Business Services Industry
UL Registers Capstone Turbine to ISO 9001
Business Wire, Feb 8, 2001
Business Editors
CHATSWORTH, Calif.--(BUSINESS WIRE)--Feb. 8, 2001
Capstone Turbine Corporation (Nasdaq: CPST) announced today that it has achieved Underwriters Laboratories (UL) registration to ISO 9001 quality standards.
ISO 9001 is an internationally recognized quality management system developed by the International Organization for Standardization. ISO 9001, the most comprehensive standard in the ISO 9000 series, provides a model for quality of design and development of a product, including production, installation and servicing.
"Accepted by more than 90 countries around the world as a quality system management benchmark, Capstone's ISO 9001 registration demonstrates our commitment to continuous process improvement," said Dr. Ake Almgren, Capstone President and CEO. Capstone's internal ISO 9001 task force managers presented Almgren with an ISO 9001 certificate issued by UL during an employee meeting earlier today at the company's Los Angeles area headquarters.
UL performed an on-site assessment, examined documented procedures and surveyed the company's overall operations to determine compliance with ISO 9001 standards. As a standard function of ISO 9001 certification, UL will periodically conduct routine surveillance audits of Capstone's operations. With this endorsement, the Capstone facility is accorded the right to publicly announce its status as a UL Registered Firm and to use the UL Registered Firm Mark.
"Without a doubt, going through the process of documenting our processes helped us improve the quality of our operations. Earning registration in such quick order makes us well-positioned to maintain our position as the technology leader in the global commercialization of microturbines," said Almgren.
"Dan Callahan, our Vice-President of Quality Deployment, and ISO 9001 Coordinator Ed Silveira are to be commended for their leadership in orchestrating the needs of the certification specification with our work teams while keeping real-time production on track.
"This very significant task came to fruition faster than anyone ever expected," Almgren said to the more than 200 employees gathered at the company meeting today. "We're extremely happy to have earned registration and are very proud of every employee that contributed to this process."
About Capstone Turbine
Capstone Turbine Corporation (www.microturbine.com) -- winner of Financial Times Energy's (www.ftenergy.com) 2000 Global Energy Award for Most Innovative Commercial Technology -- is a leading producer of low-emission microturbine systems. In 1998, Capstone was the first to offer commercial power products utilizing microturbine technology, the result of more than ten years of focused research. Worldwide, more than 1,000 commercial production Capstone MicroTurbine systems serve, among others, the following applications:
-- Hybrid electric vehicles (HEVs): onboard generation -- Resource recovery: converting oilfield and biomass waste gases into electricity -- Micro-cogeneration: combined heat/power/chilling solutions -- The 9s market: power quality and reliability
This press release contains "forward-looking statements," as that term is used in the federal securities laws, about Capstone's business, including statements regarding leadership in technology and/or product production. You can find many of these statements by looking for words such as "believes," "expects," "anticipates," "estimates," or similar expressions. These forward-looking statements are subject to numerous assumptions, risks and uncertainties that may cause Capstone's actual results to be materially different from any future results expressed or implied in such statements. These risks and uncertainties include those risks, uncertainties, marketplace competitors and risk factors identified, among other places, under "Risk Factors" in Capstone's registration statement on Form S-1, SEC File No. 333-48524. Capstone cautions you not to place undue reliance on these statements, which speak only as of the date of this release. Capstone undertakes no 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.
Note: High-resolution photos of the ISO 9001 presentation are available at: http://www.microturbine.com/iso9001.
> Note: Information on the FT Energy Award noted above is at http://www.microturbine.com/whatsnew/pressrelease.asp?article=56.Note: High-resolution product photos are available at http://www.microturbine.com/whatsnew.
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