Capstone Turbine Corporation Testifies In Washington Today

CHATSWORTH, Calif., March 16, 2011 (GLOBE NEWSWIRE) -- Capstone Turbine Corporation ( www.capstoneturbine.com ) (Nasdaq:CPST), the world's leading clean technology manufacturer of microturbine energy systems was selected to participate on a panel of witnesses to testify before the Subcommittee on Commerce, Manufacturing and Trade in Washington, D.C. today. The hearing is entitled "Made in America: Increasing Jobs through Exports and Trade." Capstone will be represented by Jim Crouse, Capstone's Executive Vice President of Sales and Marketing.

The purpose of the hearing is to examine the Obama Administration's efforts to promote trade and increase export opportunities and to get input from private enterprise about technical and other non-tariff trade barriers, according to a committee memo.

President Obama said in his state-of-the union address last year that his goal is to double exports over the next five years.

Crouse joins Robert Holleyman II, Business Software Alliance President and CEO; Daniel Ikenson, CATO Institute Associate Director for Trade Policy Studies; John Murphy, U.S. Chamber of Commerce Vice President of International Affairs; and Jack Pelton, Chief Executive Officer of Cessna Aircraft.

The Under Secretary of Commerce for International Trade Francisco Sanchez is also scheduled to testify.

"We believe that the key to increasing exports is by strengthening the domestic market for clean and efficient energy technologies. A strong domestic market would enable newer companies like Capstone to increase production capacity that would make us more competitive overseas," said Jim Crouse, Capstone's Executive Vice President of Sales and Marketing."

"Capstone Turbine sees value in adopting long-term energy policy in the United States as a means of not only protecting our environment, but also as a way to decrease reliance on foreign oil while creating American jobs. Simultaneously the Administration and Congress should finalize the pending Free Trade Agreements and initiate new FTAs with critical markets such as Brazil," added Crouse.