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Capstone Effects $3M Settlement Payment to Carrier to Conclude the Company’s Royalty Obligation Saving Millions in Future Royalty Costs which Positively Impacts Future Product Gross Margin
September 20, 2018 • 8:30 EDT
VAN NUYS, Calif., Sept. 20, 2018 (GLOBE NEWSWIRE) -- Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq: CPST), the world's leading clean technology manufacturer of microturbine energy systems, announced today it made the previously negotiated $3 million settlement payment to Carrier to conclude Capstone’s future royalty obligations, saving millions in future royalty costs which...
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