CHATSWORTH, Calif., Jan. 06, 2016 (GLOBE NEWSWIRE) -- Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world's leading clean technology manufacturer of microturbine energy systems, announced today that it received an order for multiple C1000 Signature Series microturbine packages totaling 3.2 Megawatts.
E-Finity Distributed Generation, Capstone's distributor for the Mid-Atlantic and Southeastern United States, secured the order, which is expected to ship over the next two fiscal quarters. The fleet of microturbines in E-Finity's territory has grown substantially in recent years to more than 400 units in both energy efficiency applications and oil and gas operations.
"I am pleased to see such strong demand for the new Signature Series microturbine we recently launched at PowerGen International in Las Vegas," said Darren Jamison, Capstone's President and Chief Executive Officer. "We anticipate shipping the first Signature Series packages starting in mid-February," added Mr. Jamison.
"The continued natural gas infrastructure build-out in the Mid-Atlantic region is driving a shift from centralized utility power to energy-efficient CHP systems. We expect to see significant market growth over the next several years in the decentralized commercial and industrial CHP space," said Jeff Beiter, E-Finity's Managing Partner.
"The expansion of our global distribution sales team has strengthened our position in key market verticals and geographies," said Jim Crouse, Executive Vice President of Sales and Marketing at Capstone Turbine. "These orders are proof of the growing acceptance of our technology as the preferred alternative to the local utility grid," added Mr. Crouse.
This press release contains "forward-looking statements," as that term is used in the federal securities laws, about growth of key markets and the advantages of our Signature Series product. 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.