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Capstone Turbine Corporation Addresses Statements Made in Interview with Bloomberg Reporter

2008-07-24 18:52:00

Capstone Turbine Corporation Addresses Statements Made in Interview with Bloomberg Reporter

CHATSWORTH, Calif.–(EMWNews)–Capstone Turbine Corporation (

(NASDAQ:CPST), the world’s leading clean technology manufacturer of

microturbine energy systems, today addressed items contained in a

Bloomberg news article resulting from an interview with Darren R.

Jamison, the Companys President and Chief

Executive Officer.

The Bloomberg article, published on July 21, 2008, quotes Mr. Jamison as

saying that sales estimates in the mid-$50 million range for the fiscal

year ending March 31, 2009 are very

obtainable and reasonable. The article also

quotes Mr. Jamison as stating that the fiscal year ending March 31, 2012 is

a reasonable date for the Company to achieve

an annual profit. Mr. Jamisons comments were

in response to questions about an analysts

specific financial model indicating a revenue target in the mid-$50

million range for the year ended March 31, 2009 and profitability in

2012. The comments were not intended to represent managements

financial projections or outlook in general.

The Company does not publicly disclose its internal financial

projections. As stated in its Annual Report on Form 10-K for the year

ended March 31, 2008, the Company has established a goal to achieve cash

flow positive when it ships approximately 250 units in a quarter,

depending on the product mix. Although there can be no assurance,

Capstone management believes that the Company will be profitable before


About Capstone Turbine

Capstone Turbine Corporation (

(NASDAQ:CPST) is the world’s leading producer of low-emission

microturbine systems, and was the first to market commercially viable

microturbine energy products. Capstone Turbine has shipped over 4,000

Capstone MicroTurbine(R) systems to customers worldwide. These

award-winning systems have logged millions of documented runtime

operating hours. Capstone Turbine is a member of the U.S. Environmental

Protection Agency’s Combined Heat and Power Partnership, which is

committed to improving the efficiency of the nation’s energy

infrastructure and reducing emissions of pollutants and greenhouse

gases. A UL-Certified ISO 9001:2000 and ISO 14001:2004 certified

company, Capstone Turbine is headquartered in the Los Angeles area with

sales and/or service centers in New Jersey, New York, Mexico City,

Milan, Bath, Shanghai and Tokyo.

Capstone Turbine Corporation and Capstone MicroTurbine are registered

trademarks of Capstone Turbine Corporation. All other trademarks

mentioned are the property of their respective owners.

This press release contains “forward-looking statements,” as that term

is used in the federal securities laws, about sales estimates for fiscal

2009 and the Companys profitability goals.

Forward-looking statements may be identified by words such as “expects,”

“objective,” “intend,” “targeted,” “plan” and similar phrases. These

forward-looking statements are subject to numerous assumptions, risks

and uncertainties described in Capstone’s filings with the Securities

and Exchange Commission that may cause Capstone’s actual results to be

materially different from any future results expressed or implied in

such statements. Capstone cautions readers not to place undue reliance

on these forward-looking statements, which speak only as of the date of

this release. Capstone undertakes no obligation, and specifically

disclaims any obligation, to release any revisions to any

forward-looking statements to reflect events or circumstances after the

date of this release or to reflect the occurrence of unanticipated


Capstone Turbine Corporation
Alice Barsoomian, 818-407-3628

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