Capstone Receives Order for C1000 Power Package From Leading Italian Meat Producer
CHATSWORTH, Calif., May 3, 2010 (GLOBE NEWSWIRE) -- Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world's leading clean-technology manufacturer of microturbine energy systems, today announced it received an order for a C1000 power package from a large producer of specialty meat products in Italy.
This is the first sale of a Capstone C1000 power package in Italy.
Longtime Capstone distributor IBT Group, headquartered in Treviso, sold the C1000 to Recla http://www.recla.it, a well-regarded Alto Adige Region company in the Italian Alps that produces ham, sausages, bacon, salami, prosciutto and other high-end meat products that are exported to the United States and around the world.
The natural gas C1000 will be installed in Recla's production facility in a combined heat and power (CHP) application. The C1000 will provide one megawatt of electricity to supplement power from the local utility. In addition, waste heat from the turbine will be captured to preheat water for steam used in the manufacturing process and to produce additional hot water for the facility.
Energy savings at the manufacturing facility are expected to be equivalent to removing 700 cars from the road or planting 730 acres of forest.
"Recla is a much respected and environmentally focused company that also wanted to reduce energy costs," said Jim Crouse, Capstone's Executive Vice President of Sales and Marketing. "They will achieve both goals with the Capstone C1000. It's ideal for manufacturers because it produces additional electricity onsite and at the same time significantly increases energy efficiency, which means lower energy bills."
"We are proud to have found in Capstone products the same values that both Recla and the Alto Adige Region have always believed in: high quality, environmental respect, complete reliability and commitment to customers," said Franz Recla, who owns the company with his brother, Gino.
"We continue to see strong demand across most of Europe for our C1000 Series systems with this most recent order from Italy, and other recent orders from Germany, Poland, Spain, Russia and France," stated Darren Jamison, Capstone's President and Chief Executive Officer. "We should have approximately 20MW of C1000 Series systems operational in Europe by this summer providing customers the benefit of ultra low emissions, high reliability and low operating expenses," added Jamison.
The C1000 is a robust one megawatt power system configured in a single compact ISO size container that provides the same low emissions, low noise, high efficiency and extended maintenance benefits of Capstone's C30, C65 and C200 offerings. It features Capstone's patented air bearing, remote monitoring and diagnostic capabilities, and integrated utility synchronization and protection. The small, modular C1000 systems allow for easy and low-cost installation. Five- and nine-year Factory Protection Plans ("FPP") also are available, providing customers with fixed maintenance costs over the term of the FPP.
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 increased sales of our C1000 product, reduced costs and the environmental advantages of our 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 May 3, 2010