Capstone Microturbine to Power a Silica Manufacturer in Italy
September 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 received an
order for a C1000 microturbine to upgrade a processing plant for an
Italian silica manufacturer.
IBT Group, Capstone's Italian distributor, secured the order,
which is scheduled to be commissioned in December 2015.
The natural-gas-fueled C1000 microturbine will be installed in a
combined heat and power (CHP) application to provide base load
power to the processing facility and heat to continuously dry the
silica during production. The 1MW microturbine is modular so that
it can easily be expanded to accommodate future increase in
facility load. Capstone microturbines do not use oil or lubricating
liquids to operate, which allows for minimal maintenance and
increased uptime, maximizing production and profitability.
Capstone microturbines were selected for their low emissions, as
well as the associated cost savings. The silica manufacturer is
expected to save up to 30 percent in energy costs while also
benefiting from incentives provided by the Italian state for
implementing a high-efficiency cogeneration plant. The microturbine
power plant will reduce the company's annual emissions by more than
1,700 tons per year and the expected payback on the investment is
less than two years.
"The drying process application is very important to us," said
Ilario Vigani, CEO at IBT Group. "We feel that it will lead to
further projects within the chemical industry, one of the sectors
most in need of energy efficiency, in order to gain
competitiveness," added Vigani.
"IBT Group has been a valuable partner for Capstone in Italy,"
said Jim Crouse, Capstone's Executive Vice President of Sales and
Marketing. "We are seeing more and more high-profile orders coming
from this region as manufacturers within various industries realize
the economic and environmental benefits of utilizing our patented
microturbine technology," added Crouse.
"Companies across numerous verticals and around the world are
realizing there is a better way to procure your electrical and
thermal energy that saves both money and the environment," said
Darren Jamison, Capstone's President and Chief Executive Officer.
"We are seeing more and more orders for combined heat and power
(CHP) which is helping offset the slowdown in our oil and gas
business. We are determined to quickly become as diversified as
possible from both a market vertical and geographic perspective,"
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 the
advantages of our products and the growth of the Italian 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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