Capstone Receives 4.6MW Order from Horizon Power Systems for Flare Gas Project
January 04 2016 - 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 three C800 systems and two C1000 systems for a total of
4.6 Megawatts for a large flare gas energy project in North America
from Horizon Power Systems.
“The global slowdown in the energy industry is shifting
customers away from exploration to an increased focus on lowering
operating costs at existing assets and converting on-site flare gas
to power generation. This is one way Capstone microturbines can be
used to lower oil and gas users, monthly operational costs," said
Darren Jamison, Capstone's President and Chief Executive Officer.
"We have recently added additional oil and gas sales resources at
Capstone, and we are encouraging our key distribution partners,
like Horizon, to do the same," added Mr. Jamison.
Horizon Power Systems is the exclusive Capstone Turbine
distributor for Texas, Oklahoma, Kansas, Arizona, the Rocky
Mountain States, Intermountain Regions, Gulf Coast States and the
Western Provinces of Canada. The new orders will bring Horizon’s
total fleet to more than 600 microturbines in operation.
The Capstone product was chosen because of its superior overall
value proposition. No other microturbine manufacturer provides the
combination of presales and aftersales support that the Capstone
distributor network provides.
“Capstone microturbines have become the preferred choice for our
customers because they want the high reliability and low emission
benefits of our products,” said Sam Henry, President of Horizon
Power Systems. “Additionally, customers need solutions that
can burn poor quality flare gas and operate in extremely harsh
environments, which is precisely what Capstone microturbines
deliver 24 hours a day, 365 days per year,” added Mr. Henry.
Capstone continues to attract new and repeat customers globally.
These orders help demonstrate the confidence our distributors and
end users have in Capstone’s low emission, durable and highly
efficient microturbines and why Capstone is their first choice for
around-the-clock on-site energy production.
“Our inverter based generation systems provide flexibility that
very few other solutions can provide,” said Jim Crouse, Capstone’s
Executive Vice President of Sales and Marketing. “Capstone
microturbines have become the go-to power source for customers that
want extremely reliable, high quality, easy to deploy and low
emission on-site power solutions. The Horizon order indicates our
customers’ satisfaction with our clean and green solutions,” added
Mr. Crouse.
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 8,600 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 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
INVESTORS:
Dian Griesel Int’l
Cheryl Schneider/Tom Caden
212-825-3210
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