Capstone Turbine and Japan Steel Works to Develop Chilling System Using MicroTurbine Exhaust Heat; New Technology to Create Sub-Freezing Air from 500 degrees F Exhaust.Business Editors CHATSWORTH, Calif.--(BUSINESS WIRE)--August 14, 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 and Japan Steel Works have begun development of a heat-exchange system that will utilize hot exhaust from the Capstone MicroTurbine(TM) power system to generate frigid air for commercial freezing and refrigerating 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. uses. The co-developed system will employ Japan Steel Works' metal hydride hydride Any of a class of compounds in which hydrogen is combined with another element. There are three basic types of hydrides: saline, metallic, and covalent. Saline hydrides, such as sodium hydride (NaH) and calcium hydride (CaH2 absorption technology to achieve supply-air temperatures as low as 14(0)F. Using 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 from the microturbine in this manner will dramatically increase system efficiency by reducing or eliminating energy costs for refrigeration refrigeration, process for drawing heat from substances to lower their temperature, often for purposes of preservation. Refrigeration in its modern, portable form also depends on insulating materials that are thin yet effective. . Absorption chilling is not new, but current technologies require much higher input temperatures to generate such low temperature outputs. The metal hydride concept pioneered by Japan Steel Works, combined with Capstone's microturbine expertise, will enable more effective system solutions. "Japan Steel Works is world-renowned for their leadership in metals technology, among many other fields," 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. "We believe that combining their technical expertise with ours will result in a highly effective and environmentally beneficial product." Japan Steel Works has been a leader in the development of metal hydrides -- hydrogen absorbing alloys -- and their application systems, to create refrigeration systems without the use of chlorofluorocarbons chlorofluorocarbons (klōr'əfl  r`əkär'bənz, klôr'–) (CFCs), organic compounds that contain carbon, chlorine, and fluorine atoms. (CFCs). Such chemical compounds are considered damaging to the ozone layer ozone layer or ozonosphere, region of the stratosphere containing relatively high concentrations of ozone, located at altitudes of 12–30 mi (19–48 km) above the earth's surface. that protects the Earth from solar radiation solar radiation,n the emission and diffusion of actinic rays from the sun. Overexposure may result in sunburn, keratosis, skin cancer, or lesions associated with photosensitivity. . A prototype system using this technology has already been constructed and tested in Japan. Pre-commercial testing will continue for the remainder of the year. Assuming all goes as planned, a production product should be on the market late next year. About Japan Steel Works Founded in 1907, Japan Steel Works (www.jsw.co.jp) is headquartered in Tokyo with three major manufacturing facilities in Muroran, Hiroshima and Yokohama, Japan. Japan Steel Works manufactures steel products, industrial machinery, defense equipment, and products ranging from large steel castings to gas turbine components, petrochemical compressors, plastic extrusion and molding products, deck cranes, train components, hydraulic equipment, printed circuit board, LCD panel production, food products, and waste material recycling, as well as comprehensive plant engineering services from planning and design to procurement, construction, operational training, and maintenance. About Capstone Turbine Corporation Capstone Turbine 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 ) 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 9's 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. 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. Editors Note: Photos available at: http://www.microturbine.com/whatsNew/download1.asp |
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