Capstone (CPST) To Receive $5 Million in Settlement With Former Supplier
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Capstone To Receive $5 Million in Settlement With Former Supplier
February 22, 2021 8:01 AM ESTVAN NUYS, CA / ACCESSWIRE / February 22, 2021 / Capstone Turbine Corporation (www.capstoneturbine.com) (NASDAQ: CPST), the world's leading manufacturer of clean technology microturbine energy systems, announced today that it has reached a financial settlement in the amount of five million dollars arising out of claims pursued in confidential arbitration with a former strategic parts supplier. Capstone obtained this settlement following a multi-year arbitration process with the former parts supplier. The settlement proceeds will provide Capstone with additional resources to continue to improve customer system reliability and... More
