Capstone Receives Order for $6.4 Million From BPC Engineering for Pipeline
CHATSWORTH, Calif., April 4, 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 recently received an order for 100 microturbines for $6.4 million from
its Russian distributor BPC Engineering for a new pipeline project.
The 100 low-emission Capstone microturbines will be installed at modular power
stations. All the microturbines will be fueled by untreated associated gas
from well sites that otherwise would be flared. Associated gas utilization for
power will allow the customer to avoid costly emissions penalties and to
significantly reduce power costs at the oil field level. The electricity
generated by the microturbines is expected to cover nearly all the energy
needs of the oil field.
"Russian oil and gas producers continue to adopt Capstone's microturbine
technology because of its inherent reliability and ability to burn associated
gas that contains up to seven percent hydrogen sulfides without requiring
treatment equipment," said Alexander Skorokhodov, BPC Engineering Chief
"Russia is Capstone's top international oil and gas market," said Jim Crouse,
Capstone's Executive Vice President of Sales and Marketing. "Russian oil and
gas producers count on Capstone's high reliability, low emissions, and low
maintenance costs," added Crouse.
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 increased adoption of our technology in
Russia, the advantages of our products and continued success with Russian oil
and gas producers. 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
"Capstone" and "Capstone MicroTurbine" are registered trademarks of Capstone
Turbine Corporation. All other trademarks mentioned are the property of their
CONTACT: Capstone Turbine Corporation
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