CHATSWORTH, Calif., March 17, 2014 (GLOBE NEWSWIRE) -- Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world's leading clean technology manufacturer of microturbine energy systems, announced today its first order out of the United Kingdom for a C200 natural gas microturbine to be installed at a Royal Air Force base.
Turner Engine Powered Services, Capstone's UK distributor, secured the order after a tough competitive tendering situation. The C200 Natural Gas fueled microturbine is coupled with an integrated heat exchanger. The Royal Air Force base is home to the RAF's Strategic and Tactical Air Transport (AT) and Air-to-Air Refueling (AAR) forces, as well as host to lodger and reserve units.
The microturbine will be used in a CHP (Combined Heat and Power) district heating application with the electricity generated being connected into the Junior Ranks Mess. During the summer the microturbine will operate in isolation and provide all of the thermal output to cover the hot water requirement via the district heating system to six accommodation blocks and a rugby club. By utilizing the heat generated from the microturbine, they will no longer need to run the electric immersion heaters in each accommodation block throughout the summer. During the winter the microturbine will be the lead heat source and the two current 1.4MW boilers will provide additional input to provide the necessary heating. The estimated payback time for this project is less than 3.5 years.
Business Development Manager of Turner EPS, Gary Peacock, stated, "The Turner Group has a long history and great deal of experience supporting the UK's Armed Forces both in its permanent establishments and on deployed overseas military operations, and it is great to secure the first order for microturbine technology against the traditionally preferred choice of diesel engines in the defence industry. This technology will deliver substantial improvements in the Station's overall energy efficiency and reduce their operating expenses."
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 approximately 7,000 Capstone Microturbine 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, United Kingdom Mexico City, Shanghai and Singapore.
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This press release contains "forward-looking statements," as that term is used in the federal securities laws, about advantages over competing technologies, increased energy efficiency and reduced operating expenses. 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.
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