CHATSWORTH, Calif., April 16, 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 continues to expand its presence in the hospital market with the sale of a dual-mode C1000 Power Package to a Michigan hospital that will operate in a combined heat and power (CHP) application.
The C1000 will provide both prime and backup power to save energy and increase power reliability at the mission critical facility.
In prime power mode, the C1000 will use natural gas as fuel to provide an estimated 25 percent of the hospital's total power. The Power Package will generate electricity to offset the hospital's reliance on utility power, which will cut energy costs. Microturbine exhaust heat will create steam for facility heating, which makes the entire system extremely efficient. If the grid fails, the grid-connected C1000 will run independently to protect the hospital's critical loads by automatically kicking into stand-alone mode.
Capstone distributor BHP Energy secured the order and will commission the C1000 this fall.
"The hospital purchased the Capstone C1000 to anchor its CHP application," said David Blair, BHP Energy President. "We are using the C1000 as part of a mission critical power system designed to provide reliable, efficient power and steam to the hospital."
"For hospitals, power failure is not an option," said Jim Crouse, Capstone's Executive Vice President of Sales and Marketing. "Capstone dual-mode CHP microturbines not only deliver prime power and heating, they integrate backup power capabilities more reliably than other distributed generation sources. Dual-mode microturbines can automatically switch to stand-alone mode to carry critical loads."
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 6,500 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.
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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 CHP applications. 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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