World of Investment - Das Finanzportal für Ihren Erfolg an der Börse!

ein Tip von Buchi1971...






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Jeder macht das was er will, jeder macht das was das beste für jeden selber ist. Wer auf andere zeigt und nicht die Fehler bei sich sucht fällt ins Nichts. Wer sich nicht informiert kann direkt gehen. Manchmal kann es schneller gehen als man denkt, deswegen muss man einfach schneller gehen

 

gez m.

 

http://www.capstoneturbine.com/

HP

Capstone Turbine Corporation ® is the world's leading producer of low-emission microturbine systems, and was first to market with commercially viable microturbine energy products. Capstone Turbine has shipped thousands of Capstone MicroTurbine systems to customers worldwide. These award-winning systems have logged millions of documented runtime operating hours.

 

Company History Founded in 1988, Capstone Turbine Corporation has grown into the market leader for microturbine solutions. Here is an “at a glance” timeline of our milestones.

 

Leadership Our Leadership consists of our Board of Directors and the Capstone Management Team.

 

Value of Capstone Continuous duty Capstone MicroTurbine systems operate daily to save energy, money and the environment, all in one simple, easily deployable, reliable solution.

 

Code of Business We are committed to the highest standards of honest, ethical and legal behavior.

 

Locations We are a global company with offices around the world to better reach our customers.

 

Global Case Studies Experience Counts! We have our MicroTurbine systems running on every continent except Antarctica!

 

FAQ Have a questions? Visit our FAQs section

 

Business Partners Learn about our business partners around the world

 

Careers Look through job openings at Capstone Turbine

 

Contact Capstone Still have questions? Please feel free to contact us.

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Jeder macht das was er will, jeder macht das was das beste für jeden selber ist. Wer auf andere zeigt und nicht die Fehler bei sich sucht fällt ins Nichts. Wer sich nicht informiert kann direkt gehen. Manchmal kann es schneller gehen als man denkt, deswegen muss man einfach schneller gehen

 

gez m.

 

Webcast
Q3 2008 Capstone Turbine Earnings Conference Call (Replay)
02/11/08 at 1:45 p.m. PT

Capstone Turbine Corporation engages in the development, manufacture, marketing, and service of microturbine technology solutions. Its solutions are primarily used in stationary distributed power generation applications, including cogeneration, resource recovery, and secure power. The company's solutions are also be used as generators for hybrid electric vehicle applications. It sells microturbine units, subassemblies, components, and various accessories. The company also offers various accessories, including rotary gas compressors with digital controls; heat recovery modules for CHP applications; dual mode controllers that allow automatic transition between grid connect and stand-alone modes; batteries with digital controls for stand-alone or dual-mode operations; power servers for multipacked installations; protocol converters for Internet access; packaging options; and miscellaneous parts, such as frames, exhaust ducting, and installation hardware. Capstone Turbine sells its products through distributors and dealers primarily to distributors, authorized service companies, original equipment manufacturers, and end users in North America, Asia, Europe, and Russia. The company was founded in 1988 and is headquartered in Chatsworth, California.
http://finance.yahoo.com/q/pr?s=CPST

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Jeder macht das was er will, jeder macht das was das beste für jeden selber ist. Wer auf andere zeigt und nicht die Fehler bei sich sucht fällt ins Nichts. Wer sich nicht informiert kann direkt gehen. Manchmal kann es schneller gehen als man denkt, deswegen muss man einfach schneller gehen

 

gez m.

 

Stargold123 hat folgendes geschrieben: ein Tip von Buchi1971...

gelb 200 rot 100 Tageeslinie






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Jeder macht das was er will, jeder macht das was das beste für jeden selber ist. Wer auf andere zeigt und nicht die Fehler bei sich sucht fällt ins Nichts. Wer sich nicht informiert kann direkt gehen. Manchmal kann es schneller gehen als man denkt, deswegen muss man einfach schneller gehen

 

gez m.

 

So der Grund steht, Fragen ahben sich mir wegen dem herben Kursverkust ergeben den die Aktie in den letzten jahren hinnehmen musste, könnte sein das erst die Börse das ganze finaziert hat und nun der Wert auf einem realistischen, gereinigten Niveau sich gefunden hat. Der kurzfristeige und mittelfristige Kursverlauf scheint aber wieder den Norden als Ziel zu finden.
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Jeder macht das was er will, jeder macht das was das beste für jeden selber ist. Wer auf andere zeigt und nicht die Fehler bei sich sucht fällt ins Nichts. Wer sich nicht informiert kann direkt gehen. Manchmal kann es schneller gehen als man denkt, deswegen muss man einfach schneller gehen

 

gez m.

 

SCAQMD OKs $6.2 Million to Buy, Install Capstone MicroTurbinesContract Award to Facilitate Power Conservation via Clean Onsite Generation at Facilities Throughout Southern California


CHATSWORTH, Calif., Nov 19, 2001 (BUSINESS WIRE) -- 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).

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) 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

URL: http://www.businesswire.com
Today`s News On The Net - Business Wire`s full file on the Internet
with Hyperlinks to your home page.

Copyright (C) 2001 Business Wire. All rights reserved.

 

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

 

Der Verlauf war eigentlich typisch für ein Technologie Start-UP, zuerst viel Phantasie, Bushs Irakkriege und das marode Stromnetz wurden für newslose Zeiten gerne besprochen. Und haben den Kurs dann gestützt, nach den ersten Aufträgen kamen immer mehr hinzu, aber bis heute liegt ein großes Problem im Bereich der Kosten. Im Jahr 2003 konnte man sich den titel Weltmarktführer im Bereich Micro Turbinen an die Zentrale heften. 2003 war auch der große Stromausfall in den Staaten. Cash für den operativen Bereich war zu der Zeit schon ausreichend vorhanden.
http://caldeiraodebolsa.jornaldenegocios.pt/viewtopic.php?t=14906
http://caldeiraodebolsa.jornaldenegocios.pt/viewtopic.php?t=14914


Aufträgen waren damals nicht das Problem.

2004 häuften sich die dicken Blackouts drüben....

BLACKOUTS IN DEN USA

"Das Risiko gerät außer Kontrolle"

Stundenlang zappenduster in Metropolen wie New York - dieses Szenario wird sich nach Meinung von Wissenschaftlern noch öfters wiederholen. Die Stromausfälle seien eine logische Folge des Netzaufbaus und nur mit hohen Investitionen zu verhindern.

