Capstone C800S Microturbine to Power Large Pharmaceutical Company in California
November 03 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 its California
distributor received an order for a C800 Signature Series
microturbine to upgrade a large pharmaceutical company in Northern
California.
Regatta Solutions, Capstone’s distributor in California, secured
the order, which is expected to be commissioned in December 2016.
The customer selected Capstone microturbines over reciprocating
engines due to their ability to provide 24/7 secure power while
also meeting strict Bay Area Air Quality Management District
(BAAQMD) Best Available Control Technology (BACT) emissions levels,
which allow the system to operate continuously and not just as a
backup power source.
The natural gas-fueled C800S microturbine will be installed in
dual mode to provide both prime and secure back up power for the
facility. The electricity-only configuration will also mitigate
first and second order power security threats, whether it be a
utility grid failure or cut in fuel supply. Once installed, the
microturbine energy system is expected to significantly reduce
operating costs while also protecting highly sensitive
manufacturing process loads. Additionally, the customer intends to
expand their utilization of the microturbine by adding heat
recovery equipment in 2017.
“We are seeing a growing number of companies that have created a
multi-dimensional strategy to reduce greenhouse gas emissions while
delivering smarter, more resilient electric power to their
enterprises,” said Steven Acevedo, President and CEO of Regatta
Solutions. “Large, highly technical manufacturing processes will
continue to look for operational cost savings while complying with
environmental regulation and maintaining secure power to their
facilities. Capstone’s technology has the ability to do all three
of these things,” added Mr. Acevedo.
“Pharmaceutical companies require a steady and reliable source
of energy to develop their products as efficiently as possible and
Capstone is dedicated to helping these businesses achieve high
energy availability and operational efficiency while working toward
their goals for long-term sustainability,” said Jim Crouse,
Capstone’s Executive Vice President of Sales and Marketing.
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
9001:2015 and ISO 14001:2015 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 further
expansion into CHP applications, the advantages of our CHP
applications, and their ability to provide secure power, reduce
operating costs, protect sensitive manufacturing process loads, and
meet emission levels. 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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