Capstone Expands Footprint in Indonesia With Sale of a C800 at a Cement Factory
July 17 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 an
order from Indonesia for a Capstone C800 system to power a cement
factory in Balikpapan.
The order was secured by Serba Dinamik, Capstone's exclusive
distributor for Indonesia, Malaysia, and Brunei and is expected to
be commissioned in September 2014.
Indonesia is an archipelago comprising 13,466 islands. It
encompasses 33 provinces with over 238 million people, making it
the world's fourth most populous country. The nation's capital city
is Jakarta and the country shares land borders with Papua New
Guinea, East Timor, and Malaysia. Indonesia is a founding member of
ASEAN and a member of the G-20 major economies. The Indonesian
economy is the world's 16th largest by nominal GDP.
The cement factory, located in Balikpapan, Indonesia, will be
powered exclusively by the Capstone C800 microturbine. Initially
powered by diesel reciprocating engines, the factory sought an
alternative option that was more cost effective and efficient.
After securing a steady supply of liquefied natural gas (LNG) to
replace the high cost diesel fuel, the factory turned their
attention to a more reliable, efficient, cost effective and cleaner
power generation option to replace their existing diesel
reciprocating generation equipment.
The Capstone C800 microturbine is a modular generation system
that provides the high availability, high reliability, and low
operating cost that the factory needed. The Capstone microturbine
has a higher maintenance interval than its competitors due to its
patented air bearing technology and rugged design. The C800 is a
standalone unit, meaning the cement plant operates independent of
the electric utility and relies solely on the microturbine for its
entire electrical load.
"Businesses are constantly seeking to achieve energy
independence from utilities while simultaneously reducing their
operating costs," stated Jim Crouse, Executive Vice President of
Sales and Marketing at Capstone Turbine. "Many of them are
turning to clean and green Capstone microturbines as their
preferred power generation option because of their reliability,
high availability, and low operating cost."
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. 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
Capstone Turbine (NASDAQ:CPST)
Historical Stock Chart
From Aug 2024 to Sep 2024
Capstone Turbine (NASDAQ:CPST)
Historical Stock Chart
From Sep 2023 to Sep 2024