Horizon Helps Presidium Launch Green Building Initiative

January 2014 — Presidium Group, LLC, a vertically integrated real estate investment and management firm, hosted a commissioning ceremony on January 29, 2014 for its recently installed Microturbine Combined Heat and Power (MCHP) technology. The technology was installed at Presidium’s East Dallas property, The Grove at White Rock.

Dallas dignitaries Texas House Representative Kenneth Sheets and County Judge Clay Jenkins joined Presidium for the ceremony, underscoring the importance of this pioneering technology. Both officials spoke about the significance of this installation for East Dallas and for the future of sustainability initiatives in Texas.

Presidium Group’s co-CEO John Griggs opened the event with a few remarks and highlighted the group’s portfolio-wide sustainability initiatives.

“Today’s event marks an important milestone for Presidium as we move to implement green building practices and renewable energy systems across all of our assets,” said Griggs. “As one of the first Microturbines to be installed at a multi-housing complex in Texas, Presidium Group is proud to be leading the way in implementing sustainable solutions.”

Attendance also comprised leaders from the Texas environmental community, including Rich Herweck, principal and CEO of RobustEnergy LLC; Lance Cantor, principal, RobustEnergy Metroplex; Beau Alan Follis, representative from Horizon Power Systems; and Dan Bullock, president of CleanDG Advisors and former director of the U.S. Department of Energy Gulf Coast Clean Energy Application Center.

“Horizon Power Systems is pleased to launch this partnership with Presidium,” said Sam Henry, president of Horizon Power Systems, the largest American distributor of Capstone Microturbines. “Presidium’s commitment to sustainability along with the high reliability and energy efficiency of the Capstone Microturbine technology is a winning combination for their properties and their communities.”

The new turbine will provide approximately 18% of the power demand of the property. In addition, it will produce excess heat, which will be utilized in the property’s hot water system. Presidium plans to install additional turbines and green energy solutions at this property.

MCHP systems can serve as an economic benefit for large energy users (i.e. apartment complexes and business centers) through lower energy costs as well as protection from volatile energy prices. MCHP technology can also protect the property from power outages through its onsite generation and dependability.

The technology benefits the environment by requiring less fuel to produce the same amount of energy and heat than would be used through traditional electric and hot water infrastructure.

Formally named Easton Hills, the Grove at White Rock is located at 10429 Lone Tree Lane off of Easton Road and Garland Road, near Dallas’ White Rock Lake area. The complex contains 282 units and is a newly renovated community.

About Presidium Group
Presidium Group, LLC owns and operates over 7,000 apartment units in Austin, Dallas, Houston, and San Antonio.

Its other affiliated companies include (i) Presidium Asset Solutions, which services over $350 million of participated bank debt and successfully resolved over $700 million of distressed debt in the last year, (ii) Presidium Property Management, which manages multifamily properties owned by Presidium Group as well by select third-party clients, (iii) Presidium Construction, LLC, which currently oversees in excess of $1OM of multifamily renovations and (iv) Presidium Energy, which, among other things, owns and manages over 2MW of energy from solar PV systems. For more information, visit www.presidiumre.com.

Horizon Receives Multiple Orders for Permian Basin Shale Play

January 2014 – Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world’s leading clean technology manufacturer of microturbine energy systems, announced today that it has received orders for two Capstone C1000s and an order for 25 Capstone C65 microturbines to be used for oil and gas production in the Permian Basin located beneath west Texas and southeastern New Mexico.

According to an October 2013 article in Investors Daily, the Permian Basin receives a fraction of the press coverage accorded the Bakken and Eagle Ford, but it has more production potential than these two shale formations combined. The Permian is not just a shale oil play, nor is it a recently developed basin. The Permian currently produces some 900,000 barrels per day of crude, about 12 percent of US oil production. Some analysts expect Permian production to more than double by 2018 to 2 million barrels per day — a level last reached during the 1970s. The Permian Basin is projected to still contain recoverable oil and natural gas resources exceeding what has already been produced. Industry experts estimate that, at current prices, more than $3 trillion worth of oil and more than $300 billion of natural gas are yet to be extracted. These projections dwarf the combined estimated reserves for the Bakken and Eagle Ford.

