Capstone Received 3MW Order From Another Large Independent Oil & Gas Company Operating in the Eagle Ford Shale Play
CHATSWORTH, Calif., Dec. 21, 2011 (GLOBE NEWSWIRE) -- Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world's leading clean technology manufacturer of microturbine energy systems announced today that it received a three-megawatt order from another oil & gas producer in the Eagle Ford shale play.
Capstone continues its penetration of the North American shale gas market with another multiple megawatt order from a different Independent Oil & Gas producer in Eagle Ford. This marks the fourth major Independent Oil & Gas Producer to turn to the Capstone technology in the U.S. shale market.
Capstone distributor Horizon Power Systems (Pumps & Service), which secured the order with the new exploration and production company, expects the customer will continue to order additional C1000 Power Packages to meet their power generation needs in 2012 after the successful installation and commissioning of the first three systems scheduled to be completed in the next 90 days.
"It's great to get another significant oil and gas producer to adopt Capstone's cutting edge turbine technology," said Sam Henry, Horizon Power Systems (Pumps & Service) President. "They, like other Eagle Ford producers, are understanding the high reliability and low emission benefits of the Capstone family of products and the important role microturbines can play in ensuring around-the-clock energy production," added Henry.
The three C1000's will provide three megawatts of clean and green prime power to central processing facilities and metering stations at remote well sites in the Eagle Ford shale play. The microturbines, fueled by pipeline quality gas, will produce electricity to provide all power to the onsite equipment, including heaters, pump motors, circulation pumps and distribution panels.
"The adoption and deployment of Capstone microturbines continues to accelerate in the worldwide oil & gas markets," said Jim Crouse, Capstone's Executive Vice President of Sales and Marketing. "Specifically, we continue to see very strong order activity in Russia for associated gas applications and in the Marcellus and Eagle Ford shale plays here in the U.S.," added Crouse.
About Capstone Turbine Corporation
Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST) is the world's leading producer of low-emission microturbine systems, and was the first to market commercially viable microturbine energy products. Capstone Turbine has shipped over 6,000 Capstone MicroTurbine(R) systems to customers worldwide. These award-winning systems have logged millions of documented runtime operating hours. Capstone Turbine is a member of the U.S. Environmental Protection Agency's Combined Heat and Power Partnership, which is committed to improving the efficiency of the nation's energy infrastructure and reducing emissions of pollutants and greenhouse gases. A UL-Certified ISO 9001:2008 and ISO 14001:2004 certified company, Capstone is headquartered in the Los Angeles area with sales and/or service centers in the New York Metro Area, Mexico City, Nottingham, Shanghai and Singapore.
The Capstone Turbine Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6212
This press release contains "forward-looking statements," as that term is used in the federal securities laws, about the advantages of our products and use of our products. Forward-looking statements may be identified by words such as "expects," "objective," "intend," "targeted," "plan" and similar phrases. These forward-looking statements are subject to numerous assumptions, risks and uncertainties described in Capstone's filings with the Securities and Exchange Commission that may cause Capstone's actual results to be materially different from any future results expressed or implied in such statements. Capstone cautions readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Capstone undertakes no obligation, and specifically disclaims any 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.
"Capstone" and "Capstone MicroTurbine" are registered trademarks of Capstone Turbine Corporation. All other trademarks mentioned are the property of their respective owners.
http://www.capstoneturbine.com/news/story.asp?id=642
CONTACT: Capstone Turbine Corporation
Investor and investment media inquiries:
818-407-3628
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