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CPST (NASDAQ) 1.15 | up0.01 | Sep 19 2014 | 16:00 ET

Ask Management

Welcome to the "Ask Management" section of our site. "Ask Management" is your opportunity to submit a question to Capstone Turbine Corporation's management team.

Click here to submit a question right now!

NOTICE: All information submitted through this form is subject to editorial review and may or may not be responded to in the Ask Management section of our website.

This section of our web site contains "forward-looking statements," as that term is used in the federal securities laws, regarding future events or financial performance of the Company within the meaning of the Safe Harbor provision of the Private Securities Litigation Reform Act of 1995. 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. We refer you to the Company's Form 10-K, Form 10-Q and other recent filings with the Securities and Exchange Commission for a description of these risk factors. 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.



August 21, 2014

Question:

I understand I can submit questions to Ask Management which may or may not be answered online. Who is supposed to be responsible for responding to shareholders or others that submit inquiries to the IR site? If the questions cannot be answered by that person, why aren't they referred to Management to be answered?


Answer from Capstone Management:

Capstone eliminated the internal investor relations position several years ago in order to reduce operating costs. Capstone’s Form 10-K’s and 10-Q’s provide a wealth of information that address many of the questions from shareholders.

Part of the website upgrade included an “Ask Management” section where the CEO reviews questions submitted and responds to selected questions that can be publicly addressed and are not redundant to other information available to shareholders. The CEO has responded to approximately 500 questions since the inception of the program and approximately 300 are currently available for viewing online. 

August 19, 2014

Question:

You mentioned $1.3-1.4 billion of identified opportunities. Would you please break that down a bit for me?


Answer from Capstone Management:

Capstone’s $1.5 billion in identified opportunities are approximately 75% America’s and 25% Asia and Europe as of June 30, 2014.

August 19, 2014

Question:

Please describe the "Pump Jack" product and please give more details on its market potential.


Answer from Capstone Management:

A pump jack is the over ground drive for a reciprocating piston pump in an oil well. It is used to mechanically lift liquid out of the well if there is not enough bottom hole pressure for the liquid to flow all the way to the surface. The arrangement is commonly used for onshore wells producing little oil. Pump jacks are common in oil-rich areas.

The global pump jack market is witnessing high growth of around 9.5% on account of increased utilization, technological advancements, and growing oil production activities in the major oil importing and exporting countries.

Capstone is developing a version of its product with additional battery capacity to handle the high inrush and outrush currents required in this particularly demanding oil and gas application.

August 18, 2014

Question:

You stated on the conference call that you "are not aware of any imminent changes or impact at this time related to the company's business in Russia or that of our Russian distributor, BPC". Is this still true?


Answer from Capstone Management:

That is correct. However, if management becomes aware of a material change or material impact to the company’s business in Russia or specifically with BPC we will make a public disclosure to inform shareholders.

August 18, 2014

Question:

Does CPST have to compete with anyone else for the WrightSpeed business or has WrightSpeed already designed in your product?


Answer from Capstone Management:

To our knowledge WrightSpeed does not currently use any other range extender solution other than the Capstone C30 and C65 microturbines.