Capstone Unveils a New Product and Technology Development Roadmap - Including a C65 Signature Series Product, New Microgrid P...
October 04 2018 - 8:30AM
Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:
CPST), the world’s leading clean technology manufacturer of
microturbine energy systems, unveiled an updated product
development roadmap including a new C65 Signature Series similar to
the successful C200 and C1000 family Signature Series product line
and new products to better serve the growing microgrid market.
Additionally, the company outlined a number of new technology
development efforts including projects for expanded fuel
flexibility, and continuing technology integration partnerships
with national laboratories and universities.
Leveraging off the success of the C200S/C600S/C800S/C1000S
Signature Series launch and subsequent retrofit of improvements to
the fleet, Capstone will now focus attention to integrating similar
improvements, features and benefits into the workhorse C65 product
line. Historically, Capstone has shipped over 4,500 of the C60/C65
product with the majority still in operation today. In fact, one
award-winning installation at Masonic Village in Elizabethtown,
Pennsylvania recently exceeded 700,000 total operating hours,
with one of the C65 microturbines surpassing over 135,000 hours
alone.
The Signature Series improvements include improved filtration,
better accessibility for maintenance, enclosure sealing, engine
upgrades, and the PowerSync Controller family. These proven
upgrades will fold neatly around the ongoing electronics
modernization effort, started in 2017, which will be ready for the
C1000S series systems during the same timeframe.
Darren Jamison, President and Chief Executive Officer of
Capstone Turbine, said, “Over the last three years, we have placed
significant resources on the flagship C1000 Signature Series
product line roll out. Our customers and distributors have
reacted very positively to these improvements including improved
performance, reliability, maintainability and quality. Now the time
has come for the C65 product line to benefit from these proven
Signature Series upgrades.”
The combined heat and power (CHP) customer-centric focus of the
Signature Series, with the inclusion of the electronics
modernization, will underscore Capstone’s capabilities in the
emerging microgrid market. Within a fragmented microgrid
market, Capstone’s proprietary inverter-based technology, combined
with onboard or external battery storage capabilities, uniquely
positions Capstone to make microgrid installations simple and more
straightforward.
“We have already demonstrated our microgrid capability as
evidenced by our installations at Sierra Nevada Brewery, Open
Access Technology International, Stone Edge Farms, Gordon Bubolz
Nature Preserve, Goldwind in China and several other CHP
applications throughout the U.S. and the Caribbean. These first
applications are early adopters of the microturbine-based microgrid
concept. These experiences, as well as the feedback of our
customers, will become the foundation for our future product
development efforts, ensuring that our systems are even more
plug-and-play and easy to install with other complementary
technologies,” added Mr. Jamison.
New technology developments include further integration of
technological advances from the successful C250/C370 Department of
Energy (DOE) programs, continuing characterization and integration
on next-generation fuels, such as hydrogen, adaptation of alternate
technologies for improved performance, and investigation of a wide
range of materials for cost reduction, adding performance margin,
and manufacturability.
“We continue to pursue opportunities with outside agencies and
universities for expansion of our technological envelope,” said Don
Ayers, Product Engineering Director at Capstone. “We have
some new and exciting projects with thermal energy storage system
integration, microturbine hybridization and, of course, our
continued partnerships with Argonne and Oak Ridge National
Laboratories on advanced fuels, materials and additive
manufacturing,” concluded Mr. Ayers.
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 “believes,”
“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.comIntegra Investor
RelationsShawn M. Severson415-226-7747cpst@integra-ir.com |
|
|
|
Capstone Turbine (NASDAQ:CPST)
Historical Stock Chart
From Jun 2024 to Jul 2024
Capstone Turbine (NASDAQ:CPST)
Historical Stock Chart
From Jul 2023 to Jul 2024