Capstone Secures C200 Signature Series Order for Manufacturer Seeking to Be Virtually Carbon-Free and Improve Resiliency in H...
03 January 2019 - 12:30AM
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 to upgrade multiple Capstone microturbines to a C200
Signature Series microturbine for Benz Research & Development,
an existing customer, seeking clean and reliable power with a goal
to be virtually carbon-free and improve their resiliency in a
hurricane-prone region in the United States.
The order was secured by E-Finity Distributed Generation,
Capstone’s distributor for the Mid-Atlantic and Southeastern U.S.,
and will be commissioned in April 2019. The new C200S will replace
an existing C65 array that has been in successful operation for
over ten years.
Based in Sarasota, Florida, Benz Research & Development has
been a leader for over 30 years in optical polymers, advancing the
art and science of contact lens & intraocular lens (IOL)
materials. While looking to upgrade their onsite power generation
with minimal carbon footprint, Benz once again turned to Capstone
microturbines, because they met two of their most critical
needs.
First, Benz’s management has an overall commitment to be
socially-responsible by utilizing green (low emission) and
renewable technologies for sources of electric power in the
company. The C200S microturbine will be operated in a combined
cooling, heat and power (CCHP) configuration, wherein, the waste
heat recovered from the microturbine will be used in Benz’s custom
Li-Br chillers, to provide an additional 50 refrigeration tons (RT)
of space cooling with zero carbon emission. This 50 RT of cooling
offsets additional 70 kilowatts (kW) of electric power for Benz, in
addition to boosting the overall thermal efficiency of the system
to over 70%. In their continued efforts to fully embrace green
initiatives and reduce their carbon footprint, Benz has a planned
expansion of solar to a 200 kW of highly efficient, solar-panel
carport, which will allow them to be virtually carbon-free for
their energy needs.
Second, Capstone provides redundancy of reliable and clean power
for Benz to stay operational even during power outages in the
hurricane-prone Florida. For their medical implant material
customers, this resiliency in manufacturing is critical to maintain
customer confidence in Benz’s ability to deliver products in a
timely fashion.
“Manufacturing at this level of precision requires reliability
in power. Over the years, the existing system has allowed us to
sustain operations during several adverse weather challenges,
allowing us to maintain the trust of our customers,” said Rakesh
Vasant, Manager of Plant Operations for Benz Research &
Development.
In 2017, 1.7 million customers lost power across six
southeastern states during Hurricane Michael with some customers
reestablishing full power for several weeks after the storm had
passed.
“Capstone believes that the key to our long-term success is
helping businesses like Benz Research & Development meet their
individual needs while being socially responsible. Whether aiding
in the production of oil and gas or the manufacturing of
high-performance contact lenses, our systems are ideal for
manufacturing because they produce ultra-low emissions and require
minimal maintenance, allowing companies to focus on what they do
best,” said Darren Jamison, President and Chief Executive Officer
of Capstone.
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 CorporationInvestor
and investment media
inquiries:818-407-3628ir@capstoneturbine.com
Integra Investor RelationsShawn M.
Severson415-226-7747cpst@integra-ir.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