option chains Advertisement Fidelity
Home > Boards > US Listed > Alternative Energy > Capstone Turbine (CPST)

Capstone Receives Order for First C1000 from Oil

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
gra8ful Member Profile
Followed By 3
Posts 215
Boards Moderated 0
Alias Born 02/02/12
160x600 placeholder
Capstone Turbine, E-Finity and Phoenix Contact Celebrate Earth Day With a Wire Cutting Ceremony at a Newly Installed C1000 CC... "GlobeNewswire Inc." - 4/23/2014 8:30:00 AM
Capstone Applauds the Introduction of American Microturbine Manufacturing and Clean Energy Deployment Act - H.R. 4428 "GlobeNewswire Inc." - 4/11/2014 8:30:00 AM
Capstone Receives Orders From Taiwanese Distributor for Palm Oil Processing Plants "GlobeNewswire Inc." - 4/2/2014 8:30:00 AM
Morning Analysis on Top Gainers -- Research on Teva Pharmaceutical Industries, Capstone Turbine, Cigna, and Galena Biopharma "PR Newswire (US)" - 4/1/2014 9:29:00 AM
Capstone Turbine Corporation Analyst Report by BrokerBank Securities, Inc. "PR Newswire (US)" - 3/24/2014 7:00:00 AM
Capstone Turbine Receives 2013 Emissions Reduction Certificate From the US EPA Combined Heat and Power Partnership "GlobeNewswire Inc." - 3/20/2014 8:30:00 AM
Capstone Receives Orders for Approximately Four Megawatts From E-Finity for Multiple Oil and Gas Customers "GlobeNewswire Inc." - 3/18/2014 8:30:00 AM
Capstone Receives First C200 Order in United Kingdom for Royal Air Force Base "GlobeNewswire Inc." - 3/17/2014 8:30:00 AM
Capstone Receives Follow-on Orders for Fifty C65s From Horizon Power Systems for Multiple U.S. Oil and Gas Customers "GlobeNewswire Inc." - 3/12/2014 8:30:00 AM
New Contracts, Orders, and Financial Results - Analyst Notes on JinkoSolar, Ballard, EnerSys, GrafTech, and Capstone "PR Newswire (US)" - 3/7/2014 8:00:00 AM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 3/5/2014 5:42:07 PM
Market Update- Top Gainers: GT Advanced Technologies, E-Commerce China Dangdang, Capstone Turbine, MBIA and Trina Solar "PR Newswire (US)" - 3/5/2014 9:54:00 AM
Capstone Receives Two Orders Totaling 2.6MW From Regatta Solutions for Prominent Southern California Hospitals "GlobeNewswire Inc." - 3/4/2014 8:30:00 AM
Statement of Ownership (sc 13g) "Edgar (US Regulatory)" - 2/12/2014 4:17:00 PM
Amended Statement of Ownership (sc 13g/a) "Edgar (US Regulatory)" - 2/11/2014 3:10:02 PM
Quarterly Report (10-q) "Edgar (US Regulatory)" - 2/10/2014 4:22:15 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 2/10/2014 4:16:33 PM
Capstone Turbine Announces Third Quarter Fiscal Year 2014 Operating Results "GlobeNewswire Inc." - 2/10/2014 4:15:00 PM
Capstone Turbine to Announce Third Quarter Fiscal Year 2014 Results on February 10, 2014 "GlobeNewswire Inc." - 1/27/2014 8:30:00 AM
Capstone Receives Multiple Orders for Customers in the Permian Basin Shale Play "GlobeNewswire Inc." - 1/17/2014 8:30:00 AM
Capstone Receives Orders for Two C600s From Italian Distributor for Food Manufacturing Plants "GlobeNewswire Inc." - 1/13/2014 8:30:00 AM
Capstone Receives Multiple Orders Totaling 6.4MW from E-Finity for Marcellus and Utica Shale Plays "GlobeNewswire Inc." - 1/9/2014 8:30:00 AM
Capstone Secures 1MW Order From Regatta Solutions for CCHP Installation at Hawaiian Resort "GlobeNewswire Inc." - 1/7/2014 8:30:00 AM
Capstone Further Penetrates the Oil and Gas Market in Russia With Two Orders Totaling 24MW "GlobeNewswire Inc." - 1/6/2014 8:30:00 AM
Capstone Further Penetrates Pharmaceutical Market With 2MW Combined Heat and Power Application in Northern California "GlobeNewswire Inc." - 12/17/2013 8:30:00 AM
gra8ful   Monday, 02/27/12 08:37:57 AM
Re: None
Post # of 19304 

Capstone Receives Order for First C1000 from Oil & Gas Producer Operating in Southern California

CHATSWORTH, Calif., Feb. 27, 2012 (GLOBE NEWSWIRE) -- Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world's leading clean technology manufacturer of microturbine energy systems, today announced it received an order for the first C1000 Power Package from an oil & gas producer in Southern California.

The C1000, sold by Capstone distributor Regatta Solutions, based in San Juan Capistrano, Calif., will be commissioned this spring in a combined heat and power (CHP) application to save operating and maintenance costs and avoid flaring, one of the most challenging energy and environmental problems today at oil & gas sites and landfills.

Rather than flare the waste gas, a byproduct from the drilling process, the C1000 will use the associated gas as fuel to generate low-emission electricity onsite to power the plant's pumps and infrastructure systems. The microturbine exhaust will heat water for the free-water knockout process—or three phase separator process—to separate gas, oil, and water.

"This order confirms our client's confidence in Capstone's full line of ultra low-emission microturbines," said Steve Acevedo, Regatta Solutions President. "Oil & gas producers across the country have demanding power needs and Capstone microturbines of all sizes meet these requirements with the added benefit of environmental efficiency."

"Nearly 150 billion cubic meters of natural gas are flared in the atmosphere annually," said Jim Crouse, Capstone's Executive Vice President of Sales and Marketing. "Flaring is a waste of natural resources and creates 400 million metric tons of CO2 equivalent global greenhouse gas emissions, which has a significant impact on the environment, not to mention the associated health issues. Capstone microturbines use associated gas to generate low-emission power, which eradicates flaring and enables producers to utilize otherwise wasted gas for production."

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 in the oil & gas market. 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.

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
Current Price
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist