Capstone Secures 1MW Order for Global Leader in Contract Manufacturing
December 19 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 secured an
order for a C1000 Signature Series microturbine that will be used
by a global leader in contract manufacturing with facilities
worldwide.
Secured by Capstone’s distributor in Mexico, DTC Ecoenergía, the
1 megawatt (MW) microturbine will be used to help reduce cost and
provide energy reliability in order to keep up with increased
demand at the end-user’s newly expanded facility outside of
Mexico’s second largest metropolitan city. The new facility will
expand on existing design, manufacturing and sourcing for numerous
Fortune 100 companies.
The low emission microturbines will operate on high-pressure
natural gas and will utilize Capstone’s seamless transfer
technology, which allows the microturbine to switch from grid
connected to stand-alone and back again with no noticeable
interruption to the customer facility. DTC will also provide an
absorption chiller to improve the overall plant efficiency.
“Power reliability, rising electrical costs, and broadening
environmental regulations are all increasing in importance for
today’s facility managers. A single disruption in a manufacturing
plant can have long-term impact when considering lost inventory,
loss of worker productivity and potential loss of customer
confidence,” said Darren Jamison, President and Chief Executive
Officer of Capstone.
Reducing energy costs while maintaining reliable power is
important to maintaining an edge in today’s competitive industrial
landscape. As highlighted in 2016 report by the U.S. Energy
Information Administration (EIA), the industrial sector worldwide
consumes 54% of the world’s total delivered energy.
“In recent months we have seen an increase in manufacturers
inquiring and harnessing the benefit of our turbine technology to
help meet the large power demands required for these facilities. At
any given moment, these facilities can be well over 500,000 sq. ft.
and have thousands of units in production which means that loss of
power could be extremely costly to a manufacturer in lost product
and lost profits,” said Jim Crouse, Executive Vice President of
Sales and Marketing of Capstone.
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,”
“believes,” “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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