Capstone to Deliver 1.6 MW Signature Series ICHP Solution to New York Area Hospital
May 30 2017 - 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 has received
an order for a C1000S and C600S Signature Series microturbine with
Capstone integrated heat recovery modules and controls to improve
the energy efficiency at a hospital in the New York metropolitan
area.
Capstone’s distributor RSP Systems secured the order, which is
expected to be commissioned in late 2017. Capstone microturbines
were selected for their low environmental footprint and significant
operational cost savings.
“We continue to successfully diversify our market verticals by
concentrating on CHP as energy efficiency is a growth market for us
globally and New York in specific is one of our fastest growing
territories,” said Darren Jamison, Capstone’s President and Chief
Executive Officer. “Our recently launched Signature Series product
with its fully integrated heat recovery solution is targeted
directly at customers like hospitals as well as hotels, office
buildings, retail and industrial applications and I’m proud to say
the Signature Series product, and new integrated heat recovery
solution is performing well and exceeding expectations,” added Mr.
Jamison.
Both natural gas-fueled microturbines will be installed in an
integrated combined heat and power (ICHP) application and operate
in dual mode, which allows the customer to operate independently or
with the grid in a load sharing capacity. The clean exhaust heat
from the integrated heat recovery modules will help offset the
facility’s thermal load and boost overall site efficiency.
“This is another example of a U.S. hospital adopting sustainable
business practices to become more efficient and have less of an
impact on the environment,” said Jim Crouse, Capstone’s Executive
Vice President of Sales and Marketing. “Capstone enables healthcare
facilities to become more self-sufficient while saving them money
on energy costs,” 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 9,000 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 and Asia.
This press release contains "forward-looking statements," as
that term is used in the federal securities laws, about the
advantages of our Signature Series product and accessory offerings;
advantages of our integrated heat recovery solution; advantages of
ICHP applications; diversification into market verticals; and
growth into the energy efficiency market. 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
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