Leading Midstream Company Awards Capstone Third Follow-on Order for C600S Microturbine to Power Expanding Pipeline Project
January 10 2019 - 8:30AM
Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:
CPST), the world’s leading clean technology manufacturer of
microturbine energy systems, today announced it has received a
third follow-on order for an additional C600 Signature Series
microturbine that will be used to power an expanding midstream
company’s natural gas operations in the Mid-Atlantic area of the
United States.
The new order secured by E-Finity Distributed Generation,
Capstone’s exclusive distributor for the Mid-Atlantic and the
Southeast United States, is part of a growing presence of the
Capstone product line in the region. “Ideal for natural gas
producers looking for scalable solutions, the C600S will ship in a
five-bay enclosure anticipating and allowing for ease of increased
power output to 800kW or 1000kW in the future without the need for
more onsite space or lengthy construction schedules,” said Jeff
Beiter, Managing Partner at E-Finity.
“Natural gas compression stations are a critical part of the
natural gas production process and a natural fit for microturbine
technology,” said Darren Jamison, Capstone’s President and Chief
Executive Officer. “As natural gas travels down thousands of miles
of pipeline, microturbines offer the ideal solution to provide
highly reliable power onsite using the molecules already moving
through the pipelines,” added Mr. Jamison.
Producing nearly 32 million cubic feet a day of natural gas in
2018, the Appalachian Basin in Northeast is the leading
geographical area for natural gas in the United States. New
drilling techniques and improved technology have increased the
exploration in the area, adding roughly 50 rigs since 2016
according to latest drilling reports provided by the U.S. Energy
Information Administration.
“As these producers seek to improve their efficiency and
increase profitability generated from lower operating costs,
Capstone’s clean and green distributed generation systems continue
to be selected as the new technology solution of choice,” said Jim
Crouse, Executive Vice President of Sales and Marketing of Capstone
Turbine.
“Seeing ever increasing customer demand and market opportunity
for Capstone’s cutting edge product line, E-Finity continues to
expand its presence in the area by opening a new 4,500 square foot
facility and adding new highly qualified Capstone factory certified
field service technicians. The new Clarksburg facility will further
ensure support of nearby equipment in a fraction of the time,”
concluded Mr. Beiter.
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 DQS-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.
For more information about the company, please visit
www.capstoneturbine.com. Follow Capstone Turbine on Twitter,
LinkedIn and YouTube.
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,”
“believes,” “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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Integra Investor
Relations |
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Shawn M. Severson |
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415-226-7747 |
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cpst@integra-ir.com |
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