commercial production Capstone MicroTurbine systems to customers worldwide. These award-winning systems have documented more than 2 million hours of operation serving, among others, the following applications:

Hybrid electric vehicles (HEVs): onboard generation
Resource recovery: converting oilfield, landfill and sewage gases into electricity
Micro-cogeneration: combined heat/power/chilling/drying solutions
The 9s market: power security, quality and reliability
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995

This announcement contains forward-looking statements relating to third quarter shipments and financial results, and a planned stock repurchase program, which are subject to assumptions, risks and uncertainties that could cause actual results to differ materially from express or implied projections. Capstone`s shipments, revenues, loss per share and cash use during the quarter may change as a result of reviews by management or Capstone`s auditors. Capstone`s operating and financial results generally are subject to factors detailed in Capstone`s filings with the SEC. Capstone may not purchase any shares of common stock, may not purchase the maximum amounts authorized under the program or may not acquire shares at prices that later appear advantageous. The forward-looking statements speak only as of the date of this release and Capstone has no obligation to update any statement as a result of new information or future events.

"Capstone Turbine Corp" is a registered trademark of Capstone Turbine Corporation.



--------------------------------------------------------------------------------
Contact:
Capstone Turbine Corporation, Chatsworth
Karen Clark, 818/734-5114



--------------------------------------------------------------------------------
Source: Capstone Turbine Corp.

[Brucky]

Hey,scheint ja dem Kurs auf die Beine zu helfen!
Gruss
Brucky

[gooseflesh]

Capstone Turbine (CPST: news, chart, profile) soared more than 28 percent after the company formed a strategic alliance with United Technologies (UTX: news, chart, profile). As part of the deal, United will buy a 4.9 percent stake in Capstone. The microturbine maker also indicated that third-quarter losses would be less than expected and announced a stock buyback program. Capstone added that it expects to lose 14 to 16 cents a share in the quarter ending September, while analysts surveyed by Thomson First Call had been forecasting a loss of 18 cents a share. Regarding the buyback, the company has been authorized by its board to repurchase up to $10 million worth of common stock, which closed trading Friday up 2 cents at 75 cents.

Quell: CBS Marketwatch

[gooseflesh]

also + 45% bei diesem Marktumfeld...alle Achtung.

Und wieder über der 1 Dollar Marke......Capstone rocks

[panik]

Capstone Turbine Announces Third Quarter Results
Thursday October 31, 4:12 pm ET


CHATSWORTH, Calif.--(BUSINESS WIRE)--Oct. 31, 2002--Capstone Turbine Corporation (Nasdaq:CPST - News; www.microturbine.com), the world`s leading microturbine power systems manufacturer, today reported revenue of $3.9 million for the quarter ended September 30, 2002, compared with revenue of $3.3 million for the third quarter of 2001. Capstone shipped 3.2 megawatts of power during the third quarter of 2002. The Company`s 60-kilowatt units represented slightly more than half of the megawatts shipped.
For the third quarter of 2002, Capstone`s net loss was $10.8 million, or ($0.14) per share, compared to a net loss of $12.5 million, or ($0.16) per share, in the third quarter of 2001.

The decrease in net loss was primarily attributable to lower operating costs in the current period.

"Current market conditions including tight capital spending budgets and declining wholesale electricity prices in some geographic areas are presenting significant challenges to near-term sales," said Dr. Ake Almgren, President and CEO of Capstone Turbine Corporation. "However, we continue to execute on the other strategic elements of our business plan to lay a foundation for long-term growth.

"Most notably, we have secured a major strategic partner in United Technologies Corporation (UTC) to help the Company develop the CHP market. This alliance brings valuable credibility, technological expertise, and sales and marketing capabilities that we believe provide a foundation for increasing sales of the Capstone MicroTurbine over time," said Dr. Almgren.

Operational Highlights

Approximately 70% of Capstone`s revenues were generated in North America during the third quarter of 2002, with another 20% coming from Asia.

Capstone achieved a number of important milestones in the third quarter of 2002 including:

Successfully running its Advanced Microturbine System at full temperature. The project continues on schedule and the first commercial release of the 200-megawatt unit is scheduled for 2004.
Shipping a 60-kilowatt simple cycle machine for the Fuel Cell Energy program combining the Capstone MicroTurbine with Fuel Cell Energy`s 250-kilowatt molten carbon fuel cell stack. The electric efficiency of the combined system is expected to be in the same range as a large combined cycle gas turbine.
The National Accounts Energy Alliance, which included the American Gas Foundation, the American Gas Association and the Department of Energy, selected Capstone Microturbines for use in 2 pilot CHP installations to learn about and promote energy efficient distributed energy solutions for commercial customers.
Financial Highlights

Gross loss in the third quarter of 2002 was $2.4 million, compared with $2.1 million in the same period of 2001. The increase in gross loss was primarily attributable to lower production volumes.

Research and development expenses decreased to $1.9 million, compared with $2.5 million in the third quarter of 2001. R&D expenses are reported net of contract offsets such as the U.S. Department of Energy advanced microturbine program. Contract offsets were $1.5 million in the third quarter of 2002, compared with $1.0 million in the same period a year ago.

Selling, general and administrative expenses decreased to $7.1 million, compared with $9.2 million in the third quarter of 2001.

Cash utilization was $10.8 million in the third quarter of 2002, substantially less than the $18.7 million used in the third quarter of last year.

Capstone continues to be in a strong financial position. As of September 30, 2002, Capstone held approximately $144.3 million in cash and cash equivalents, with no long-term debt, except for capital leases.

Outlook

"The uncertain market conditions, the lengthy sales cycle for our microturbines, and our limited visibility to orders prevent us from being able to accurately project near-term sales levels," said Dr. Almgren. "With this in mind, we are continuing to reduce our cost structure, and we expect full year 2002 operating expenses to be approximately 20% below 2001 levels, excluding the impact of the marketing rights impairment charge taken during the current year.

"However, we are continuing to invest appropriately in sales, marketing and customer service, and we are addressing the factors we believe will help increase adoption of our microturbines as market conditions become more favorable. We continue to gain a better understanding of the types of customers that will derive value from the use of a microturbine, which enables us to develop more targeted sales and marketing strategies. Our strategic alliance with UTC also gives us the opportunity to provide a better total CHP solution to commercial building customers than we have in the past.

"I will be working closely with Capstone`s new Chairman, Eliot Protsch of Alliant Energy, as I transition to retirement and the Company selects a new Chief Executive Officer. During this time period, we will make certain that Capstone continues to execute on the key goals of developing the CHP market, improving the total quality and reliability of our microturbines, and reducing the total installed cost of ownership," said Dr. Almgren.

About Capstone Turbine

Capstone Turbine Corporation is the world`s leading producer of very-low-emission microturbine systems used for onsite power production. In 1998, Capstone was the first to offer commercial power products utilizing microturbine technology, the result of more than ten years of focused research. Capstone Turbine has sold and shipped nearly 2,400 commercial production Capstone MicroTurbine systems to customers worldwide. These award-winning systems have documented more than 2 million hours of operation serving, among others, the following applications:

Hybrid electric vehicles (HEVs): onboard generation
Resource recovery: converting oilfield, landfill and sewage waste gases into electricity
Micro-cogeneration: combined heat/power/chilling/drying solutions
The 9s market: power security, quality and reliability
This press release contains "forward-looking statements," as that term is used in the federal securities laws, about Capstone`s business, with regard to the benefits of the strategic alliance with UTC, including expansion of Capstone`s markets, the expected first commercial release of the Advanced MicroTurbine System, electric efficiency of the Fuel Cell Energy program machine, full year operating expenses, improvement of its product quality, its ability to reduce the total cost of ownership for its products, the availability of near-term CHP applications, and the sufficiency of cash. These forward-looking statements are subject to numerous assumptions, risks and uncertainties that may cause Capstone`s actual results to be materially different from any future results expressed or implied in such statements. Such factors include, but are not limited to: 1) market acceptance and quality of Capstone`s technology and products; 2) the size, timing, shipment and pricing of individual orders; 3) the ability of Capstone to successfully execute its production and marketing plans; 4) the ability of Capstone`s sales channel partners to provide quality and cost effective solutions for customers; 5) the Company`s ability to develop additional microturbine product releases in a timely manner; 6) the Company`s ability to become profitable and the adequacy of cash to sustain operations, 7) the benefits, if any, derived from strategic alliances and the timing of those benefits; and other factors detailed in the Company`s filings with the Securities and Exchange Commission. Capstone cautions readers not to place undue reliance on these 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.

