Capstone Receives Orders From Taiwanese Distributor for Palm Oil Processing Plants
April 02 2014 - 8:30AM
Capstone Turbine Corporation (www.capstoneturbine.com)
(Nasdaq:CPST), the world's leading clean technology manufacturer of
microturbine energy systems, announced today that it received two
orders totaling three megawatts (MW) to provide power to palm oil
processing plants in Malaysia.
Aerospace Industrial Development Corporation (AIDC), Capstone's
distributor in Taiwan, secured the orders. The orders are the first
phase of what is expected to be a total of 15MW installed over the
next three years and mark Capstone's first order in the palm oil
production market. The microturbines will run on palm oil
milling effluent (POME) biogas produced as a byproduct of the palm
oil extraction process and will provide 100% of the power to the
facilities in a standalone capacity. Conservative estimates
place the potential POME biogas production from all palm oil mills
in Indonesia and Malaysia at more than 50 million cubic meters each
year, equivalent to power generation capacity of more than 800
gigawatts.
Generating onsite power with the waste from the palm oil
extraction process provides increased efficiency in the
manufacturing process by using the palm remains that would
otherwise be discarded. Additionally, reliance on the local
grid is eliminated, ensuring stability and uptime in the
manufacturing process. With large production volumes, the palm
oil processing plants need reliable power for their
around-the-clock manufacturing process.
In coming to the decision to eliminate their reliance on the
local utility grid, the palm oil processing plants compared
traditional reciprocating engines to Capstone
microturbines. Capstone microturbines were chosen because of
their high reliability, low operating costs, and extremely low
emissions. With only one moving part and no need for
lubricants or coolants, Capstone microturbines have very low
operating costs and require minimal maintenance. Furthermore,
Capstone has shipped well over 7,000 microturbines worldwide with
more than 60 million operating hours, demonstrating the reliability
the palm oil processing plants desire.
"Our standalone mode biogas C65 microturbine configuration was
released two years ago with great success," said Jim Crouse,
Executive Vice President of Sales and Marketing at Capstone
Turbine. "Releasing the C200 and C1000 in standalone mode
operating on biogas provides substantial new opportunities in
emerging markets such as Southeast Asia, India, and Africa."
"Capstone remains committed to expanding our global presence in
the food processing industry," said Darren Jamison, Capstone
President and CEO. "We are particularly excited about these
two projects in Malaysia and plan to showcase these successful
installations as blueprints for future projects."
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, use of our products in biogas
applications, increased opportunities in Southeast Asia, India and
Africa and expanded presence in the food products industry.
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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