Capstone Turbine, E-Finity and Phoenix Contact Celebrate Earth Day With a Wire Cutting Ceremony at a Newly Installed C1000 CC...
April 23 2014 - 8:30AM
Capstone Turbine Corporation (www.capstoneturbine.com)
(Nasdaq:CPST), the world's leading clean technology manufacturer of
microturbine energy systems, celebrated Earth Day by participating
in a wire cutting ceremony in commemoration of Phoenix Contact's
newly installed 1000kW combined cooling, heating, and power (CCHP)
system by symbolically disconnecting the facility from the electric
grid.
Phoenix Contact manufactures industrial automation,
interconnection, and interface solutions. It offers terminal
blocks, which include relays, signal conditioning, controller
system cabling, surge suppression, transition interfaces, and
custom interfaces; printed circuit board terminal blocks;
controllers and IO; as well as industrial plug connectors.
The CCHP system located at Phoenix Contact's United States
headquarters in Lower Swatara Township in Pennsylvania is composed
of a Capstone C1000 power package, a 300-ton exhaust-fired
absorption chiller, and a 5,000-BTU heat exchanger. The turbines
are driven by the thermal dynamics of the facility and, as they
generate electricity, vent exhaust heat through the building's
absorption chiller or the heat exchanger to regulate the
temperatures of the building's hot and chilled water. The system
will generate enough electricity to power the company's facility 65
percent of the time and is capable of generating up to 1MW of
electricity.
"I am very pleased to see that the commercial/industrial
marketplace is recognizing the value that can be gained from
utilizing low-cost, abundant shale gas for generating reliable
onsite combined cooling, heating, and power (CCHP) with Capstone
turbines," said Jeff Beiter, Managing Partner for E-Finity
Distributed Generation, the exclusive Mid-Atlantic distributor for
Capstone Turbine Corporation and the system supplier for the
project.
Representatives, leaders, and executives from Phoenix Contact,
Capstone Turbine Corporation and E-Finity Distributed Generation,
along with members of the local community, were on hand to
participate in the ceremonial wire cutting and observe what a
system of this caliber means for the company, as well as the
environment.
Doug Ferguson, Vice President, Americas Operations Services of
Phoenix Contact, remarked on the benefits of the system by saying,
"As a clean, alternative energy source, the CCHP system provides
two additional key benefits: the system is expected to provide us
an estimated annual savings of over $300,000 per year; and this
additional electricity generation source provides a redundant
source of electricity, which will allow our facility to operate in
the event that either PP&L or our CCHP system goes out of
service."
The system is composed of Phoenix Contact's products, as well.
The control cabinets function in part with Phoenix Contact's
Valueline industrial PCs, Ethernet switches, Visu+ software, I/O,
relays, power supplies, and surge protection, among others.
The installation of the CCHP system comes near the end of a
major expansion and renovation of Phoenix Contact's United States
headquarters. The construction added over 125,000 square feet,
making the total square footage of the facility nearly 360,000
square feet and doubling the manufacturing footprint in the U.S.
The expansion also benefits the local workforce, by adding an
additional 50,000-square-feet of office space.
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 in CCHP applications. 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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