"CapstoneTurbine Corp" is a registered trademark and "MicroTubine" is a trademark of Capstone Turbine Corporation. All other trademarks mentioned in this press release are the property of their respective owners.

CAPSTONE TURBINE CORPORATION
CONSOLIDATED BALANCE SHEETS
(Unaudited)

December September
31, 2001 30, 2002

ASSETS
Current Assets:
Cash and cash equivalents $170,868,000 $144,333,000
Accounts receivable, net
of allowance for doubtful
accounts of $163,000 at
December 31, 2001 and
$251,000 at September 30,
2002 8,016,000 5,818,000
Inventory 21,973,000 16,218,000
Prepaid expenses and other
current assets 1,422,000 2,642,000
Total current assets 202,279,000 169,011,000
Equipment and Leasehold Improvements:
Machinery, equipment, and
furniture 22,895,000 24,822,000
Leasehold improvements 9,235,000 9,275,000
Molds and tooling 4,534,000 4,866,000
36,664,000 38,963,000
Less accumulated depreciation and
amortization 9,362,000 13,923,000
Total equipment and leasehold
improvements 27,302,000 25,040,000

Deposits on Fixed Assets 2,550,000 1,707,000
Other Assets 242,000 1,376,000
Intangible Assets, Net 21,881,000 2,934,000
Total $254,254,000 $200,068,000


LIABILITIES AND STOCKHOLDERS` EQUITY
Current Liabilities:
Accounts payable $ 3,490,000 $ 3,380,000
Accrued salaries and wages 1,440,000 1,768,000
Other accrued liabilities 1,263,000 1,094,000
Accrued warranty reserve 4,145,000 4,270,000
Deferred revenue 1,471,000 633,000
Current portion of capital
lease obligations 1,308,000 1,403,000
Total current liabilities 13,117,000 12,548,000

Long-Term Portion of Capital
Lease Obligations 2,525,000 1,432,000

Other Long-Term Liabilities 1,158,000 1,263,000

Commitments and Contingencies -- --

Stockholders` Equity:
Common stock, $.001 par value;
415,000,000 shares authorized;
77,207,383 and 77,532,060 shares
issued and outstanding at
December 31, 2001 and
September 30, 2002, respectively 77,000 78,000
Additional paid-in capital 521,668,000 522,661,000

Accumulated deficit (284,291,000) (337,914,000)
Total stockholders` equity 237,454,000 184,825,000
Total $254,254,000 $200,068,000




CAPSTONE TURBINE CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)

Three Nine
Months Ended Months Ended
September 30, September 30,
2001 2002 2001 2002

Revenues $ 3,346,000 $ 3,887,000 $ 25,811,000 $ 15,886,000
Cost of Goods
Sold 5,468,000 6,301,000 27,033,000 25,481,000
--------------------------- -------------- ---------
Gross Loss (2,122,000) (2,414,000) (1,222,000) (9,595,000)

Operating Costs
and Expenses:
Research and
development 2,512,000 1,880,000 8,171,000 4,938,000
Selling,
general and
admini-
strative 9,210,000 7,057,000 30,015,000 25,067,000
Impairment
loss - - - 15,999,000
Total
operating
costs and
expenses 11,722,000 8,937,000 38,186,000 46,004,000
-------------- ----------- ------------ ----------
Loss from
Operations (13,844,000) (11,351,000) (39,408,000) (55,599,000)

Interest Income 1,485,000 687,000 7,611,000 2,266,000
Interest Expense (137,000) (97,000) (457,000) (316,000)
Other Income 11,000 3,000 38,000 28,000
--------------- ----------- ------------ ---------
Loss Before
Income Taxes (12,485,000) (10,758,000) (32,216,000) (53,621,000)
Provision for
Income Taxes - - 1,000 2,000

Net Loss $(12,485,000)$(10,758,000)$(32,217,000) $(53,623,000)
============ ============ ============ ============

Weighted Average
Common Shares
Outstanding 76,976,934 77,526,602 76,560,247 77,455,926
============= =========== ============ ===========

Net Loss Per
Share of Common
Stock -
Basic and Diluted $ (0.16) $ (0.14) $ (0.42) $ (0.69)




--------------------------------------------------------------------------------
Contact:
Capstone Turbine Corporation
General Media: Keith Field, 818-734-5465
or
FRB/Weber Shandwick
Investor Media: Jill Fukuhara, 310-407-6539



--------------------------------------------------------------------------------
Source: Capstone Turbine Corporation

[panik]

Capstone Turbine Announces Third Quarter Results
Thursday October 31, 4:12 pm ET


CHATSWORTH, Calif.--(BUSINESS WIRE)--Oct. 31, 2002--Capstone Turbine Corporation (Nasdaq:CPST - News; www.microturbine.com), the world`s leading microturbine power systems manufacturer, today reported revenue of $3.9 million for the quarter ended September 30, 2002, compared with revenue of $3.3 million for the third quarter of 2001. Capstone shipped 3.2 megawatts of power during the third quarter of 2002. The Company`s 60-kilowatt units represented slightly more than half of the megawatts shipped.
For the third quarter of 2002, Capstone`s net loss was $10.8 million, or ($0.14) per share, compared to a net loss of $12.5 million, or ($0.16) per share, in the third quarter of 2001.

The decrease in net loss was primarily attributable to lower operating costs in the current period.

"Current market conditions including tight capital spending budgets and declining wholesale electricity prices in some geographic areas are presenting significant challenges to near-term sales," said Dr. Ake Almgren, President and CEO of Capstone Turbine Corporation. "However, we continue to execute on the other strategic elements of our business plan to lay a foundation for long-term growth.

"Most notably, we have secured a major strategic partner in United Technologies Corporation (UTC) to help the Company develop the CHP market. This alliance brings valuable credibility, technological expertise, and sales and marketing capabilities that we believe provide a foundation for increasing sales of the Capstone MicroTurbine over time," said Dr. Almgren.

Operational Highlights

Approximately 70% of Capstone`s revenues were generated in North America during the third quarter of 2002, with another 20% coming from Asia.

Capstone achieved a number of important milestones in the third quarter of 2002 including:

Successfully running its Advanced Microturbine System at full temperature. The project continues on schedule and the first commercial release of the 200-megawatt unit is scheduled for 2004.
Shipping a 60-kilowatt simple cycle machine for the Fuel Cell Energy program combining the Capstone MicroTurbine with Fuel Cell Energy`s 250-kilowatt molten carbon fuel cell stack. The electric efficiency of the combined system is expected to be in the same range as a large combined cycle gas turbine.
The National Accounts Energy Alliance, which included the American Gas Foundation, the American Gas Association and the Department of Energy, selected Capstone Microturbines for use in 2 pilot CHP installations to learn about and promote energy efficient distributed energy solutions for commercial customers.
Financial Highlights

Gross loss in the third quarter of 2002 was $2.4 million, compared with $2.1 million in the same period of 2001. The increase in gross loss was primarily attributable to lower production volumes.

Research and development expenses decreased to $1.9 million, compared with $2.5 million in the third quarter of 2001. R&D expenses are reported net of contract offsets such as the U.S. Department of Energy advanced microturbine program. Contract offsets were $1.5 million in the third quarter of 2002, compared with $1.0 million in the same period a year ago.

Selling, general and administrative expenses decreased to $7.1 million, compared with $9.2 million in the third quarter of 2001.

Cash utilization was $10.8 million in the third quarter of 2002, substantially less than the $18.7 million used in the third quarter of last year.

Capstone continues to be in a strong financial position. As of September 30, 2002, Capstone held approximately $144.3 million in cash and cash equivalents, with no long-term debt, except for capital leases.

