Capstone Secures Direct Drying Project for Italian Wood Chip and Wood Flour Manufacturer
September 11 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 received an
order for a C600S microturbine to power and serve the wood drying
process for a manufacturer of wood chip and wood flour for the
zootechnical sector in Northeast Italy.
IBT Europe GmbH, one of Capstone’s Italian distributors, secured
the order, which is estimated to be commissioned in January 2018.
Capstone microturbines were selected for the associated cost
reductions due primarily to their ability to connect seamlessly
with existing industrial process systems.
“Being the first reference in Europe of a direct exhaust
application for the wood flour industry, it’s a very important
project for us,” said Ilario Vigani, IBT Europe GmbH’s Chief
Executive Officer. “It plays a strategic role as a forerunner in
the configuration of Capstone’s oil-free natural gas microturbines
in direct fumes applications used in specific industrial drying
processes.”
“It is always meaningful to penetrate a new niche market with
your new flagship product and is particularly encouraging to see
our recent upturn in project opportunities start to translate into
new product orders,” said Darren Jamison, Capstone’s President and
Chief Executive Officer.
The Capstone C600 Signature Series microturbine will be
installed in a combined heat and power (CHP) configuration and
operate on liquefied natural gas. In addition to powering the
manufacturing facility, the direct exhaust from the microturbine
will connect with the existing wood drying system, boosting overall
efficiency.
“As the U.S. dollar weakens, we are seeing a noticeable
improvement in the number of opportunities within the European
power generation sector,” said Jim Crouse, Capstone’s Executive
Vice President of Sales and Marketing. “With direct drying
applications, in particular, businesses can achieve energy
efficiency levels greater than 80 percent while simplifying the
installation and maximizing return on investment,” 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 offerings, expansion
into the CHP market, and increases in opportunities in the power
generation sector. 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: |
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Capstone Turbine
Corporation |
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Investor and investment
media inquiries: |
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818-407-3628 |
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ir@capstoneturbine.com |
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