Capstone Announces First Order for New C1000
Capstone Turbine Corporation (www.microturbine.com) (NASDAQ:CPST), the world's leading clean technology manufacturer of microturbine energy systems announced today that it has received an order from its Russian distributor Banking Production Center ("BPC") for two C1000 MicroTurbine(R) systems to be installed in a new caviar farm in Russia. The order also included one C200 system to be installed in the Ukraine, and two C65 microturbines to be installed in Belarus. The total order value exceeded $2.0 million.
"The amount of interest and the number of inquiries we have been receiving since we announced the C200 and C1000 products is most encouraging," said Jim Crouse, Capstone's Executive Vice President of Sales and Marketing. "It was not surprising that our first C1000 order should come from one of our marquee distributors," Crouse added.
"We have been delighted to be working with BPC and we are excited to be associated with such a leading company in the Russian energy sector," said Tony Hynes, Capstone's Vice President, Sales & Marketing, Europe, Middle East, Africa and India. "BPC has had great success in deploying our microturbines at businesses ranging from commercial office complexes, shopping centers, telecommunications facilities, hotels and a ski resort, among others," added Hynes.
Commenting on these new orders, Capstone President and CEO Darren Jamison said, "Obviously, I am delighted with this order for our first two C1000 systems on the eve of our participation at PowerGen Europe in Milan, Italy. At the show this week we will showcase one of our preproduction C200 units that will be delivered to a customer in Germany at the end of the show."
The C1000 platform applies the same dependable technology found in Capstone's 30 kW and 65 kW products. The new robust megawatt power system, based on Capstone's C200 microturbine product line will be configured in a single 30 foot long ISO container and will provide the same low emissions and low maintenance benefits in a compact footprint. In addition, every installed C1000 Capstone microturbine solution is equivalent to removing up to 700 average U.S. passenger vehicles from the road, based on EPA emissions and efficiency data for the average US power plant and average passenger vehicle, or the equivalent of planting 730 acres of pine and fir forest, based on CO2 reductions.
About Capstone Turbine
Capstone Turbine Corporation (www.microturbine.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 4,000 Capstone MicroTurbine(R) systems to customers worldwide. These award-winning systems have logged over 19 million 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 9001:2000 and ISO 14001:2004 certified company; Capstone Turbine is headquartered in the Los Angeles area with sales and/or service centers in New York, Mexico City, Milan, Bath, Shanghai and Tokyo.
"Capstone Turbine Corporation" and "Capstone MicroTurbine" are registered trademarks of Capstone Turbine Corporation. All other trademarks mentioned are the property of their respective owners.
This press release contains "forward-looking statements," as that term is used in the federal securities laws, about new sales opportunities for Capstone for its products including the C1000and C200 MicroTurbines(R) and the environmental and maintenance benefits of these products. 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.
Source: Capstone Turbine Corporation
Released June 2, 2008