Capstone Secures 4MW Order for Major Australian Manufacturer
September 21 2015 - 8:46PM
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 four C1000 microturbines for a major Australian
manufacturer. Optimal Group, Capstone's Australian distributor,
secured the order for the 4MW facility, which is
scheduled to be commissioned in early 2016.
The four natural-gas-fueled 1MW microturbines will be installed
in dual mode, which will allow the customer to operate
independently of the grid or with the grid in a load sharing
capacity. The microturbines will provide lower emission power and
increased reliability to their manufacturing process. Capstone
microturbines were chosen for their redundancy and suitability for
further expansion. Other technologies cannot compete with
Capstone's speed of delivery and time to commissioning.
"Australia stands at the edge of a boom in manufacturing as
major trading partners like China look to Australia for
premium products," said Craig Dugan, Chief Executive Officer
at Optimal Group. "This fuels a lot of interest in the type of
clean and reliable distributed power generation only Capstone can
provide," added Dugan.
Australia's free trade agreement with China is expected to be in
place by the end of the year, and the deal will make Australian
products much more affordable there.
"Australia will grow significantly this year and help
offset the slowdown in business we've received in Russia," said
Darren Jamison, President and Chief Executive Officer at Capstone
Turbine. "Capstone has already matched the number of MW sold to
Australia from last fiscal year, and we are excited to see our
Australian distributor's continued success within their market,"
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
over 8,500 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 growth of
the Australian 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
INVESTORS:
Dian Griesel Int'l
Cheryl Schneider/Tom Caden
212-825-3210
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