Capstone Turbine Corporation Signs Marketing Agreement With BG Technology; UK Firm to Deploy Innovative Power Generation Solutions.WOODLAND HILLS, Calif.--(BUSINESS WIRE)--Nov. 18, 1999-- 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, the leading supplier of microturbine power generating systems for the distributed energy market, today announced a marketing agreement with BG Technology, an internationally-recognized organization that provides innovative energy generation solutions. BG Technology will serve the microturbine market in the U.K. and Ireland, integrating the Capstone MicroTurbine(TM) system into a range of power generation and combined heat-and-power "cogeneration" packages. The Capstone MicroTurbine is a low-cost, clean electricity system that can be used as the basis for a range of power generation and cogeneration applications. In its first United Kingdom commercial application, the Capstone MicroTurbine will provide power, heat and supplementary 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. (CO2) for a large horticultural greenhouse. "BG Technology'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 makes it a pivotal application development partner for us," 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. "BG Technology has long developed and supported innovative technology and clearly recognizes the contributions the MicroTurbine can make to the distributed energy market." "This is an exciting opportunity for both BG Technology and Capstone Turbine Corporation in the quest for Verb 1. quest for - go in search of or hunt for; "pursue a hobby" quest after, go after, pursue look for, search, seek - try to locate or discover, or try to establish the existence of; "The police are searching for clues"; "They are searching for the low-cost distributed power generation" said Ian Stares, BG Technology Energy Utilization's Commercial Manager. "This innovative technology offers significant energy cost benefits and emissions savings, enhancing business efficiency and supporting environmental commitments." BG Technology plans to develop microturbine packages, including water and air heating/cooling and direct firing using the clean, hot exhaust gases. They intend to install these cogeneration and trigeneration systems across residential, commercial and industrial markets. PowerGen Show Capstone Turbine Corporation will exhibit its microturbine technology and applications at PowerGen International Nov. 30 through Dec. 2 in New Orleans New Orleans (ôr`lēənz –lənz, ôrlēnz`), city (2006 pop. 187,525), coextensive with Orleans parish, SE La., between the Mississippi River and Lake Pontchartrain, 107 mi (172 km) by water from the river mouth; founded , La. Capstone will be exhibiting at Booth No. 2619. Capstone Turbine Corporation Headquartered in Woodland Hills, Calif., Capstone Turbine Corporation is the world's leading manufacturer of low-emission, microturbine power generators. Capstone's air-cooled design and patented air bearing technology avoid the high maintenance costs of traditional power generation systems. Capstone MicroTurbine(TM) generators meet today's needs for efficient combined heat and power; oilfield flare gas reduction and other types of resource recovery; power capacity additions, load management; stand-alone power for remote sites and hybrid electric vehicles A hybrid electric vehicle (HEV) is a vehicle which combines a conventional propulsion system with an on-board rechargeable energy storage system (RESS) to achieve better fuel economy than a conventional vehicle without being hampered by range from a charging unit like an . Commercial units began shipping late in 1998. Company information may be found at www.capstoneturbine.com. BG Technology BG Technology is a world leader in the field proven application of rugged and innovative technologies supporting international energy and utility companies, instrumentation manufacturers and engineering companies. With experience in exploration, production, transmission, distribution, storage and energy utilization, as well as a standards setter setter: see sporting dog. setter Any of three breeds derived from a medieval hunting dog that would set (lie down) when it found birds so that it and the birds could be covered with a net. Setters have long hair on the ears, chest, legs, and tail. for the latest safety and environmental issues, BG Technology is internationally active in providing innovative solutions to the energy markets and implement technologies that can improve operational efficiency. BG Technology is a wholly owned business unit of BG plc (formerly known as British Gas British Gas is the name of several companies
Liquefied natural gas (LNG) A product of natural gas which consists primarily of methane. Its properties are those of liquid methane, slightly modified by minor constituents. manufacture and transportation, storage, power generation and gas market development. On the basis of its extensive UK operations and the related expertise and experience, BG is engaged in the selective complementary growth of its international businesses and at the end of 1998 had significant interests in 19 countries. Company information may be found at www.bgtech.co.uk. |
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