Capstone Turbine Corporation Announces Hybrid Concept Truck Programs With U.S. Heavy Duty Truck Manufacturers Kenworth and Peterbilt
CHATSWORTH, Calif., Oct 17, 2011 (GlobeNewswire via COMTEX) -- Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world's leading clean-technology manufacturer of microturbine energy systems, today announced that it is working with domestic heavy duty truck manufacturers Kenworth and Peterbilt to demonstrate Class 7 and Class 8 microturbine range extended series hybrid trucks.
During the recent Hybrid Truck User's Forum in Baltimore Maryland, it was announced that both Kenworth and Peterbilt are working with Capstone to demonstrate Class 7 and Class 8 microturbine range extended series hybrid trucks using Capstone's CARB certified C65 microturbines. Both vehicles are concept trucks intended to quantify the performance, efficiency, and economic benefits of a microturbine-based series hybrid solution. The Kenworth truck is operational and is currently running on the company's test track in Washington state, and the Peterbilt truck is being assembled.
"We're excited to partner with two U.S. based heavy duty truck companies in Kenworth Truck Company and Peterbilt Motors Company on exploring ways to integrate fuel-efficient microturbine technology into medium and heavy duty trucks," said Darren Jamison, president and chief executive officer of Capstone Turbine Corporation. "We are committed to provide cost-effective business solutions for operators in the trucking industry while also helping to reduce emissions. These programs are an important first in a several step process to potentially developing a commercially available microturbine based hybrid product in the next several years," added Jamison.
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 Turbine has shipped over 6,000 Capstone MicroTurbine(R) systems to customers worldwide. These award-winning systems have logged millions of documented runtime operating hours. Capstone Turbine 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 9001:2008 and ISO 14001:2004 certified company, Capstone is headquartered in the Los Angeles area with sales and/or service centers in the New York Metro Area, Mexico City, Nottingham, Shanghai and Singapore.
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This press release contains "forward-looking statements," as that term is used in the federal securities laws, about use of our products in hybrid trucks and the fuel efficiency, reliability and environmental advantages of our products. 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.
"Capstone" and "Capstone MicroTurbine" are registered trademarks of Capstone Turbine Corporation. All other trademarks mentioned are the property of their respective owners.
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SOURCE: Capstone Turbine Corporation
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