Capstone Secures Order for Two New C200 Signature Series Units with Integrated Capstone Heat Recovery Modules
August 28 2018 - 8:30AM
Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:
CPST), the world’s leading clean technology manufacturer of
microturbine energy systems, announced today that it has secured an
order for two of its new C200 Signature Series units with Capstone
integrated roof mounted heat recovery modules (HRM), that will
allow for generating up to 300kW of hot water heat recovery (1.0
MMBtu/hr) in addition to the 200kW of electrical output. Horizon
Power, one of Capstone’s longtime distribution partners in the
U.S., secured the order.
The innovative combined heat and power (CHP) or cogeneration
solution leverages Capstone’s pre-packaged roof mounted heat
recovery modules. This allows the customer to capture the thermal
energy from the exhaust to provide hot water for domestic uses or
as thermal energy to drive an absorption chiller, boosting the
overall system efficiency of the CHP installation to more than
80%.
“Our Signature Series product with its fully integrated heat
recovery solution is targeted directly at customers like hotels,
office buildings, retail, industrial applications and universities.
Microturbines are well suited for CHP and CCHP applications because
they benefit from round-the-clock operations while enabling them to
lower their operational costs and simultaneously comply with the
world’s most stringent emissions standards,” said Darren Jamison,
Capstone’s President and Chief Executive Officer.
In fiscal 2018, the energy efficiency market vertical for
Capstone accounted for 47% of product revenues, followed by the
natural resource at 38% and renewable energy at 9%. The critical
power and microgrid market verticals combined for 6% of annual
product sales.
“We continue to successfully diversify our market verticals by
concentrating on CHP and CCHP as energy efficiency is a growth
market for us globally,” concluded Mr. Jamison.
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 Statements
This 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,” “believe”,
“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
Corporation |
|
Investor and investment
media inquiries: |
|
818-407-3628 |
|
ir@capstoneturbine.com |
|
|
|
Integra Investor
Relations |
|
Shawn M. Severson |
|
415-226-7747 |
|
cpst@integra-ir.com |
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/0be8c08a-0a20-4b51-8131-fea1fd9d9c7f
The photo is also available at Newscom, www.newscom.com, and via
AP PhotoExpress.
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