Capstone Turbine Ships New Microturbine Product; New Capstone 60 Power System Generates Twice the Electricity of Current Models.Business Editors CHATSWORTH, Calif.--(BUSINESS WIRE)--Sept. 29, 2000 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 (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 ), a leading producer of low-emission microturbine systems, today shipped its first commercial 60 kilowatt microturbine power system. The Capstone 60 model is an addition to Capstone Turbine's extensive line of 30 kW models. It develops twice the amount of electricity, but does so with the same unique characteristics of the company's 30 kW models: only one moving assembly, no oil or other liquid lubricants, no liquid coolants and nitrogen oxide Noun 1. nitrogen oxide - any of several oxides of nitrogen formed by the action of nitric acid on oxidizable materials; present in car exhausts pollutant - waste matter that contaminates the water or air or soil emissions of 9 parts per million parts per million mg/kg or ml/l; see ppm. without any post-combustion pollution controls. Similarly sized natural gas generators can emit several hundred parts per million NOx; gasoline and diesel generators can be 1,000 or more. This first natural gas powered system is being shipped to one of Capstone's Midwest distributors, Interstate Power Systems (www.istate.com), headquartered in Minneapolis. The unit is destined des·tine tr.v. des·tined, des·tin·ing, des·tines 1. To determine beforehand; preordain: a foolish scheme destined to fail; a film destined to become a classic. 2. for installation at a propane and liquefied natural gas liquefied natural gas: see under natural gas. 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. storage facility of Reliant Energy Reliant Energy, Inc., based in Houston, Texas, is a non-utility, retail and wholesale electricity provider. In Texas, it provides service to nearly 1.9 million retail electricity customers, including residential and small business customers and commercial, industrial, Minnegasco (www.minnegasco.com), where it will be used as a supplement and backup to the local utility grid to assure proper temperature maintenance of the stored fuels. In addition, 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 of the Capstone 60 will be ported through an absorption chiller chill·er n. 1. One that chills. 2. A frightening story, especially one involving violence, evil, or the supernatural; a thriller. chiller Noun 1. that will deliver refrigerated re·frig·er·ate tr.v. re·frig·er·at·ed, re·frig·er·at·ing, re·frig·er·ates 1. To cool or chill (a substance). 2. To preserve (food) by chilling. air that will also be used for cooling. Reliant Energy Minnegasco currently uses one of Capstone's 30 kW Model 330 systems to provide load-following and standby energy to the facility's control center. The exhaust from the current system will pass through a Unifin heat exchanger for space heating at the facility. The refrigerator-sized Capstone 60 is about the same height and width of Capstone's continuing line of 30 kW models, and only about two feet more in depth. "This is a significant step forward in microturbine power generation," 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. "Capstone has a long history of being the first with firsts in microturbine development and commercialization, and this is yet another to add to our list. There are no other comparably-sized commercial products on the market that can match the near-zero emissions performance of the new Capstone 60 or of our several 30 kilowatt models." About Capstone Turbine Capstone Turbine Corporation (www.microturbine.com)(Nasdaq:CPST) 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, hundreds of 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 press release contains "forward-looking statements," as that term is used in the federal securities laws, about Capstone's business, including statements regarding the expected future of microturbine technology and future sales. 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 and risk factors identified, among other places, under "Risk Factors" in Capstone's registration statement on Form S-1, SEC File No. 333-33024. 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: High-resolution photos of this first commercial Capstone 60 are available at: http://www.microturbine.com/whatsnew/capstone60. |
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