Advantica Signs Distribution Agreement with Capstone Turbine.Business Editors CHATSWORTH, Calif.--(BUSINESS WIRE)--Feb. 26, 2001 Plans Wide-Spread Deployment of Capstone MicroTurbines in Economically and Environmentally Beneficial CHP CHP Chapter CHP Combined Heat and Power CHP California Highway Patrol CHP Cumhuriyet Halk Partisi (Turkish: Republican People's Party) CHP Chemical Hygiene Plan (OSHA) CHP Community Health Plan Systems Capstone Turbine Capstone Turbine Corporation NASDAQ: CPST, incorporated in 1988, is a California based gas turbine manufacturer that specializes in microturbine power and heat cogeneration systems. Capstone has sold and shipped more than 3,000 of these one-moving-part systems worldwide. Corporation (www.microturbine.com; Nasdaq:CPST CPST Cable Programming Services Tier CPST Commission on Professionals in Science and Technology CPST Community Psychiatric Supportive Treatment (Ohio) CPST Child Passenger Safety Technician CPST Classical Perturbation Scattering Theory ) today announced a formal distribution agreement for the United Kingdom and Ireland with Advantica Technologies Ltd. (www.advanticatech.com), formerly BG Technology Ltd. As part of the agreement, Advantica has contracted to purchase 250 Capstone MicroTurbine(TM) power systems from Capstone over the course of two years. With origins in British Gas British Gas is the name of several companies
"Advantica is recognized worldwide for utilizing proven technology in commercially innovative ways, a good example of which is our Capstone powered MiniGen(TM) combined-heat-and-power-system (CHP)," commented Ian Stares, commercial manager at Advantica. "This agreement strengthens our relationship with Capstone and positions Advantica as Europe's leading microturbine based systems integrator." MiniGen(TM) is built upon Capstone's low-emission microturbine technology that provides energy, cost and environmental benefits to both small and large users alike. This is a significant advantage, as it can be installed by a variety of businesses ranging from leisure centers, nurseries and hospitals, to supermarkets and hotels, all of which will be subject to the Climate Change Levy The Climate Change Levy (CCL) is a tax on energy delivered to non-domestic users in the United Kingdom. Its aim is to provide an incentive to increase energy efficiency and to reduce carbon emissions, however there have been ongoing calls to replace it with a proper carbon tax. (CCL 1. CCL - Coral Common LISP. 2. CCL - Computer Control Language. English-like query language based on COLINGO, for IBM 1401 and IBM 1410. ) -- the new energy tax that will be implemented by the UK government in April. The CCL will affect UK businesses in industry, commerce, agriculture and the public sector. Borne from the 1997 Kyoto Protocol Kyoto Protocol: see global warming. framework requirements to cut greenhouse gas greenhouse gas n. Any of the atmospheric gases that contribute to the greenhouse effect. greenhouse gas emissions and halt global warming global warming, the gradual increase of the temperature of the earth's lower atmosphere as a result of the increase in greenhouse gases since the Industrial Revolution. , the aim of the CCL is to deliver an expected saving of approximately five million tons of carbon by 2010, aligned to the UK government target to reduce harmful gas emissions by 12.5% by 2010. "Companies that have already invested in energy saving CHP systems such as MiniGen will stand to make considerable savings when this new energy tax comes into force on April 1st," said Yan Evans, Advantica's MiniGen sales and marketing manager. "Payback on installing MiniGen units with ratings from 30 to 500 kilowatts is typically between three and five years. In addition, the overall efficiency of the CHP system is such that users will be eligible to claim Enhanced Capital Allowances when purchasing the unit," Evans said, referring to a UK government (pound)100 million incentive program for energy savings investments. "Advantica's leadership and expertise in the field of distributed generation Distributed generation generates electricity from many small energy sources. It has also been called also called on-site generation, dispersed generation, embedded generation, decentralized generation, decentralized energy or and reputation throughout Europe made it a pivotal application development partner for us when we first signed an agreement with them in 1999," said Dr. Ake Almgren, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Capstone Turbine Corporation. "Advantica is now uniquely positioned to provide economic leverage for Capstone-powered CHP systems as well as other applications." Combined heat and power systems boost overall thermal efficiency In thermodynamics, the thermal efficiency (  ) is a dimensionless performance measure of a thermal device such as an internal combustion engine, a boiler, or a furnace, for example. and reduce greenhouse gas emissions that have been linked to global
warming. MiniGen CHP installations have exhibited an overall efficiency
of greater than 75%.
