Capstone Turbine Receives Follow-on $2.6 Million C200 Order from Verdesis Suisse SA
Capstone Turbine Corporation (www.microturbine.com) (NASDAQ: CPST), the world's leading clean technology manufacturer of microturbine energy systems, today announced that it received a $2.6 million follow-on order from its Switzerland-based distributor for its C200 MicroTurbine(R) systems.
Capstone's distributor, Verdesis Suisse SA, ordered the systems which will be deployed at multiple biogas sites throughout Austria, Germany and Spain. Previous microturbines ordered from Verdesis have been deployed in a variety of applications, including biogas, at sites throughout Belgium, France, Switzerland and Germany.
"Europe continues to be a strong market for Capstone, and we continue to receive repeat business for our products from our distributors in Europe," said Jim Crouse, Capstone's Executive Vice President, Sales and Marketing. "Verdesis, in conjunction with its Micropower partners, Wels Strom, VTA Technologie GmbH and AESA SpA, provide expertise in deploying a number of multiple unit biogas applications as well as others that offer customers effective and reliable solutions," Crouse added.
"I continue to be pleased with the preproduction orders that we have received for our C200 product," said Darren Jamison, President and Chief Executive Officer of Capstone Turbine Corporation.
"Headquartered in Switzerland, Verdesis and its Micropower partners have developed marketing, application, sales and servicing expertise in the power generation industry and in the supply and service of energy for a variety of customers," said Tony Hynes, Vice President Sales, Europe, the Middle East and Africa. "We are very pleased to be working with the Verdesis team and are looking forward to continued business opportunities in the future," added Hynes.
Commenting on this new order, Verdesis Suisse SA's President and Chief Executive Officer, Beat Naef, said, "We have installed Capstone microturbines previously with positive results. We are looking forward to deploying the new C200 microturbines that have the same technology advantages. We have been impressed with Capstone Turbine's leadership in clean and green microturbine solutions and we look forward to working together in the future."
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 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 9001:2000 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, in particular with the sale of the C200 microturbine system for applications in Europe and the technological advantages of our C200 product. 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 April 3, 2008