Presentation on Thursday, November 19, 2020, at 4:00 PM ET, to Discuss Recent Q2 FY21 Earnings Results, Business Update Covering New $50M Term Note Goldman Sachs Refinancing and Expanding Energy as a Service (EaaS) Business Model
VAN NUYS, CA / ACCESSWIRE / November 16, 2020 / Capstone Turbine Corporation (www.capstoneturbine.com) (NASDAQ:CPST), the world's leading clean technology manufacturer of microturbine energy systems, announced today that Darren Jamison, Capstone Turbine's President & Chief Executive Officer will be presenting virtually at the upcoming Sidoti & Company Virtual Microcap Conference on Thursday, November 19 at 4:00 PM ET (1:00 PM PT).
"I am eager to discuss with new investors our significant progress against our stated goal of improving Adjusted EBITDA by ten million dollars year-over-year despite the ongoing adverse impacts caused by the global pandemic," said Darren Jamison, President and Chief Executive Officer of Capstone Turbine.
"In addition, I look forward discussing some of our recent business developments such as the recent $50 million term note refinancing with Goldman Sachs, which lowered our interest rate and added an additional $20M of funding for our long-term rental business and general corporate purposes; and our continuing shift to an Energy as a Service (EaaS) business model that we expect will produce additional high margin reoccurring revenue streams. Lastly, I will present to investors our new hydrogen product development efforts as part of our continuing #ShiftToGreen global energy initiative," added Mr. Jamison.
Date: Thursday, November 19, 2020
Time: 4:00 PM ET / 1:00 PM PT
Investors and other individuals may access the virtual presentation by registering here: https://sidoti.zoom.us/webinar/register/WN_ClZI-HLRSrqX0swTKOGDxQ.
Darren Jamison, Capstone's President and CEO and Eric Hencken, Capstone's CFO, will be conducting one-on-one virtual meetings with qualified professional investors throughout the day. To register and schedule a time with management, please contact [email protected] or visit https://sidoticonference.com/events, or contact Capstone Turbine Investors Relations at [email protected].
Supporting presentation materials will be available on the day of the conference by visiting the Investor Relations section of the company's website at www.capstoneturbine.com.
About Sidoti & Company
For more than two decades, Sidoti & Company (http://www.sidoti.com) has been a premier provider of independent securities research focused specifically on small and microcap companies and the institutions that invest their securities. The firm serves nearly 500 institutional clients in the U.S., Canada, and the U.K., including many leading managers of portfolios with $200 million to $2 billion of assets.
About Capstone Turbine Corporation
Capstone Turbine Corporation (www.capstoneturbine.com) (NASDAQ: CPST) is the world's leading producer of highly efficient, low-emission, resilient microturbine energy systems. Capstone microturbines serve multiple vertical markets worldwide, including natural resources, energy efficiency, renewable energy, critical power supply, transportation and microgrids. Capstone offers a comprehensive product lineup via our direct sales team, as well as our global distribution network. Capstone provides scalable solutions from 30 kWs to 10 M.W.s that operate on a variety of fuels and are the ideal solution for today's multi-technology distributed power generation projects.
For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: [email protected]. To date, Capstone has shipped nearly 10,000 units to 83 countries and in FY20, saved customers an estimated $219 million in annual energy costs and 368,000 tons of carbon.
Cautionary Note Regarding Forward-Looking Statements
This release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding expectations, beliefs, plans, intentions and strategies of the Company. The Company has tried to identify these forward-looking statements by using words such as "expect," "anticipate," "believe," "could," "should," "estimate," "intend," "may," "will," "plan," "goal" and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors, including, but not limited to, the following: the ongoing effects of the COVID-19 pandemic; the availability of credit and compliance with the agreements governing the Company's indebtedness; the Company's ability to develop new products and enhance existing products; intense competition; financial performance of the oil and natural gas industry and other general business, industry and economic conditions; the Company's ability to adequately protect its intellectual property rights; and the impact of pending or threatened litigation. For a detailed discussion of factors that could affect the Company's future operating results, please see the Company's filings with the Securities and Exchange Commission, including the disclosures under "Risk Factors" in those filings. Except as expressly required by the federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances or future events or for any other reason.
CONTACT: Capstone Turbine Corporation
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SOURCE: Capstone Turbine Corporation