Capstone Receives Follow-On Orders for Fifty C65s From Horizon Power Systems
for Multiple U.S. Oil and Gas Customers
CHATSWORTH, Calif., June 4, 2014 (GLOBE NEWSWIRE) -- Capstone Turbine
Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world's leading clean
technology manufacturer of microturbine energy systems, announced today it
received orders for fifty Capstone C65 microturbines for oil and gas customers
in the United States.
Horizon Power Systems, Capstone's exclusive oil and gas distributor for the
Eagle Ford, Permian, San Juan and Wattenberg Shale plays, secured the orders
to support the growing power needs of its existing customers. The orders will
bring the total fleet to more than 600 microturbines in operation in Horizon's
area of responsibility and will serve various stages of oil and gas production
including powering central processing stations, well-head operation, and flare
"North American oil and gas producers continue to adopt Capstone microturbines
because they want the high reliability and low emission benefits of our
products," said Sam Henry, President of Horizon Power Systems. "Additionally,
customers are committed to conducting business safely, in a socially and
environmentally responsible manner, which is precisely what Capstone
Capstone continues its rapid penetration of the North American shale gas
market with these follow on orders. These orders help demonstrate that
Capstone's low emission, durable, and highly efficient microturbines are the
preferred choice for around-the-clock production and optimized well site
performance. Capstone's low maintenance ensures a higher availability than its
competitors and also reduces operational costs.
"The oil and gas market continues to show steady growth worldwide," said Jim
Crouse, Capstone's Executive Vice President of Sales and Marketing. "Capstone
microturbines have become the go to power source for producers that want
extremely reliable, easy to deploy and low emission onsite power solutions.
These repeat orders confirm customers' satisfaction with our clean and green
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 theNew York Metro
Area,United Kingdom, Mexico City, Shanghai andSingapore.
TheCapstone Turbine Corporation logo is available
This press release contains "forward-looking statements," as that term is used
in the federal securities laws, about the environmental advantages and
reliability of our products and the use of our products in the oil and gas
market. 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 ofCapstone
Turbine Corporation. All other trademarks mentioned are the property of their
CONTACT: Capstone Turbine Corporation
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