Capstone Turbine Expands Presence in South America -- Names Supernova Energy Services Its Distributor in Colombia
CHATSWORTH, Calif., July 9, 2009 (GLOBE NEWSWIRE) -- Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world's leading clean technology manufacturer of microturbine energy systems, today announced it named Supernova Energy Services as its distributor in Colombia.
Supernova Energy Services (http://supernova-es.com/) designs and installs a variety of energy-related products and services that improve efficiency and optimize energy use for companies of all sizes. Supernova will offer Capstone microturbines for use in landfills, wastewater treatment plants, agricultural operations, biogas and combined heat and power applications.
In 2005, the World Bank reported that interruptions in electrical service in Colombia were highest among all Latin American countries. The average number of interruptions per subscriber was 185.7, far above the regional average of 13 interruptions. The duration of interruptions per subscriber was 66 hours which was nearly five times longer than other Latin American countries.
"Supernova Energy Services has a broad level of experience and strong network in Colombia," said Jim Crouse, Capstone's Executive Vice President, Sales and Marketing. "They are considered one of the top energy services companies in the area. With the addition of Supernova, Capstone's network in Central and South America has a strong base, making our products and services readily accessible to customers."
"Businesses in Colombia want highly reliable energy technologies that are cost effective," said Nestor Moseres Dieppa, Supernova Energy Services President. "Because of this, combined heat and power applications are becoming more popular. Capstone turbines are an ideal solution because they can run on a variety of fuels, are cost effective, integrate well with other energy products, provide reliable power in remote or populous areas and emit low emissions. Our expertise in air conditioning, combined with Capstone's technology, permits us to significantly reduce our clients' energy bills, since HVAC typically is the highest portion of their energy costs."
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 4,000 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 9001:2000 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, Singapore and Tokyo.
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This press release contains "forward-looking statements," as that term is used in the federal securities laws, about the advantages of Capstone Turbine's products. 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 July 9, 2009