Capstone Turbine Provides Fourth-Quarter Update

December 20, 2001 by Jeff Shepard

Capstone Turbine Corp. (Chatsworth, CA) announced that it has shipped 170 units to date in the fourth quarter of 2001; 63 of which were shipped to the South Coast Air Quality Management District pursuant to the order announced on November 19, 2001.

Ake Almgren, president and CEO of Capstone, commented on the fourth quarter, "Coming off a disappointing third quarter, we are pleased to have already exceeded our anticipated shipments during the fourth quarter, more than doubling our unit shipments on a sequential quarter basis. Equally notable, more than half of these shipments are 60kW models, which is consistent with our strategy to increase the percentage of these higher margin units in our product mix."