Capstone Continues to Expand Reach in China Market
OREANDA-NEWS. April 25, 2013. Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq: CPST), the world's leading clean technology manufacturer of microturbine energy systems, continues to expand its reach into the Chinese market with the sale of multiple C30s, C65s and C200s that will be installed at various oil and gas sites.
The three orders, valued at more than USD1.3 million, are a significant milestone for Capstone's growth in China as they represent the first sales into the oil and gas market. Top-Well Petroleum Technologies, Capstone's oil and gas distributor in China, received the orders for the units from two Chinese oil and gas producers. The units, which are fueled by well-head gas, will generate reliable, low-emission electricity.
The clean-and-green onsite electricity produced by the Capstone C30s, C65s and C200s will power the production equipment. "With the difficulty and expense of bringing traditional power to the remote sites, the customerschose Capstone microturbines because of the high reliability and long maintenance intervals of our systems," said Darren Jamison, Capstone President and Chief Executive Officer. "Capstone microturbines are designed to efficiently convert well-head gas to electricity and outperform other options."
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