Outlook

"The uncertain market conditions, the lengthy sales cycle for our microturbines, and our limited visibility to orders prevent us from being able to accurately project near-term sales levels," said Dr. Almgren. "With this in mind, we are continuing to reduce our cost structure, and we expect full year 2002 operating expenses to be approximately 20% below 2001 levels, excluding the impact of the marketing rights impairment charge taken during the current year.

"However, we are continuing to invest appropriately in sales, marketing and customer service, and we are addressing the factors we believe will help increase adoption of our microturbines as market conditions become more favorable. We continue to gain a better understanding of the types of customers that will derive value from the use of a microturbine, which enables us to develop more targeted sales and marketing strategies. Our strategic alliance with UTC also gives us the opportunity to provide a better total CHP solution to commercial building customers than we have in the past.

"I will be working closely with Capstone`s new Chairman, Eliot Protsch of Alliant Energy, as I transition to retirement and the Company selects a new Chief Executive Officer. During this time period, we will make certain that Capstone continues to execute on the key goals of developing the CHP market, improving the total quality and reliability of our microturbines, and reducing the total installed cost of ownership," said Dr. Almgren.

About Capstone Turbine

Capstone Turbine Corporation is the world`s leading producer of very-low-emission microturbine systems used for onsite power production. In 1998, Capstone was the first to offer commercial power products utilizing microturbine technology, the result of more than ten years of focused research. Capstone Turbine has sold and shipped nearly 2,400 commercial production Capstone MicroTurbine systems to customers worldwide. These award-winning systems have documented more than 2 million hours of operation serving, among others, the following applications:

Hybrid electric vehicles (HEVs): onboard generation
Resource recovery: converting oilfield, landfill and sewage waste gases into electricity
Micro-cogeneration: combined heat/power/chilling/drying solutions
The 9s market: power security, quality and reliability
This press release contains "forward-looking statements," as that term is used in the federal securities laws, about Capstone`s business, with regard to the benefits of the strategic alliance with UTC, including expansion of Capstone`s markets, the expected first commercial release of the Advanced MicroTurbine System, electric efficiency of the Fuel Cell Energy program machine, full year operating expenses, improvement of its product quality, its ability to reduce the total cost of ownership for its products, the availability of near-term CHP applications, and the sufficiency of cash. These forward-looking statements are subject to numerous assumptions, risks and uncertainties that may cause Capstone`s actual results to be materially different from any future results expressed or implied in such statements. Such factors include, but are not limited to: 1) market acceptance and quality of Capstone`s technology and products; 2) the size, timing, shipment and pricing of individual orders; 3) the ability of Capstone to successfully execute its production and marketing plans; 4) the ability of Capstone`s sales channel partners to provide quality and cost effective solutions for customers; 5) the Company`s ability to develop additional microturbine product releases in a timely manner; 6) the Company`s ability to become profitable and the adequacy of cash to sustain operations, 7) the benefits, if any, derived from strategic alliances and the timing of those benefits; and other factors detailed in the Company`s filings with the Securities and Exchange Commission. Capstone cautions readers not to place undue reliance on these 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.

"CapstoneTurbine Corp" is a registered trademark and "MicroTubine" is a trademark of Capstone Turbine Corporation. All other trademarks mentioned in this press release are the property of their respective owners.

CAPSTONE TURBINE CORPORATION
CONSOLIDATED BALANCE SHEETS
(Unaudited)

December September
31, 2001 30, 2002

ASSETS
Current Assets:
Cash and cash equivalents $170,868,000 $144,333,000
Accounts receivable, net
of allowance for doubtful
accounts of $163,000 at
December 31, 2001 and
$251,000 at September 30,
2002 8,016,000 5,818,000
Inventory 21,973,000 16,218,000
Prepaid expenses and other
current assets 1,422,000 2,642,000
Total current assets 202,279,000 169,011,000
Equipment and Leasehold Improvements:
Machinery, equipment, and
furniture 22,895,000 24,822,000
Leasehold improvements 9,235,000 9,275,000
Molds and tooling 4,534,000 4,866,000
36,664,000 38,963,000
Less accumulated depreciation and
amortization 9,362,000 13,923,000
Total equipment and leasehold
improvements 27,302,000 25,040,000

Deposits on Fixed Assets 2,550,000 1,707,000
Other Assets 242,000 1,376,000
Intangible Assets, Net 21,881,000 2,934,000
Total $254,254,000 $200,068,000


LIABILITIES AND STOCKHOLDERS` EQUITY
Current Liabilities:
Accounts payable $ 3,490,000 $ 3,380,000
Accrued salaries and wages 1,440,000 1,768,000
Other accrued liabilities 1,263,000 1,094,000
Accrued warranty reserve 4,145,000 4,270,000
Deferred revenue 1,471,000 633,000
Current portion of capital
lease obligations 1,308,000 1,403,000
Total current liabilities 13,117,000 12,548,000

Long-Term Portion of Capital
Lease Obligations 2,525,000 1,432,000

Other Long-Term Liabilities 1,158,000 1,263,000

Commitments and Contingencies -- --

Stockholders` Equity:
Common stock, $.001 par value;
415,000,000 shares authorized;
77,207,383 and 77,532,060 shares
issued and outstanding at
December 31, 2001 and
September 30, 2002, respectively 77,000 78,000
Additional paid-in capital 521,668,000 522,661,000

Accumulated deficit (284,291,000) (337,914,000)
Total stockholders` equity 237,454,000 184,825,000
Total $254,254,000 $200,068,000




CAPSTONE TURBINE CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)

Three Nine
Months Ended Months Ended
September 30, September 30,
2001 2002 2001 2002

Revenues $ 3,346,000 $ 3,887,000 $ 25,811,000 $ 15,886,000
Cost of Goods
Sold 5,468,000 6,301,000 27,033,000 25,481,000
--------------------------- -------------- ---------
Gross Loss (2,122,000) (2,414,000) (1,222,000) (9,595,000)

Operating Costs
and Expenses:
Research and
development 2,512,000 1,880,000 8,171,000 4,938,000
Selling,
general and
admini-
strative 9,210,000 7,057,000 30,015,000 25,067,000
Impairment
loss - - - 15,999,000
Total
operating
costs and
expenses 11,722,000 8,937,000 38,186,000 46,004,000
-------------- ----------- ------------ ----------
Loss from
Operations (13,844,000) (11,351,000) (39,408,000) (55,599,000)

Interest Income 1,485,000 687,000 7,611,000 2,266,000
Interest Expense (137,000) (97,000) (457,000) (316,000)
Other Income 11,000 3,000 38,000 28,000
--------------- ----------- ------------ ---------
Loss Before
Income Taxes (12,485,000) (10,758,000) (32,216,000) (53,621,000)
Provision for
Income Taxes - - 1,000 2,000

Net Loss $(12,485,000)$(10,758,000)$(32,217,000) $(53,623,000)
============ ============ ============ ============

Weighted Average
Common Shares
Outstanding 76,976,934 77,526,602 76,560,247 77,455,926
============= =========== ============ ===========

Net Loss Per
Share of Common
Stock -
Basic and Diluted $ (0.16) $ (0.14) $ (0.42) $ (0.69)




--------------------------------------------------------------------------------
Contact:
Capstone Turbine Corporation
General Media: Keith Field, 818-734-5465
or
FRB/Weber Shandwick
Investor Media: Jill Fukuhara, 310-407-6539



--------------------------------------------------------------------------------
Source: Capstone Turbine Corporation

[gooseflesh]

....und hier noch für die Freunde der Komprimierung:


Dow Jones Business News
Capstone Turbine 3rd Quarter Revenue $3.9 Million
Thursday October 31, 4:43 pm ET


Capstone Turbine Corp. (NasdaqNM:CPST - News) - Chatsworth, Calif.
3rd Quar Sept. 30:
2002 2001
Revenue $3,887,000 $3,346,000
Net income (10,758,000) (12,485,000)
Avg shrs 77,526,602 76,976,934
Shr earns
Net income (.14) (.16)

Analysts expected Captstone Turbine Corp. to post a loss of 17 cents a share, according to a survey by Thomson First Call.

