Capstone to Serve Large Italian Meat Company with Reliable Onsite Power and Steam
02 October 2017 - 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 C1000 Signature Series microturbine to provide combined
cooling, heat and power (CCHP) for a large cured meat company in
Veneto, Italy.
IBT Group, Capstone’s Italian distributor, secured the order,
which is estimated to be commissioned in early 2018. Capstone
microturbines were selected for their ability to reduce energy
costs while also increasing operational efficiency.
“I’m very encouraged to see yet another order from IBT Group in
Italy. This makes it their third distinctive project secured this
quarter utilizing our new Signature Series product in three very
unique and diverse customer applications,” said Darren Jamison,
Capstone’s President and Chief Executive Officer. “Not to mention a
recent small project win for a single C65 CHP project which overall
makes them our most active European partner this summer,” Mr.
Jamison concluded.
“We are very proud of this application as it is the first
‘quadri-generation’ plant in Italy,” said Ilario Vigani, IBT
Group’s Chief Executive Officer. “Our customer’s business is
focused on exporting quality cured meat abroad. By maximizing their
production plant’s energy efficiency, we will be able to help their
competitiveness in the international markets, thus helping our
country export balance.”
A natural gas fueled C1000 Signature Series microturbine will be
installed in grid connect mode, which enables the customer to
operate with the utility grid in a load sharing capacity. The
microturbine energy system will connect to a special steam boiler
generator with post-combustion capabilities, delivering cold water,
ice, hot water and steam for production purposes. The cured meat
company will also utilize the CCHP microturbine to meet the high
cooling demand of its onsite meat storage facility.
“Commercial and Industrial customers with high heat or cooling
demands are ideal applications for our microturbines,” said Jim
Crouse, Capstone’s Executive Vice President of Sales and Marketing.
“Capstone microturbines are adaptable and able to pair with other
technologies, such as steam boilers, to provide even larger
economic benefits.”
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 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 our Signature Series product offerings and
accessories. 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 CorporationInvestor and investment
media inquiries:818-407-3628ir@capstoneturbine.com
Capstone Turbine (NASDAQ:CPST)
Historical Stock Chart
From Apr 2024 to May 2024
Capstone Turbine (NASDAQ:CPST)
Historical Stock Chart
From May 2023 to May 2024