Capstone Receives C1000 Order for Business Center in Medellin, Colombia
April 20 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 received an
order for a C1000 microturbine to upgrade five commercial buildings
at "Centro Administrativo La Alpujarra" in Medellín, Colombia.
Supernova Energy Services S.A.S., Capstone's Colombian
distributor, secured the order, which is expected to be
commissioned in October 2015.
Officially known as the José María Córdova Administrative
Center, Centro Administrativo La Alpujarra is one of the most
historic business centers in Medellín. The large urban complex of
government buildings was originally built for the administration of
the Antioquia department and Medellín municipality. Today the
business center is also home to businesses including the National
Tax Administration, the National Palace, and Teleantioquia, a
regional television channel.
The natural-gas-fueled C1000 microturbine will be installed in a
combined cooling heat and power (CCHP) application in order to
supply primary power to five commercial buildings within the
business center with electricity, hot water and chilled water. The
microturbine will work in parallel with the local grid to produce
500 RT (refrigeration tons) using an absorption chiller and provide
improved energy management and reliability to each connected
building.
Capstone microturbines were chosen for their low emission
profile and for holding the highest net efficiency rate at nearly
80 percent. Capstone is at the forefront of green building
technology, ensuring that Centro Administrativo La Alpujarra will
remain compliant with future emissions laws and green building best
practices.
"Businesses are continuously looking for ways to improve their
property value, reduce costs and become more energy efficient,"
said Jim Crouse, Executive Vice President of Sales and Marketing at
Capstone Turbine. "Capstone and Supernova are able to provide the
ideal solution, to help customers in Columbia achieve economic and
sustainability with a leading-edge technology," added Crouse.
"Growth in markets like Central and South America is critical to
Capstone's future revenue growth and further diversifies and
strengthens our global distribution channel," said Darren Jamison,
President and Chief Executive Officer at Capstone Turbine. "The
underlying strength of our business continues to improve despite
macroeconomic headwinds with the continuing maturation and
diversification of our distribution channel, improving product
reliability, new product features and growing worldwide turbine
population driving a robust parts and service business," 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, the growth of our business and strength
of our distribution channel. 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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