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Capstone Turbine Secures Follow-On Order for Additional Sections of the Los Ramones Pipeline Project in Mexico

CHATSWORTH, Calif., Feb. 10, 2015 (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 a follow-on order for five C800 microturbines for another phase of the Los Ramones pipeline project in Northeastern Mexico.
pipeline Los Ramos1_0

In addition to this order, Industrias Energetícas, Capstone’s distributor in Mexico, secured the initial order for the pipeline project in December 2014, which consisted of six C800 microturbines and sixteen C30 microturbines.
Considered to be the backbone of Mexico’s natural gas system, the Los Ramones pipeline project is part of the Mexican Energy Reform, designed to improve the gas supply in the central part of the country. The first phase of the pipeline will be approximately 114 km in length and provide a capacity of 2,100 MM
cfd, and the second phase will be approximately 740 km in length with a capacity of 1,430 MMcfd.

Five C800 high-pressure natural gas microturbines will supply power to two compression stations. The microturbines will act as the primary energy source for these remote sites and require minimal maintenance. This ensures a steady and reliable flow of power to the stations while keeping emissions low. Capstone microturbines align perfectly with the needs of oil and gas producers and can be used in all phases of production including upstream, midstream, and downstream operations in both onshore and offshore applications.

“With a free-market energy policy in place, natural gas development in Mexico is poised for substantial growth,” said Juan Carlos Hernandez, President of Industrias Energetícas. “Capstone microturbines were the clear choice for providing power to this multi-billion dollar project where reliability is critical,” added Hernandez.

“The follow-on order helps to further solidify Capstone microturbines as a preferred solution for oil and gas producers,” said Darren Jamison, President and Chief Executive Officer of Capstone Turbine. “As I outlined in our February 5, 2015 earnings call, Mexico is becoming a significant market for Capstone products as a result of the Mexican Energy Reform. I also outlined on the call how I believed that Capstone’s previous awards positioned us well for the future phases of the project,” added Jamison.

Information on Capstone Turbine, as well as the original press release, are available at the Capstone Turbine website.