Capstone Secures Order for Multiple C65 Microturbines to be Installed at Four Locations in Germany
August 20 2018 - 7:30AM
Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:
CPST), the world’s leading clean technology manufacturer of
microturbine energy systems, announced today it secured an order
for six C65 microturbines for four different facilities throughout
Germany. E-Quad Power Systems GmbH, Capstone’s distributor in
Germany, secured the order and the microturbines are expected to be
commissioned over the next several months.
The natural gas-fueled microturbines will be installed in an
industrial combined heat and power (CHP) application, at each of
the four facilities. One facility will receive three C65s while the
remaining three facilities will each receive one unit. The clean
and green microturbines will provide on-site CHP that is far more
efficient and environmentally beneficial than utility power. Along
with low-emissions, the C65 features low noise levels, low
maintenance costs, a low carbon footprint and industry-leading
reliability.
“Capstone is focused on growing our business in Europe as part
of our overall strategy of geographic diversification. Germany
continues to be a key market and will provide continued growth in
our CHP business,” said Darren Jamison, President and Chief
Executive Officer of Capstone. “We had year-over-year revenue
growth of 88% in the first quarter of fiscal 2019 for Europe. This
was a significant increase and we expect that trend to continue
into the second quarter and the remainder of the fiscal year,”
added Mr. Jamison.
Two of the six microturbines will support the growing needs of
an existing customer with past project success. The repeat customer
selected Capstone microturbines for its proven ability to provide
clean, flexible and reliable performance. They also selected
Capstone because of the high levels of customer support from
E-Quad, the local Capstone distributor.
“The German market has been challenging while the renewable
energy and CHP regulations have been in flux,” said Jim Crouse,
Capstone’s Executive Vice President of Sales and Marketing. “E-Quad
has been able to secure new business in spite of the regulatory
hurdles and has developed a significant pipeline of business that
will be secured once the regulations have been finalized,” added
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 StatementsThis 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,” “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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