Capstone Turbine Selects FireChill as OEM for Small Scale Absorption Chilling Packages
CHATSWORTH, Calif., Dec. 14, 2010 (GLOBE NEWSWIRE) -- Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world's leading clean technology manufacturer of microturbine energy systems, has entered into an original equipment manufacturer (OEM) agreement with FireChill to produce ammonia absorption chilling packages powered by microturbines for combined cooling, heating, and power applications (CCHP).
FireChill, based in the United Kingdom, has developed the PowerChill 65 (www.firechill.com/wp-content/files/PowerChill_65.pdf) modular system, a pre-engineered, factory assembled and tested product that integrates Capstone C65 microturbines and FireChill's ALT500 chillers into a system that can quickly and easily be installed onsite.
"The PowerChill 65 will fill a void in the market that is not being met by other products. It is well below the size range of the UTC/Carrier PureComfort product. It is also a much different technology as it uses ammonia and not Lithium Bromide as the working fluid. FireChill plans to leverage the Capstone global distributor network for systems sales and after sales support," said Jim Crouse, Capstone's Executive Vice President of Sales and Marketing. "Because of the increased efficiency, emission reduction, carbon reduction and cost savings, there is demand for Capstone microturbine based chilling packages. Our relationship with FireChill has the potential to open markets worldwide for us, including temporary and portable applications."
"Capstone is a company with a great set of products for us," said Simon Clothier, FireChill CEO. "They have a super-efficient microturbine and we have a way of turning their waste heat into cooling without further energy input at low cost. We can do this in a variety of ways and in a range of environments. A technology agreement with Capstone will allow us to explore what is really possible. Through our partnership we can now work smarter and faster, to bring a more diverse set of usable, green applications to market."
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 5,000 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 fuel efficiency, reliability and environmental advantages of our products and the future success of our relationship with FireChill. 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 December 14, 2010