According to the U.S. Energy Information Administration (EIA), the New York Department of Public Service recently extended energy savings targets under the state's Energy Efficiency Resource Standard (EERS) and allocated funds from its Clean Energy Fund. These incentive funds are meant to encourage the purchase of more efficient power generating equipment, which helps meet the goals of the country's Clean Power Plan."Capstone's Signature Series microturbines with integrated HRMs provide an industry leading CHP solution that is light weight, quiet, compact and affords lower installation costs," said Jim Crouse, Capstone's Executive Vice President of Sales and Marketing. "RPS Systems continues to add to their impressive New York area installed base of marque installations that already include several Class A office buildings, mixed use buildings, industrial applications, hospitals, universities, a sports center, zoo and now a leading food retailer. RSP is successful by offering superior up front sales and applications support combined with exceptional aftermarket support. Capstone is very excited to see their continued growth and have RSP as part of the Capstone family," added Mr. Crouse. About Capstone Turbine Corporation Capstone Turbine Corporation ( www.capstoneturbine.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 has shipped approximately 9,000 Capstone Microturbine systems to customers worldwide. These award-winning systems have logged millions of documented runtime operating hours. Capstone 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 9001:2015 and ISO 14001:2015 certified company, Capstone is headquartered in the Los Angeles area with sales and/or service centers in the United States, Latin America, Europe, Middle East and China. This press release contains "forward-looking statements," as that term is used in the federal securities laws, about the advantages of Capstone products and HRM modules in CHP applications including low emissions, reduction of operational costs, reliability, efficiency, revenue generation, and availability of government grants. Forward-looking statements may be identified by words such as "expects," "objective," "intend," "targeted," "plan" and similar phrases. These forward-looking statements are subject to numerous assumptions, risks and uncertainties described in Capstone's filings with the Securities and Exchange Commission that may cause Capstone's actual results to be materially different from any future results expressed or implied in such statements. Capstone cautions readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Capstone undertakes no obligation, and specifically disclaims any obligation, to release any revisions to any forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.
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CONTACT: Capstone Turbine CorporationInvestor and investment inquiries:email@example.comINVESTORS:Dian Griesel Int'lCheryl Schneider212-825-3210