GESS International and Capstone Turbine to Sponsor Rossi at Texas and Pocono Indy Races
June 05 2019 - 8:30AM
Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:
CPST), the world’s leading clean technology manufacturer of
microturbine energy systems, announced today that GESS
International and Capstone Turbine will serve as the primary
sponsor of the Andretti Autosport No. 27 racing machine at this
weekend’s race at Texas Motor Speedway and again in August at the
“Tricky Triangle” of Pocono Raceway. The partnership builds off the
associate sponsorship across all four Andretti Autosport
entries.
The relationship between the championship-winning team and the
green energy services company began during the month of May when
the GESS International logo appeared on each of Andretti
Autosport’s four Indy cars for the IndyCar Grand Prix and its
five-car line up at the 103rd edition of the Greatest Spectacle in
Racing. GESS International offers solutions in the field of “green”
energy and energy efficiency while specializing in the production
of renewable natural gas (RNG). “GESS International is excited to
expand its partnership with Capstone Turbine Corporation and
Andretti Autosport with Alexander Rossi, the driver of the No. 27
Indy car,” said Shaun Lee, President of GESS International.
“As leaders in the renewable natural gas (RNG) industry, GESS looks
to promote the use of RNG Biogas. GESS continues to raise awareness
of carbon negative emissions and green energy.” Capstone, a
strategic partner of GESS International, is committed to improving
the efficiencies of energy needs around the world, while
simultaneously reducing the global emissions of pollutants and
greenhouse gases. Capstone’s systems help end users improve their
impact on the environment while still meeting power and reliability
needs. To date, Capstone has shipped over 9,000 units to 73
countries and last year alone saved customers an estimated $253
million in annual energy costs and 350,000 tons of carbon. “We are
very excited about this partnership opportunity with Andretti
Autosport in support of Alexander Rossi as Capstone looks to
further the brand awareness of its high-efficiency, low-emission
energy solutions,” said Darren Jamison, President and Chief
Executive Officer of Capstone. “Despite saving customers millions
of dollars annually and helping save the planet by reducing tons of
carbon, it’s still surprising how many people are still not aware
of Capstone’s innovative, clean and green microturbine products.
I’m confident that our sponsorship with the world-renowned Andretti
Autosport will help us raise awareness of our clean energy
technology,” added Mr. Jamison. “We are thrilled to grow our
partnership with GESS International and welcome Capstone to
Andretti,” said Andretti Autosport Chief Executive Officer
Michael Andretti. “Our partnership was first highlighted with
Alexander Rossi when he drove to a second-place finish in Indy.
We’re happy to welcome GESS back in a larger capacity and look
forward to continue growing our on-track success,” concluded Mr.
Andretti. The green and white No. 27 GESS/Capstone Honda will see
the track Thursday for an evening practice session at Texas Motor
Speedway. The field of racers will qualify Friday at 6:45 p.m. ET
and will start their engines Sunday at 8:40 p.m. for a race under
the lights on the 1.5-mile oval. Coverage for both qualifying and
the DXC Technology 600 will be available on NBC Sports Network.
Pocono Raceway will host the ABC Supply 500 on August 18th.
About Capstone Turbine Corporation
Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:
CPST) is the world’s leading producer of highly efficient,
low-emission, resilient microturbine energy systems. Capstone
microturbines serve multiple vertical markets worldwide, including
natural resources, energy efficiency, renewable energy, critical
power supply, transportation and microgrids. Capstone offers a
comprehensive product lineup, providing scalable systems focusing
on 30 kWs to 10 MWs that operate on a variety of gaseous or liquid
fuels and are the ideal solution for today's distributed power
generation needs. To date, Capstone has shipped over 9,000 units to
73 countries and has saved customers an estimated $253 million in
annual energy costs and 350,000 tons of carbon.
For more information about the company, please visit
www.capstoneturbine.com. Follow Capstone Turbine on Twitter,
LinkedIn and YouTube.
About GESS International
GESS International (www.gessinternational.com) is a highly
experienced and globally established renewable energy service
company. With over 350 completed projects worldwide, GESS has over
21 years of expertise in providing energy efficient solutions using
co-generation and renewable energy resources such as biogas. From
consulting to managing operations of completed projects, GESS
offers design and implementation solutions with a direct economic
impact for its customers and their communities.
About Andretti Autosport
Andretti Autosport, led by racing legend Michael Andretti,
boasts a wide racing portfolio rooted in tradition and designed for
success.
Under the banners of Andretti Autosport, Andretti Rallycross and
Andretti Formula E, the Indianapolis-based team fields multiple
entries across the Indy Car Series, Indy Lights, the FIA Formula E
Championship, the GT4 America Series and Americas
Rallycross. The team also competes as Walkinshaw Andretti
United in the Australian Supercars category through partnership
with Walkinshaw Racing and United Autosports. The global
racing enterprise boasts four Indy Car Series championships, three
Indy Light titles, one Pro Mazda championship and has captured
victory five times at the famed Indianapolis 500 race.The team also
holds two X Games Gold Medals and four U.S. rallycross
championships. To share in the Andretti story, please visit
online at www.AndrettiAutosport.com and follow on social media at
#AllAndretti.
Forward-Looking Statements
This press release contains “forward-looking statements,” as
that term is used in the federal securities laws. Forward-looking
statements may be identified by words such as “expects,”
“believes,” “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. 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.
CONTACT: |
Capstone
Turbine Corporation |
|
Investor and investment media inquiries: |
|
818-407-3628 |
|
ir@capstoneturbine.com |
|
|
|
Integra Investor Relations |
|
Shawn M. Severson |
|
415-226-7747 |
|
cpst@integra-ir.com |
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/6206c046-02d0-42b9-95b1-4f78c99618d9
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