Capstone’s Russian Distributor Upgrades Industrial Paper Mill in Minsk, Belarus
July 11 2016 - 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 recently
shipped two C1000 microturbines to upgrade an industrial unitary
enterprise “paper mill” in Minsk, Belarus.
BPC Engineering, Capstone’s largest distributor in Russia,
secured the order, which shipped in late June and will be
commissioned later this year. BPC has traditionally been one of
Capstone’s largest distribution partners, with over 1,400
microturbines operating in Russia, Belarus, Kazakhstan and Ukraine.
The company is a leading supplier of energy efficient solutions and
state-of-the-art equipment for distributed power generation.
The microturbine installation will serve as part of the paper
mill’s boiler house renovation due to the expansion of production
lines and an increase in power demand. Capstone microturbines were
selected for their ability to significantly reduce the customer’s
energy costs as well as make the paper production facility
significantly more energy efficient.
The natural gas-fueled C1000 microturbines will be installed in
a combined heat and power (CHP) application to provide primary
power to the facility. Additionally, the heat from the clean
exhaust will be used to generate approximately four tons of steam
per hour for technological processes, heating and hot water
production. The two-megawatt system will operate in dual mode at
over 80 percent system efficiency and cover about 80 to 90 percent
of the facility’s electrical needs.
“I am pleased that BPC’s business continues to recover and they
are again prepaying and taking delivery of Capstone products. As
BPC product shipments play a critical role in Capstone’s cash
planning process, BPC is required to pay prior to shipment for all
future product releases from backlog, and to pay an additional 15
percent of the total value for each shipment in order to lower
their past-due accounts receivable balance,” said Darren Jamison,
Capstone's President and Chief Executive Officer.
“Onsite CHP will not only make the paper mill more efficient, it
will generate electricity at about half the price of the standard
utility rates in the region,” said Jim Crouse, Executive Vice
President of Sales and Marketing at Capstone. “BPC estimates that
the annual estimated savings will be US $500,000 through the
microturbine implementation,” 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
approximately 8,800 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
9001:2008 and ISO 14001:2004 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, China and Singapore.
This press release contains "forward-looking statements," as
that term is used in the federal securities laws, about the
advantages of our CHP applications, the recovery of the Russian
economy and the market growth in Russia. 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
INVESTORS:
Dian Griesel Int’l
Cheryl Schneider
212-825-3210
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