Capstone Receives Another Substantial Order in the Oil & Gas Market
20 February 2008
Capstone Turbine Corporation (Nasdaq:CPST), the world's leading clean technology manufacturer of microturbine energy systems, today announced that it has received an order for approximately $1.9 million from a multinational oil and gas company. The order is for Capstone's C65 Class I Div 2 microturbine systems for use in resource recovery applications on unmanned oil platforms.
"This order builds further momentum for us in the oil and gas market. The order is from a fully-integrated oil and gas corporation whose business encompasses the full spectrum of oil and gas operations in the areas of upstream oil and gas exploration and production to downstream oil refining, gas processing and liquefaction, gas transmission pipeline network operations, and petrochemical manufacturing and marketing, among others," said Jim Crouse, Capstone's executive vice president, sales and marketing.
"We are very pleased to receive this considerable order as it demonstrates the traction we are gaining in the oil and gas market," said Darren Jamison, president and CEO of Capstone Turbine Corporation. "The oil and gas market is a major focus for Capstone as it leverages our value proposition of high reliability, long maintenance intervals and low total cost of ownership," added Jamison.
Capstone offers an integrated microturbine package to meet the special requirements of offshore applications. This includes corrosion protection with a 316 stainless steel enclosure, optional Class I Division 2/NFPA 496 certification for use in hazardous areas, and UL listing. The Capstone offshore package includes an energy storage system to start the microturbine and provide momentary power during abrupt load changes. The result is highly regulated voltage and frequency regardless of load changes. These compact, self-sufficient systems are perfect for unmanned platforms and have onshore dispatch, monitoring and diagnostics capability.
