Capstone Receives Follow-On Order for 30 C65s From U.S. Oil and Gas
Exploration and Production Company
CHATSWORTH, Calif., Feb. 6, 2013 (GLOBE NEWSWIRE) -- Capstone Turbine
Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world's leading clean
technology manufacturer of microturbine energy systems, today announced that
it continues to expand its presence in the Eagle Ford Shale Play with another
follow-on order for 30 C65 microturbines from a U.S.-based oil and gas
exploration and production company.
The oil and gas exploration and production company's operations are located
primarily in the United States with natural-gas exploration and production
onshore in the lower 48 states, onshore in Alaska, and offshore in the deep
waters of the Gulf of Mexico. This latest order brings their total C65 fleet
to approximately 150 microturbines. Most of the C65 units were purchased by
the oil and gas producer's production division and are utilized for lease
automatic custody transfer (LACT) units. In addition, the company's mid-stream
division has previously purchased seven C600s and one C800 making the company
one of the largest Capstone users in North America.
Capstone distributor Horizon Power Systems secured this follow-on order to
support the exploration and production company's growing power needs in the
Eagle Ford shale play.
"These multiple follow-on orders indicate that Capstone microturbines are
quickly becoming the chosen power system to meet the growing needs of major
oil & gas exploration and production companies operating in North America,"
said Sam Henry, Horizon Power Systems President. "This order proves we are
making serious inroads in meeting the customer's high-caliber power needs
using Capstone's innovative microturbine technology."
Capstone continues its penetration of the North American oil and gas market
with another substantial follow-on order from an existing end use oil and gas
customer. "The oil and gas market continues to be our fastest growing market
worldwide, and the repeat orders indicate our customers' satisfaction with our
clean and green power generation solutions," said Jim Crouse, Capstone's
Executive Vice President of Sales and Marketing.
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 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.
The Capstone Turbine Corporation logo is available at
This press release contains "forward-looking statements," as that term is used
in the federal securities laws, about growth of the oil and gas market and the
advantages of our products. 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.
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CONTACT: Capstone Turbine Corporation
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