Capstone Receives Order to Upgrade Maffei Pasta Factory in Southeast Italy
May 31 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 Signature Series microturbine for the Italian
pasta maker Il Pastaio di Maffei S.&C. Snc. (Maffei).
IBT Group, Capstone’s Italian distributor, secured the order,
which is expected to be commissioned in December 2016.
“Forward looking executives at companies such as Maffei are
increasingly looking at ways to improve operating results while
simultaneously reducing their air emissions and total carbon
footprint,” said Darren Jamison, President and Chief Executive
Officer at Capstone. “This is our second significant order from IBT
Group this quarter and demonstrates the strengthening of the
European market and continued growth of CHP applications
worldwide,” added Mr. Jamison.
The natural gas-fueled C600S microturbine will be installed in a
combined heat and power (CHP) application to produce primary power
and 3 tons of saturated steam per hour using a co-fired steam
boiler. The 600kW microturbine will operate in a grid connect
configuration at over 80 percent system efficiency, which will
significantly lower the site’s grid reliance and reduce the
company’s carbon footprint.
Situated in Southeast Italy, family-owned pasta maker Maffei has
been making pasta since 1960 and is now a globally recognized
brand. Working directly with IBT Group, Maffei selected Capstone
microturbines for their ability to efficiently produce saturated
steam for pasta production and their ability to be easily expanded
to a C1000 to support larger energy loads in the future.
“We are proud to have found in Capstone products the same values
that Maffei (http://www.pastaiomaffei.it) have always believed in:
high quality, environmental respect, complete reliability and
commitment to customers,” said Savino Maffei, President at Maffei.
“With Capstone technology we will reduce CO2 emissions of over 400
tons per year and we will reach over 200 TOE/year of primary energy
savings,” added Mr. Maffei.
According to the U.S. Energy Information Administration (EIA),
Italy is the fourth largest energy consumer in Europe, after
Germany, France and the United Kingdom. As a net importer of crude
oil and natural gas, Italy is heavily dependent on imports to meet
its energy needs.
“We are thrilled to see our microturbines supporting
family-owned businesses like Maffei. Steam-based microturbine CHP
is a perfect application for food manufacturing as it
simultaneously reduces costs and maximizes operational efficiency,”
said Jim Crouse, Executive Vice President of Sales and Marketing at
Capstone.
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 8,800 Capstone Microturbine systems to customers
worldwide. These award-winning systems have logged millions of
documented runtime operating hours. Capstone 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 United States, Latin America, Europe,
Middle East, China and Singapore.
This press release contains "forward-looking statements," as
that term is used in the federal securities laws, about the growth
and advantages of Capstone’s CHP applications and the market growth
in Europe. 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
212-825-3210
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