Capstone Upgrades Colombian Hotel With C600 CHP Microturbine Package
January 11 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 a C600 microturbine package to upgrade a Colombian hotel.
Supernova Energy Services S.A.S., Capstone’s Colombian
distributor, secured the order, which is expected to be
commissioned in April 2016.
“This order is significant as it impacts both areas we are
focusing on to get our revenue growing again,” said Darren Jamison,
Capstone's President and Chief Executive Officer. “In addition to
the company’s traditional oil and gas business, Capstone is focused
on making new inroads into CHP and focusing more heavily on global
sales, especially in Australia, Africa, the Middle East and Latin
America. As we diversify the business profile, both geography and
vertical markets, I think we’ll be an even more resilient company,”
added Mr. Jamison.
The natural-gas-fueled C600 microturbine will be installed in
dual mode and provide primary power and chilled water to the hotel
grounds in a high humidity configuration. Capstone’s C600
microturbine is modular and can be easily expanded in the future to
accommodate an increased building load. In addition to Capstone’s
extensive aftermarket support capabilities, the clean energy
production technology was selected for its high reliability and low
lifecycle cost.
According to the U.S. Energy Information Administration (EIA),
natural gas consumption in Colombia has grown significantly, rising
by more than 54 percent over the past decade. Colombia is entirely
self-sufficient in its natural gas supply, making energy efficiency
and CHP attractive options for commercial and industrial
applications.
“There is a great deal of opportunity for Capstone in Latin
America, especially in the energy efficiency market,” said Jim
Crouse, Executive Vice President of Sales and Marketing at Capstone
Turbine. “A robust distribution network allows us to better
identify the challenges customers are facing and implement an
energy solution that is most suitable to their needs,” 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, the advantages of our products and the strengthening
of our distribution network. 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.
Capstone Turbine Corporation
Investor and investment media inquiries:
818-407-3628
ir@capstoneturbine.com
INVESTORS:
Dian Griesel Int’l
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212-825-3210
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