Capstone Secures Orders for 3.2MW of New Signature Series Microturbine Packages
January 06 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 multiple C1000 Signature Series microturbine packages
totaling 3.2 Megawatts.
E-Finity Distributed Generation, Capstone’s distributor for the
Mid-Atlantic and Southeastern United States, secured the order,
which is expected to ship over the next two fiscal quarters. The
fleet of microturbines in E-Finity’s territory has grown
substantially in recent years to more than 400 units in both energy
efficiency applications and oil and gas operations.
“I am pleased to see such strong demand for the new Signature
Series microturbine we recently launched at PowerGen International
in Las Vegas," said Darren Jamison, Capstone's President and Chief
Executive Officer. "We anticipate shipping the first Signature
Series packages starting in mid-February," added Mr. Jamison.
“The continued natural gas infrastructure build-out in the
Mid-Atlantic region is driving a shift from centralized utility
power to energy-efficient CHP systems. We expect to see significant
market growth over the next several years in the decentralized
commercial and industrial CHP space,” said Jeff Beiter, E-Finity’s
Managing Partner.
The natural-gas-fueled microturbines will provide primary power
to on-site equipment at multiple feeder sites in the Marcellus and
Utica shale regions. Each microturbine is modular and can be
expanded in the future to accommodate increased site loads.
Capstone and E-Finity were selected for their superior technology,
technical application engineering and aftermarket support
capabilities.
“The expansion of our global distribution sales team has
strengthened our position in key market verticals and geographies,”
said Jim Crouse, Executive Vice President of Sales and Marketing at
Capstone Turbine. “These orders are proof of the growing acceptance
of our technology as the preferred alternative to the local utility
grid,” 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
key markets and the advantages of our Signature Series product.
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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