Capstone Turbine secures large 4 MW oil, gas order.
Capstone Turbine announced a new 4 MW purchase order for a clean and green portable power oil and gas project in the United States. The new project, which is scheduled to ship during the first quarter of fiscal 2019, was secured utilizing the company's recently announced new bundled solutions sales program. The order consists of four natural gas-fueled C1000 Signature Series systems that will provide power to critical equipment at the wellhead to ensure continuous operation of the oilfield. Any loss of power at an oilfield significantly impacts the operator's business by halting the oil extraction process. This results in substantial financial losses for the operator. As part of Capstone's new bundled solutions program, these four microturbines come with a long-term Factory Protection Plan, or FPP, that covers all scheduled and unscheduled maintenance, providing fixed operating costs and peace of mind to the end-user. Under the terms of the new program, the equipment and long-term FPP service contract must be prepaid at the time of order thus improving the company's working capital and cash flow.
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|Date:||Apr 30, 2018|
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