Capstone Continues Growth into Latin America with Multiple C200 Orders for Two Industrial CHP Projects in Mexico
January 22 2019 - 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
orders for four C200 systems to be installed in Mexico for two
industrial combined heat and power (CHP) applications.
Secured by DTC Soluciones Inmobiliarias SA de CV, Capstone’s
exclusive distributor in Mexico, the combined orders are for four
C200 CHP systems. Each of the systems will use clean-burning
natural gas to provide power and thermal energy for the
manufacturing process. Two of the systems will be installed at a
large pet food manufacturer where the thermal energy will be used
as a replacement for a food oven. The two additional C200s will be
installed at a latex glove manufacturer where the exhaust energy
will be used during the drying process to reduce cost, improve
efficiency and reduce on-site emissions.
“Pet food and latex glove manufacturing are excellent examples
of the extensive assortment of potential industrial customers
around the world that Capstone can assist with our clean and green
CHP energy systems. Any industrial customer using electricity, hot
water, steam, chillers, boilers or furnaces are potential
candidates for Capstone’s unique CHP solutions,” said Darren
Jamison, President and Chief Executive Officer at Capstone Turbine
Corporation. “Interestingly, the type of companies using CHP varies
widely, but the customers all share the same needs to reduce energy
cost, improve efficiency and reduce environmental impact,” added
Mr. Jamison.
Mexico’s General Climate Change law, signed in 2012, set the
goal to reduce greenhouse gas emissions on a national level by 30%
by 2020. This law also introduced the requirement that beginning in
2018, large and industrial electricity consumers must transition by
2024 to consuming 35% of their electricity from clean energy
sources.
Utilizing the heat by-product of an electricity generating
system allows operators to reduce emissions and save added cost
that would otherwise be required to produce heat or steam in a
separate unit. While traditional electricity from the grid with
coal and gas-fired plants produce power at 33% efficiency, Capstone
CHP systems can reach efficiencies of more than 80%.
“These improvements in efficiency directly translate to
significantly lower energy costs and higher profit margins for our
customers,” said Jim Crouse, Executive Vice President of Sales. “As
utility rates continue to increase around the world and emission
requirements become increasingly stringent for industrial
customers, our technology becomes more economical and beneficial to
our customers,” 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 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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