Capstones Success Continues in Brazil with Renewable Biogas Order for Large Brewing Company in Southern Brazil
August 14 2018 - 8:30AM
Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:
CPST), the world's leading clean technology manufacturer of
microturbine energy systems, announced today it secured an order
for one C65 and one C200R microturbine for an international
brewing company located in South Brazil. Luming Inteligência
Energética, Capstone’s National Account partner in Brazil, secured
the order, which is expected to be commissioned by the end of the
calendar year.
Luming secured a long-term energy agreement for the brewing
project with additional projects expected in the near future. The
order is the first industrial deployment for Luming in Brazil and
expands beyond their traditional commercial applications leading to
future development in the growing industrial sector.
“The order is significant as it continues to demonstrate our
continued penetration in yet another strategic geography,” said
Darren Jamison, President and Chief Executive Officer of Capstone.
“We continue to see a growing demand for our products in South
America where microturbines can offer significant cost savings for
commercial and industrial customers,” added Mr. Jamison.
The project will utilize biogas from the production of beer to
fuel the microturbines at two separate facilities. The
configuration will integrate seamlessly with the facility to
utilize 100% of the biogas produced and supply electricity to the
facility under a long-term agreement with Luming.
“Capstone is pleased to see Luming’s expansion into the
industrial space,” said Jim Crouse, Executive Vice President of
Sales and Marketing at Capstone. “Brazil holds great potential and
Luming has found a solution to allow customers to reduce their
energy cost, while improving their environmental footprint using
Luming’s capital,” concluded Mr. Crouse.
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 has shipped over 9,000
Capstone Microturbine systems to customers worldwide. These
award-winning systems have logged millions of documented runtime
operating hours. Capstone 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 DQS-Certified ISO 9001:2015 and ISO
14001:2015 certified company, Capstone is headquartered in
the Los Angeles area with sales and/or service centers in
the United States, Latin America, Europe, Middle East and
Asia.
For more information about the company, please visit
www.capstoneturbine.com. Follow Capstone Turbine on Twitter,
LinkedIn and YouTube.
Forward-Looking StatementsThis press release
contains “forward-looking statements,” as that term is used in the
federal securities laws. 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.
CONTACT:Capstone Turbine CorporationInvestor and investment
media inquiries:818-407-3628ir@capstoneturbine.com
Integra Investor RelationsShawn M.
Severson415-226-7747cpst@integra-ir.com
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