CHATSWORTH, Calif., Oct. 10, 2017 (GLOBE NEWSWIRE) — Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world’s leading clean technology manufacturer of microturbine energy systems, announced today that it is further lowering its quarterly operating expense target from $5.5 million per quarter to $5.0 million per quarter after a restructuring of the companys engineering assets and other cost reduction activities.
This new restructuring places all of Capstones engineering assets into one new Technical Solutions Group (TSG) reporting directly to Darren Jamison, Capstones President and Chief Executive Officer. This restructure moves Capstone from a higher cost three-department research and development, sal…
Read the full article at: https://globenewswire.com/news-release/2017/10/10/1143712/0/en/Capstone-Further-Lowers-its-Quarterly-Operating-Expense-Target-on-Engineering-Restructuring.html