[Brucky]

Scheint alles nix zu bringen! Irgendwie kommen die Turbinen nicht in die Gänge.
Gruss
Brucky

[gooseflesh]

@Brucky

...was willst Du denn ?
Schau doch mal wo Capstone Anfang Oktober noch stand.
Wenn Dir 100% nicht reichen mußt Du nach Förtsch`s Daussender Ausschau halten

[Brucky]

Hi gooseflesh,
klar sind 100% nicht schlecht; aber wenn man die rund 60% für die Kooperation und den Quartalbericht rausrechnet verbleiben mal gerade 40%.
By the way:
gab es in Amiland eigentlich irgendwelche bösen Nachrichten nachbörslich, dass der Kurs jetzt bei 44 cents (-60%) steht oder ist das ein kleiner Rechenfehler?
Gruss
Brucky

[gooseflesh]

...also ich habe einen nachbörslichen Kurs von genau 1,00 $

[Brucky]

O.K.
Das mit den 44 cents war wohl ein Fehler aber wenn das so weiter geht, werden wir die 44 cents wohl bald sehen.
Gruss
Brucky

[gooseflesh]

Heute hat aber jemand die Turbinen angeworfen....+ 24 % intraday können sich sehen lassen

[Brucky]

Hi gooseflesh,
jetzt hoffe ich nur, dass der Turbine nicht das Gas ausgeht.
Gruss
Brucky

[gooseflesh]

Brucky, i hope so........

Sind wir eigentlich die einzigen die CPST im Depot haben ???

[gooseflesh]

Vorbörslich nochmal 5 Cents höher auf 1,31

[721hh]

hi leute!

griaß euch aus austria!

bin seit frühjahr auch in capstone investiert. hab damals voller begeisterung als ex-aktionärleser in diese aktie bei einem stand von 6€ investiert...

nun plage ich mich mit diesem titel und frag mich ob ich nicht doch nachkaufen sollt, denn die geschäfte laufen, zwar mager, aber irgendwann geht´s sich gen norden wieder und sooo günstig bekommt man selten einen umweltitel!

lg 721HH

[gooseflesh]

Hi 721hh,

ich denke, damals sind viele rein. Das war jedoch nicht spekulativ, denn die Geschichte hörte sich gut an.
Hatte CPST schon fast abgeschrieben, aber nachdem United Technologies mit 5% beteiligt ist, sehe ich die Sache wieder sehr positiv.
Wo sich der Kurs einpendeln wird ist natürlich schwer zu sagen, denkbar ist jedoch ein weiterer Einstieg von United Tech., oder eine komplette Übernahme.
Zu GE würde CPST auch passen.....man wird sehen.

[panik]

Capstone MicroTurbines Exceed 3 Million Operating Hours Worldwide
Tuesday December 10, 9:00 am ET
Documented Runtime of Onsite Energy Systems Equivalent to Nearly 350 Years


CHATSWORTH, Calif.--(BUSINESS WIRE)--Dec. 10, 2002--Leading microturbine power systems manufacturer Capstone Turbine Corporation (www.microturbine.com; Nasdaq:CPST - News) today confirmed it has documented nearly three million hours -- about 342 years -- of aggregated runtime among its microturbine systems operating in North America and overseas.
ADVERTISEMENT


Capstone MicroTurbine(TM) power systems -- which have only one moving part and use no hazardous fluids -- have integrated power electronics that control the system and have the capability to track hours of operation. Capstone has accumulated operating data on about half of the more than 2,400 microturbines the company has shipped since its 1998 introduction of the product. There are 8,760 hours in a year.

As part of its exhibit at the Power-Gen International trade show (www.powergen.com) opening today in Orlando, Florida, a large "odometer" in the Capstone Turbine booth #3901 is expected to roll past the 3,000,000 hour mark at 1 p.m. Eastern Time today.

Capstone Senior Vice-President of Sales and Marketing Hal Koyama, said, "Real-world experience is critical not only to validate the robustness of our products, but to provide a clear understanding of commercial market requirements and other important operating variables." Koyama will be speaking at the Power-Gen conference session on distributed generation today at 1:30 p.m. Eastern Time.

Capstone MicroTurbines are used by a variety of commercial, industrial and municipal facilities to generate power and heat for onsite use. Although they can fill backup power needs during blackouts, Capstone MicroTurbines are largely used in primary power applications, in which they are set to run anywhere from 8 to 24 hours daily.

"Ultra-low-emission Capstone MicroTurbines help reduce energy costs and frequently increase power reliability," said Dr. Ake Almgren, President and CEO of Capstone Turbine. Almgren is also on the Power-Gen presentation agenda addressing advances in microturbine technology tomorrow at 9:30 a.m. Eastern Time. "Many companies that use Capstone MicroTurbines also use the system`s clean, dry exhaust heat to mitigate their costs in water and space heating, process drying, and even air conditioning by using heat-powered absorption chillers." Capstone recently signed a distribution agreement with United Technologies (www.utc.com; NYSE:UTX) to facilitate the latter, combining Capstone MicroTurbines with UTC Carrier absorption chiller installations. UTC plans to display a 60-kilowatt microturbine in their Power-Gen exhibit booth #2737. UTC owns approximately 5% of Capstone Turbine.

About Capstone Turbine

Capstone Turbine Corporation (www.microturbine.com; Nasdaq: CPST) is the world`s leading producer of very-low-emission microturbine systems used for onsite power production. In 1998, Capstone was the first to offer commercial power products utilizing microturbine technology, the result of more than ten years of focused research. Capstone Turbine has sold and shipped more than 2,400 commercial production Capstone MicroTurbine systems to customers worldwide. These award-winning systems have documented 3 million hours of operation serving, among others, the following applications:

Micro-cogeneration: combined heat/power/chilling/drying solutions
Resource recovery: converting oilfield, landfill and sewage waste gases into electricity
The 9s market: power security, quality and reliability
Hybrid electric vehicles (HEVs): ultra-low-emission onboard generation
This press release contains "forward-looking statements," as that term is used in the federal securities laws, about Capstone MicroTurbines` performance and reliability. These forward-looking statements are subject to numerous assumptions, risks and uncertainties that may cause Capstone`s actual results to be materially different from any future results expressed or implied in such statements. Such factors include, but are not limited to: 1) market acceptance and quality of Capstone`s technology and products; and other factors detailed in the Company`s filings with the Securities and Exchange Commission. Capstone cautions readers not to place undue reliance on these 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.

Note: "Capstone Turbine Corp" is a registered trademark of Capstone Turbine Corporation.

All other trademarks mentioned in this press release are the property of their respective owners.

For publication-quality images, see:

www.microturbine.com/whatsnew/download1.asp
www.microturbine.com/whatsnew/download2.asp
www.microturbine.com/whatsnew/download3.asp

For information on Capstone`s recent strategic alliance with UTC, see:

www.microturbine.com/whatsnew/pressrelease.asp?article=191

For information on trade shows and conferences where Capstone will exhibit or present, see:

www.microturbine.com/events



--------------------------------------------------------------------------------
Contact:
Capstone Turbine Corporation
Keith Field, 818/734-5465
or
FRB/Weber Shandwick
Jill Fukuhara, 310/407-6539 (Investor Relations)



--------------------------------------------------------------------------------
Source: Capstone Turbine Corporation

[gooseflesh]

[gooseflesh]

[Brucky]

Hallo liebe Capstoner,
kann sich jemand den Anstieg der letzten 2 Tage erklären?
Nicht das es mich beunruhigt, aber so ohne Meldungen mal eben 30% rauf find ich irgendwie seltsam.
Gruss
Brucky

[gooseflesh]

na, besser als 30% ohne Meldung runter.....