One of Advantica's first such MiniGen CHP applications is in the large commercial greenhouse of a UK horticulturist in which the exhaust from the microturbine is utilized directly in the greenhouse. The exhaust heat Exhaust Heat is a Super Famicom game that simulates the season and career of a Formula One superstar. There are over a dozen courses around the world to race and all of them are likenesses of real Formula One tracks (including realistic looking advertisements where the audience and slightly elevated carbon dioxide carbon dioxide, chemical compound, CO2, a colorless, odorless, tasteless gas that is about one and one-half times as dense as air under ordinary conditions of temperature and pressure. levels stimulate plant growth (since the Capstone MicroTurbine uses no oil, lubricants lubricants preparations for the lubrication of passages to reduce frictional injury, e.g. oily preparations, including petroleum jelly, lanolin or water-soluble preparations such as methyl cellulose. or coolants, the exhaust is free of liquid residues). This application won the "Most Innovative Product Award" at the United Kingdom's premier horticultural event and was deemed "outstanding" by UK Agriculture Minister Nick Brown. A press release on this award is at http://www.microturbine.com/whatsNew/pressrelease.asp?article=10. About Advantica With origins in British Gas, Advantica (www.advanticatech.com) -- formerly BG Technology -- is a leading provider of technology and engineering services to customers in gas, pipelines and associated industries in more than 30 countries. The UK-based company is currently pushing into new markets, using the skills developed for the British gas industry to solve problems and deliver solutions in other nations. Advantica has annual sales of (pound)80 million and employs more than 800 people in the UK and North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . About Capstone Turbine Capstone Turbine Corporation (www.microturbine.com; Nasdaq:CPST) -- winner of Financial Times Energy's (www.ftenergy.com) 2000 Global Energy Award for Most Innovative Commercial Technology -- is a leading producer of low-emission microturbine systems. In 1998, Capstone was the first to offer commercial power products utilizing microturbine technology, the result of more than ten years of focused research. Worldwide, more than 1,000 commercial production Capstone MicroTurbine systems serve, among others, the following applications: -- Hybrid electric vehicles (HEVs): onboard generation -- Resource recovery: converting oilfield and biomass waste gases into electricity -- Micro-cogeneration: combined heat/power/chilling solutions -- The 9s market: power quality and reliability This news release contains "forward-looking statements," as that term is used in the federal securities laws, about Capstone's business, including statements regarding significant advantages, yet-to-occur taxes, expected allowance eligibility and other such statements. You can find many of these statements by looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. words such as "believes," "expects," "anticipates," "estimates," or similar expressions. These forward-looking statements are subject to numerous assumptions, risks and uncertainties that may cause Capstone's actual results to be materially different from any future results expressed or implied in such statements. These risks and uncertainties include those risks, uncertainties, marketplace competitors and risk factors identified, among other places, under "Risk Factors" in Capstone's registration statement on Form S-1, SEC File No. 333-48524. Capstone cautions you not to place undue reliance on these statements, which speak only as of the date of this release. Capstone undertakes no 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. Note To Editors: Information on the greenhouse application noted above is at http://www.microturbine.com/whatsNew/pressrelease.asp?article=10 Information on the FT Energy Award noted above is at http://www.microturbine.com/whatsnew/pressrelease.asp?article=56 Photos related to this story are at www.microturbine.com/advantica. High-resolution photos available at: http://www.microturbine.com/whatsnew |
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