Capstone Receives Orders Totaling 5MW from Distributor in Mexico for Key CHP and CCHP Projects
CHATSWORTH, Calif., March 19, 2013 (GLOBE NEWSWIRE) -- Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world's leading clean-technology manufacturer of microturbine energy systems, today announced that it received orders totaling five megawatts from one of its Mexican distributors.
DTC Soluciones Inmobiliarias SA de CV received the orders from industrial customers in Mexico. Each of the systems sold will showcase the efficiency of the Capstone microturbine technology by utilizing the waste exhaust in a combined heat and power (CHP) plant.
The largest of the orders, a 2.6MW project for a combined cooling heating and power (CCHP) plant, will be installed at the manufacturing facility of a global leader in plastic and aluminum closure systems located in northern Mexico. The exhaust from the microturbines will be used to produce both hot and chilled water for the CCHP system. This multinational customer has dozens of plants worldwide that could be candidates for additional microturbine installations.
A 1MW project will be installed at a Mexican pharmaceutical manufacturer located in Guadalajara. Since the microturbine is "dual mode," it will provide the Guadalajara plant with power security even when the local power grid goes down.
An existing Capstone customer in central Mexico that specializes in manufacturing packaging material will add a 200 kW microturbine to its existing 600 kW microturbine CHP plant. The original plant was commissioned in October of 2012. The unique modular design of the Capstone C1000 Series solution makes expansion such as this very simple for the customer.
Lastly, a ceramic tile and flooring manufacturer will install three 65 kW microturbines running on propane while utilizing the exhaust directly into the facility's drying ovens.
"DTC has been a valuable partner for Capstone in Mexico," said Jim Crouse, Capstone's Executive Vice President of Sales and Marketing. "Their investments into developing their Capstone business are truly paying dividends with this recent group of high-profile orders."
"The microturbine is a great fit for what is happening in Mexico today," said Alejandro Munoz, President of DTC. "The Mexican manufacturing industry, like that in the United States, is benefiting from cheap natural gas which allows facilities to generate their own heat and power very efficiently and economically. DTC is very pleased to be expanding its partnership with Capstone at this exciting time."
DTC is expecting to commission all of these projects over the next six months, thereby adding significantly to its installed fleet of microturbines under service as well as the Mexican base overall.
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 6,500 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 additional sales to DTC and increased opportunities in Mexico. 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 March 19, 2013