[panik]

8:44am 01/29/03
Fuel cell developers extend surge after Bush`s speech (FCEL, PLUG, BLDP, HYGS) By Tomi Kilgore
Share of fuel cell developers continued to rally in Wednesday`s pre-open, after President Bush proposed $1.2 billion in funding to develop hydrogen-powered automobiles in his State of the Union address late Tuesday. Plug Power (PLUG) is surging 11 percent to $6, Ballard Power (BLDP) is rallying 5.2 percent to $11.04, FuelCell Energy (FCEL) is powering up 5.9 percent to $7.03 and Hydrogenics (HYGS) is up 12 percent to $4.89 in pre-open trading. Expectations of the proposal lifted those stocks 33 percent, 13 percent, 16 percent and 13 percent, respectively, ahead of the speech.

[kravitz]

Capstone Turbine Announces Results for 2002
Thursday February 27, 4:39 pm ET


CHATSWORTH, Calif.--(BUSINESS WIRE)--Feb. 27, 2003--Capstone Turbine Corporation (Nasdaq:CPST - News; www.microturbine.com), the world`s leading microturbine power systems manufacturer, today reported its results for the year ended December 31, 2002.
ADVERTISEMENT


Revenue for the quarter ended December 31, 2002 was $3.6 million as compared with $10.1 million for the fourth quarter of 2001. Capstone shipped 3.4 megawatts of power during the fourth quarter of 2002. This compares with 3.2 megawatts in the third quarter of 2002 and 11.1 megawatts during the fourth quarter of 2001.

For the fourth quarter of 2002, Capstone`s net loss was $20.7 million, or ($0.26) per share. Included in this were two significant adjustments, a $5.0 million impairment charge, or ($0.06) per share, related to the recuperator core manufacturing facility and a $3.6 million charge, or ($0.05) per share, to adjust the warranty reserve balance for anticipated obligations. Excluding these charges, the loss for the quarter was $12.1 million or ($0.15) per share compared to a net loss of $14.6 million, or ($0.19) per share, in the fourth quarter of 2001.

For the full year 2002, Capstone reported revenue of $19.5 million, compared with revenue of $36.0 million in 2001. Capstone`s net loss increased to $74.4 million, or ($0.95) per share, for the year ended December 31, 2002. The 2002 loss included ($0.20) per share for an impairment charge recorded in the second quarter and ($0.11) per share for the impairment and warranty adjustments recorded in the fourth quarter. Excluding these charges, results for the year would have shown a loss of $49.8 million, or $(0.64) per share compared with a net loss of $46.9 million, or ($0.61) per share, for the prior year.

"While tight capital spending in the market impacted Capstone in 2002, the Board believes management is making progress on the fundamentals necessary to build long-term success," said Eliot Protsch, Chairman of the Board of Directors of Capstone. "The company has many enthusiastic customers for its products in a wide variety of applications. Now we need to focus on the markets and applications with the greatest near-term potential. Under the leadership of our interim CEO, Emily Liggett, Capstone is addressing this challenge."

"We have made a number of changes designed to further strengthen our position as the leader in microturbine technology, while also taking steps to conserve our cash," said Ms. Liggett. "We believe these steps are important to seeing us through to becoming a profitable company within our existing cash resources. For immediate actions, we have identified three high-leverage areas for the company. These areas are focused vertical markets, lower maintenance costs and targeted new product development."

Ms. Liggett continued, "We are focusing on those markets where our sales channel partners are strong allies in providing complete solutions to end users. We realize that we do not need to provide the entire solution ourselves, but do need to make sure it exists for customers. We believe that working with our business partners to provide tailored solutions for specific end user applications is imperative to building the rate of adoption of microturbines.

"We are also working with our channel partners to address what we now realize are higher channel inventories than we had previously identified," said Ms. Liggett. "We estimate that today, up to 700 units are available for sale from our channels. We are working in concert with our channel partners as they place this inventory. We believe this will impact Capstone`s sales of products in 2003 and that 2002 sales were impacted by about 200 units that were shipped from channel partner inventories in that year."

Fourth Quarter Financial Highlights

Capstone shipped 69 units, comprised of 45 of its 60-kilowatt systems and 24 of its 30-kilowatt systems, in the fourth quarter of 2002. Product shipments in the quarter resulted in $2.6 million of revenues as compared with $8.8 million of product revenue in the same period a year ago. In the quarter, revenues from the sales of parts, accessories and service were $1.0 million compared with $1.3 million in the same period of the prior year.

Gross loss increased $10.0 million from the loss realized in the fourth quarter of 2001. This was primarily due to $8.6 million from the impairment and warranty adjustments recorded in the current period and $1.2 million from lower sales volume.

Research and development expenses are reported net of contract offsets such as the U.S. Department of Energy advanced microturbine program. Excluding the benefit of these offsets, $1.5 million and $0.7 million in 2002 and 2001, respectively, research and development expenses were $3.5 million, or $0.3 million higher in 2002 than in 2001.

Selling, general and administrative expenses decreased to $6.8 million, compared with $10.8 million in the fourth quarter of 2001. The decreased costs between periods are due to lower spending in 2002 and $1.3 million in lower amortization expense in the current quarter resulting from having fully impaired the marketing right earlier in the year.

Inventory at the end of 2002 was $15.9 million. While this inventory is expected to be used over time, only a portion of it is expected to be used to meet anticipated sales in 2003. The remainder is expected to be used in future periods. Therefore, $9.1 million was classified as current inventory and the remaining $6.8 million was long term.

The Company reduced cash utilization to $4.0 million in the fourth quarter, substantially less than the $10.8 million used in the third quarter of 2002 and the $10.8 million used in the fourth quarter of 2001. Operating activities used $7.1 million in cash in the fourth quarter of 2002 versus $9.2 million in the same period of 2001. Overall, the Company continues to be in a strong financial position. As of December 31, 2002, Capstone held approximately $140.3 million in cash and cash equivalents, with no long-term debt.

About Capstone Turbine

Capstone Turbine Corporation (www.microturbine.com; Nasdaq: CPST) is the world`s leading producer of low-emission microturbine systems. In 1998, Capstone was the first to offer commercial power products utilizing microturbine technology, the result of more than ten years of focused research. Capstone Turbine has sold and shipped over 2,500 commercial production Capstone MicroTurbine systems to customers worldwide. These award-winning systems have logged more than three million hours of operation.

This press release contains "forward-looking statements," as that term is used in the federal securities laws, about Capstone`s business, with regard to the ability to build long-term success, reach profitability, address its market challenges, maintain or strengthen its position as a leading technology, conserve its cash, maintain its business partners, deplete channel partner inventories or its ability to build its rate of adoption. These forward-looking statements are subject to numerous assumptions, risks and uncertainties that may cause Capstone`s actual results to be materially different from any future results expressed or implied in such statements. Such factors include, but are not limited to:

1) Market acceptance and quality of Capstone`s technology and
products;

2) Limited operating history characterized by net losses;

3) The size, timing, shipment and pricing of individual orders;

4) The ability of Capstone to successfully execute its production
and marketing plans;

5) The ability of Capstone`s sales channel partners to provide
quality and cost effective solutions for customers;

6) The Company`s ability to develop additional microturbine
product releases; and

7) Other factors detailed in the Company`s filings with the
Securities and Exchange Commission.

Capstone cautions readers not to place undue reliance on these 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 Turbine Corp." is a registered trademark of Capstone Turbine Corporation. All other trademarks mentioned in this press release are the property of their respective owners.

