CHATSWORTH, Calif., Apr 17, 2012 (GlobeNewswire via COMTEX) --Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world's leading clean technology manufacturer of microturbine energy systems, today announced it continues to expand its presence in the Eagle Ford Shale Play with the sale of 30 more C65 microturbines.
Capstone distributor Horizon Power Systems (Pumps & Service) secured this follow-on order to support multiple users' growing power needs. The latest order for 30 low-emission C65 microturbines brings the total sold in excess of 150 units in the last nine months.
The majority of the 150 microturbines will operate on natural gas to generate clean-and-green prime power for Lease Automatic Custody Transfer (LACT) units and transfer stations at remote well sites in the Eagle Ford Shale Play.
"These multiple follow-on orders indicate that Capstone microturbines are quickly becoming the chosen power system to meet growing needs of major oil & gas producers operating in the Eagle Ford Shale Play," said Sam Henry, Horizon Power Systems President. "This order, along with the recent 10 MW order for C1000 Series products, proves we are making serious inroads in meeting the customer's high-caliber power needs with Capstone innovative technology."
"Just like the North American shale gas market, Capstone oil & gas sales are expanding rapidly and made up approximately 60% of Capstone's total revenue through the first three quarters of Fiscal 2012," said Darren Jamison, Capstone's President and Chief Executive Officer. "From the remote oil fields of Russia to the Shale Plays of Texas, Capstone's durable, low-emission, and highly-efficient microturbines are becoming a proven solution for around-the-clock production and optimized well performance worldwide, " added Jamison.
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 over 6,500 Capstone MicroTurbine(R) 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, Mexico City, Nottingham, Shanghai and Singapore.
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This press release contains "forward-looking statements," as that term is used in the federal securities laws, about the advantages of our products, growth in the oil and gas market and use of our products in the Eagle Ford Shale Play. 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.
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SOURCE: Capstone Turbine Corporation
CONTACT: Capstone Turbine Corporation
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