Capstone Chosen for Energy Project to Upgrade Top Pork Producer in Lithuania
April 30 2015 - 7:30AM
Capstone Turbine Corporation (www.capstoneturbine.com)
(Nasdaq:CPST), the world's leading clean technology manufacturer of
microturbine energy systems, announced today that it received an
order for a C800 microturbine to upgrade a leading pork producer in
Lithuania.
Sarlin Oy Ab, Capstone's distributor for Finland, Latvia,
Estonia and Lithuania, secured the order, which is expected to be
commissioned in October 2015.
Fueled by biogas produced on site, the C800 microturbine will be
installed in a combined heat and power (CHP) application along with
an anaerobic digester, fuel compressor and heat exchanger. With
energy efficiency levels approaching 80 percent, the innovative
"green waste" energy system will convert organic solid waste into
clean, renewable energy for the meat production facility. In
addition, the exhaust from the microturbine will be captured to
provide thermal heat at the highest efficiency possible.
Capstone microturbines were chosen for their ease of operation,
low maintenance, low emissions, reliability and modular design. The
cogeneration system will require minimal maintenance by the end
user and without the need for any oil, lubricants or coolants.
According to a 2011 report by the U.S. Department of Agriculture
Foreign Agricultural Service, Lithuania is actively developing
renewable energy sources (RES) from biomass and other sources to
gain energy independence. The amount of energy generated from
biofuels in Lithuania is the second highest in the EU per capita,
and it is estimated that by 2020 the country will lead the EU in
the quantity of biomass available for biofuel production.
"As Capstone further penetrates the global renewable energy
market, we continue to deliver reliable smart power generation
solutions and leverage leading-edge green waste conversion
technologies," said Jim Crouse, Executive Vice President of Sales
and Marketing at Capstone Turbine. "Food production facilities like
these benefit from renewable energy production by meeting their
zero-waste initiatives and achieving a boost in net efficiency,"
added Crouse.
"I'm excited to see some of our distribution partners like
Sarlin Oy have success in new geographies like Lithuania as global
diversification is key to Capstone's near-term and long-term
revenue growth," said Darren Jamison, President and Chief Executive
Officer at Capstone Turbine. "Today Capstone has 84 distribution
partners worldwide with approximately 740 employees in 152
locations dedicated to the innovative Capstone products," added
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 Turbine has shipped
approximately 8,000 Capstone Microturbine 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, United Kingdom, Mexico City, 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 growth of
the renewable energy market and success in new geographies.
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" 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
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