Capstone Secures 2MW Order From Hungarian Distributor Regale Energy Zrt
November 10 2015 - 8:30AM
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 two C1000 microturbines to provide combined heat and
power ("CHP") in Hungary.
Regale Energy Zrt, Capstone's Hungarian distributor, secured the
order, which is expected to be commissioned in May 2016.
"Regale in Hungary is another great example of the progress we
are making with geographical and market diversification by working
closely with our newer distributors to rapidly expand their
business as quickly as possible," said Darren Jamison, President
and Chief Executive Officer of Capstone Turbine. "The CHP energy
efficiency market continues to expand globally and last quarter
comprised 68% of our sales," Mr. Jamison continued.
Both C1000 microturbines will be installed in a grid connect
configuration to provide electricity to the customer's facility.
The microturbines will be deployed in a CHP application that allows
the customer to utilize the thermal energy from the exhaust for
local processing and production purposes. Capstone microturbines
were selected for their low emissions profile and their ability to
significantly reduce the customer's operational costs.
According to the International Energy Agency (IEA), regional
cooperation is a vital element of Hungary's energy market and
energy security policy. With Hungary on track to meet its 2020
non-ETS GhG emissions, efficiency and renewable energy targets, the
country is well positioned to improve its regional energy security
by working towards the integration of regional markets for
electricity and natural gas. Additionally, the Energy Union claims
to be helping with the reduction of Hungary's dependency on a
single external supplier, both for natural gas and nuclear
fuel.
"Capstone is encouraged to see our global CHP markets continue
to grow globally, especially in countries that are seeking energy
independence," said Jim Crouse, Executive Vice President of Sales
and Marketing at Capstone Turbine. "Repeat business like this helps
to solidify Capstone microturbines as the most reliable and
efficient energy solution available," 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 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.
The Capstone Turbine Corporation logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6212
This press release contains "forward-looking statements," as
that term is used in the federal securities laws, about growth of
the CHP market and increased sales in Hungary. 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
ir@capstoneturbine.com
INVESTORS:
Dian Griesel Int'l
Cheryl Schneider/Tom Caden
212-825-3210
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