CAPSTONE TURBINE CORPORATION
CONSOLIDATED BALANCE SHEETS

December 31,
2002 2001
Assets
Current Assets:
Cash and cash equivalents $140,310,000 $170,868,000
Accounts receivable, net of allowance for
doubtful accounts and sales returns of
$194,000 in 2002 and $163,000 in 2001 4,893,000 8,016,000
Inventory 9,124,000 21,973,000
Prepaid expenses and other current assets 2,331,000 1,422,000
Total current assets 156,658,000 202,279,000
Equipment and Leasehold Improvements:
Machinery, equipment, and furniture 22,996,000 22,895,000
Leasehold improvements 8,480,000 9,235,000
Molds and tooling 4,350,000 4,534,000
35,826,000 36,664,000
Less accumulated depreciation and
amortization 15,346,000 9,362,000
Total equipment and leasehold
improvements 20,480,000 27,302,000

Non-current portion of Inventory 6,784,000 --
Deposits on Fixed Assets 708,000 2,550,000
Other Assets 532,000 242,000
Intangible Assets, Net 2,029,000 21,881,000
Total $187,191,000 $254,254,000

Liabilities and Stockholders` Equity
Current Liabilities:
Accounts payable $4,321,000 $3,490,000
Accrued salaries and wages 2,088,000 1,440,000
Other accrued liabilities 1,132,000 1,263,000
Accrued warranty reserve 6,913,000 4,145,000
Deferred revenue 734,000 1,471,000
Current portion of capital lease
obligations 1,522,000 1,308,000
Total current liabilities 16,710,000 13,117,000

Long-Term Portion of Capital Lease
Obligations 974,000 2,525,000

Other Long-Term Liabilities 1,325,000 1,158,000

Commitments and Contingencies -- --

Stockholders` Equity:
Common stock, $.001 par value;
415,000,000 shares authorized;
81,437,822 and 77,207,383
shares issued and outstanding at
December 31, 2002 and 2001 82,000 77,000
Additional paid-in capital 526,952,000 521,668,000
Accumulated deficit (358,646,000) (284,291,000)
Less Treasury stock, at cost; 197,213
shares in 2002 (206,000) --
Total stockholders` equity 168,182,000 237,454,000
Total $187,191,000 $254,254,000



CAPSTONE TURBINE CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS

YEARS ENDED DECEMBER 31, 2002 AND 2001

2002 2001

Net Revenues $19,529,000 $35,956,000
Cost of Goods Sold (including impairment
loss of $5,016,000 in 2002) 41,530,000 39,602,000
Gross Loss (22,001,000) (3,646,000)
Operating Costs and Expenses:
Research and development 6,966,000 10,658,000
Selling, general, and administrative 31,846,000 40,780,000
Impairment loss on Marketing Rights 15,999,000 --
Total operating costs and expenses 54,811,000 51,438,000
Loss from Operations (76,812,000) (55,084,000)
Interest Income 2,840,000 8,690,000
Interest Expense (407,000) (585,000)
Other Income (Expense), net 26,000 121,000
Loss Before Income Taxes (74,353,000) (46,858,000)
Provision for Income Taxes 2,000 1,000
Net Loss $(74,355,000) $(46,859,000)
Net Loss Per Share of Common Stock -- Basic
and Diluted $(0.95) $(0.61)
Weighted Average Common Shares Outstanding 78,130,795 76,694,670



CAPSTONE TURBINE CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS

THREE MONTHS ENDED DECEMBER 31, 2002 AND 2001

2002 2001

Net Revenues $3,643,000 $10,145,000
Cost of Goods Sold (including impairment
loss of $5,016,000 in 2002) 16,049,000 12,569,000
Gross Loss (12,406,000) (2,424,000)
Operating Costs and Expenses:
Research and development 2,028,000 2,487,000
Selling, general, and administrative 6,779,000 10,765,000
Total operating costs and expenses 8,807,000 13,252,000
Loss from Operations (21,213,000) (15,676,000)
Interest Income 574,000 1,079,000
Interest Expense (91,000) (128,000)
Other Income (Expense), net (2,000) 83,000
Loss Before Income Taxes (20,732,000) (14,642,000)
Provision for Income Taxes -- --
Net Loss $(20,732,000) $(14,642,000)
Net Loss Per Share of Common Stock -- Basic
and Diluted $(0.26) $(0.19)
Weighted Average Common Shares Outstanding 80,168,807 77,098,076



CAPSTONE TURBINE CORPORATION
CONSOLIDATED STATEMENTS OF CASH FLOWS

YEARS ENDED DECEMBER 31, 2002 AND 2001

2002 2001
Cash Flows from Operating Activities:
Net loss $(74,355,000) $(46,859,000)
Adjustments to reconcile net loss to net
cash used in operating activities:
Depreciation and amortization 9,891,000 10,560,000
Impairment loss on fixed assets and
manufacturing rights 5,016,000 --
Impairment loss on marketing rights 15,999,000 --
Provision for doubtful accounts and
returns 215,000 --
Inventory write-down 4,793,000 2,900,000
Provision for warranty expenses 6,175,000 2,391,000
Loss on disposal of fixed assets 102,000 90,000
Non-employee stock compensation -- 396,000
Employee stock compensation 1,024,000 2,139,000
Changes in operating assets and
liabilities:
Accounts receivable 2,907,000 (4,301,000)
Other assets 100,000 --
Inventory 1,272,000 (10,750,000)
Prepaid expenses and other assets (1,302,000) 236,000
Accounts payable 830,000 (1,238,000)
Accrued salaries and wages 639,000 531,000
Other accrued liabilities 44,000 578,000
Accrued warranty reserve (3,406,000) (3,835,000)
Deferred revenue (737,000) (2,592,000)
Net cash used in operating activities (30,793,000) (49,754,000)
Cash Flows from Investing Activities:
Acquisition of and deposits on equipment
and leasehold improvements (2,515,000) (16,818,000)
Proceeds from sale of equipment -- 1,000
Acquisition of Intangible assets -- (557,000)
Net cash used in investing activities (2,515,000) (17,374,000)
Cash Flows from Financing Activities:
Repayment of capital lease obligations (1,309,000) (1,347,000)
Exercise of stock options, warrants and
employee stock purchases 280,000 2,506,000
Stock issuance costs -- (110,000)
Purchase of treasury stock (206,000) --
Net proceeds from issuance of common stock 3,985,000 --
Net cash provided by financing
activities 2,750,000 1,049,000
Net Decrease in Cash and Cash Equivalents (30,558,000) (66,079,000)
Cash and Cash Equivalents, Beginning of
Year 170,868,000 236,947,000
Cash and Cash Equivalents, End of Year $140,310,000 $170,868,000
Supplemental Disclosures of Cash Flow Information
Cash paid during the year for:
Interest $407,000 $584,000
Income taxes $2,000 $1,000



--------------------------------------------------------------------------------
Contact:
Capstone Turbine Corporation
Wade Welch, 818/734-5555 (Investor Media)
Keith Field, 818/734-5465 (General Media)



--------------------------------------------------------------------------------
Source: Capstone Turbine Corporation

[circuit]

Ich denke, so langsam dürfen wir uns wieder CPST zuwenden.

Die Aktie notiert trotz der Aufholjagd der letzten Tage immer noch unter ihrem Cash-Bestand:

[circuit]

Weitere 30 % seit meinem letzten Posting.

Nun ja, inzwischen weiß ja fast jeder, dass das laufende Quartal super Zahlen bringen wird.

[Brucky]

Schade!Irgendwie ist es echt ruhig um Capstone geworden. Wann gibt es denn die nächsten Zahlen?
Gruss
Brucky

[panik]

http://www.cbc.ca/stories/2003/08/14/energyexpert_030814
We predicted blackout: energy expert
Last Updated Fri, 15 Aug 2003 2:39:12
BOULDER, COLORADO - Energy experts have been warning about large-scale blackouts in North America since the early eighties.


INDEPTH: Power outage

Bill Browning of the Rocky Mountain Institute in Colorado says a report for the U.S. Pentagon in 1982 cautioned the American government about the fragility of the power grid system in North America.

The blackout forced workers out of office towers in downtown Toronto
The institute is an energy think tank. Browning runs the green development section.

"Everyone is pulling power and there`s lots of big stations on the grid. All you need is one tenuous problem and it cascades throughout," Browning told CBC News Online.

Other experts agree.

"It`s pretty close to peak demand," Gerry Angiovine of Navigant Consulting in Calgary, told CBC News Online.

"If suddenly you get one or two of the big suppliers going down…you may have a situation where you`ve got more being drawn than the system can supply…" he said.

Browning says a few years ago the same thing happened on the West Coast. Six states lost power all because a squirrel got burned on one of the transformers at a crucial time.

"Can you imagine? The entire power system breaks down because of a small rodent?"

He says the solution would be to have something called "distributed generation" — a grid system supported by smaller producers, almost on a building by building scale. Browning says other energy sources such as fuel cells and micro-turbines should be used to shoulder the burden of energy distribution.


