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CHATSWORTH, Calif., June 08, 2017 -- 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 order for nine C65 integrated combined heat and power (ICHP) microturbines to upgrade a large chicken egg farm in Southern California.
Regatta Solutions, Inc., Capstone’s distributor in California, secured the order, which is expected to be commissioned in December 2017. The customer selected Capstone microturbines for their ability to lower their business’ total energy spend in an environment-friendly way.
“Microturbines are well suited for agricultural applications because they help round-the-clock businesses like farms to lower their operational costs while meeting the world’s most stringent emissions standards,” said Darren Jamison, Capstone’s President and Chief Executive Officer. “From one of the world’s largest milk producers in New England to large egg farmers in California agricultural customers are more frequently solving critical power needs with Capstone products that meet both their sustainability goals and critical power needs without the risk of power losses or extended downtime due to equipment maintenance,” added Mr. Jamison.
The natural gas-fueled C65 microturbines will be installed along with external gas compressors at two locations within the farm and operate in dual mode, which allows the customer to operate independently from, or with, the grid in a load sharing capacity. The clean exhaust heat from the microturbines will be used to produce hot water for the pasteurization process as well as onsite cleaning purposes.
“This opportunity represents yet another smart client example of how cogeneration is helping mid-market companies to optimize energy efficiency, provide enterprise resiliency and positively impact their sustainability initiatives,” said Steve Acevedo, President and Chief Executive Officer at Regatta Solutions.
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 Capstone product and accessories offerings, as well as their benefits in agricultural applications. 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.
Capstone Turbine Corporation Investor and investment media inquiries: 818-407-3628 [email protected]
