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Capstone Receives 5MW Follow-On Order From Genalta Power Inc. In Canada

Stocks in this article: CPST

CHATSWORTH, Calif., Sept. 25, 2012 (GLOBE NEWSWIRE) -- Capstone Turbine Corporation ( www.capstoneturbine.com) (Nasdaq:CPST), the world's leading clean-technology manufacturer of microturbine energy systems, today announced that it received a follow-on order for five C1000 Power Packages from Genalta Power Inc. in Canada. The initial order from Genalta Power was for three C1000 Power Packages in September 2011.

Genalta Power is a privately held Canadian corporation that develops, owns, and operates independent power plants that produce environmentally friendly electricity from waste energy sources.

The five Capstone C1000s will be installed at two of Genalta client's natural gas processing plants and will be fueled by natural gas captured from oil and gas flares. Today, a number of refineries, landfills, and wastewater treatment plants flare waste gas into the atmosphere, which increases CO 2 gas emissions and global warming. Capstone microturbines are an ideal solution since they use the waste gas to produce reliable and clean renewable energy onsite.

"Genalta is committed to transforming waste heat, waste fuel gas, and waste pressure into power that can be used at client sites or sold back to the grid," said Graham Illingworth, Genalta CEO. "Capstone microturbines offer a good power solution for these types of renewable energy applications, and we are pleased to be expanding our fleet of Capstone turbines from 3MW to 8MW."

"Capstone is honored to receive this significant follow-on order from an innovative and forward looking company like Genalta Power," said Darren Jamison, Capstone's President and Chief Executive Officer. "Similar to the approach in Russia, Canada has enacted strict regulations to reduce gas flaring among various industries. Capstone microturbines are playing a key role in helping customers meet those new flare gas regulations and provide clean and reliable energy."

Jim Crouse, Capstone's Executive Vice President of Sales and Marketing, added, "This follow-on sale points to Capstone's opportunity to expand significantly our established presence in the Canadian oil and gas industry. Capstone and its distribution partners are developing considerable experience and strong relationships with oil and gas producers throughout the world."

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