Capstone Receives Follow-On Orders for Fifty C65s From Horizon Power Systems for Multiple U.S. Oil and Gas Customers
June 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
fifty Capstone C65 microturbines for oil and gas customers in the
United States.
Horizon Power Systems, Capstone's exclusive oil and gas
distributor for the Eagle Ford, Permian, San Juan and Wattenberg
Shale plays, secured the orders to support the growing power needs
of its existing customers. The orders will bring the total fleet to
more than 600 microturbines in operation in Horizon's area of
responsibility and will serve various stages of oil and gas
production including powering central processing stations,
well-head operation, and flare reduction.
"North American oil and gas producers continue to adopt Capstone
microturbines because they want the high reliability and low
emission benefits of our products," said Sam Henry, President of
Horizon Power Systems. "Additionally, customers are committed to
conducting business safely, in a socially and environmentally
responsible manner, which is precisely what Capstone microturbines
deliver."
Capstone continues its rapid penetration of the North American
shale gas market with these follow on orders. These orders help
demonstrate that Capstone's low emission, durable, and highly
efficient microturbines are the preferred choice for
around-the-clock production and optimized well site performance.
Capstone's low maintenance ensures a higher availability than its
competitors and also reduces operational costs.
"The oil and gas market continues to show steady growth
worldwide," said Jim Crouse, Capstone's Executive Vice President of
Sales and Marketing. "Capstone microturbines have become the go to
power source for producers that want extremely reliable, easy to
deploy and low emission onsite power solutions. These repeat orders
confirm customers' satisfaction with our clean and green
solutions."
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
environmental advantages and reliability of our products and the
use of our products in the oil and gas 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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