New York ohne Lampen: Am 14. August 2003 brach das Stromnetz an der Ostküste zusammen
Die Crashs im US-Stromnetz im vergangenen Jahr waren ein Schlag gegen das Selbstbewusstsein einer ganzen Nation. Wenn die Thesen stimmen, die zwei amerikanische
Wissenschaftlerteams unabhängig voneinander aufgestellt haben, sind Zusammenbrüche der Energieversorgung im System programmiert.
John Kappenmann, der die US-Regierung in Energiefragen berät, warnte auf einer Tagung von Meteorologen in Seattle vor geomagnetischen Stürmen. Diese könnten noch größere Blackouts verursachen als bisher geschehen. Die Art und Weise, wie das Netz ausgebaut werde, mache es noch verwundbarer. "Die Bedrohung ist größer als bisher gedacht", sagte Kappenmann dem Wissenschaftsdienst "Nature Science Update".

Magnetische Stürme von der Sonne, auf die auch das Polarlicht zurückgeht, würden in den Leitungen des Netzes hohe Ströme induzieren, mit denen das auf Wechselstrom ausgerichtete System jedoch nicht zurecht komme. Der Effekt könne verheerend sein. Kappenmann berichtete von einem solaren Magnetsturm aus dem Jahr 1989, der binnen 90 Sekunden das Leitungsnetz von Quebec lahm legte.



Grand Central Station im August 2003: Nichts läuft mehr, nur die New Yorker selbst
Je größer ein Netz werde und je mehr Verbindungen es enthalte, umso verwundbarer sei es, unterstrich der Energieexperte. In den letzten 50 Jahren habe sich die Länge der Stromleitungen in den USA verzehnfacht. Letztlich habe man nur eine "größere Antenne" gebaut, die noch mehr induzierte Ströme aufsammle. "Die Stromkonzerne haben unwissentlich Schwachstellen in das Netz eingebaut", sagte Kappenmann. "Das Risiko gerät außer Kontrolle."
Während Kappenmann die immer stärkere Vernetzung als Risiko betrachtet, kommt eine Wissenschaftlergruppe der Pennsylvania State University zu ganz anderen Ergebnissen. Réka Albert und ihre Kollegen glauben, dass eher ein zu dünn geflochtenes Netz für die Stromausfälle im vergangenen Sommer verantwortlich ist.

Wie Blackouts entstehen

Die Physiker entwickelten ein Modell, mit dem sie das Verhalten des US-Stromnetzes simulierten und stellten fest, dass sich Ausfälle im Netz als Kaskade fortpflanzten. Leitungen wurden automatisch unterbrochen, wenn die Spannung bestimmte Werte überstieg. Als Folge fuhren Kraftwerke und Generatoren ihre Leistung herunter, weil ihr Strom keine Abnehmer mehr fand. Die verbliebenen Kraftwerke und Leitungen konnten das Defizit nicht ausgleichen und fielen ebenfalls aus - der Blackout war da.



Hochspannungsmast: Zusatzleitungen und Sperren gegen die Folgen von Magnetstürmen empfohlen
Das Stromnetz der USA sei ein "exponentielles Netzwerk", schreiben Albert und ihre Kollegen in der Fachzeitschrift "Condensed Matter". Die Einzelteile funktionierten weitgehend autark, allerdings spielten wenige Knotenpunkte mit besonderes vielen Verbindungen eine ausschlaggebende Rolle. Sobald nur vier Prozent dieser so genannten Hubs ausfielen, könnten 60 Prozent des Netzes zusammenbrechen.
Albert empfiehlt deshalb, die Zahl der Leitungen zwischen Knotenpunkten zu erhöhen, damit der Ausfall einzelner Strecken nicht mehr so ins Gewicht falle. Eine Empfehlung, vor deren direkter Umsetzung Kappenmann warnt: Sie würde das Netz verwundbarer machen gegenüber Magnetstürmen. Um das Netz zu schützen, müssten zusätzlich Sperren integriert werden, die die induzierten Ströme um 60 bis 70 Prozent verringerten, erklärt der Energieexperte. Fachleute schätzen, dass ein Ausbau des US-Stromnetzes, der künftige Blackouts weitgehend ausschließt, 100 Milliarden Dollar kosten könnte.





17-Feb-2004 Quarterly Report

Item 2. Management`s Discussion and Analysis of Financial Condition and Results of Operations
The following discussion should be read in conjunction with the Consolidated Financial Statements and Notes included in this Quarterly Report and within the Company`s Annual Report on Form 10-K for the year ended December 31, 2002. This document contains certain forward-looking statements (as such term is defined in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act")) pertaining to, among other things, the Company`s future results of operations, research and development ("R&D") activities, sales expectations, our ability to develop markets for our products, sources for parts, federal, state and local regulations, and general business, industry and economic conditions applicable to the Company. When used in the following discussion, the words "believes", "anticipates", "intends", "expects", "plans" and similar expressions are intended to identify forward-looking statements. These statements are based largely on the Company`s current expectations, estimates and forecasts and are subject to a number of risks and uncertainties. Actual results could differ materially from these forward-looking statements. Factors that can cause actual results to differ materially include, but are not limited to, those listed in Item 5 - Other Information of this Form 10-Q. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The following factors should be considered in addition to the other information contained herein in evaluating the Company and its business. We undertake no obligation to revise or update publicly any of the forward-looking statements after the filing of this Form 10-Q to conform such statements to actual results or to changes in our expectations, except as required by law.

Critical Accounting Policies and Estimates

The preparation of the Company`s financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses. Management believes the most complex and sensitive judgments, because of their significance to the consolidated financial statements, result primarily from the need to make estimates about the effects of matters that are inherently uncertain. Actual results could differ from management`s estimates. We believe the critical accounting policies listed below affect our more significant accounting judgments and estimates used in the preparation of the consolidated financial statements. These policies are described in greater detail in our Annual Report on Form 10-K for the year ended December 31, 2002.

• Impairment of long-lived assets, including intangible assets;

• Inventory write-downs and classification of inventory;

• Estimates of warranty obligations;

• Sales returns and allowances;

• Allowance for doubtful accounts;

• Deferred tax assets; and

• Loss contingencies.


Change in Fiscal Year

On December 12, 2003, the Company changed its fiscal year end from December 31 to March 31. A report for the three-month transition period from January 1, 2003 through March 31, 2003 was filed with the Securities and Exchange Commission on January 26, 2004. The Company`s new fiscal year commenced on April 1, 2003 and ends on March 31, 2004.