Horizon Power Systems secured the order for the two Capstone C1000 microturbines to be used by an independent oil and gas producer in the area. This marks Capstone’s first multiple megawatt project in the Permian Basin after previously installing multiple C30s and C65s at project sites in the region. The C1000s will replace unreliable grid service from the local utility and be used to power the client-owned electric grid. This small local grid will supply power to various well locations in addition to the field operations office. The site is expected to be commissioned in March.

Horizon Power Systems also ordered 25 Capstone C65 microturbines to expand operations for multiple existing clients in the Permian Basin. This repeat business demonstrates a high level of customer satisfaction with Capstone microturbines, helping to cement microturbine technology as a preferred option in the U.S. oil and gas industry.

Capstone microturbines were chosen due to their reduced maintenance costs, low exhaust emissions, and higher reliability than traditional engine based generation. The microturbines easily meet Tier 4 emission standards without requiring aftertreatment.

“The Permian Basin currently contributes about 14 percent of the nation’s overall oil and gas production,” said Sam Henry, Horizon Power Systems President. “Horizon is pleased to continue to expand our presence in this dynamic area. This sale – the first multiple megawatt Capstone microturbine installation in the Permian Basin – follows several other C65s and C30s already in place there. Low-emission, low-noise, and low-maintenance Capstone microturbines are the go-to solution for running onsite equipment and meeting customers’ power requirements in the Permian Basin.”

EPA CHP Partnership Recognizes Emission Savings

March 2013 – EPA Combined Heat and Power (CHP) Partnership recognizes Capstone’s 2012 avoided greenhouse gas emissions. In 2012, Capstone’s reported CHP projects avoided emissions of more than 316,000 metric tons – equal to the estimated generation of electricity used annually by 39,342 homes. The total avoided emissions for all reported Capstone Turbine Corporation CHP projects is estimated at more than 3 million metric tons of carbon dioxide, compared to conventional energy sources.

EPA established the CHP Partnership in 2001 to encourage cost-effective CHP projects in the United States. The Partnership is a voluntary program that promotes high-efficiency CHP technology to reduce the environmental impact of power generation.

As of May 2012, the Partnership has more than 400 partners dedicated to promoting and installing CHP.

SOURCE: Capstone Turbine Corporation

U.S. Oil & Gas Company Orders 30 C65s

February 2013 – Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world’s leading clean technology manufacturer of microturbine energy systems, today announced that it continues to expand its presence in the Eagle Ford Shale Play with another follow-on order for 30 C65 microturbines from a U.S.-based oil and gas exploration and production company.

The oil and gas exploration and production company’s operations are located primarily in the United States with natural-gas exploration and production onshore in the lower 48 states, onshore in Alaska, and offshore in the deep waters of the Gulf of Mexico. This latest order brings their total C65 fleet to approximately 150 microturbines. Most of the C65 units were purchased by the oil and gas producer’s production division and are utilized for lease automatic custody transfer (LACT) units. In addition, the company’s mid-stream division has previously purchased seven C600s and one C800 making the company one of the largest Capstone users in North America.

Capstone distributor Horizon Power Systems secured this follow-on order to support the exploration and production company’s growing power needs in the Eagle Ford shale play.

“These multiple follow-on orders indicate that Capstone microturbines are quickly becoming the chosen power system to meet the growing needs of major oil & gas exploration and production companies operating in North America,” said Sam Henry, Horizon Power Systems President. “This order proves we are making serious inroads in meeting the customer’s high-caliber power needs using Capstone’s innovative microturbine technology.”

