Question:

I've read more passenger vehicle companies are using your microturbines. One of the major costs farmers have is fuel.

 

Have you considered putting your technology in farm vehicles?

 

A farmer or co-op of farmers could produce their own fuel if series-electric farm vehicles were available. They could use cheaper batteries.

Answer from Capstone Management:

Yes, Capstone is evaluating options for farm, construction and other off-highway vehicles. These electric vehicles would operate on diesel, biodiesel, biogas or agricultural syngas.

Question:

How many of the distributors listed on your site are no longer dealing your products and do you remove distributors from the list when they are no longer active?

Answer from Capstone Management:

Capstone will remove a distribution partner from its website if it does not have a current distribution agreement with them. Today, Capstone has approximately 90 active distribution and OEM partners worldwide.

Question:

Will we see multiple double or triple figure orders coming from the various applications you're into, i.e. buildings, oil rigs this year?

Answer from Capstone Management:

Capstone hopes to continue to get solid market penetration in all of our core vertical markets. Management believes the backlog growth from approximately $5M to $78M over the last three years indicates we are increasing our market share worldwide.

Question:

Why the recent sell off of shares from several officers on Dec 14th?

Answer from Capstone Management:

Shares issued under Capstone’s restricted stock grant program are taxable at the time of vesting.  All of the sales reported on December 14 were for the purpose of covering this tax obligation and did not result in any profit to the sellers.

Question:

What is your current status with DesignLine buses, seeing how their new website does not mention Capstone microturbines and you have dropped it from your solutions?

Answer from Capstone Management:

DesignLine continues to be a critical OEM for Capstone’s C30 and C65 products. DesignLine has over 500 buses in backlog as a result of leveraging Capstone’s products, but DesignLine markets buses instead of power plant solutions.