Capstone Turbine Secures Second Major Order in December as the Market in Mexico Heats Up -- Latest Order is Fourteen C1000s f...
January 06 2015 - 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
another significant order from Mexico for fourteen C1000
microturbines for multiple CHP projects in Mexico.
"This substantial order was received just weeks after we
received the order for six C800 microturbines and sixteen C30
microturbines for the second phase of the Los Ramones pipeline
project in Mexico," said Darren Jamison, President and Chief
Executive Officer at Capstone Turbine. "These two orders combined
total approximately $17 million and should make Mexico a top 5
market for calendar year 2015," added Jamison.
DTC Ecoenergia, Capstone's Mexican distributor, secured the
latest order. Two of the C1000 microturbines shipped in late
December, and the balance of the order will serve multiple projects
expected to be commissioned over the balance of 2015.
According to Cogeneration and On-Site Power Production magazine,
the Mexican Congress passed energy reform legislation in 2008 as
part of a national commitment to reduce greenhouse gas emissions by
50% from their 2002 levels by 2050. The government is promoting
CHP, or cogeneration, as an energy efficient option to help meet
national energy goals and estimates the country's potential CHP
capacity could top 15.5GW by 2020.
The Mexican manufacturing industry, like that in the United
States, is benefiting from cheap natural gas which allows
facilities to generate their own heat and power very efficiently
and economically.
Capstone microturbines are the ideal fit for cogeneration
projects given their compact footprint, clean emissions, and quiet
operation. Additionally, Capstone microturbines utilize a patented
air bearing and do not require coolants or lubricants. This allows
for longer run time between maintenance intervals and ensures
operational costs remain low.
Deploying the microturbines in a cogeneration application where
the exhaust heat is utilized can raise the overall site efficiency
to over 80%. In a trigeneration application, where cold water is
also produced, efficiency levels can reach as high as 90%.
"Having leveraged our demonstrated success with cogeneration
projects in Europe and the U.S., we are excited to see further
growth and penetration in the expanding Mexican market," said Jim
Crouse, Executive Vice President of Sales and Marketing at Capstone
Turbine. "Utilizing reliable and efficient microturbines as an
alternative to the expensive and unpredictable local utility
provides businesses significant savings and a positive impact on
their bottom line," added 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 Turbine has
shipped approximately 8,000 Capstone Microturbine systems to
customers worldwide. These award-winning systems have logged
millions of documented runtime operating hours. Capstone
Turbine 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 9001:2008 and ISO 14001:2004 certified
company, Capstone is headquartered in the Los Angeles area
with sales and/or service centers in the New York Metro
Area, United Kingdom, Mexico City, Shanghai
and Singapore.
The Capstone Turbine Corporation logo is available
at http://www.globenewswire.com/newsroom/prs/?pkgid=6212
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 growth of the Mexican
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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