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CHATSWORTH, Calif., May 11, 2017 -- 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 C600 Signature Series microturbine to become part of an extensive upgrade for a wastewater treatment plant in upstate New York.
Capstone’s distributor, GEM Energy, secured the order, which is expected to be commissioned in the Spring of 2018. Capstone microturbines were selected for their low emissions and modular design, which is ideal for biogas applications. The customer received a New York State Energy Research & Development Authority (NYSERDA) incentive for implementing an onsite electricity solution from biogas.
The C600 Signature Series microturbine will be installed in a combined heat and power (CHP) configuration at the wastewater treatment facility and be fueled by biogas from the local municipal sewer system.
“Our recently launched Signature Series product is targeted directly at CHP, and this New York wastewater treatment plant project is significant as it furthers our strategic efforts to better diversify our market verticals, as energy efficiency is a big growth market for us both in the U.S. and globally,” said Darren Jamison, Capstone’s President and Chief Executive Officer.
The microturbine CHP plant will incorporate new digesters, advanced gas treatment and heat exchangers for heating the digesters. The site also has the potential for further expansion to larger microturbine solutions in the future.
“We are excited to see further market penetration in the renewable energy space,” said Jim Crouse, Capstone’s Executive Vice President of Sales and Marketing. “Wastewater treatment plants are realizing they can leverage the biogas they produce to reduce their operating costs and increase on-site reliability,” added Mr. 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 has shipped approximately 9,000 Capstone Microturbine systems to customers worldwide. These award-winning systems have logged millions of documented runtime operating hours. Capstone 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 9001:2015 and ISO 14001:2015 certified company, Capstone is headquartered in the Los Angeles area with sales and/or service centers in the United States, Latin America, Europe, Middle East and Asia.
This press release contains "forward-looking statements," as that term is used in the federal securities laws, about the advantages of our Signature Series product offerings, diversification of market verticals, and further growth into the energy efficiency and renewable markets. 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.
"Capstone" and "Capstone Microturbine" are registered trademarks of Capstone Turbine Corporation. All other trademarks mentioned are the property of their respective owners.
CONTACT: Capstone Turbine Corporation Investor and investment media inquiries: 818-407-3628 [email protected]