Overview

We develop, manufacture and market microturbines for use in stationary distributed power generation applications such as combined heat and power ("CHP"), resource recovery, power quality and reliability and in non-stationary applications such as hybrid electric vehicles. Our microturbines provide power at the site of consumption and to hybrid electric vehicles that combine a primary source battery with an auxiliary power source, such as a microturbine, to enhance performance. We expect our microturbines to provide both the commercial power generation industry and hybrid electric vehicles with clean, multifunctional, and scalable distributed power sources. We sell complete microturbine units, subassemblies and components and perform limited service work, such as product refurbishments. The microturbines are sold primarily through our distributors. Authorized Service Providers ("ASPs") provide installation and service. Successful implementation of the microturbine relies on the quality of the microturbine, the ability of the distributors to sell into appropriate applications, and ASPs providing quality installations and support.


Table of Contents

The market for our products is highly competitive and is changing rapidly. Our microturbines compete with existing technologies, such as the utility grid and reciprocating engines, and may also compete with emerging distributed generation technologies, including solar power, wind powered systems, fuel cells and other microturbines. Additionally, many of our distributed generation competitors are well-established firms; they derive advantages from production economies of scale, a worldwide presence and greater resources, which they can devote to product development or promotion.

We began commercial sales of our Model C30 products in 1998. In September 2000, we shipped the first commercial unit of our Model C60 microturbine. As of December 31, 2003, we have sold a total of 2,769 commercial units; however, we believe roughly 20% of these units are still in our distributors` inventories. We are in the final stages of development of our C-200 microturbine. We expect beta testing of the new product to begin in the first quarter of fiscal year 2005, which begins April 1, 2004. We anticipate that in the third quarter of fiscal year 2005, based on the results of the beta testing, we will be able to announce our plans for the launch of the C-200.

Although our products offer significant advantages over competing products in many applications, the rate of adoption for our technology has been slower than anticipated. The present economic conditions, including tight restrictions for capital expenditures, impact our opportunities as well. We have incurred significant losses since inception, which were funded primarily through private and public equity offerings. We believe that our cash balance is sufficient to fund current operations, commitments for capital expenditures and contractual obligations.

In August 2003, John Tucker joined the Company as our Chief Executive Officer. Since then, he immediately began to establish new leadership throughout the organization, in particular, sales and service, operations, engineering, human resources, quality and business development. In our efforts to become profitable, we are currently focused on three specific initiatives:

• enhancing the robustness of our products;

• improving quality and lowering total product cost; and

• completing the C200 development.


We are continuing to make progress on these issues. Historically, while we are addressing the robustness and quality of our products, we have incurred warranty charges and inventory charges that are higher than we believe should be necessary for a business of our nature. We expect to continue to incur high warranty and inventory charges as well as incremental costs to execute our enhancement and quality programs, until such time that the improvements we are implementing yield benefits.

We are currently developing a Strategic Plan to set the direction of the Company for the next three years. For this plan, we will focus on attractive market opportunities and selecting vertical markets we believe can offer high returns, evaluating the product and sales channel requirements to penetrate these target markets, and reducing total product cost. The strategic planning process is the first element of three core processes being implemented, which are: Strategic Planning, developing an Annual Operating Plan and executing a Management Review Process. These processes are linked together; the Strategic Plan goals and activities are tied to our Annual Operating Plan, which will set our revenue, expense, operating result and cash budgets. The Management Review Process will take the Annual Operating Plan and align employees` objectives to the plan. We expect to complete the plans in April 2004. Our Strategic Plan is important for how we move forward to develop business opportunities that are more consistent and repeatable which we believe is key to improving profitability. We expect variability in our operating results until such time as we establish target vertical markets that yield more consistent, recurring business.

Results of Operations

Three Months Ended December 31, 2003 and 2002

Revenues. Revenues for the quarter ended December 31, 2003 decreased $0.4 million to $3.3 million from $3.7 million for the same period last year. Although product shipments during the quarter of 2.4 megawatts were about 70% of the volume shipped for the same period a year ago, the related revenues for the quarter of $2.2 million were about 80% of the revenue a year ago. This was a result of a higher portion of products sold in the current period into more favorably priced markets. Revenues from accessories, parts and service for the quarter of $1.1 million were the same a year ago. Revenues are reported net of sales returns and allowances.

We entered the third quarter with 4.3 megawatts of outstanding orders. We received new orders of 4.3 megawatts and shipped 2.4 megawatts, leaving outstanding orders of 6.2 megawatts at the end of the quarter.


Table of Contents

Two customers accounted for approximately 39% of revenues for the third quarter of 2004. One customer accounted for approximately 23% of revenues for the same quarter a year ago.

Gross Loss. We had a gross loss of $3.1 million for the quarter ended December 31, 2003, compared with $12.4 million for the same period last year. The reduction in gross loss was the result of several factors including:

• We recognized a partial impairment loss of $5.0 million on fixed assets

and a manufacturing license related to our recuperator core facility a
year ago.

• In addition to our warranty accrual for units shipped in the period, a year ago we recorded additional warranty charges of $3.6 million, whereas
this period we recorded $1.7 million. These charges were based on
additional information gathered during the periods about the costs of
providing warranty for units shipped in prior periods and warranty
accommodations made in each period.

• Inventory write-downs were $1.9 million lower this quarter than last year.

Our cost of goods sold has exceeded revenues each period. We expect this trend to continue until such time that we can sell a sufficient number of units to achieve a break-even margin. In addition, in our focus to improve reliability of our products, we expect variability in our warranty costs, which may impact our margin.

R&D Expenses. R&D expenses for the quarter ended December 31, 2003 increased $1.0 million to $3.0 million from $2.0 million for the same period last year. R&D expenses are reported net of benefits from cost sharing programs. There were no such benefits this quarter, compared with $1.5 million a year ago. The benefits from cost sharing programs vary from period-to-period depending on the phases of the programs. In addition, in 2003, we suspended billings to the United States Department of Energy ("DOE"), which funds the C200 development, because of a lack of committed program funding. As soon as additional funds are appropriated for this project, we will resume billing the DOE.

Selling, General, and Administrative ("SG&A") Expenses. SG&A expenses for the quarter ended December 31, 2003 decreased $1.1 million to $5.7 million from $6.8 million for the same period last year. Overall spending was lower in the current quarter compared with last year in areas such as headcount, consulting and facilities costs.

Interest Income. Interest income for the quarter ended December 31, 2003 decreased $0.3 million to $0.3 million from $0.6 million for the same period last year. The decrease was primarily attributable to lower cash balances. We expect decreasing cash balances from our use of funds will continue to diminish our interest income.

Nine Months Ended December 31, 2003 and 2002

Revenues. Revenues for the nine months ended December 31, 2003 decreased $5.2 million to $9.7 million from $14.9 million for the same period last year. Revenues from product shipments decreased $3.5 million to $7.3 million from $10.8 million a year ago. Shipments during the period were 8.9 megawatts compared with 14.0 megawatts for the same period in the prior year. Revenues from accessories, parts and service for the nine months ended December 31, 2003 decreased $1.0 million to $3.2 million from $4.2 million. Revenues are reported net of sales returns and allowances.

