LOS ANGELES–(BUSINESS WIRE)–$CGEH #CleanPower—Capstone Green Energy Holdings, Inc. (the “Company”) (OTC Pink: CGEH) is pleased to announce the appointment of John Toor as its Vice President of Operations for Capstone Green Energy, LLC, effective on January 27. With over 16 years of extensive experience in manufacturing and supply chain leadership, Mr. Toor will oversee Capstone’s operations, developing and driving manufacturing, planning, and supply chain strategies such as cost-out, 5S, and Lean programs, along with overall manufacturing and procurement effectiveness across the organization.
“We are excited for John to join the Capstone leadership team,” said Vince Canino, President and CEO of Capstone Green Energy. “John’s deep expertise in manufacturing, operations, and supply chain, coupled with his commitment to having the courage to dare greatly whilst understanding that the little things matter to drive iterative success and effectively foster trust among associates, aligns with our Core Values. His leadership will empower the entire organization to consistently strive for excellence in all its endeavors. I am confident that John’s leadership will play a pivotal role in advancing our 3 Pillars of Strength: (1) Financial Health, (2) Sustainable Excellence, and (3) Culture and Talent Development.”
Mr. Toor joins Capstone from All Clear Aerospace and Defense, where he held senior leadership roles focused on streamlining operations and enhancing supply chain efficiency. His career includes tenures at Meggitt Control Systems and Parker Hannifin, where he gained a reputation for applying his expertise in developing high-performance teams focused on continuous improvement principles to optimize manufacturing processes and deliver exceptional results.
John holds a Bachelor of Arts in Economics from the University of California, San Diego, and a Master of Business Administration from Pepperdine University.
“Being part of the dynamic team at Capstone Green Energy, which looks to improve each and every day, no matter how big or small, is exciting for me. I look forward to ensuring our products exceed the value our customers have for them when they make the decision to put their trust in Capstone,” said John Toor, Vice President of Operations. “I am passionate about on-time delivery of high-quality products. My team and I will make every effort to continue to build the trust our customers have placed in Capstone.”
Additional Information
Capstone Green Energy Holdings, Inc. is the public successor to Capstone Green Energy Corporation (CGRN) for SEC reporting purposes. The CUSIP number for the Company’s common stock that is now traded in the Pink Open Market following the reorganization transactions consummated in December 2023 is 14067D607, and its ISIN number is US14067D6076.
About Capstone Green Energy
For almost four decades, Capstone Green Energy has been at the forefront of clean technology using microturbines, revolutionizing how businesses manage their energy supply on a sustainable basis. In partnership with our worldwide team of dedicated distributors, we have shipped over 10,000 units to 83 countries, lowering our client’s carbon footprint with highly efficient on-site energy systems and microgrid solutions.
Today, our commitment to a cleaner future is unwavering. We offer customers a range of microturbine products ranging from 65kW to multiple MW’s for the commercial, industrial, and utility-scale spaces uniquely tailored to their specific needs. Capstone’s solutions portfolio not only showcases our core clean technology microturbines but also includes flexible Energy-as-a-Service (EaaS) offerings, including build, own, and operate models, as well as rental services.
Capstone’s fast, turnkey power rental solutions are intended to address customers with limited capital or short-term needs; for more information, contact rentals@CGRNenergy.com.
In our pursuit of cutting-edge solutions, we’ve forged strategic partnerships to extend our impact. Through these collaborations, we proudly offer solutions that utilize renewable gas products and heat recovery solutions. These solutions greatly enhance the sustainability and efficiency of our client’s operations while contributing to a cleaner and more responsible sustainable energy landscape.
For more information about the Company, please visit www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on Twitter, LinkedIn, Instagram, Facebook, and YouTube.
Cautionary Notes
This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding the improvements Mr. Toor is expected to make at the Company. The Company has tried to identify these forward-looking statements by using words such as “expect,” “anticipate,” “believe,” “could,” “should,” “estimate,” “intend,” “may,” “will,” “plan,” “goal” and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors, including, but not limited to, the following: the Company’s liquidity position and ability to access capital; the Company’s ability to continue as a going concern; the Company’s ability to successfully remediate the material weaknesses in internal control over financial reporting; the Company’s ability to realize the anticipated benefits of its financial restructuring; the Company’s ability to comply with the restrictions imposed by covenants contained in the exit financing and the new subsidiary limited liability company agreement; employee attrition and the Company’s ability to retain senior management and other key personnel following the restructuring; the Company’s ability to develop new products and enhance existing products; product quality issues, including the adequacy of reserves therefor and warranty cost exposure; intense competition; financial performance of the oil and natural gas industry and other general business, industry and economic conditions; the impact of litigation and regulatory proceedings; inquiries from the SEC; the potential material adverse effect on the price of the Company’s common stock and stockholder lawsuits. For a detailed discussion of factors that could affect the Company’s future operating results, please see the Company’s filings with the Securities and Exchange Commission, including the risk factors contained in our most recent Annual Report on Form 10-K. Except as expressly required by the federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances or future events or for any other reason.
Contacts
Capstone Green Energy
Investor and investment media inquiries:
818-407-3628
