Capstone Receives Orders for Two C600s From Italian Distributor for Food Manufacturing Plants
January 13 2014 - 8:30AM
Capstone Turbine Corporation (www.capstoneturbine.com)
(Nasdaq:CPST), the world's leading clean technology manufacturer of
microturbine energy systems, announced today it recently received
orders for two C600 microturbines for use in two Italian food
manufacturing plants.
IBT Group, Capstone's Italian distributor, secured both C600
orders, which are expected to be commissioned in June 2014. The two
food manufacturers sought to upgrade the power generation at their
respective manufacturing facilities, requiring not only clean and
reliable electricity, but also steam at 8-bar for their
manufacturing processes. Capstone microturbines were able to
satisfy the electrical and thermal demands of both sites.
Capstone microturbines produce a large volume of clean and
oxygen-rich exhaust which can be used as the primary combustion air
in a steam generation system. The microturbines, coupled with a
post-combustor burner and steam boiler, allow both manufacturing
sites to significantly improve their overall energy efficiency. The
exhaust from the steam generator can then be captured to make hot
water for the building via a heat exchanger, further boosting the
overall system efficiency to greater than 90%.
According to Ilario Vigani, President of IBT, "Traditional
reciprocating engines struggle in this type of combined heat and
power application. This new application of post-combustion steam
production enforces our market presence in the food industry and
helps create an important reference for other industrial sectors
which primarily need steam for their production process."
In addition to their clean exhaust, Capstone microturbines
require very low maintenance. Capstone microturbines operate
on a patented air bearing and do not require coolants or
lubricants. This saves both time and money by minimizing
downtime to their manufacturing processes while also reducing
operating costs.
"This new steam generation application provides great overall
system efficiency and is an excellent application of our Capstone
turbine technology," said Jim Crouse, Capstone's Executive Vice
President of Sales and Marketing. "In addition, it's great to see
another positive sign of increased order flow from Italy as the
overall European market continues to slowly strengthen."
About Capstone Turbine Corporation
Capstone Turbine Corporation (www.capstoneturbine.com)
(Nasdaq:CPST) is the world's leading producer of low-emission
microturbine systems and was the first to market commercially
viable microturbine energy products. Capstone Turbine has shipped
approximately 7,000 Capstone Microturbine systems to customers
worldwide. These award-winning systems have logged millions of
documented runtime operating hours. Capstone Turbine is a member of
the U.S. Environmental Protection Agency's Combined Heat and Power
Partnership, which is committed to improving the efficiency of the
nation's energy infrastructure and reducing emissions of pollutants
and greenhouse gases. A UL-Certified ISO 9001:2008 and ISO
14001:2004 certified company, Capstone is headquartered in the Los
Angeles area with sales and/or service centers in the New York
Metro Area, Mexico City, Nottingham, Shanghai and Singapore.
The Capstone Turbine Corporation logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6212
This press release contains "forward-looking statements," as
that term is used in the federal securities laws, about the use of
our products in steam generation and increased orders from the
European market. Forward-looking statements may be identified by
words such as "expects," "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
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