Capstone Receives C1000 Order for Business Center in Medellin, Colombia
CHATSWORTH, Calif., April 20, 2015 (GLOBE NEWSWIRE) -- Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world's leading clean technology manufacturer of microturbine energy systems, announced today that it received an order for a C1000 microturbine to upgrade five commercial buildings at "Centro Administrativo La Alpujarra" in Medellín, Colombia.
Supernova Energy Services S.A.S., Capstone's Colombian distributor, secured the order, which is expected to be commissioned in October 2015.
Officially known as the José María Córdova Administrative Center, Centro Administrativo La Alpujarra is one of the most historic business centers in Medellín. The large urban complex of government buildings was originally built for the administration of the Antioquia department and Medellín municipality. Today the business center is also home to businesses including the National Tax Administration, the National Palace, and Teleantioquia, a regional television channel.
The natural-gas-fueled C1000 microturbine will be installed in a combined cooling heat and power (CCHP) application in order to supply primary power to five commercial buildings within the business center with electricity, hot water and chilled water. The microturbine will work in parallel with the local grid to produce 500 RT (refrigeration tons) using an absorption chiller and provide improved energy management and reliability to each connected building.
Capstone microturbines were chosen for their low emission profile and for holding the highest net efficiency rate at nearly 80 percent. Capstone is at the forefront of green building technology, ensuring that Centro Administrativo La Alpujarra will remain compliant with future emissions laws and green building best practices.
"Businesses are continuously looking for ways to improve their property value, reduce costs and become more energy efficient," said Jim Crouse, Executive Vice President of Sales and Marketing at Capstone Turbine. "Capstone and Supernova are able to provide the ideal solution, to help customers in Columbia achieve economic and sustainability with a leading-edge technology," added Crouse.
"Growth in markets like Central and South America is critical to Capstone's future revenue growth and further diversifies and strengthens our global distribution channel," said Darren Jamison, President and Chief Executive Officer at Capstone Turbine. "The underlying strength of our business continues to improve despite macroeconomic headwinds with the continuing maturation and diversification of our distribution channel, improving product reliability, new product features and growing worldwide turbine population driving a robust parts and service business," added Jamison.
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 approximately 8,000 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, United Kingdom, Mexico City, 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, the growth of our business and strength of our distribution channel. 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 April 20, 2015