Capstone to Upgrade Plastics Manufacturing Plant in El Salvador With Microturbine Power
March 23 2015 - 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 has secured an
order to upgrade the Salvaplastic manufacturing plant in San
Salvador, El Salvador.
This will serve as Capstone's first project in El Salvador with
hopes that it will encourage the development of future projects
there. El Salvador is experiencing significant growth in its
manufacturing sector despite a decline in the number of
manufacturing plants that import and assemble components for
export, also known as maquiladoras.
Senerco-Enertiva, Capstone's distributor in Central America,
secured the order, which is expected to be commissioned in August
2015.
A propane-fueled Capstone C200 microturbine will be installed in
a grid connect configuration to provide electricity to the
manufacturing facility in parallel with the local utility. The
microturbine will be deployed in a combined cooling and power
application which includes a direct exhaust absorption chiller for
cold water production. In addition, the quiet operation and compact
footprint of the microturbine will allow for a fast and easy
installation, keeping capital costs low and ensuring rapid
payback.
Salvaplastic is a quality plastics manufacturer committed to
continuous improvement as well as being environmentally friendly in
its manufacturing processes. Salvaplastic opted for a
clean-and-green Capstone microturbine over reciprocating engine
alternatives to reduce the overall cost of operation by improving
efficiency. The cogeneration system will require minimal
maintenance by the end user and won't require any oil or lubricants
for operation.
"As Capstone develops and strengthens its presence in Central
America, we continue to leverage the demonstrated success of our
combined heat and power projects worldwide," said Jim Crouse,
Executive Vice President of Sales and Marketing at Capstone
Turbine. "This project is yet another example of smart power
generation with a high efficiency energy solution for a customer
looking to reduce their operational costs," added Crouse.
"Success in new geographies and verticals is critical to
Capstone's success and continued growth and further diversifies and
strengthens our global distribution channel," said Darren Jamison,
President and Chief Executive Officer at Capstone Turbine. "Growth
in new markets like Central America, South America, Africa and the
Middle East will be critical over the next couple of years as we
transition from operating losses into sustained profitability,"
added Jamison.
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 8,000 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, growth of certain markets, and
sustained profitability. 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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