Capstone Turbine Corporation Receives Order From Large Mexican Food Manufacturer for C800 and a 125kW GE Clean Cycle Waste Heat Recovery Generator
CHATSWORTH, Calif., Jan. 5, 2011 (GLOBE NEWSWIRE) -- Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world's leading clean technology manufacturer of microturbine energy systems, recently sold a C800 Power Package and General Electric Clean Cycle waste heat recovery generator to a large food manufacturer in Mexico.
Capstone is the exclusive Original Equipment Manufacturer ("OEM") partner with Calnetix Power Solutions, Inc. (which was acquired by GE in October) to sell the zero emission Clean Cycle waste heat recovery generator for all microturbine applications and for landfill applications below 500-kilowatts.
Capstone distributor Cogeneracion Navitas (www.leda.com.mx), headquartered in Mexico City, secured the order for the C800 and Clean Cycle package. The food manufacturer is familiar with the low emissions and high reliability of Capstone microturbines as they already have six Capstone C65 microturbines operating successfully at a different plant. Because of the microturbines' extremely low emissions and the manufacturer's aggressive emission reduction program, Cogeneracion Navitas is pursuing follow-on opportunities at as many as 18 other plants.
The C800 and Clean Cycle unit, which will be commissioned in late January, was purchased by the manufacturer to lower carbon emissions from the 50,000-square-foot food plant, which for years has relied solely on utility power. The manufacturer has an aggressive initiative to reduce its overall carbon emissions among all its plants across Mexico.
"The efficiency of the combined Capstone/GE energy system is very high, which will reduce the carbon footprint of the plant and its overall energy cost," said Jim Crouse, Capstone's Executive Vice President of Sales and Marketing.
At the plant, the C800 and Clean Cycle unit will serve as base-load power connected to the grid, with the remaining power supplied by the grid.
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 Turbine has shipped over 5,000 Capstone MicroTurbine(R) systems to customers worldwide. These award-winning systems have logged millions of documented runtime operating hours. Capstone Turbine 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 UL-Certified ISO 9001:2008 and ISO 14001:2004 certified company; Capstone is headquartered in the Los Angeles area with sales and/or service centers in the New York Metro Area, Mexico City, Nottingham, Shanghai and Singapore.
The Capstone Turbine Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6212
This press release contains "forward-looking statements," as that term is used in the federal securities laws, about the advantages of the C800 and General Electric Clean Cycle package. 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 Turbine Corporation" 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:
Source: Capstone Turbine Corporation