Capstone Secures 1.4MW in Follow-On Orders for New Shale Compressor Stations
May 06 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 recently
received 1.4MW of orders from E-Finity Distributed Generation for
microturbines to be used for oil and gas operations in the
Marcellus and Utica Shale regions.
E-Finity Distributed Generation, Capstone's distributor for the
Marcellus and Utica Shale plays, has secured multiple orders
totaling 1.4MW of electric power. The orders came from one of their
largest Capstone customers.
The shale customer is once again turning to Capstone and
E-Finity to power two new compressor station facilities in the
state of New York. A Capstone C800 Series product will power one
station and the other will have a C600 Series product. Both sites
will have a heat exchanger paired with their Capstone system. The
combined heat and power systems will provide both primary electric
power and a water heating source for buildings and facility fuel
gas heating.
The customer chose Capstone's clean-and-green technology due to
its continuous duty rating and the low emission and maintenance the
turbines provide. The customer has also put their trust in the
Capstone product by investing in Capstone's Factory Protection
Plan, which will provide 24/7, year round maintenance for their
turbines.
"It's great to see our Oil & Gas customers take advantage of
our clean waste heat and cogeneration, increasing their overall
efficiency. In fact, these sites have the ability to be upwards of
75% efficient," said Jeff Beiter, Managing Partner for
E-Finity.
"Despite the precipitous drop in oil prices, shale gas
production continues to expand just at a slower and more deliberate
rate than a couple years ago," stated Darren Jamison, President and
Chief Executive Officer at Capstone Turbine. "Shale gas producers
are focused on increasing efficiency and lowering operating costs
in response to the drop in energy prices. Follow-on orders like
this certainly indicate that major oil and gas producers are
continuing to select Capstone's efficient and low life cycle cost
microturbines as their preferred option for their critical onsite
power needs," 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 growth
of the oil and gas market and 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
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