Capstone Secures Orders for 4.6MW From Two Leading U.S. Natural Gas Producers in the Northeast
CHATSWORTH, Calif., July 10, 2013 (GLOBE NEWSWIRE) -- Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world's leading clean technology manufacturer of microturbine energy systems, today announced orders totaling 4.6 megawatts from two leading natural gas producers in the Northeastern United States. The orders include two Capstone C1000 Power Packages, three C600s, and a C800 Power Package.
E-Finity Distributed Generation, the Capstone microturbine distributor for the Mid-Atlantic and Southeastern U.S., secured both orders.
One of the nation's top 10 natural gas producers ordered two C1000 Power Packages and two C600 Power Packages that will provide prime power at a liquid stripping facility in West Virginia's remote northern panhandle.
"Due to extremely tight space at this site, the company required a unique installation that our microturbines will accommodate," said Jeff Beiter, E-Finity Managing Partner. "The units will be stacked to fit the limited space available."
The natural-gas fueled units are scheduled to be installed this fall. "The customer needs a quick start-up and an extremely reliable power source," Beiter said. "Our Capstone microturbines continue to meet the oil and gas industry's demand for highly reliable, low-emission power solutions."
Also scheduled to be installed this fall is an order from another natural gas producer for two natural gas-fired microturbines -- a C800 and C600 Power Package -- to provide prime power to two Pennsylvania sites. "The rugged terrain isn't well suited for transporting fuels, especially in harsh winter conditions," Beiter explained. "These isolated sites don't have access to the local utility power and need reliable, onsite power generation that doesn't require a lot of maintenance. The Capstone microturbines meet all of the customer's needs."
Emissions also played a significant role in the company's decision because the sites are located near a major Pennsylvania State Game Land, home to a significant trout habitat. "The ultra-low emissions of the Capstone microturbines ensure the company meets the state's strict clean-air requirements and continues to be a strong environmental partner," Beiter added.
"These two orders alone result in the equivalent of taking over 3,200 average U.S. passenger vehicles off the road according to the Capstone sustainability calculator," said Jim Crouse, Capstone's Executive Vice President of Sales and Marketing. "These orders are two more examples of why Capstone is an industry leader in providing microturbine powered clean-and-green energy. The Capstone microturbines have the flexibility to provide reliable power in a diverse range of situations - from remote oil-and-gas sites to office buildings and, at the same time, significantly reduce the carbon emissions to help conserve the environment for future generations."
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 over 6,500 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, Mexico City, Nottingham, Shanghai and Singapore.
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This press release contains "forward-looking statements," as that term is used in the federal securities laws, about the environmental advantages and reliability of our products, the use of our products in the oil and gas market and compliance with government regulations. 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.
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Released July 10, 2013