Capstone Secures Follow-On CHP Order for Three Office Towers at Melbourne CBD
July 10 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 C600S Signature Series microturbine and four C200S
Signature Series microturbines to provide integrated combined heat
and power (ICHP) for three office towers in Melbourne, Australia’s
Central Business District (CBD).
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/b87a563b-0d8a-450a-a71d-721115a06b07
Optimal Group, Capstone’s Australian distributor, secured the
follow-on order, which is scheduled to be commissioned beginning in
mid-2018. Capstone microturbines were selected for their ability to
meet changes in power demands, which enables the high-rise office
towers to obtain CHP energy saving benefits at any time of the day
or year.
Darren Jamison, President and Chief Executive Officer of
Capstone Turbine said, “These three follow-on ICHP projects are the
direct result of our efforts to diversify our customer base and
geographic presence while increasing our revenue from the energy
efficiency space.”
The C600S ICHP microturbine will be installed at an office tower
development on Melbourne’s iconic Collins Street, which will boast
a five-star National Australian Built Environment Rating System
(NABERS) efficiency rating and six-star Green Star rating upon
completion. Two C200S ICHP microturbines will be installed at the
fifth and final tower of the Walker Group’s Collins Square
development, which has the highest concentration of sustainable
buildings in the southern hemisphere. Finally, two C200S ICHP
microturbines will be installed at Collins Arch, a luxury mixed-use
office building development that also comprises a five-star luxury
hotel and 200 residential apartments.
“Our microturbines will provide clean power, cooling and heat
while also enabling the building developers to obtain complex grid
connections and meet strict NOx emission requirements,” said Jim
Crouse, Capstone’s Executive Vice President of Sales and Marketing.
“Capstone microturbines can also be integrated with other energy
technologies allowing for continuous building improvement without
affecting the viability of the initial investment in CHP,” 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 over
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 accessories
offerings, diversification of our customer base and geographic
presence, and increase in revenue from the energy efficiency space.
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.
The photo is also available at Newscom, www.newscom.com, and via
AP PhotoExpress.
CONTACT:
Capstone Turbine Corporation
Investor and investment media inquiries:
818-407-3628
ir@capstoneturbine.com
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