Capstone Announces First Order for New C1000
02 June 2008
Capstone Turbine Corporation (NASDAQ:CPST), the world's leading clean technology manufacturer of microturbine energy systems announced today that it has received an order from its Russian distributor Banking Production Center ("BPC") for two C1000 MicroTurbine(R) systems to be installed in a new caviar farm in Russia. The order also included one C200 system to be installed in the Ukraine, and two C65 microturbines to be installed in Belarus. The total order value exceeded $2.0 million.
"The amount of interest and the number of inquiries we have been receiving since we announced the C200 and C1000 products is most encouraging," said Jim Crouse, Capstone's executive vice president of sales and marketing. "It was not surprising that our first C1000 order should come from one of our marquee distributors," Crouse added.
"We have been delighted to be working with BPC and we are excited to be associated with such a leading company in the Russian energy sector," said Tony Hynes, Capstone's vice president, sales and marketing, Europe, Middle East, Africa and India. "BPC has had great success in deploying our microturbines at businesses ranging from commercial office complexes, shopping centers, telecommunications facilities, hotels and a ski resort, among others," added Hynes.
Commenting on these new orders, Capstone President and CEO Darren Jamison said: "Obviously, I am delighted with this order for our first two C1000 systems on the eve of our participation at PowerGen Europe in Milan, Italy. At the show this week we will showcase one of our preproduction C200 units that will be delivered to a customer in Germany at the end of the show."
The C1000 platform applies the same dependable technology found in Capstone's 30kW and 65kW products. The new robust megawatt power system, based on Capstone's C200 microturbine product line will be configured in a single 30ft long ISO container and will provide the same low emissions and low maintenance benefits in a compact footprint. In addition, every installed C1000 Capstone microturbine solution is equivalent to removing up to 700 average U.S. passenger vehicles from the road, based on EPA emissions and efficiency data for the average US power plant and average passenger vehicle, or the equivalent of planting 730 acres of pine and fir forest, based on CO2 reductions.
