Capstone Turbine Corporation (NASDAQ:CPST), a leading manufacturer of microturbine energy systems announced today that it has received an order for approximately $4.0M from BPC Energy Systems in Moscow, Russia for its new 200 kilowatts (kW) microturbine product.
In addition, Capstone announced that with this order it has effectively "sold out" of its planned initial calendar year 2008 production. The new 200kW offering was launched in September 2007 and the C1000 product family was released at the Power-Gen International trade show in New Orleans in December 2007.
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.
This new family of microturbine-based provides 200kW, 600kW, 800kW and 1,000kW in a single standard sized container.
About Capstone Turbine
Capstone Turbine Corporation is a leading producer of low-emission microturbine systems. Capstone Turbine says it has shipped over 4,000 Capstone MicroTurbine® systems to customers worldwide. 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.
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