CPST had news this morning ----------- Capstone
Post# of 29744
Posted On: 01/27/2015 2:45:05 PM
CPST had news this morning
Capstone to Provide Heat and Power to Syracuse VA Medical Center with Eight C65 Microturbines
Source: GlobeNewswire Inc.
Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world's leading clean technology manufacturer of microturbine energy systems, announced today that it recently received an order for eight C65 microturbines to upgrade the Syracuse VA Medical Center (VAMC) in Syracuse, New York.
GEM Energy, Capstone's distributor in New York, secured the order. The Albany office of CHA Companies is managing the design of the power plant, which has been commissioned by the Department of Veteran Affairs. Additionally, this is the second order from a major New York health treatment facility within the past two months.
The Syracuse VAMC chose clean-and-green Capstone microturbines to improve their energy efficiency and grid reliability, as well as reduce utility energy consumption. The eight natural gas powered microturbines will be used in an integrated combined heat and power (ICHP) application to produce 520kW of electricity and hot water for the medical center. With project constraints around available space for the CHP plant, Capstone's microturbines were a perfect fit with the least amount of noise and vibration.
Capstone microturbines meet the strictest worldwide emissions standards and are ideal for mission critical businesses looking to utilize uncontaminated exhaust heat for cogeneration. The microturbine system will provide the Syracuse VAMC a solid economic return while reducing its carbon footprint and minimizing regular maintenance.
"Hospitals are ideal applications for combined heat and power systems since they require heat and electricity on a continuous basis. The Capstone microturbines provide improved efficiency and the added reliability and certainty needed for these facilities," said Hussein Shousher, President of GEM Energy. "Capstone microturbines are the preferred combined heat and power solution for hospitals like the VAMC in Syracuse, and we have recently completed installations for other hospitals in New York, Ohio and Michigan," added Shousher.
"Critical power supply facilities like hospitals and medical centers require reliable power every day of the year," said Jim Crouse, Executive Vice President of Sales and Marketing at Capstone Turbine. "Capstone installed its first units at a Kaiser facility in 2003, and an increasing number of hospitals and healthcare facilities around the globe are selecting Capstone products to provide power generation solutions that are not only reliable but also cost-effective in today's more competitive and cost-conscious healthcare environment," added Crouse.
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 approximately 8,000 Capstone Microturbine 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, United Kingdom, Mexico City, Shanghai and Singapore.
The Capstone Turbine Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6212
This press release contains "forward-looking statements," as that term is used in the federal securities laws, about the advantages of our CHP applications and use of our products in the healthcare industry. 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.
"Capstone" and "Capstone MicroTurbine" are registered trademarks of Capstone Turbine Corporation. All other trademarks mentioned are the property of their respective owners.
CONTACT: Capstone Turbine Corporation
Investor and investment media inquiries:
818-407-3628
ir@capstoneturbine.com
company logo
Capstone to Provide Heat and Power to Syracuse VA Medical Center with Eight C65 Microturbines
Source: GlobeNewswire Inc.
Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world's leading clean technology manufacturer of microturbine energy systems, announced today that it recently received an order for eight C65 microturbines to upgrade the Syracuse VA Medical Center (VAMC) in Syracuse, New York.
GEM Energy, Capstone's distributor in New York, secured the order. The Albany office of CHA Companies is managing the design of the power plant, which has been commissioned by the Department of Veteran Affairs. Additionally, this is the second order from a major New York health treatment facility within the past two months.
The Syracuse VAMC chose clean-and-green Capstone microturbines to improve their energy efficiency and grid reliability, as well as reduce utility energy consumption. The eight natural gas powered microturbines will be used in an integrated combined heat and power (ICHP) application to produce 520kW of electricity and hot water for the medical center. With project constraints around available space for the CHP plant, Capstone's microturbines were a perfect fit with the least amount of noise and vibration.
Capstone microturbines meet the strictest worldwide emissions standards and are ideal for mission critical businesses looking to utilize uncontaminated exhaust heat for cogeneration. The microturbine system will provide the Syracuse VAMC a solid economic return while reducing its carbon footprint and minimizing regular maintenance.
"Hospitals are ideal applications for combined heat and power systems since they require heat and electricity on a continuous basis. The Capstone microturbines provide improved efficiency and the added reliability and certainty needed for these facilities," said Hussein Shousher, President of GEM Energy. "Capstone microturbines are the preferred combined heat and power solution for hospitals like the VAMC in Syracuse, and we have recently completed installations for other hospitals in New York, Ohio and Michigan," added Shousher.
"Critical power supply facilities like hospitals and medical centers require reliable power every day of the year," said Jim Crouse, Executive Vice President of Sales and Marketing at Capstone Turbine. "Capstone installed its first units at a Kaiser facility in 2003, and an increasing number of hospitals and healthcare facilities around the globe are selecting Capstone products to provide power generation solutions that are not only reliable but also cost-effective in today's more competitive and cost-conscious healthcare environment," added Crouse.
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 approximately 8,000 Capstone Microturbine 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, United Kingdom, Mexico City, Shanghai and Singapore.
The Capstone Turbine Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6212
This press release contains "forward-looking statements," as that term is used in the federal securities laws, about the advantages of our CHP applications and use of our products in the healthcare industry. 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.
"Capstone" and "Capstone MicroTurbine" are registered trademarks of Capstone Turbine Corporation. All other trademarks mentioned are the property of their respective owners.
CONTACT: Capstone Turbine Corporation
Investor and investment media inquiries:
818-407-3628
ir@capstoneturbine.com
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