Capstone Receives Orders for Two C600s From Italian Distributor for Food Manufacturing Plants
CHATSWORTH, Calif., Jan. 13, 2014 (GLOBE NEWSWIRE) -- Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world's leading clean technology manufacturer of microturbine energy systems, announced today it recently received orders for two C600 microturbines for use in two Italian food manufacturing plants.
IBT Group, Capstone's Italian distributor, secured both C600 orders, which are expected to be commissioned in June 2014. The two food manufacturers sought to upgrade the power generation at their respective manufacturing facilities, requiring not only clean and reliable electricity, but also steam at 8-bar for their manufacturing processes. Capstone microturbines were able to satisfy the electrical and thermal demands of both sites.
Capstone microturbines produce a large volume of clean and oxygen-rich exhaust which can be used as the primary combustion air in a steam generation system. The microturbines, coupled with a post-combustor burner and steam boiler, allow both manufacturing sites to significantly improve their overall energy efficiency. The exhaust from the steam generator can then be captured to make hot water for the building via a heat exchanger, further boosting the overall system efficiency to greater than 90%.
According to Ilario Vigani, President of IBT, "Traditional reciprocating engines struggle in this type of combined heat and power application. This new application of post-combustion steam production enforces our market presence in the food industry and helps create an important reference for other industrial sectors which primarily need steam for their production process."
In addition to their clean exhaust, Capstone microturbines require very low maintenance. Capstone microturbines operate on a patented air bearing and do not require coolants or lubricants. This saves both time and money by minimizing downtime to their manufacturing processes while also reducing operating costs.
"This new steam generation application provides great overall system efficiency and is an excellent application of our Capstone turbine technology," said Jim Crouse, Capstone's Executive Vice President of Sales and Marketing. "In addition, it's great to see another positive sign of increased order flow from Italy as the overall European market continues to slowly strengthen."
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 7,000 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, Mexico City, Nottingham, Shanghai and Singapore.
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This press release contains "forward-looking statements," as that term is used in the federal securities laws, about the use of our products in steam generation and increased orders from the European market. 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.
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Released January 13, 2014