Two customers accounted for approximately 23% of revenues for the current period. One customer accounted for approximately 10% of revenues for the same period a year ago.

Gross Loss. We had a gross loss of $7.9 million for the nine months ended December 31, 2003, compared with $19.0 million for the same period last year. The reduction in gross loss was the result of several factors including:

• We recognized a partial impairment loss of $5.0 million on fixed assets

and a manufacturing license related to our recuperator core facility a
year ago.

• Inventory write-downs were $4.6 million lower this year than last year.
• Warranty charges were $1.9 million lower this year than last year.


We had previously fully written-down inventories of recuperator cores and have started using some of these cores in production, which had a favorable impact on our margin. During the nine months ended December 31, 2003, we used $0.3 million of these cores.


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R&D Expenses. R&D expenses for the nine months ended December 31, 2003 increased $2.4 million to $7.9 million from $5.5 million for the same period last year. R&D expenses are reported net of benefits from cost sharing programs. These benefits were $0.2 million for the nine months ended December 31, 2003, compared with $4.4 million for the same period a year ago. The benefits from cost sharing programs vary from period-to-period depending on the phases of the programs. In addition, in 2003, we suspended billings to the DOE, which funds the C200 development, because of a lack of committed program funding. As soon as additional funds are appropriated for this project, we will resume billing the
DOE.


SG&A Expenses. SG&A expenses for the nine months ended December 31, 2003 decreased $8.5 million to $15.0 million from $23.5 million for the same period last year. Overall spending was lower in the current year in areas such as headcount, legal, consulting and facilities costs. In addition, there was no amortization expense from marketing rights in the nine months ended December 31, 2003, compared with $1.3 million for the same period last year.

Impairment Loss. During the quarter ended June 30, 2002, as a result of a change in our sales forecast, the Company evaluated the remaining book value of the marketing rights and determined that this asset was impaired based on the assessment of the expected cash flows that can be generated during its remaining term. Expected favorable margins in the latter years of the term of the marketing rights were not sufficient to offset losses in the early years. The recorded impairment loss was approximately $16.0 million, representing the remaining carrying value of the asset.

Interest Income. Interest income for the nine months ended December 31, 2003 decreased $1.0 million to $1.0 million from $2.0 million for the same period last year. The decrease was primarily attributable to lower cash balances. We expect decreasing cash balances from our use of funds will continue to diminish our interest income.

Liquidity and Capital Resources

Our cash requirements depend on many factors, including our product development activities and our commercialization efforts. We expect to continue to devote substantial capital resources to running our business, including enhancing reliability of both new and existing products and completing the development of our C200 microturbine.

We have invested our cash in an institutional fund that invests in high quality short-term money market instruments to provide liquidity for operations and for capital preservation.

We used cash of $20.9 million during nine months ended December 31, 2003, compared with $24.1 million for the same period last year.

Our net cash used in operating activities was $19.9 million for the nine months ended December 31, 2003, compared with $24.9 million for the same period last year. The decrease reflects a decline of $2.9 million in net loss, after adjusting for non-cash items, and a working capital change of $2.1 million. The change in working capital was primarily as a result of using inventory as described below.

Accounts receivable decreased $1.3 million to $2.4 million as of December 31, 2003 from $3.7 million as of March 31, 2003, as a result of improved collections in the period, mostly from the DOE.

Total inventory decreased $2.6 million to $13.9 million as of December 31, 2003 from $16.5 million as of March 31, 2003. At December 31, 2003, non-current inventory of $4.8 million represents that portion of the inventory in excess of amounts expected to be sold or used in the next twelve months. As of December 31, 2003, the Company had firm commitments to purchase inventories of approximately $6.8 million.

Net cash used in investing activities for acquisition of fixed assets was $1.1 million for the nine months ended December 31, 2003, compared to $2.1 million for the same period last year.

Our net cash provided by financing activities was $0.1 million for the nine months ended December 31, 2003, compared with $3.0 million for the same period last year. This decrease was primarily the result of net proceeds from sale of common stock last year of $4.0 million, offset by higher proceeds from exercise of stock options and employee stock purchases of $1.2 million this year. In October 2002, our Board of Directors approved a stock repurchase program under which we may purchase up to $10 million of our common stock. We may purchase shares from time to time through open market and privately negotiated transactions at prices


Table of Contents

deemed appropriate by management. The program has no termination date. Since the inception of the program, we have repurchased 551,208 shares for an aggregate price of $0.5 million.

Except for scheduled payments made in 2003, there have been no material changes in the Company`s remaining commitments under non-cancelable operating leases and capital leases as disclosed in the Company`s Annual Report on Form 10-K for the year ended December 31, 2002.

In 2000, the DOE awarded us $10.0 million under a Cooperative Agreement to develop an Advanced Microturbine System. The $10.0 million award was to be distributed over a five-year period. The program was estimated to cost $23.0 million over five years, which would require us to provide approximately $13.0 million of our own R&D expenditures. We have billed $8.0 million to the DOE under this agreement since inception of the contract, leaving a balance of $2.0 million to be billed through 2005.

Impact of Recently Issued Accounting Standards

In December 2003, the FASB issued Interpretation No. 46, "Consolidation of Variable Interest Entities" (revised in December 2003) ("FIN 46-R"). This interpretation of Accounting Research Bulletin No. 51, "Consolidated Financial Statements," addresses consolidation by business enterprises of variable interest entities ("VIEs") that either: (i) do not have sufficient equity investment at risk to permit the entity to finance its activities without additional subordinated financial support, or (ii) are owned by equity investors who lack an essential characteristic of a controlling financial interest. Generally, application of FIN 46-R is required in financial statements of public entities that have interests in structures commonly referred to as special-purpose entities for periods ending after December 15, 2003, and, for other types of VIEs, for periods ending after March 15, 2004. We have reviewed this pronouncement and determined it is not applicable since we do not own or have an investment in any VIEs.


Federal Energy Bill Provides Significant Economic Benefits to Users of Microturbines; Is Expected to Boost Capstone Microturbine Sales, CEO Says


CHATSWORTH, Calif., Aug 08, 2005 (BUSINESS WIRE) -- The national energy bill
passed by the U.S. Congress July 29 provides significant economic benefits for
businesses that invest in clean distributed generation technologies -- including
microturbines -- according to John R. Tucker, Chief Executive Officer of
Capstone Turbine Corporation(R) (www.microturbine.com) (Nasdaq: CPST), the
world`s leading manufacturer of microturbine energy systems.

