Capstone Secures Follow-Up Order From Leading Global Pharmaceutical Company to Provide 1.4 MW of Clean Energy for Sensitive Manufacturing Process
VAN NUYS, Calif., Jan. 16, 2019 (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 has secured an additional order from a leading global pharmaceutical manufacturer for an additional C600 Signature Series microturbine with integrated heat recovery.
Cal Microturbine, Capstone’s exclusive California distributor, secured the C600S order to add to its existing C800 system to provide a total of 1.4 MW of on-site clean and green energy for the highly sensitive manufacturing process. The order for the C600S also includes heat recovery which will not only provide an additional 600 kW of highly redundant critical power but also provide operational savings as the customer will use exhaust for heating during the manufacturing process.
“This is an expansion of a previous power-only 800 kW order for the same facility in Northern California,” stated Darren Jamison, Capstone’s President and Chief Executive Officer. “Capstone’s power electronics and redundant modular architecture allow customers to increase on-site capacity in low-cost 200 kW increments to meet very specific critical power and efficiency needs. This system expansion includes a pre-engineered energy storage solution that provides uninterrupted power output when the electric utility source becomes unavailable,” added Jamison.
Whether manufacturing life-saving medications, medical devices or other medical grade equipment, manufacturers require very consistent, high quality and reliable power. Short interruptions or voltage sags can cause inconsistencies or quality issues during the manufacturing process of some pharmaceuticals.
“We are seeing increased interest in critical power applications for sensitive manufacturing processes such as pharmaceuticals,” said Jim Crouse, Executive Vice President of Sales and Marketing of Capstone Turbine. “Customers are realizing that Capstone microturbines can easily integrate with other green technologies such as photovoltaic, wind and battery storage, to deliver critical power while operating in high-efficiency CHP mode. These integrated power solutions will provide energy savings and also all the benefits of traditional UPS systems, but with a defined financial payback,” 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 has shipped over 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 DQS-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.
For more information about the company, please visit www.capstoneturbine.com. Follow Capstone Turbine on Twitter, LinkedIn and YouTube.
Forward-Looking Statements
This press release contains “forward-looking statements,” as that term is used in the federal securities laws. Forward-looking statements may be identified by words such as “expects,” “believes,” “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
Integra Investor Relations
Shawn M. Severson
415-226-7747
cpst@integra-ir.com
Released January 16, 2019
