posted
I'm looking for them to blow out earnings. They have the deal with United Technology, and the new deal with China. Should be great. Earnings will be out after the bell today, with conference call to follow at 4:30 ET.
Posts: 4381 | From: houston | Registered: Mar 2006
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Capstone Receives Another Substantial Order in the Oil & Gas Market Wednesday February 20, 4:00 pm ET
CHATSWORTH, Calif.--(BUSINESS WIRE)--Capstone Turbine Corporation (www.microturbine.com) (Nasdaq:CPST - News), the world’s leading clean technology manufacturer of microturbine energy systems, today announced that it has received an order for approximately $1.9 million from a multinational oil and gas company. The order is for Capstone’s C65 Class I Div 2 Microturbine systems for use in resource recovery applications on unmanned oil platforms.
“This order builds further momentum for us in the oil and gas market. The order is from a fully-integrated oil and gas corporation whose business encompasses the full spectrum of oil and gas operations in the areas of upstream oil and gas exploration and production to downstream oil refining, gas processing and liquefaction, gas transmission pipeline network operations, and petrochemical manufacturing and marketing, among others,” said Jim Crouse, Capstone’s Executive Vice President, Sales and Marketing.
“We are very pleased to receive this considerable order as it demonstrates the traction we are gaining in the oil and gas market,” said Darren Jamison, President and CEO of Capstone Turbine Corporation. “The oil and gas market is a major focus for Capstone as it leverages our value proposition of high reliability, long maintenance intervals and low total cost of ownership,” added Jamison.
Capstone offers an integrated microturbine package to meet the special requirements of offshore applications. This includes corrosion protection with a 316 stainless steel enclosure, optional Class I Division 2/NFPA 496 certification for use in hazardous areas, and UL listing. The Capstone offshore package includes an energy storage system to start the microturbine and provide momentary power during abrupt load changes. The result is highly regulated voltage and frequency regardless of load changes. These compact, self-sufficient systems are perfect for unmanned platforms and have onshore dispatch, monitoring and diagnostics capability.
Posts: 4381 | From: houston | Registered: Mar 2006
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Capstone Receives HEV Bus Order for $5 Million from DesignLine International
CHATSWORTH, Calif.--(BUSINESS WIRE)--
Capstone Turbine Corporation (www.microturbine.com) (NASDAQ:CPST), the world's leading clean technology manufacturer of microturbine energy systems, today announced that it received a 150 unit order for C30 Capstone MicroTurbines(R) to be deployed in ECOSaver IV hybrid electric buses manufactured by DesignLine International. This is the largest order to date for Capstone products in a Hybrid Electric Vehicle (HEV) application.
Headquartered in Charlotte, North Carolina, with manufacturing facilities in Charlotte and Ashburton, New Zealand, DesignLine was established in 1985 and produces high quality coaches, buses and specialty vehicles for the worldwide market with particular focus on its industry leading ECOSaver IV hybrid vehicle.
"This substantial order from our partner, DesignLine International, calls for shipments through June 2009 to their new plant in North Carolina," said Jim Crouse, Capstone's Executive Vice President of Sales and Marketing. "One of DesignLine's business goals is to work closely with its customers and encourage public transportation as an attractive option to private vehicles. Thus, the vehicles designed and built by DesignLine feature wide entry doors, super low floors, and spacious and comfortable interiors," added Crouse.
"We are very pleased with the success DesignLine has had in deploying our microturbines in their buses for a number of years. Hybrid electric buses, built by DesignLine and equipped with Capstone microturbines, have been operating in various parts of the world for approximately 10 years. In recent product demonstrations the ECOSaver IV hybrid buses when equipped with our turbine have seen up to a 100% improvement in fuel economy over a traditional diesel bus which equates to fuel savings of up to 6,000 gallons per year according to DesignLine," said Darren Jamison, President and Chief Executive Officer of Capstone Turbine Corporation. "In addition, as responsible members of the world community, DesignLine takes environmental preservation seriously. Therefore, they have been designing and manufacturing their buses for maximum fuel efficiency and the lowest possible emissions to make every effort to protect the environment including aluminum floors to remove the structurally weaker and environmentally harmful marine grade plywood," added Jamison.
"The foundation of our company's success is based on our innovative designs, cost competitiveness and the high quality of our products. Our vehicles are constructed with advanced extruded aluminum technology making them lightweight and very strong. The end result is the most fuel efficient vehicle available," said Brad C. Glosson, Chief Executive Officer of DesignLine International. "A new day has dawned on the transit industry where the status quo is no longer acceptable and we, as a global community, must respond to the demand for the most fuel efficient, lowest emission and most reliable transit solutions possible. The ECOSaver IV hybrids provide unparalleled performance in all of these key areas. To achieve the goal of being the most environmentally-friendly hybrid available, DesignLine searches tirelessly for partners like Capstone. We employ the Capstone microturbine because we are impressed with the overall performance, the incredible reduction in the carbon footprint, reliable products and innovative solutions. We look forward to expanding further our successful relationship with Capstone," added Glosson.
Capstone MicroTurbines(R) are the only turbine systems being sold in volume on urban transit vehicles. Three primary attributes make Capstone-energized systems almost maintenance-free:
-- A Single Moving Part - A single turbine/compressor shaft with integrated generator. -- Patented Air Bearings - The single moving part rides on a cushion of air. Consequently, Capstone MicroTurbines(R) never need oil or lubrication maintenance. -- Air Cooled - No radiator, water pump, thermostat, hoses, belts or external accessories.
DesignLine's ECOSaver IV hybrid electric buses feature innovative styling, exceptional ride quality with improved gas mileage and lower emissions. During zero emission mode the noise level is near zero and with the Capstone unit running the noise level is approximately 75% lower than a traditional diesel bus. DesignLine calculates a 40% reduction in overall lifecycle cost compared to a traditional diesel bus.
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.
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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posted
Over 400m market cap. Getting pricy for this young company. It may sell off a little.
Posts: 4381 | From: houston | Registered: Mar 2006
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