CHATSWORTH, Calif., July 3, 2012 (GLOBE NEWSWIRE) -- Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world's leading clean technology manufacturer of microturbine energy systems, announced today that it has sold two C1000 power packages to its Southern California distributor Regatta Energy Solutions.
Capstone continues to expand its penetration of the North American oil and gas market with this order from another substantial oil and gas customer for the two C1000 power packages to be installed at a remote natural gas facility in Southern California. This is a follow-on order as the customer currently has several C65s installed at various locations in Southern California. This order is significant, however, because it is the customer's first C1000 purchase and shows an increased adoption of Capstone's clean and green microturbine solutions.
"This customer selected Capstone microturbines because they want the high reliability and low emission benefits of our products," said Kenda Burkhart, Regatta Energy Solutions Vice President, Business Development. "They need the assurance of round-the-clock power at the critical facility and know that's precisely what Capstone microturbines deliver."
"Capstone's presence in the oil and gas market continues to grow," said Jim Crouse, Capstone's Executive Vice President of Sales and Marketing. "New and existing customers are selecting Capstone Microturbines when designing new installations or replacing older internal combustion engines. We are becoming the go-to power source for customers who want clean, low maintenance and reliable onsite power," 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 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 and increased sales of our products in the oil and gas market. 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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