Capstone Sees Growth Into Niche Markets With Follow-up Order for California Leading Organic Soil Cultivator of Cannabis
November 20 2018 - 8:30AM
Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:
CPST), the world’s leading clean technology manufacturer of
microturbine energy systems, announced today that Mr. Natural
Production Inc., a leading organic soil cultivator of cannabis, has
placed a follow-on order for one of their California indoor grow
operations through Cal Microturbine, Capstone’s California
distributor.
The order includes three additional 65 kilowatt (kW) units,
absorption chillers and hot water recovery systems that increase
available power to the facility by up to 180kWs net, with the
exhaust energy providing up to 60 refrigeration tons (RTs) of
cooling and 400,000
British Thermal Units per Hour (BTU/HR) of hot
water for space cooling, dehumidification and heating. These units
are in addition to Mr. Natural’s first purchase which has been
powering the facility for over 18 months.
Capstone’s clean and efficient microturbines will be coupled to
chillers and hot water heat recovery units to provide power,
cooling, and humidity control to the operation. Mr. Natural
Production uses a symbiotic, harmonic, and sustainable production
process. In addition to their organic soil process, low-energy
lighting systems and low water-waste grow practices, the Capstone
unit’s high overall efficiency further reduces the operation’s
environmental footprint while providing significant operational
savings versus purchasing power from the utility.
“Indoor grow operations are becoming an increasing market for
Capstone’s clean and green products as the microturbines low
emission profile and high total system efficiency are being well
received in the forward-thinking grow house community. In addition,
we are starting to see our systems used in a wider range of CHP and
CCHP applications each day for anything from brewery processing to
indoor growth operations, where chillers and heat recovery systems
provide extremely high levels of efficiency,” said Darren Jamison,
President and Chief Executive Officer of Capstone.
NuTech Alternative Energy, a Sacramento based power system
developer that specializes in the needs of cultivators provided
design, installation, and integration services to optimize the
system’s available output. NuTech and Mr. Natural Products plan on
further development and integration to make this site potentially
the most efficient and environmentally friendly grow house in the
state, while at the same time substantially lowering water and
power costs.
“Cal Microturbine provides customers the opportunity to purchase
more cost-effective electricity while at the same time limiting
their environmental footprint, this allows many manufacturing
operations to remain in compliance with California’s environmental
requirements while also remaining cost competitive despite
California’s high costs,” said Kenda Brown, President of Cal
Microturbine.
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: Capstone Turbine CorporationInvestor
and investment media
inquiries:818-407-3628ir@capstoneturbine.com
Integra Investor RelationsShawn M.
Severson415-226-7747cpst@integra-ir.com
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