Capstone to Upgrade European Distribution Center for Major Italian Food Retailer
CHATSWORTH, Calif., March 30, 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 C800 microturbine to upgrade a major European distribution center for Italian food retailer, Conad, in Fiano Romano, Italy.
IBT Group, Capstone's Italian distributor, secured the order, which is expected to be commissioned later this year.
The methane-fueled C800 microturbine will be installed in a combined cooling, heat and power (CCHP) application to provide electricity to the facility as well as chilled water to refrigerate the warehouse using an ammonia absorption chiller. The trigeneration system will include a heat recovery module to produce hot water for washing and space heating for offices. Any excess electricity produced by the microturbine will be sold back to the utility, thus providing a further reduction in operational expenditures.
Headquartered in Bologna, Conad is an Italian food retail store brand that operates one of the largest supermarket chains in Italy. Conad will be one of the first Italian retailers to implement clean-and-green microturbine technology to effectively maintain a temperature-controlled facility, and at a fraction of the cost. With energy efficiency levels approaching 90 percent, the environment-friendly system will also ensure minimal system maintenance and a reduced payback period.
"We decided to invest in the cold chain not only because we want to reduce CO2 and other greenhouse emissions, but especially to significantly reduce the energy consumption to allow us to offer concrete support to our members in order to translate it into real savings for our customers," said Danilo Toppetti, General Manager of PAC 2000A-Conad, the largest cooperative within the Conad consortium. "We hope that Conad, nationally, may decide to apply this technology to other distribution centers soon," added Toppetti.
"Capstone sees an excellent growth opportunity in Italy," said Jim Crouse, Executive Vice President of Sales and Marketing at Capstone Turbine. "Forward-looking companies like Conad will set new standards of energy excellence across the country," 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 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.
The Capstone Turbine Corporation logo is available at https://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 the advantages of our products. 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.comSource: Capstone Turbine Corporation
Released March 30, 2015