Capstone Turbine Secures C1000 Order to Upgrade Italian Pasta Factory in Sicily
CHATSWORTH, Calif., Nov. 10, 2014 (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 a food manufacturing facility for Sicilian pasta maker Tomasello.
IBT Group, Capstone's Italian distributor, secured the order through Onda Energia, the local multi-utility energy service company (ESCO) in Sicily. Tomasello's microturbine installation will work in parallel with the region's utility grid, providing improved energy management and reliability to the food manufacturer. The project is expected to be commissioned in early 2015.
The Tomasello pasta factory, which produces up to 5,000 tons of pasta and exports over 60 percent of their products, sought to reduce production-related costs and become more energy efficient. Working directly with Onda Energia, Tomasello turned to IBT Group and Capstone to provide a customized solution for their power generation needs: a one megawatt natural-gas-powered C1000 microturbine for a combined heat and power (CHP) application.
The microturbine installation is expected to achieve a primary energy savings of 30 percent, providing Tomasello a significant economic advantage. The C1000 will be used to power and heat the facility as well as produce hot water for pasta production. In addition, the system will require minimal maintenance by the end user. The emissions reduction from the C1000 is equivalent to removing 700 cars from the road.
According to Ilario Vigani, President of IBT Group, "This is the second Capstone C1000 application specifically developed for the food industry ordered within a very short period of time in Sicily, which provides meaningful evidence that Capstone technology is acknowledged as the leading, reliable & clean technology for the food industry throughout Italy."
Luigi Martines, Onda Energia CEO, said, "We decided to use Capstone technology instead of a traditional engine because with this technology it is possible to maximize the production of super-heated water that is required for this application."
"Italy represents an excellent growth opportunity for Capstone," said Jim Crouse, Executive Vice President of Sales and Marketing at Capstone Turbine. "We are pleased by the ongoing maturation of our distribution network globally."
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 increased sales in Italy and use of our products in the food industry. 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 November 10, 2014