Capstone Success Continues in Industrial CHP and CCHP Market in Mexico
CHATSWORTH, Calif., Sept. 11, 2013 (GLOBE NEWSWIRE) -- Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world's leading clean technology manufacturer of microturbine energy systems, today announced that it received an order for one C800 and one C600 from one of its key distributors in Mexico.
Capstone distributor DTC Soluciones Inmobiliarias SA de CV secured the orders for two large industrial customers in Mexico. The C800 combined heat and power (CHP) system will be installed at a large food and beverage packaging factory in San Luis Potosi. In addition to supplying power for the facility using natural gas, the exhaust from the microturbine will provide hot water for the manufacturing process.
The C600 will be installed at a plastics injection molding company in Guadalajara. The microturbine will drive a combined cooling heating and power (CCHP) system, using chilled water in the injection molding process. The facility is expected to save 45% on its energy costs after installing the microturbine CCHP system.
Based in Guadalajara, DTC has been a Capstone distributor for three years and is one of the company's top distributors in Mexico. DTC has over thirty projects in the pre-order design process currently and more than sixty more opportunities targeted for next year.
"Capstone is very pleased with the continued order flow from DTC on the heels of the 5MW they sold back in March," said Jim Crouse, Executive Vice President of Sales. "We continue to see a growing demand for our products in Mexico where microturbines can offer significant cost savings for commercial and industrial customers."
"We have focused on the industrial CHP and CCHP market in Mexico which is booming right now," said Alejandro Munoz, DTC President. "Using efficient and reliable microturbines in place of less efficient onsite equipment and reliance on the electrical grid can provide a very attractive payback in Mexico."
"DTC has reinvested in its business year over year and is developing into a model distributor for Capstone," said Justin Rathke, Vice President of Sales for the Americas, Africa and the Middle East. "After each successful project they have hired more technical and commercial personnel, done more training, and opened new offices throughout Mexico to represent Capstone and the results are showing as they are now one of our top 10 distributors over the last twelve months."
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 approximately 7,000 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, increased sales in Mexico and the success of DTC as our distributor. 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.
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Released September 11, 2013