Capstone Signature Series Product to Power Progressive Italian Food Manufacturer Furlotti & C. with State of the Art 80% Effi...
March 14 2018 - 8:30AM
Capstone Turbine Corporation (www.capstoneturbine.com)
(Nasdaq:CPST), the world's leading clean technology manufacturer of
microturbine energy systems, announced today an order for a natural
gas-fueled C600 Signature Series microturbine to provide combined
heat and power (CHP) to Italian food manufacturer Furlotti & C.
Srl (Furlotti). IBT Group (IBT), Capstone’s distributor for Italy,
secured the order, which is expected to be commissioned in November
2018.
Furlotti was founded in 1963 by Giacomo Furlotti and Camillo
Utini. In the beginning, it was a small factory in the center of
Medesano, specializing in the manufacturing of pancetta and coppa,
two Italian specialties. Today, Furlotti is a modern and
progressive international food manufacturer. For more than 50
years, Furlotti has been producing, through traditional Italian
manufacturing methods, a unique selection of deli products such as
pancetta, coppa di parma, pork loin, roasted ham with herbs and
roasted porchetta. Furlotti is also a leading manufacturer of diced
food products.
“Capstone is pleased to be working with such a prestigious and
progressive company like Furlotti, as we continue to penetrate the
large food industry in Italy,” said Darren Jamison, President and
Chief Executive Officer of Capstone. “This is the sixth Signature
Series product sold by IBT into the Italian food industry, and it
is a great application of our technology from both an economic and
environmental perspective,” added Mr. Jamison.
Furlotti was in need of a solution that would help expand the
capacity of their food processing plant. Rather than import more
power from the local utility at excessively high rates, they
considered installing their own power generation solution. Enter
the Capstone microturbine, a highly efficient, clean and reliable
solution. The microturbine provides the extra capacity needed for
the expansion, while simultaneously reducing Furlotti’s operating
expense and reducing their environmental impact.
“Furlotti’s mission is based on the preservation of the
environment and the soil fertility, favored by the development of
food excellence in the respect of traditions guarded for
centuries,” said Ilario Vigani, IBT’s Chief Executive Officer. “In
Capstone’s technology, they have found a great partner, both in
respect of cutting carbon dioxide emissions as well as reducing
energy costs, thus improving the overall competitiveness of the
company,” added Mr. Vigani.
IBT has worked with dozens of Italian food manufacturers and
processors to date and has shown the industry the innovative
Capstone microturbine solution. The thermal energy from the exhaust
of the microturbine is utilized alongside the electrical output to
provide steam via a steam boiler for the manufacturing process.
This combined heat and power application boosts the overall
efficiency of the microturbine to over 80%, making it one of the
most economical and environmentally friendly solutions in the
industry. The installation will also feature Capstone’s new
PowerSync line of controllers, enabling a greater degree of control
and integration with the facility. The unit operates 24/7/365 in
grid connect mode, meaning it works in conjunction with the local
utility to deliver a complete energy solution to the building.
“IBT has been a strong partner for Capstone in Italy,” said Jim
Crouse, Executive Vice President of Sales and Marketing of
Capstone. “Given the aging infrastructure, large amount of energy
consumption and relatively high electricity prices, more businesses
in Italy are turning towards more efficient, sustainable and
reliable solutions to power their business and save them money,”
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.
Forward-Looking Statements
This press release contains "forward-looking statements," as
that term is used in the federal securities laws. 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 CorporationInvestor
and investment media
inquiries:818-407-3628ir@capstoneturbine.com
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