DISCUSSION FORUM: How is this power outage affecting you and your area?

"At one time, the grid system seemed logical. If you have to do maintenance on one plant, then the grid connects everyone so the power keeps up. But that is also a fragility in the system."
William Rosehart of the University of Calgary disagrees.

Rosehart told CBC Television that the system is far from fragile.

"Because of the high temperature, the system is at capacity and it becomes susceptible. What`s been missing is that in the last 10 years there`s been no incentive to improve the capacity, so the ability to deal with problems is decreased."

Browning says energy experts such as himself are not surprised by the current blackout. He says it is bound to happen from time to time.

"The system, as we have designed it, is brittle. The only way we can make it resilient is to make it a (mixture of sources) so that if portion of it goes down, we can have islands of power still operating."

Browning says it often takes a major event to make authorities realize something needs to be done.



Written by CBC News Online staff

[Fuchsie]

615344 Capstone Turbinen.

Ist noch unterbwertet und hat viel Luft nach oben.


Mit den besten Grüßen
Fuchsie

[PennyStocks]

auf instinet schon 1,45/1,80 USD!!!

Capstone wird sicherlich von steigender Nachfrage in Folge der dunklen Nacht in Amiland profitieren. Mal sehen, ob wir die 103 Euro noch mal sehen...

[panik]

8:47AM Alternative energy stocks surge in pre-market : Momentum players pouring into alternative energy names as a play on the power outage. Movers of note include PLUG +19%, FCEL +13%, BLDP +12.5%, HYGS +9%. Traders also picking up Superconductor cable related stocks such as AMSC +25%, SCON +11%, IMGC +5.5%... Also finding interest is power supply mgmt name APCC +7.6%... On the downside in pre-market is PDLI (-18%) on news of Genentech patent dispute.

[herrdoktor]

etwas neueeres

25.08.03 Capstone Turbine aussichtsreich


Die Anlageexperten vom Anlegerbrief "INSIDER TRADING" halten die Aktie von Capstone Turbine (ISIN US14067D1028/ WKN 615344) für ein aussichtsreiches Investment. Der Absatz von Microturbinensystemen sei zwar im zweiten Quartal von 7,4 Mio. USD im VJ auf nun 4,1 Mio. USD zurückgegangen, doch erwarte man aufgrund des "Black-Outs" eine Fülle von Neuaufträgen. Zudem habe das Management von vielversprechenden Zahlen im laufenden Quartal gesprochen, was noch vor dem Stromausfall in den USA gewesen sei. Das Unternehmen habe die Verluste deutlich reduzieren können. Nach einem Verlust von 30,8 Mio. USD oder 0,40 USD je Aktie in 2002, habe der Verlust im 2.Quartal 2003 bei 9,4 Mio. USD oder 0,12 USD je Aktie gelegen. Die Experten würden dem Wert langfristig viel Potential zutrauen. Denn der Bundesstaat Kalifornien habe schon seit Jahrzehnten Schwierigkeiten, den hohen Energiebedarf abzudecken. Auch im Zusammenhang mit Terroranschlägen müssten Firmen ihre Energiesysteme überdenken. Fundamental stehe die Firma aus Chatsworth, Kalifornien, gut dar. Die Cash- und Cash-Equivalentpositionen würden derzeit 126,4 Mio. USD betragen. Dem stehe eine Marktkapitalisierung in Höhe von 141,4 Mio. USD gegenüber. Daraus ergebe sich, dass Capstone nur mit einem geringen Discount über dem bilanziellen Cash-Wert gehandelt werde. Vor dem Hintergrund, dass der Insider Richard Donnely vor Kurzem in das Unternehmen investiert habe, raten die Experten von "INSIDER TRADING" zum spekulativen Einstieg in die Aktie von Capstone Turbine.

Quelle: INSIDER TRADING

viel spaß

[realox]

isn nu los?!

[panik]

Companies look to generate own power post-blackout
Tuesday August 26, 11:59 am ET
By Scott DiSavino


NEW YORK, Aug 26 (Reuters) - Businesses stung by the Aug. 14 blackout -- the biggest ever to hit North America -- are taking a hard look at ways to generate their own electricity.
On-site, or "distributed," generation allows electric customers to go off the local power grid, drawing on a growing array of microturbines, fuel cells and solar panels.

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"We`ve definitely seen a pick up in interest in our distributed generation technologies -- fuel cells and microturbines," said Peter Dalpe, spokesman for the UTC Power and UTC Fuel Cells units of United Technologies Corp. (NYSE:UTX - News) of Hartford, Connecticut.

Most distributed generation technology incorporates cogeneration, which captures heat energy to provide steam and hot water while making electricity.

Big industrial users like oil refineries, steel and auto makers typically use cogeneration to run their facilities.

Meanwhile, many small and mid-sized businesses have benefited from distributed generation by installing fuel cells and microturbines to provide electricity, heat and cooling.

In New York, UTC Power`s PC25 fuel cells kept the lights on at the Conde Nast tower in Times Square and the police station in Central Park during the Aug. 14 blackout.

Fuel cells convert the chemical energy of hydrogen (derived from natural gas) directly into electricity without any combustion and with virtually no pollution.

A 200-kilowatt UTC Power PC25 fuel cell costs about $900,000, or $4,500 per kilowatt, and could pay for itself in about four years or less in much of the United States.

Microturbines, which burn a variety of gaseous and liquid fuels, like natural gas, provide electricity, heat and power with near-zero emissions and little maintenance.

Capstone Turbine Corp.`s (NasdaqNM:CPST - News) 30-kilowatt and 60-kilowatt microturbines sell for about $1,100 per kilowatt, and could pay for themselves in about three years.

Up to 100 Capstone microturbines can be linked to generate heat and power.

In addition to Capstone, Ingersoll-Rand Ltd (NYSE:IR - News) manufactures microturbines, while many companies develop fuel cells, including UTC Power, DuPont Co. (NYSED - News), General Motors Corp. (NYSE:GM - News), Ballard Power Systems Inc. (Toronto:BLD.TO - News), FuelCell Energy Inc. (NasdaqNM:FCEL - News) and Plug Power Inc. (NasdaqNM:PLUG - News).

[herrdoktor]

Und so siehts heut aus



dok

[realox]

interessiert wohl niemanden(ausser mir), dass die so mustergültig laufen in US ?

[Stock-Fool]

Doch, doch - ich sehe auch noch hin!

Sieht echt gut aus!

Gruß
S-F

[circuit]

Heute nachmittag sehen sie aber nicht mehr so gut aus:

Capstone delays production, lowers 3rd-qtr view
Wednesday September 17, 1:17 am ET


NEW YORK, Sept 17 (Reuters) - Capstone Turbine Corp. (NasdaqNM:CPST - News), a maker of microturbine systems, said on Wednesday that quality problems had caused it to delay production of some models of its products, adding that third-quarter financial results would be lower than expected due to lower shipments.

[Stock-Fool]

@ Circuit

Megadank für den Hinweis!!

Bin deshalb bei 2,10 € heute morgen noch eben rechtzeitig rausgekommen!

[Telefondieter]

abwarten. könnte ein fehler gewesen sein.

[circuit]

@telefondieter

Was war ein Fehler.......?

Zu 2,10 raus um wieder (?) bei 1,80 rein zu können ??????

@stock-Fool

..ich schreib mir Mal auf:

"....von stocky einen Champus gut...."

i.O. ?

[Wouw]

Die steigen wieder. Das wird nur eine kurze Konsolidierung

[Stock-Fool]

@ circuit

Hast was gut ! Nur Schampus hab ich leider nicht!

@ Wouw

Bin auch schon wieder drin! Nach Hurricane 2 mio Menschen ohne Strom in USA!

[circuit]

Bin nun auch wieder long, nachdem die Probleme gelöst sind:

Capstone resumes some microturbine production
Wednesday September 24, 1:13 am ET


NEW YORK, Sept 24 (Reuters) - Capstone Turbine Corp. (NasdaqNM:CPST - News) said on Wednesday it had resumed production of its model C60 microturbines, which it had halted due to quality problems.
The Chatsworth, California, maker of microturbine systems said it was still delaying production of its low-pressure natural gas C30 model due to a "component issue," though it expects to resume in the next two to three weeks.

