Capstone Expands Presence in Asian-Pacific Market With First Microturbine Sale in the Philippines
CHATSWORTH, Calif., Feb. 14, 2012 (GLOBE NEWSWIRE) -- Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world's leading clean technology manufacturer of microturbine energy systems, expanded its reach into the Asian-Pacific market with the sale of its first microturbine in the Philippines. The C800 will operate on biogas at a large farm in Banga, South Cotabato, Philippines, to generate low-emission onsite energy.
Biotech Farms Inc., one of the Philippines' largest and most progressive integrated hog and poultry layer farms, selected the Capstone C800, which will be fueled by biogas processed from animal waste in an onsite anaerobic digester. The C800 will produce clean-and-green onsite energy for the farm's feeding equipment, ventilation fans, water pumps, and lighting, allowing Biotech Farms to be self-sufficient with its power requirements.
Capstone's Asian-Pacific distributor, Sobono Energy, secured the order and will supply and commission the C800 Power Package this spring.
"Biotech Farms is looking for ways to improve local air and water quality," said Faustino Cordura, Biotech Farms Inc. Chief Operating Officer. "We selected the Capstone microturbine to drive our commitment to energize our farm with 99 percent renewable energy and manage our greenhouse nitrous oxide and methane gas emissions. This ultimately reduces the total carbon footprint of our farm and the amount of energy used to produce our farm products. We have plans to significantly grow our operations, and the C800 will allow us to smartly use the animal waste to our advantage."
"Biotech Farms is a world class, innovative farm in the global agricultural community," said Wee Khoon Oh, Sobono Energy's Founder and Managing Director. "They intensely evaluated different options to use their biogas to generate power and selected a Capstone microturbine because of its ease of maintenance and high reliability. Capstone has a worldwide reputation for environmentally friendly biogas applications."
"Capstone microturbines cleanly burn biogas from the treatment of waste at agriculture, landfill, and wastewater sites worldwide to produce power that can be stand-alone or supplement utility electricity," said Jim Crouse, Capstone's Executive Vice President of Sales and Marketing. "With Sobono Energy's strong presence in the Philippine market, we look forward to future growth of our technology in this region."
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 6,000 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 9001:2008 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 advantages of our products, use of our products in biogas applications and growth in the Philippine 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.
"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 Corporation Investor and investment media inquiries: 818-407-3628 email@example.com
Released February 14, 2012