"The bill contains a 10% tax incentive for businesses to buy and conserve energy
with microturbine generators," Tucker said. "It also offers users of advanced
microturbine energy systems direct payments from the U.S. Department of Energy
for every kilowatt-hour they generate. This policy, and others in the energy
bill, will create significant additional economic advantages for customers who
invest in microturbines, beyond the every day savings and energy reliability
inherent in microturbine technology."

Today at Sandia Laboratories in New Mexico, President Bush is expected to sign
the bill into law in a room near the offices of the research center`s
Distributed Energy Technology Laboratory (DETL) where a Capstone C30
microturbine has been operating since 2002.

The company estimates that the return on investment of a typical Southern
California installation of its microturbines would be as little as two years,
net of applicable state and the new federal incentives. Payback would be about
three years without the federal incentives. For microturbine installations in
New York, the company estimates that the return on investment of a typical
installation would be reduced from 3 years to 28 months, an improvement of 8
months.

"We are very pleased that the federal energy bill specifically recognizes
microturbines as an important part of the nation`s proposed policy to create
cleaner, more fuel efficient energy," Tucker said. "Of all the alternate energy
systems addressed by this bill, Capstone MicroTurbines, with nearly 10,000,000
total fleet runtime operating hours, are the lowest cost, most commercially
viable technology available to the growing DG market. We expect the many
provisions of the new energy policy to have a very positive impact on Capstone
MicroTurbine(R) sales."

"The new energy bill also recognizes that on-site generation with microturbines
is highly energy efficient, utilizing up to 80% of the total energy in natural
gas, propane, and other fuels, with the added benefit of being able to utilize
fuels that otherwise would simply go to waste and increase air pollution, such
as landfill biogas and oilfield flare gases," Tucker said. "The environmental
advantage is important because our C60 microturbines produce each kilowatt of
energy with far fewer pollutants than competing technologies, including utility
power plants, when comparing US EPA test reports."

Other aspects of the bill deemed favorable to the sale of microturbines include
a 1.5 cent per kilowatt-hour renewable energy production credit for biogas
fueled installations, a requirement that electric utilities offer grid
interconnection based on a nationwide standard, as well as other incentive
programs to accelerate distributed generation and combined heat and power (CHP).

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 energy products utilizing microturbine technology, the
result of more than ten years of focused research. Capstone Turbine has shipped
more than 3,000 Capstone MicroTurbine systems to customers worldwide. These
award-winning systems have logged more than 9.3 million runtime hours of
documented operation. An ISO 9001:2000 certified company, Capstone Turbine is
headquartered in the Los Angeles area with sales and/or service centers in New
York, Milan 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 Capstone`s business, with regard to, among
other items, expectations of increased business based on proposed legislation.
Forward-looking statements may be identified by words such as "expect,"
"believe" and similar phrases. These statements are subject to numerous
assumptions, risks and uncertainties that may cause Capstone`s actual results to
be materially different. These statements speak only as of the date of this
release. Capstone disclaims any obligation to revise these statements hereafter.

Editors:

The EPA emissions data mentioned above compares the 0.15 pounds of NOx emissions
per megawatt-hour of a Capstone C60 operating at full output measured in this
test report: www.epa.gov/etv/pdfs/vrvs/03_vr_capstone60.pdf with the 20 times
higher utility power plant average of 3.0 pounds of NOx emissions per
megawatt-hour reported by the EPA`s Power Profiler:
www.epa.gov/cleanenergy/powerprofiler.htm.

Spec sheets on Capstone MicroTurbine models are at:
www.microturbine.com/technology/specsheets.asp

MidnightTrader`s After-Hours Trading Range Analysis

Boston, Aug 29, 2005 (MidnightTrader via COMTEX) -- DOWNSIDE MOVERS

Capstone Turbine (CPST): Stock spends the bulk of the first half of night trade
on a steady decline, slipping from 4.70 to an evening low of 4.24. Of note on
this initial decline was the distinct lack of enthusiasm on the downside as sell
liquidity was relatively weak-kneed. CPST rocketed higher near the 6 p.m. ET Tonight`s gain follows a 10%
rise in bell-to-bell action today after First Albany boosted its rating on the
stock to Buy from Neutral. A pre-market open on Tuesday may have potential
surrounding the 5.00 area. We`re mixed on playing the Cramer-inspired stocks
thus far as we`ve found the session-to-session performance on his picks
inconsistent. However, we have found the issues he touts tend to see early
strength in next-day trade, and either fade from their after-hours trade or add
just slightly to their evening movement. With this in mind, longs may want to
look for any early strength near the 4.80 to 4.90 mark and attempt to play
possible upside momentum back above 5. On the short side, sellers were quick to
pounce on the issue above 5.15, an area to watch if upside support wavers here
tomorrow.

Copyright (C) 2005 MidnightTrader.com. All rights reserved.
Unauthorized reproduction is strictly prohibited.



TheStreet.com Staff
8/29/2005 7:27 PM EDT

Cramer`s `Mad Money` Recap: A Feather in Capstone`s Cap

An energy play whose time has come is Capstone Turbine (CPST:Nasdaq - news - research - Cramer`s Take), Jim Cramer said Monday on his "Mad Money" TV show.

Capstone makes natural gas-powered micro turbine generators for business and home use. Capstone recently signed agreements with KeySpan (KSE:NYSE - news - research - Cramer`s Take) and Consolidated Edison (ED:NYSE - news - research - Cramer`s Take) to promote its products in the New York area. Capstone`s shares have moved from $2 to $4.50 in the past month, but the stock should really take off as the company moves west, Cramer said.

Capstone is poised for "triple-digit revenue growth for the next several years," said Cramer, because it has a cost-effective way to produce energy.

There is one caveat, though, because the stock has already moved up so rapidly in such a short amount of time: Cramer said wait for a pullback before buying the shares.

A caller wanted to know if alternative energy such as solar would ever be a big player in the energy market. No, Cramer said. Germany and France are the only countries really encouraging solar`s use, he said. It`s simply not an economical alternative under any realistic energy scenario.



29.08.2005 18:43
Update Capstone Turbine : Buy (First Albany)
In ihrer Analyse vom Montag, 29. August 2005 stufen die Analysten von First Albany die Aktie des Unternehmens Capstone Turbine (Nachrichten) von "Neutral" auf "Buy" herauf. Das Kursziel für die Aktie liegt momentan bei 6 $.