The company said on September 17 that quality issues had caused it to delay production of some models of its products and added that third-quarter financial results would be lower than expected due to lower shipments.

Capstone shares closed up 10 cents at $2.02 on Tuesday.

[Isar1]

Vielleicht geht´s morgen ausnahmsweise mal wieder nach oben:

Blackout in San Francisco

Ein Stromausfall hat Teile der Innenstadt von San Francisco lahm gelegt. Zeitweise waren rund 120.000 Menschen von dem Blackout betroffen. Noch immer sind einige Bereiche der Stadt ohne Strom. Nach offiziellen Angaben gab es jedoch keine Verletzte oder Tote. Auch der U-Bahn-Verkehr war betroffen, da mehre Stationen nicht angefahren werden konnten.

Die Ursache ist nach Behördenangaben ein Brand in einer Zentralstation der Energieversorgung. Dieser löste eine Kettenreaktion aus, die mehrere andere Verteiler lahm legte. Das Zentrum war zu diesem Zeitpunkt von zahlreichen Weihnachtseinkäufern bevölkert.

Wiederholt haben Stromausfälle in den USA große Gebiete oder Millionenstädte lahm gelegt. Von einem riesigen Blackout waren Mitte August mehr als 50 Millionen Verbraucher in den USA und Kanada betroffen.


Quelle: tagesschau.de
Stand: 21.12.2003 10:34 Uhr

[Isar1]

Pentagon-Studie warnt vor Klima-Kollaps
Hamburg (APA) - Ein dramatisches Zukunfts-Szenario beschreibt eine neue Studie des US-Verteidigunsministeriums: Die zunehmende Erderwärmung könnte den Golfstrom zum Erliegen bringen und eine neue Eiszeit bewirken. Dieser Klimakollaps würde die Sicherheit der USA gefährden. Die Bush-Administration schweige zu dem Dokument, weil sie Druck auf die US-Industrie fürchtet, berichtet "Spiegel-Online" am Sonntag.

Das in der Pentagon-Studie beschriebene Szenario ist ebenso bedrohlich wie realistisch: Der Golfstrom, der wie eine riesige Warmwasserheizung Milliarden Liter von Tropen-Wasser in den Norden pumpt, verliert an Kraft, ändert seine Richtung und kollabiert plötzlich ganz. Eisige Winde brausen über Nordeuropa hinweg, verheerende Stürme und Fluten verwüsten die Küsten. Die Wälder sterben ab, die Ebenen an Nord- und Ostsee gefrieren zur Tundra. Weitere Folgen wären verheerende Dürren im Süden der USA und Überschwemmungen in China. Skandinavien würde sich in eine Eiswüste verwandeln, dicht besiedelte Küstenstaaten wie Holland oder Bangladesh würden überflutet. Millionen hungernder Flüchtlinge würden ihre Heimat verlassen und in die reichen Länder drängen. Länder mit labiler Regierung wie Pakistan oder Russland könnten versucht sein, ihr Nukleararsenal einzusetzen, um sich Nahrung oder Rohstoffe zu erkämpfen, warnen die Autoren der Studie. Die Welt könnte in Anarchie versinken. Fazit des Pentagon-Berichts: Der Klimawandel birgt viel größere Risiken als der Terrorismus. Seit Jahren warnen Forscher vor den Folgen eines abrupten Klimawechsels, doch die US-Administration unter Bush negierte jede Notwendigkeit, im Land der weltgrößten Energieverbraucher etwas zu ändern. Das Papier wird laut "Spiegel Online" von der Bush-Regierung als so brisant eingestuft, dass sie dazu bisher nicht Stellung genommen hat.
APA 20:37 22.02.2004

[Isar1]

New Yorkern droht ein neuer Blackout

Auf einer Auktion wollte das amerikanische Unternehmen Conjunction seine neuen Stromleitungen an Energiekonzerne versteigern. Das Netz sollte New York mit Elektrizität versorgen. Doch die Interessenten sprangen ab, jetzt droht der Metropole ein neuer Blackout.
New York - "Amerika ist eine Weltmacht mit einem Dritte-Welt-Stromnetz" klagte Bill Richardson, Gouverneur New Mexikos, nach dem Stromausfall in New York. Am 14. August um 16.11 Uhr begann in der Metropole plötzlich der Ausnahmezustand. Klimaanlagen, Computer, Telefone stehen still, nichts geht mehr. Die Sieben-Millionen-Einwohner-Metropole ist für Stunden vom Netz - ein Blackout der Superlative.

2600 Megawatt zusätzliche Energie benötigt New York bis zum Jahr 2008. Ohne den neuen Strom droht entweder ein neuer Blackout oder Unterversorgung - kein Licht für die New Yorker zwischen 3 und 5 Uhr morgens?

Ein neues Versorgungsnetz, die so genannte Empire Connection Line des Konzerns Conjunction LLC, sollte Abhilfe schaffen. Das Projekt würde nach seiner Umsetzung rund 2000 Megawatt günstig aus dem Norden New Yorks in die Stadt bringen. Eine Menge Saft, die sonst nur vier groß Kraftwerke in der Stadt erzeugen könnten. Durch den neuen Versorger würden die New Yorker Verbraucher sogar sparen: nach ersten Berechnungen etwa 600 Millionen Dollar pro Jahr.

Am vergangenen Freitag wollte die Conjunction LLC den Zugang zu ihren Leitungen versteigern. Die Einnahmen aus der Auktion sollten als Sicherheit für ein Darlehen von rund 500 Millionen Dollar dienen, die Conjunction als Anschubfinanzierung benötigt. Doch die Energiekonzerne machten einen Rückzieher, die Auktion wurde abgesagt.

"Immer wieder musste ich mir anhören, dass die Finanzabteilungen den Investoren einen Strich durch die Rechnung machten", sagt Conjunction-Geschäftsführer Steve Mitnick. "Den Konzernen ist der Energiemarkt zur Zeit zu unsicher."

Branche ist durch Enron-Pleite geschwächt

Dabei hatte Conjunction das Angebot bereits im Sinne der Investoren überarbeitet und statt einer zehnjährigen Vertragslaufzeit eine fünfjährige angeboten. "Nach dem Enron-Fall ist in der Branche niemand mehr bereit, so lange Verpflichtungen einzugehen", erklärt Mitnick das Entgegenkommen. "Doch selbst das konnte uns nach dieser spektakulären Pleite nicht mehr helfen."

Der texanische Energiehändler Enron war Ende 2001 nach massiven Bilanzfälschungen in den Bankrott gestürzt, die ehemaligen Manager des Konzerns stehen heute vor Gericht. Nach dem Zusammenbruch verringerten andere Energiekonzerne ihre Investitionen in den Markt, das Leitungsnetz wurde nicht ausgebaut und so verschlechterte sich auch die Chance der New Yorker auf eine bessere Versorgung.

Conjunction will dennoch weiter mit den Investoren verhandeln. "Wir hoffen immer noch, dass wir eine für alle verträgliche Lösung finden", sagt Geschäftsführer Mitnick. Das Netz seines Konzerns würde 130 Kilometer umfassen und genug Strom für zwei Millionen Haushalte liefern - eine Menge, die einen neuen Blackout in New York verhindern würde.

Quelle: www.spiegel.de (01.03.2004)

[Isar1]

@ alle

Warum interessiert sich hier im Board eigentlich keiner mehr für Capstone?

Kann mir jemand sagen, woher die hohen Umsätze zum gestrigen Börsenschluß und im after hour trading kommen? Was ist da im Busch?

Isar1

[Brucky]

Zu den hohen Umsätzen......keene Ahnung!
So wie es aussieht war der run aber leider nicht von Dauer.
Schade auch.
Gruss
brucky

[Isar1]

Aufgemerkt!
Bei CPST startet gerade die Kerry-Rallye!

Isar1