Capstone Receives First Order in Slovenia for Two C200s From Regional Hospital
CHATSWORTH, Calif., June 20, 2013 (GLOBE NEWSWIRE) -- Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world's leading clean technology manufacturer of microturbine energy systems, today announced the first order for Capstone MicroTurbines® in Slovenia for two C200s to be installed at Splošna bolnišnica Novo Mesto, the general hospital in Novo Mesto, Slovenia.
Capstone's distributor for Croatia and Slovenia -- Liabach -- secured the order and will commission the units this fall.
The C200s, which will be installed on the hospital's rooftop, will operate in a combined cooling, heating, and power (CCHP) application to lower emissions, increase energy efficiency, and ensure reliable power generation for the 377-bed regional hospital. The natural gas-fueled microturbines will be grid-connected and provide electricity, heating, and hot domestic water for the facility.
The project was funded in part by the Council of the European Union to help the hospital meet international efficiency standards. The EU is aiming for a 20 percent cut in Europe's annual primary energy consumption by 2020. Following installation of the C200s, hospital officials anticipate natural gas efficiencies to increase from 34 percent to 73 percent.
"The microturbines' ultra-low greenhouse gas and noise emissions, low vibration, and low maintenance costs, paired with their ability to withstand Slovenia's harsh climate, make them the best technology for the hospital," said Jim Crouse, Capstone's Executive Vice President of Sales and Marketing." The C200 features Capstone's patented oil free air bearing technology, remote monitoring and diagnostic capabilities, and integrated utility synchronization and protection. The small, modular systems allow for easy and low-cost installation.
"Worldwide interest in Capstone's C200 product continues to grow," said Darren Jamison, Capstone's President and Chief Executive Officer. "This order not only introduces Capstone into yet another new marketplace, but also exemplifies Capstone's global appeal and diversity. Our value proposition of high reliability, long maintenance intervals, and low total cost of ownership provides an unrivaled product that makes sound business sense for countless applications."
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 advantages of our products, their use in harsh climates and expanded market opportunities. 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 June 20, 2013