Capstone Further Penetrates the Oil and Gas Market in Russia With Two Orders
CHATSWORTH, Calif., Jan. 6, 2014 (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 two orders totaling 24MW from its Russian distribution
partner BPC Engineering for new associated gas and pipeline projects.
The low-emission Capstone microturbines will be installed at modular power
stations. Several of 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. Globally, about 140
billion cubic meters of associated gas are estimated to be burned or wasted
annually. Recent estimates put the amount of flared or wasted associated gas
in Russia at close to 40 billion cubic meters per year.
"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 continues to be Capstone's top international oil and gas market," said
Jim Crouse, Capstone's Executive Vice President of Sales and Marketing. "We
are also seeing significant interest from producers in Africa, the Middle East
and the United States for Capstone's highly reliable and low maintenance
associated gas products," added Crouse.
"BPC Engineering continues to be a very strong partner for Capstone and today
has over 1,200 Capstone units successfully operating throughout their
territory," said Darren Jamison, Capstone's President and Chief Executive
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 approximately 7,000 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
9001:2008 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 the use of our products in the oil and
gas market and increased sales 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.
"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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