Capstone Continues to Expand Reach in China Market With Three Orders From Oil
& Gas Sector
CHATSWORTH, Calif., April 11, 2013 (GLOBE NEWSWIRE) -- Capstone Turbine
Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world's leading clean
technology manufacturer of microturbine energy systems, continues to expand
its reach into the Chinese market with the sale of multiple C30s, C65s and
C200s that will be installed at various oil and gas sites. The three orders,
valued at more than $1.3 million, are a significant milestone for Capstone's
growth in China as they represent the first sales into the oil and gas market.
Top-Well Petroleum Technologies, Capstone's oil and gas distributor in China,
received the orders for the units from two Chinese oil and gas producers. The
units, which are fueled by well-head gas, will generate reliable, low-emission
electricity. The clean-and-green onsite electricity produced by the Capstone
C30s, C65s and C200s will power the production equipment.
"With the difficulty and expense of bringing traditional power to the remote
sites, the customers chose Capstone microturbines because of the high
reliability and long maintenance intervals of our systems," said Darren
Jamison, Capstone President and Chief Executive Officer. "Capstone
microturbines are designed to efficiently convert well-head gas to electricity
and outperform other options."
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 in the Chinese oil and gas market
and the advantages of our products over competing technologies.
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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