Capstone Secures C800S Order to Upgrade Artificial Casing Manufacturer in Mexico
November 07 2016 - 08:30AM
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 C800S microturbine to upgrade the manufacturing
facility of a producer of artificial casings for meat products in
Zacapu, Mexico.
DTC Ecoenergía, Capstone’s distributor in Mexico,
secured the order which is expected to be commissioned in February
2017. The customer intends to use the microturbine as the first
phase of a larger 8MW combined heat and power (CHP) plant.
“Forward-looking executives are increasingly
looking at ways to improve operating results in a competitive
global environment while simultaneously reducing their air
emissions and total carbon footprint,” said Darren Jamison,
President and Chief Executive Officer at Capstone. “As more and
more companies start making informed energy decisions, we expect to
continue to see substantial growth of CHP applications worldwide,”
added Mr. Jamison.
The natural gas-fueled C800 Signature Series
microturbine will be installed in a dual mode application to supply
power to critical loads and help produce steam for industrial
processes. Capstone microturbines were selected for the project
because of their low operating cost, high reliability, low noise
and low emissions.
According to the U.S. Energy Information
Administration (EIA), Mexico is investing in new power plants to
increase electricity generation capacity and transition to natural
gas as the main fuel source. Additionally, the industrial
sector in Mexico accounts for 58% of Mexico’s electricity usage.
This transition to a more decentralized model aligns well with
cogeneration or CHP, which is able to achieve 80% total system
efficiency. This helps to improve the customer’s bottom line
while also providing greater energy resiliency to their
business.
“Privately owned generators are playing a much
larger role in Mexico’s electricity supply,” said Jim Crouse,
Capstone’s Executive Vice President of Sales and Marketing. “DTC
continues to expand their installed base and aftermarket support
capabilities. They are a great example of Capstone’s growing
distribution network, and why CHP has become more than 60 percent
of our business today,” 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 8,800 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 the advantages of our CHP applications and further expansion
in to CHP markets, including markets in Mexico. 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 inquiries:
818-407-3628
ir@capstoneturbine.com
INVESTORS:
Dian Griesel Int’l
Cheryl Schneider
212-825-3210
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