Capstone Files for NYC Dept. of Buildings MEA Approval for Integrated Elevator Emergency Power Package

BROOKLYN, N.Y., Sep 14, 2005 (BUSINESS WIRE) -- Capstone Turbine Corporation(R) (www.microturbine.com) (Nasdaq: CPST), the world`s leading manufacturer of microturbine energy systems, announced today that its New York office has filed with the New York City Department of Buildings (NYCDoB) a Materials Equipment Acceptance (MEA) application for Capstone`s latest product development for emergency elevator power.
"This specialized emergency power product package will integrate the Capstone MicroTurbine(R) technology with existing power and control circuits in new or existing passenger and freight/cargo elevators for the greater New York City market," said Capstone CEO John R. Tucker. "It will provide stand-alone emergency power during a grid failure or other power loss events, thereby specifically restoring elevator operation and providing power for communication and other special contingencies for emergency services personnel.

"This MEA submission will significantly simplify the filings for permits required by the New York City Department of Buildings, which are necessary for the installation of the Capstone-branded MicroTurbine Emergency Elevator Interface," Tucker added.

Over the last fifteen months, Capstone has worked diligently to develop this specific application of a Capstone branded product for elevator and other site-specific emergency power applications. As a result of this effort, the company has now filed the necessary MEA documents to make it the first in the industry to develop a standardized OEM solution for this special purpose. The new Capstone package will allow OEM elevator manufacturers, architects, engineers, property owners and emergency services agencies to specify this unique new product offering for emergency elevator power in their facilities or applications.

"We have created a unique solution to solve the site specific emergency power requirements for elevator installations in New York City and here in Los Angeles, where power outages Monday afternoon stranded people in elevators across the city," Tucker said. "Public laws have been implemented throughout the country to ensure public safety in buildings as a result of the experiences of September 11, the Northeast Blackout in August 2003 and, most recently, the impacts of Hurricane Katrina. Capstone has proactively taken this initiative to develop this solution to further demonstrate our commitment to the special requirements of the New York market, as well as the rest of the nation."

Tony Hynes, Vice President of Sales for Capstone, said, "We see this new Capstone-branded product as having applications in buildings throughout the United States and abroad, where the need for safe evacuation from high-rise buildings in emergency situations is vital to the safety of the occupants. Our integrated solution will be of significant help to elevator manufacturers, which have had difficulty developing a workable solution to address the problem. We know of no other product today that can fulfill the requirements of these important life-saving services as well as the Capstone systems."

Speaking from Capstone`s Brooklyn Sales & Service office, Allen McNair, Capstone`s Vice-President of Sales for the Americas, commented, "This offers another example of Capstone`s market leadership. Our New York team has been working continuously to make this elevator standard a reality for New York and the nation. The ease of our system integration with the existing building systems, and all the major elevator manufacturers OEM equipment, combined with our pre-approval with the New York State Public Service Commission, strongly positions our clean, efficient, emergency energy solutions in this market, just like our Class I Division 2 microturbines for offshore and other specialized applications."

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 energy products utilizing microturbine technology, the result of more than ten years of focused research. Capstone Turbine has shipped more than 3,000 Capstone MicroTurbine systems to customers worldwide. These award-winning systems have logged more than 9.6 million runtime hours of documented operation. An ISO 9001:2000 certified company, Capstone Turbine is headquartered in the Los Angeles area with sales and/or service centers in New York, Milan 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 Capstone`s business, with regard to, among other items, market acceptance of a new product application. Forward-looking statements may be identified by words such as "expect," "believe" and similar phrases. These statements are subject to numerous assumptions, risks and uncertainties that may cause Capstone`s actual results to be materially different. These statements speak only as of the date of this release. Capstone disclaims any obligation to revise these statements hereafter.


Editors:

Spec sheets on Capstone MicroTurbine models are at:

www.microturbine.com/technology/specsheets.asp


Aufträge ja Cash wird immer weniger wie im nächsten Filling zu sehen, E und auf D


Capstone Turbine Announces 1st Quarter 2006 Results

CHATSWORTH, Calif.--(BUSINESS WIRE)--Aug. 10, 2005--Capstone Turbine Corporation(R) (Nasdaq:CPST) (www.microturbine.com) reported results for the first quarter of fiscal year 2006 on Form 10-Q filed with the Securities and Exchange Commission on August 9, 2005.

Backlog increased to 15.5 megawatts at quarter-end, up 94% from the prior year comparable quarter, and sequentially up 44% from the fourth quarter.

Financial Summary

Capstone`s financial results for the first quarter of fiscal 2006 included revenue of $3.8 million, down $1.6 million from $5.4 million reported for the fourth quarter of fiscal 2005. The majority of the decrease was due to staging of approximately $1.5 million of finished product for rapid response to the New York market. Additionally, approximately $0.6 million in revenue was delayed pending payments from certain international customers.

Backlog at the end of the first quarter of fiscal 2006 was 15.5 megawatts, consisting of backlog at the beginning of the quarter of 10.8 megawatts, orders during the quarter of 8.1 megawatts and shipments of 3.4 megawatts.

The reported gross loss was $3.4 million for the first quarter of fiscal 2006, an increase of $1.6 million from the $1.8 million loss reported in the fourth quarter of fiscal 2005. The primary reason for the change between periods resulted from a benefit of $1.6 million recorded in the prior quarter, and $0.6 million expense in the current quarter, or a net $2.2 million change in gross profit.

Operating Costs and Expenses were $7.9 million for the quarter, down $0.7 million from the prior quarter, primarily due to $0.9 million of benefits reported from the Department of Energy (DOE) cost sharing programs in the current quarter.

Capstone`s net loss was $10.9 million, an increase of $0.9 million from the $10 million loss reported in the fourth quarter of fiscal 2005. The first quarter of fiscal 2006 reported net loss was $0.13 per share as compared with $0.12 the previous quarter.

Cash usage in the first quarter was $11.6 million, a decrease of $0.6 million from the prior quarter`s cash usage of $12.1 million. The lower cash usage was attributable to less cash used in investing activities and lower operating cash usage.

Cash and cash equivalents at the end of the quarter were $52 million.

