Capstone Turbine Technology Providing Power, Heat at Netherlands Recreation Facility.Business Editors CHATSWORTH, Calif.--(BUSINESS WIRE)--Sept. 20, 2000 Amid the laughter and splashing of children in a public swimming pool in Putten, The Netherlands, a new power generation technology -- the Capstone MicroTurbine(TM) -- is delivering clean and efficient energy for powering the lights and warming the more than 400,000 gallons (1.6 million liters) of water to a balmy 75 degrees F (24 degrees C). Gasunie Research in Groningen -- the research and development department of N.V. Nederlandse Gasunie N.V. Nederlandse Gasunie (short form: Gasunie) is a Dutch natural gas infrastructure and transportation company. Gasunie owns the Dutch gas transmission network with a total length of over 12,000 kilometers. , the natural gas trading and transmission company serving the Dutch and export markets -- began operating a Capstone MicroTurbine in December, and is quite pleased with the results. "The system worked flawlessly in our initial testing phase, and has proven to be just as reliable here in this real-world application. It is an exciting technology. 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 are nearly the same as those of fuel cells with reformers, but for the price of a fuel cell, you could buy several microturbines," said Klaas Beukema, manager Gasunie Research. Microturbines are a new power generation technology with near zero emissions Zero emission refers to an engine, motor, or other energy source, that emits no waste products that pollutes the environment or disrupts the climate. Zero emission engines and are designed for high reliability with minimal maintenance. Los Angeles-area-based 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. Corp. (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 ) was the first company to market microturbines, having begun commercial production in December 1998. Today, hundreds of Capstone MicroTurbines are in operation around the world. The hot exhaust of the microturbine can heat air and water, as well as serve industrial needs for heating and drying. The exhaust is clean enough to be used directly in horticultural hor·ti·cul·ture n. 1. The science or art of cultivating fruits, vegetables, flowers, or ornamental plants. 2. The cultivation of a garden. greenhouses, as demonstrated last year in an award-winning application by BG Technology in the United Kingdom. "This is an excellent use of the clean 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 MicroTurbine," said Ake Almgren, president & 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. "In addition to an expected cost savings of more than 25 percent, combined heat and power micro-cogeneration applications dramatically boost total efficiency to 70 percent or more while also reducing the production of greenhouse gases greenhouse gas n. Any of the atmospheric gases that contribute to the greenhouse effect. greenhouse gas associated with 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 Capstone MicroTurbine has a single moving assembly, is air-cooled and uses Capstone's patented air bearings. These characteristics eliminate the need for liquid 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. and coolants, eliminate disposal problems and greatly reduce maintenance costs. Exhaust stream nitrogen oxides are factory rated at less than 9 parts per million parts per million mg/kg or ml/l; see ppm. , and have been independently verified as low as 2.4 ppm using natural gas and 1.3 ppm using landfill waste gas as a fuel source. About Gasunie Gasunie (www.gasunie.nl) is a gas trader and carrier. The company's primary activities are the purchase, transmission and sale of gas, both in the Netherlands and abroad. Gasunie's policy seeks to ensure the continuity of the company as a leading European gas supplier. Gasunie has a strong reserves position and is able to provide a wide variety of services, including capacity, flexibility, back-up, quality conversion and storage. Research, engineering and consultancy complete the range of activities. High priority is given to safety and environmental protection, and to promoting sustainability. About Capstone Turbine Capstone Turbine Corp. (www.microturbine.com) 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 10 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 news release contains "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. ," as that term is used in the federal securities laws, about Capstone's business, including statements regarding expected growth in applications over the next several years. Readers 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 readers 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. Notes to Editors: Publication-quality photos of the Gasunie installation are at: http://www.microturbine.com/gasuniephotos News release on noted horticultural award is at: http://www.microturbine.com/whatsnew/pressrelease.asp?article=10 News release on noted NOx emissions using landfill waste gas is at: http://www.microturbine.com/whatsnew/pressrelease.asp?article=3 |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion