Capstone Expands Footprint in Indonesia With Sale of a C800 at a Cement Factory
CHATSWORTH, Calif., July 17, 2014 (GLOBE NEWSWIRE) -- 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 from Indonesia for a Capstone C800 system to power a cement factory in Balikpapan.
The order was secured by Serba Dinamik, Capstone's exclusive distributor for Indonesia, Malaysia, and Brunei and is expected to be commissioned in September 2014.
Indonesia is an archipelago comprising 13,466 islands. It encompasses 33 provinces with over 238 million people, making it the world's fourth most populous country. The nation's capital city is Jakarta and the country shares land borders with Papua New Guinea, East Timor, and Malaysia. Indonesia is a founding member of ASEAN and a member of the G-20 major economies. The Indonesian economy is the world's 16th largest by nominal GDP.
The cement factory, located in Balikpapan, Indonesia, will be powered exclusively by the Capstone C800 microturbine. Initially powered by diesel reciprocating engines, the factory sought an alternative option that was more cost effective and efficient. After securing a steady supply of liquefied natural gas (LNG) to replace the high cost diesel fuel, the factory turned their attention to a more reliable, efficient, cost effective and cleaner power generation option to replace their existing diesel reciprocating generation equipment.
The Capstone C800 microturbine is a modular generation system that provides the high availability, high reliability, and low operating cost that the factory needed. The Capstone microturbine has a higher maintenance interval than its competitors due to its patented air bearing technology and rugged design. The C800 is a standalone unit, meaning the cement plant operates independent of the electric utility and relies solely on the microturbine for its entire electrical load.
"Businesses are constantly seeking to achieve energy independence from utilities while simultaneously reducing their operating costs," stated Jim Crouse, Executive Vice President of Sales and Marketing at Capstone Turbine. "Many of them are turning to clean and green Capstone microturbines as their preferred power generation option because of their reliability, high availability, and low operating cost."
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, United Kingdom, Mexico City, Shanghai and Singapore.
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Released July 17, 2014