Business Summary

John Tucker, Capstone`s President and CEO said, "Over the past two months we have continued to demonstrate tangible progress towards our mission of becoming the world leader in distributed power generation." Listed below is a brief summary of our recent operating accomplishments:

Filed Materials Equipment Acceptance (MEA) application with the New York City Department of Buildings MEA Division which will significantly simplify the permitting and installation approval of Capstone-branded microturbines in the five boroughs of New York City. (Aug. 2, 2005)

KeySpan Energy Delivery developed with Capstone a marketing promotional mailer for the sale, installation and factory direct service of Capstone MicroTurbine(R) on-site power generation products. KeySpan Energy Delivery is a subsidiary of KeySpan Corporation (NYSE:KSE), which is the fifth largest distributor of natural gas in the United States and the largest in the Northeast, operating regulated gas utilities in New York, Massachusetts and New Hampshire that serve 2.6 million customers. (July 25, 2005)

Successfully completed certification testing on a new 30-kilowatt product specifically designed for hazardous oil and gas applications with Underwriters Laboratories, Inc. (UL). This certification states that the 30-kilowatt product meets the stringent NEC Class I, Division 2, Groups C and D classification where explosive gases may be present under abnormal conditions. (July 14, 2005)

Received large follow-up Russian order amounting to a total of 1.7 megawatts for both C30 and C60 kilowatt microturbine products. (July 6, 2005)

Signed National Sales representative Agreement with WESCO Distribution, Inc., the primary operating entity for Pittsburg-based WESCO International, Inc. (NYSE:WCC). WESCO Distribution, Inc. a leading distributor of electrical construction products and electrical and industrial maintenance, repair and operating supplies and is the nation`s largest provider of integrated supply services. (July 6, 2005)

In addition to these accomplishments, we were pleased to see the National Energy Bill signed by President Bush. This Bill provides incentives for companies to utilize microturbines for their power generation requirements including a 10% credit for the purchase of stationary microturbine power plants. Additionally, the Energy Tax Incentives Act of 2005 provides $2.7 billion of incentives for energy efficiency and conservation, both features of our microturbines.


Turbine Capstone Verkündet 1. Resultate CHATSWORTH, Calif. -- (BUSINESS WIRE) -- Aug Des Viertels 2006. 10, 2005 -- Capstone Turbine Corporation(R) (Nasdaq:CPST) (www.microturbine.com) berichtete über Resultate für das erste Viertel steuerlichen Jahres 2006 auf Form 10-Q eingeordnet mit den Aktien und der Austauschkommission an August 9, 2005. Reserve erhöhte sich auf 15,5 Megawatt am Viertel-Ende, herauf 94% vom vergleichbaren Viertel des vorherigen Jahres und der Reihe nach herauf 44% vom 4. Viertel. ÜbersichtCapstones finanzielle Resultate für das erste Viertel von steuerlichen 2006 schlossen Einkommen von $3,8 Million mit ein, hinunter $1,6 Million von $5,4 Million berichtet für das 4. Viertel von steuerlichem 2005. Die Majorität der Abnahme lag an der Inszenierung von ungefähr $1,5 Million des Fertigprodukts für schnelle Antwort zum Markt neuen Yorks. Zusätzlich ungefähr $0,6 wurde Million im Einkommen während Zahlungen von bestimmten internationalen Kunden verzögert. Reserve am Ende des ersten Viertels von steuerlichem 2006 betrug 15,5 Megawatt und bestand aus Reserve am Anfang des Viertels von 10,8 Megawatt, von Aufträgen während des Viertels von 8,1 Megawatt und von Versand von 3,4 Megawatt. Der gemeldete Gesamtverlust war $3,4 Million für das erste Viertel von steuerlichem 2006, eine Zunahme von $1,6 Million vom Verlust $1,8 Million, der des 4. Viertels von steuerlichem 2005 gemeldet wurde. Der Primärgrund für die Änderung zwischen Perioden resultierte aus Unkosten Nutzen von $1,6 Million notiert im vorherigen Viertel und $0,6 Million im gegenwärtigen Viertel oder in einer NettoÄnderung $2,2 Million im Bruttogewinn. Betriebskosten und Unkosten waren $7,9 Million für das Viertel, hinunter $0,7 Million vom vorherigen Viertel, hauptsächlich passend bis $0,9 Million vom Nutzen, der von der Abteilung der Kostenbeeiligungsprogramme berichtet wurde der Energie (DAMHIRSCHKUH) im gegenwärtigen Viertel. Capstones Reinverlust war $10,9 Million, eine Zunahme von $0,9 Million vom Verlust $10 Million, der des 4. Viertels von steuerlichem 2005 gemeldet wurde. Das erste Viertel von steuerlichen 2006 meldete Reinverlust war $0,13 pro Anteil verglichen mit $0,12 das vorhergehende Viertel. Bargeldverbrauch im ersten Viertel war $11,6 Million, eine Abnahme von $0,6 Million vom vorherigen Bargeldverbrauch des Viertels von $12,1 Million. Der niedrigere Bargeldverbrauch war weniger Bargeld zuzuschreibend, das wenn er Tätigkeiten und niedrigeren funktionierenden Bargeldverbrauch benutzt wurde, investierte. Bargeld und Bargeldäquivalente am Ende des Viertels waren $52 Million. Geschäft zusammenfassender John Tucker, Präsident Capstones und CEO gesagt, "über den letzten zwei Monaten sind wir fortgefahren, fühlbaren Fortschritt in Richtung von unserer Mission des Werdens zu demonstrieren der Weltführer in verteilter Stromerzeugung.", Nachstehend geführt eine kurze Zusammenfassung unserer neuen funktionierenden Vollendungen auf: Gestellter Antrag der Materialausrüstungsannahme (MEA) mit der New York Cityabteilung der Abteilung der Gebäude MEA, die erheblich die Ermöglichen und Installationszustimmung der Capstone-eingebrannten microturbines in den fünf Städten von New York City vereinfacht. (Aug. 2, 2005) entwickelte Energieanlieferung KeySpan mit Capstone eine fördernde Werbung des Marketings für den direkten Service des Verkaufes, der Installation und der Fabrik Stromerzeugungprodukte Capstone MicroTurbine(R) der örtlichen. Energieanlieferung KeySpan ist eine Tochtergesellschaft von KeySpan Corporation (NYSE:KSE), das der 5. größte Verteiler des Erdgases in den Vereinigten Staaten und im größten im Nordost ist, funktionierende regulierte Gasdienstprogramme in neuem York, Massachusetts und neues Hampshire, die 2,6 Million Kunden dienen. (Juli 25, 2005) führte erfolgreich die Bescheinigung durch, die auf einem neuen Produkt 30-kilowatt prüft, das spezifisch auf gefährliche Öl- und Gasanwendungen mit Underwriters Laboratories, Inc. (UL) entworfen wurde. Diese Bescheinigung gibt an, daß das Produkt 30-kilowatt die zwingende NECKATEGORIE I, der Abteilung 2, der Gruppen C und D die Klassifikation trifft, wo explosive Gase unter anormalen Bedingungen anwesend sein können. (Juli 14, 2005) empfangener großes Anschlußrussischer Auftrag, der eine Gesamtmenge von 1,7 Megawatt für microturbineprodukte des Kilowatts C30 und C60 beträgt. (Juli 6, 2005) geschlossener nationaler Verkaufsrepräsentantenvertrag mit WESCO Distribution, Inc., das funktionierende Primärwesen für Pittsburg-gegründete WESCO International, Inc. (NYSE:WCC). WESCO Distribution, Inc. ein führender Verteiler der elektrischen Aufbauprodukte und der elektrischen und industriellen Wartung, der Reparatur und der Betriebsstoffe und ist der größte Versorger der Nation der integrierten Versorgungsmaterial-Dienstleistungen. (Juli 6, 2005) zusätzlich zu diesen Vollendungen, freuten uns wir, die nationale Energierechnung zu sehen, die vom Präsidenten Bush unterzeichnet wurde. Diese Rechnung stellt Ansporn für Firmen zur Verfügung, um microturbines für ihre Stromerzeugunganforderungen einschließlich einer 10%-Gutschrift für den Erwerb der stationären microturbinekraftwerke zu verwenden. Zusätzlich stellt die Energiesteueransporntat von 2005 $2,7 Milliarde von Ansporn für Energie-Leistungsfähigkeit und Erhaltung, beide Eigenschaften unserer microturbines zur Verfügung. <


