Capstone Turbine Named a Deloitte 2014 Technology Fast 500 Winner as One of North America's Fastest Growing Companies
CHATSWORTH, Calif., Nov. 25, 2014 (GLOBE NEWSWIRE) -- Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world's leading clean technology manufacturer of microturbine energy systems, today announced the company's inclusion on Deloitte's Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America.
Capstone made the Deloitte Technology Fast 500™ list again this year, coming in with an impressive 190% fiscal year revenue growth from 2009 to 2013.
Capstone's President and Chief Executive Officer, Darren Jamison, credits the U.S. shale gas boom, emergent flare gas market and general trend of businesses worldwide becoming more determined on reducing energy costs with fueling the company's impressive 190% revenue growth from 2009 to 2013. "Capstone is honored to be one of the fourteen clean tech companies to make this year's list. This is the fourth consecutive year Capstone has been a Technology Fast 500 winner, and overall it's our ninth Technology Fast 500 award since 2001," said Jamison.
"We're excited for this list every year because it's such a great microcosm of the technology landscape in general," said Eric Openshaw, vice chairman, Deloitte LLP and U.S. technology leader for Deloitte's technology, media and entertainment and telecommunications industry practice in the Americas. "Some sectors – like software and Internet – have shown consistent growth over recent years. On the other hand, there are always a few surprises – previously under-represented sectors like clean technology have made considerable progress, while biotechnology continues to make up a large part of the list, which is in line with how strong this industry has been over the last year. Congratulations to all on the list on their continued excellence."
About Deloitte's 2014 Technology Fast 500™
Technology Fast 500, conducted by Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private - in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2009 to 2013.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year (2009) operating revenues of at least $50,000 USD or CD, and current-year (2013) operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.
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 approximately 8,000 Capstone Microturbine 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, United Kingdom, Mexico City, Shanghai and Singapore.
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Released November 25, 2014