Capstone to Upgrade European Distribution Center for Major Italian Food Retailer
30 March 2015 - 11:30PM
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
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 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.com
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