Capstone’s New Russian Distributor Powers Far Eastern Federal District Railway Station
October 14 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 recently
shipped a C800 Signature Series microturbine to the Russian Far
Eastern Federal District to power a railway station. The project is
expected to be commissioned in December 2016.
DV Energy LLC is Capstone’s new combined heat and power (CHP)
distributor for the Far Eastern Federal District and serves all of
Capstone’s market segments except oil and gas. DV Energy was chosen
to be a Capstone distributor because of its established connections
in the region and experience in service and maintenance. This
territory has historically been a difficult region to develop
because of challenges such as permafrost, sparse population and
limited access to other regions of Russia.
Additionally, electricity from the utility is costly in the Far
Eastern Federal District and the service is unreliable. The natural
gas-fueled C800S microturbine will provide all the power for the
main railway station building, reducing its operational costs and
eliminating the uncertainty of grid fluctuations. The microturbine
will operate in grid connect mode, which enables the utility to act
as a backup power source should it be needed.
“Part of our strategic plan is to rebuild our Russian business
by adding additional distributors in Russia and the Commonwealth of
Independent States (CIS). The addition of DV Energy is another
example of our continued commitment to execute our strategic plan
to reach profitability as quickly as possible,” said Darren
Jamison, President and Chief Executive Officer of Capstone.
“We are excited that DV Energy is representing Capstone in this
region. We are already seeing the results of their efforts with
their first C800 Signature Series microturbine shipment and a
growing pipeline of new opportunities,” said Jim Crouse, Executive
Vice President of Sales and Marketing of 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 attaining
profitability, the success of our new distributor and sales into
the Far Eastern Federal District in Russia. 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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