QualityStocks would like to
highlight Capstone Turbine Corporation (NASDAQ: CPST), the world's leading
producer of low-emission microturbine systems, and the first to market
commercially viable microturbine energy products. Capstone Turbine has shipped
over 6,000 Capstone MicroTurbine(r) systems to customers worldwide. 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 9001:2000 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.
In the company’s news yesterday,
Capstone Turbine announced a
follow-on order for 31 more cutting-edge cleantech C65 microturbines from a
substantial hydrocarbon operator in the Eagle Ford Shale (EFS), which currently
has a deployed fleet of these powerful energy systems totaling 71 units. The
beauty of the C65’s, especially for the hydrocarbon industry operators, is that
they are able to readily use natural gas to produce clean-and-green power in a
highly localizable fashion.
Capstone (UL-Certified ISO
9001:2008 and ISO 14001:2004) has established itself globally through a
consistent pattern of delivering award-winning microturbine systems (some 6k
shipped worldwide) that have collectively logged millions of documented hours
of runtime. This LA-headquartered powerhouse has sales and service center
satellites in key markets (New York Metro Area, Mexico City, Nottingham,
Shanghai and Singapore) that give the Company a global footprint. The solid
portfolio of cleantech microturbine technologies and solutions CPST is able to
execute on are reinforced by a firm handshake with the US EPA, thanks to CPST’s
membership in that agency’s Combined Heat and Power Partnership.
The order announced today is an
undeniable vote of confidence for CPST from a large industry operator and was
secured by the Company’s distributor Horizon Power Systems (HPS) in response to
growing demand from the customer for more energy. This order will bring the
total to 102 units delivered to this customer. The new C65’s will largely end
up supporting Lease Automatic Custody Transfer infrastructure, as well as
remote well site transfer stations in the EFS.
Exec VP of Sales and Marketing at
CPST, Jim Crouse, commented on both the rapid expansion of NA shale production
and the Company itself, citing the around-the-clock performance capability of
the C65 microturbines as key for their rapid adoption within the industry,
where the optimal efficiency, robust design and low-emissions of the C65 drive
home an ideal package for EFS operators, as well as other plays nationwide.
The president of HPS, Sam Henry,
reaffirmed the view espoused by Crouse that CPST’s microturbines were quickly
becoming the chosen power system among oil and gas producers nationwide as
those operators seek to meet ever growing demands for robust energy solutions.
Henry pointed out the satisfaction of the customer over the C65 meeting their
“high-caliber power needs” and offered this as the main reason for the decision
to upgrade their power envelope with more CPST microturbines.
All CPST microturbines
• Can operate as Continuous or
On-Demand
• Can operate as Stand-Alone or
Grid-Connected
• Can operate Individually or in a
Multi-Pack configuration
• Utilize a variety of fuel types
(Natural Gas, Biogas, Flare gas, Diesel, Propane, Kerosene)
CPST microturbines have a broad
range of applicability and penetrate into multiple markets ranging from
industrial, to commercial and the public sector. This order bolsters an already
strong company profile and is a clear sign that the North American shale sector
is continuing to gain momentum.
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This release may contain
forward-looking statements within the meaning of Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended. All forward-looking statements are inherently uncertain as
they are based on current expectations and assumptions concerning future events
or future performance of the company. Readers are cautioned not to place undue
reliance on these forward-looking statements, which are only predictions and
speak only as of the date hereof. Risks and uncertainties applicable to the
company and its business could cause the company's actual results to differ
materially from those indicated in any forward-looking statements.
