Capstone Secures 6MW Order from Repeat Customer in Cartagena, Colombia
April 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 six of its new C1000 Signature Series microturbines for a
repeat customer in Cartagena, Colombia.
Supernova Energy Services S.A.S., Capstone’s Colombian
distributor, secured this new order, which will be rolled out in
three phases starting January 2017.
Darren Jamison, President and Chief Executive Officer of
Capstone, said, “Colombia has become our largest market within
South America over the last year and continues to provide strong
growth opportunities, specifically in the industrial combined heat
and power (CHP) market vertical.”
“Improving our geographic diversification is a key strategic
initiative, and our efforts are resulting in significant new
bookings from areas that include Mexico, South America, Eastern
Europe, Australia, China, Africa and the Middle East. Concurrently,
the energy efficiency and CHP market vertical continues to show
steady growth and is offsetting the downturn we have been
experiencing in the oil and gas markets,” added Mr. Jamison.
The first phase, which is comprised of two natural gas-fueled
C1000s, will be installed in a combined cooling, heat and power
(CCHP) application and operate in stand-alone mode. The
microturbines will provide primary electricity and district cooling
for several buildings currently under development, including a
hospital and a hotel. The second and third phases, which involve
the remaining four C1000s, will be rolled out soon thereafter. The
energy requirement of the project could reach a total of 10MW,
which would require four additional C1000s.
Capstone microturbines were selected for this project due to
their high reliability, low maintenance and demonstrated total
system efficiency when deployed in a cogeneration capacity.
Capstone is at the forefront of green building technology, ensuring
that both new and existing energy infrastructures are compliant
with future emissions laws while simultaneously reducing
operational expenses.
According to the U.S. Energy Information Administration (EIA),
natural gas consumption in Colombia is consistently rising.
Colombia is an entirely self-sufficient country with its natural
gas supply, making energy efficiency and CHP attractive options for
commercial and industrial applications.
“Supernova is constantly pursuing new business inroads across
numerous market verticals,” said Jim Crouse, Executive Vice
President of Sales and Marketing at Capstone. “Their expertise,
paired with Capstone’s leading-edge technology, allows them to
identify the most ideal solution to significantly reduce their
clients’ energy costs, boost operational efficiency and help meet
their sustainability goals,” 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 has shipped
approximately 8,700 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 product and CHP applications, the growth of the
CHP market, and the market growth in Colombia. 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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