Capstone Receives Two Orders Totaling 2.6MW From Regatta Solutions for Prominent Southern California Hospitals
March 04 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 received orders for
two Capstone C800s and a Capstone C1000 to be used in two Southern
California hospitals.
Regatta Solutions secured the first order for two Capstone C800
Natural Gas fueled microturbines to be installed at a Los Angeles
hospital. The microturbines will be used in a CHP (Combined Heat
and Power) application to offset the facility's electric base load
in addition to providing steam and hot water, boosting their
overall site efficiency. The facility chose Capstone microturbines
due to their low maintenance, low emissions, and high overall
efficiency. Capstone microturbines do not require lubricants or
coolants and have few maintenance intervals, providing the hospital
with lower operating costs. This customer was also able to take
advantage of California's SGIP (Self-Generation Incentive Program),
which provides incentives to support existing, new, and emerging
distributed energy resources.
Vice President of Regatta Solutions, Kenda Burkhart, stated, "It
is great to see the continued adoption of Capstone Turbine
technology in the healthcare industry. The market as a whole is
realizing that implementing clean and green CHP technology will
deliver substantial improvements in their overall efficiency and
reduce their facility's operating expenses." The site is expected
to be commissioned in late 2014.
Regatta Solutions secured the second order for a Capstone C1000
natural gas microturbine to be installed at another hospital in Los
Angeles. The microturbine will be deployed in a CCHP (Combined
Cooling Heat and Power) application, offsetting the electric base
load while also utilizing the exhaust heat to provide absorption
chilling. By utilizing the microturbine in a CCHP configuration
along with the added benefit of the project qualifying for over
$500,000 in California SGIP incentives, the hospital is able to
reduce the payback period, making it the clear choice from a
financial standpoint. California has the strictest emission
requirements in the world, making Capstone microturbines a clear
choice because they can meet these standards without any pre or
post treatment of the exhaust.
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, United Kingdom, Mexico City, 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
advantages of our products, adoption of our products in the
healthcare industry and compliance with California emissions
requirements. 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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