Capstone Turbine Announces 2nd Quarter 2006 Results

CHATSWORTH, Calif.--(BUSINESS WIRE)--Nov. 10, 2005--Capstone Turbine Corporation(R) (Nasdaq:CPST) (www.microturbine.com) reported results for the second quarter of fiscal year 2006 on Form 10-Q filed with the Securities and Exchange Commission on November 9, 2005.

Backlog increased to $12.5 million at quarter-end, up over 120% from the prior year comparable quarter, and sequentially up 2% from the first quarter.

Financial Summary

Capstone`s revenues increased to $5.7 million at quarter end, up approximately 46% from the prior year comparable quarter, and up 50% from the first quarter. The majority of the increase from the first quarter was due to staged shipments for rapid response to the New York market and payment from certain international customers, recognized as revenue in the second quarter.

The reported gross loss was $1.1 million for the second quarter of fiscal 2006, an improvement of $2.3 million from the $3.4 million loss reported for the first quarter of fiscal 2006. Gross loss expressed as a percentage of revenue improved approximately 70 points from the prior quarter and approximately 35 points from the same quarter last fiscal year. The improvement was due to increased sales, reduced warranty costs and an increase in production activity resulting in a higher absorption of overhead costs into inventory.

Research and development costs were $2.7 million for the quarter, up $0.6 million from the prior quarter. The increase is attributable to a delay in the start of a government contract that provides a cost-sharing component.

Selling, general and administrative costs were $6.8 million for the quarter, up approximately $1.0 million from the prior quarter. The increase relates to non-recurring severance charges of $0.5 million and the remainder was primarily due to an increase in legal and consulting fees.

Capstone`s net loss was $10.2 million or $0.12 per share, improved from the $10.9 million loss, or $0.13 per share reported for the first quarter of fiscal 2006.

Cash usage in the second quarter was $7.9 million, an improvement of $3.7 million from the prior quarter`s cash usage of $11.6 million. The lower cash usage was primarily due to less cash used in operating activities.

Cash and cash equivalents at the end of the quarter were $44.1 million. Additionally, in October 2005, the company completed a registered direct offering of the company`s common stock resulting in gross proceeds of approximately $41.4 million.

Business Summary

John Tucker, Capstone`s President and CEO, said "We are continuing to build our business, making progress towards our mission of becoming the world leader in distributed power generation. Additionally, we were pleased to be selected by Governor Schwarzenegger`s office to participate in a business development mission. This is a week long event with stops in Beijing, Shanghai and Hong Kong. Capstone will be participating in the Made in California Expo on November 16 at the Kerry Centre Hotel in Beijing."

Listed below is a brief summary of our recent operating accomplishments:

Opened a Capstone representative office in Shanghai, China. By working with the company`s China distributor, Shanghai Aerospace Energy, it is expected that China will become one of the company`s leading customers in the years ahead. (Nov. 7, 2005.)

Completed registered offering of 17,000,000 shares of Capstone`s common stock. The offering raised gross proceeds of approximately $41.4 million, significantly strengthening the company`s cash and liquidity position. (Oct. 24, 2005.)

Capstone`s MicroTurbine fleet surpassed 10 million operating hours. Ten million hours is equivalent to more than 1,000 years worth of continuous operation, or an estimated 350,000 megawatt hours of clean, fuel-efficient Capstone MicroTurbine operation. (Sep. 29, 2005.)

Filed Materials and Equipment Acceptance ("MEA") application with the New York City Department of Buildings MEA Division for Capstone`s latest product development for emergency elevator power. Over the last fifteen months, Capstone has worked diligently to develop this specific application of a Capstone branded product for elevator and other site-specific emergency power applications. As a result of this effort, the company is the first in the industry to develop a standardized OEM solution for this special purpose. The new Capstone package will allow OEM elevator manufacturers, architects, engineers, property owners and emergency services agencies to specify this unique new product offering for emergency elevator power in their facilities or applications. (Sep. 14, 2005.)

Conference Call

The Company will host a conference call today, Thursday, November 10, at 1:45 p.m. Pacific Time. Access to the live broadcast and a replay of the webcast will be available for 90 days through the Company`s website: www.microturbine.com.

About Capstone Turbine

Capstone Turbine Corporation (www.microturbine.com) (NASDAQ:CPST) is the world`s leading producer of low-emission microturbine systems, and was the first to market commercially viable microturbine energy products. Capstone Turbine has shipped more than 3,200 Capstone MicroTurbine systems to customers worldwide. These award-winning systems have logged more than 10 million 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 certified company, Capstone Turbine is headquartered in the Los Angeles area with sales and/or service centers in New York, Mexico City, Milan, 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, with regard to business growth generally, increased business in China and application of Capstone products for emergency elevator power. Forward-looking statements may be identified by words such as "expects," "objective," "intend," "targeted," "plan," "driving to" and similar phrases. These forward-looking statements are subject to numerous assumptions, risks and uncertainties described in Capstone`s filings with the Securities and Exchange Commission that may cause Capstone`s actual results to be materially different from any future results expressed or implied in such statements. Capstone cautions readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Capstone undertakes no obligation, and specifically disclaims any obligation, to release any revisions to any forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.


CAPSTONE TURBINE CORPORATION
CONSOLIDATED BALANCE SHEETS
(Unaudited)

September 30, March 31,
2005 2005
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Assets
Current Assets:
Cash and cash equivalents $44,051,000 $63,593,000
Accounts receivable, net of allowance
for doubtful accounts and sales returns
of $702,000 at September 30, 2005 and
$536,000 at March 31, 2005 1,529,000 3,150,000
Inventory 15,933,000 11,273,000
Prepaid expenses and other current
assets 1,617,000 912,000
Assets held for sale 80,000 80,000
------------- -------------
Total current assets