Capstone Turbine Announces Initial $3.8 Million Order for Its C200 Microturbine.CHATSWORTH, Calif. -- 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 NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :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 ), the world's leading clean technology manufacturer of microturbine energy systems, today announced an initial order for $3.8 million of C200 microturbine systems for biogas bi·o·gas n. A mixture of methane and carbon dioxide produced by bacterial degradation of organic matter and used as a fuel. biogas Noun gaseous fuel produced by the fermentation of organic waste applications from Greenvironment Oy, its distributor in Finland and Germany. Greenvironment's order specifies deliveries beginning in September 2008 and completion of the order no later than December 2009. Capstone will add $0.6 million to its backlog in September initially for the portion of the order that is within one year of delivery and the remainder of the order incrementally as it falls within one year. Founded in 2002 in Finland, Greenvironment has been a leader in clean and green technologies using biogas-fueled microturbines. In early 2006, it expanded into Germany with a subsidiary located in Berlin. In June 2007, in the presence of 150 invited guests from industry, government and media, Greenvironment commissioned its first commercial microturbine power plant in Germany, utilizing a digester di·gest·er n. 1. One that makes a digest. 2. Chemistry A vessel in which substances are softened or decomposed, usually for further processing. Noun 1. . "Because of its innovative technology and its unique business plan, CNBC Europe CNBC Europe is a business and financial news channel broadcast in Europe. It is the European version of CNBC. It is operated by NBC Universal, and headquartered in London. placed Greenvironment on its list of the Top 50 Low-Carbon Pioneers," said Tony Hynes, Vice President, Sales, Europe, the Middle East and Africa Europe, the Middle East and Africa, usually abbreviated to EMEA, is a regional designation used for government, marketing and business purposes. It is particularly common amongst North American based companies, who often divide their international operations into the . "This order reinforces their confidence in our systems' reliability and low emissions profile on biogas fuels," added Hynes. "Europe is currently a successful market for us, and this order for our C200 product will enable further market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" ," said Darren Jamison, 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. "We have been very impressed with Greenvironment's team of dedicated experts in all aspects of engineering, marketing, and project management, and their focus of providing outstanding support to their customers," added Jamison. "We are looking forward to a continued successful relationship between our two companies." Commenting on the new order, Greenvironment Oy's Managing Director, Matti Malkamaki said, "We have been impressed by Capstone Turbine's leadership in clean and green microturbine technology and as a manufacturer of proven and reliable equipment, and we believe that there will be a growing demand for C200 microturbine systems in various biogas applications in the future." The 200-kilowatt system is the latest generation MicroTurbine[R] being developed by Capstone. "In addition to a net power output of 200 kilowatts, the C200 will provide the same technology advantages as our previous microturbines as well as multiple unit paralleling capability to powering applications up to 2 megawatts, with the highest electrical efficiency The efficiency of an entity (a device, component, or system) in electronics and electrical engineering is defined as useful power output divided by the total electrical power consumed (a fractional expression). About Capstone Turbine Capstone Turbine Corporation (www.microturbine.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 four thousand units of Capstone MicroTurbine[R] 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 (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001:2000 certified company; Capstone Turbine is headquartered in the Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. area with sales and/or service centers in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Mexico City, Milan, Nottingham, Shanghai and Tokyo. "Capstone Turbine Corporation" and "Capstone MicroTurbine" are registered trademarks of Capstone Turbine Corporation. All other trademarks mentioned are the property of their respective owners. This press release contains "forward-looking statements," as that term is used in the federal securities laws, about new sales opportunities for Capstone, in particular, with the sale of the C200 microturbine system for biogas applications in Europe, a continued successful relationship between Capstone and Greenvironment, and the technology advances and electrical efficiency of the C200 system. 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. |
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