Capstone Receives Follow-On Order for C600 Microturbine at Melbourne CBD
CHATSWORTH, Calif., Sept. 17, 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 a follow-on order for a C600 microturbine to upgrade a new commercial building in Melbourne, Australia, as part of Walker Corporation's flagship Collins Square project in the city's Central Business District (CBD).
Optimal Group, Capstone's Australian distributor, secured the order, which is scheduled to be commissioned in June 2016.
The natural-gas-fueled C600 microturbine will be installed in a combined cooling, heating and power (CCHP) application to provide primary power, heating and cooling to the building. The 600kW microturbine is modular so that it can easily be expanded in the future to accommodate an increased building load. The added redundancy of the microturbine allows it to operate part of the system when powering a partial load or when being serviced, which is ideal in an area experiencing tremendous growth.
Capstone microturbines were selected for their low noise, no vibration, and their ability to meet the customer's sustainability and NOx emission targets. Preference was also given to the microturbines in order to keep the power plant and infrastructure consistent across the precinct. The new tower will be the Melbourne CBD's fourth of seven sites to utilize Capstone microturbine technology, and each tower is expected to meet or exceed the 5 star National Australian Built Environment Rating System (NABERS) efficiency rating. With a 5 star NABERS efficiency rating, the Collins Square project will serve as a model establishment and landmark for Melbourne CBD sustainability.
"Capstone's microturbines have proven to be very reliable on site and are having a big impact on the site's energy performance," said Chris White, Operations Manager at Walkers Corporation. "All of our microturbines consistently run across the precinct," added White.
"Australia has again proven itself to be a high growth market for Capstone as businesses realize the economic and environmental benefits of utilizing microturbine technology," said Jim Crouse, Executive Vice President of Sales and Marketing at Capstone Turbine. "The existing units at the Melbourne CBD have already hit a benchmark for system efficiency, and we look forward to seeing the same from the additional unit," added Crouse.
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 8,500 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, 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 and the growth of the Australian 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.
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CONTACT: Capstone Turbine Corporation Investor and investment media inquiries: 818-407-3628 email@example.com INVESTORS: Dian Griesel Int'l Cheryl Schneider/Tom Caden 212-825-3210
Released September 17, 2015