Capstone's
C200 product development program is partially funded by UTC Power Corporation
which is providing $12.8 million in cash and in kind services in exchange
for a
10% royalty payment. "The new ultra clean, light weight, air bearing design
is
scheduled to commence commercial production in September 2008 with an initial
28
production slots available in calendar 2008 and another 110 slots for 2009,"
said Leigh Estus Capstone's Senior Vice President, Operations. "As of today
we
have firm orders for 42 units with approximately 29 of these orders requiring
2008 delivery dates," added Estus.
"Obviously,
I am extremely pleased with the success of our initial launch of the C200
and
C1000 product families," stated Darren Jamison, Capstone's President and
Chief
Executive Officer. "Capstone's engineering, procurement and manufacturing
teams
are currently looking at ways to increase our production and hope to make
available 20 additional production slots in calendar 2008 and increase 2009
slots from 110 to 160," added Jamison.
"The
amount of interest and inquiries we have received since we showcased the
C200
and C1000 products at PowerGen International last month has been encouraging,"
said Jim Crouse, Capstone Turbine Corporation's Executive Vice President
of
Sales and Marketing. "I believe this initial order activity demonstrates
the
market is looking for ultra-clean and highly reliable power generation solutions
in the 200kW to 2MW space," added Crouse.
This
new
family of microturbine-based products provides solutions in the 200kW, 600kW,
800kW and 1,000kW range in a single standard sized container. These new products
will provide all the low emissions and low maintenance benefits in a compact
footprint that will extend the application of Capstone microturbines into
the
multi-megawatts project size.
Other
key
features will include Capstone's patented air bearing, remote monitoring
and
diagnostic capabilities, and integrated utility synchronization and protection.
The small, modular design will allow for easy and low-cost installation.
Five
and nine year Capstone Factory Protection Plans are also available.
"It
is not
surprising that the majority of our early adopters of the C200 product family
are in Europe and Russia as these markets have historically supported new
environmentally superior products," added Jamison. "However, as I stated
previously, I believe this new product line will also have great applications
in
the United States and it reinforces our commitment to provide our customers
with
the best distributed generation products available," added Jamison.
About
Capstone Turbine
Capstone
Turbine Corporation (www.microturbine.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 4,000 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 9001:2000 certified company;
Capstone Turbine is headquartered in the Los Angeles area with sales and/or
service centers in New York, Mexico City, Milan, Bath, Shanghai and
Tokyo.
"Capstone
Turbine Corporation" and "Capstone MicroTurbine" are registered trademarks
of
Capstone Turbine Corporation. All other trademarks mentioned are the property
of
their respective owners.
This
press
release contains "forward-looking statements," as that term is used in the
federal securities laws, about new sales opportunities for Capstone globally
for
its new C200, C600, C800 and C1000 product line, new production capacity
and the
environmental and maintenance advantages 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.
Contact:
|
Capstone
Turbine Corporation Alice Barsoomian, 818-407-3628
|