Capstone Turbine Corporation (www.microturbine.com)
(NASDAQ:CPST), the world’s leading clean
technology manufacturer of microturbine energy systems, today announced
that it received additional orders for 10 megawatts of C1000 systems.
This brings the total of C1000 family orders to date to 26 units or 24.6
megawatts.
Like the C200 pre-orders, the C1000 sales have been very strong and
exceed management’s expectations. These orders
further demonstrate that the market continues to look for ultra-clean
and highly reliable power generation solutions in the multiple megawatt
space.
“We are extremely pleased with the early
market adoption of both the C200 and C1000 products. We continue to
focus attention on reaching our internal cost and margin targets,”
stated Darren Jamison, Capstone Turbine Corporation’s
President and Chief Executive Officer. “In
addition, we are working to improve our inventory turns to lower our
working capital requirements as we ramp up the business,”
Jamison added.
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 reduction.
Capstone Turbine Corporation expects to deliver its first commercial
C1000 Series product in January 2009.
Capstone Turbine Corporation (www.microturbine.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 4,000
Capstone MicroTurbine® 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 9001:2000 and ISO 14001:2004 certified
company; Capstone Turbine is headquartered in the Los Angeles area with
sales and/or service centers in New Jersey, New York, Mexico City,
Milan, Nottingham, Shanghai and Tokyo.
“Capstone Turbine Corporation”
and “Capstone MicroTurbine”
are registered trademarks of Capstone Turbine Corporation. All other
trademarks mentioned are the property of their respective owners.
This press release contains "forward-looking statements," as that term
is used in the federal securities laws, about additional sales
opportunities and the advantages of our C1000 product, internal cost and
margin targets, improved inventory turns and delivery expectations for
the C1000 product. 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 Turbine Corporation
Alice Barsoomian, 818-407-3628