Capstone continues its penetration of the North American oil and gas market with another substantial follow-on order from an existing end use oil and gas customer. “The oil and gas market continues to be our fastest growing market worldwide, and the repeat orders indicate our customers’ satisfaction with our clean and green power generation solutions,” said Jim Crouse, Capstone’s Executive Vice President of Sales and Marketing.

Global Upstream Oil & Gas Producer Gives 5MW Order

February 2013 – 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 5 MW follow-on order for a global upstream oil and gas producer. The five C1000 power packages will be installed in the Eagle Ford Shale play in Texas. This order increases this particular oil and gas producer’s total Capstone fleet to 10 MW in the Eagle Ford play.

Capstone distributor Horizon Power Systems secured both the initial order and this latest follow-on order for five megawatts.

“North American shale gas producers are continuing to adopt Capstone microturbines because they want the high reliability and low emission benefits of our products,” said Sam Henry, Horizon Power Systems President. “In addition, this customer is committed to conducting business safely, in a socially and environmentally responsible manner which is precisely what Capstone microturbines deliver.”

The Eagle Ford Shale is a hydrocarbon producing formation rich in oil and natural gas fields. The shale play area starts at the Texas-Mexico border in Webb and Maverick counties and extends 400 miles toward East Texas. The play is 50 miles wide and an average of 250 feet thick at a depth between 4,000 and 12,000 feet. The shale contains a high amount of carbonate which makes it brittle and easier to use hydraulic fracturing to produce the oil or gas. The oil reserves are estimated at 3 billion barrels with potential output of 420,000 barrels a day.

The microturbines will provide power for liquid processing plants and will be located at multiple central gathering plants. The microturbines, fueled by pipeline quality gas, will produce electricity to provide all power to the onsite equipment, including heaters, pump motors, compressors and distribution panels.

Capstone continues its penetration of the North American shale gas market with another substantial order from an existing customer. “The oil and gas market continues to be our fastest growing market worldwide,” said Jim Crouse, Capstone’s Executive Vice President of Sales and Marketing.

“Most of today’s global oil and gas companies operate in unique geographical, environmental and socially challenging areas in relatively isolated parts of the world. It is important that when they operate in these sensitive ecological areas near local communities they select the right state of the art equipment,” said Darren Jamison, Capstone’s President and Chief Executive Officer.

Major U.S. Shale Gas Adds 7MW

October 2012 – Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world’s leading clean technology manufacturer of microturbine energy systems, announced today that it received follow-on orders totaling approximately seven megawatts from a major oil and gas customer operating on shale gas.

Capstone continues its remarkable penetration of the North American shale gas market with another approximately seven megawatt order from an existing customer. The latest order is for eight C600, one C800 and 17 C65 units for installation at several remote central gathering sites in the Mid-West. This follow-on order was from the same super-major oil and gas producer that purchased two C600 and ten C65 Power Packages in June 2012. This latest order increases the producer’s fleet of Capstone microturbines to 38 systems of various sizes totaling 8.5 megawatts of reliable and low emission power generation.

Capstone distributor Horizon Power Systems secured both the initial order last June and this latest follow-on order for seven megawatts.

“North American shale gas producers are continuing to adopt Capstone microturbines because they want the high reliability and low emission benefits of our products,” said Sam Henry, Horizon Power Systems President. “They need the assurance of round-the-clock power at their sites and know that’s precisely what Capstone microturbines deliver.”

All 38 microturbine packages will provide clean and green prime power to central processing facilities and metering stations. The microturbines, fueled by pipeline quality gas, will produce electricity to provide all power to the onsite equipment, including heaters, pump motors, compressors and distribution panels.

“The oil and gas market continues to be our fastest growing market worldwide,” said Jim Crouse, Capstone’s Executive Vice President of Sales and Marketing. “From the Eagle Ford and Marcellus shale plays in the United States to the oil fields of Russia and Africa, Capstone microturbines are becoming the go-to power source for producers that want extremely reliable and low emission onsite power solutions.”

 

Follow-On Orders From North American Oil & Gas Producers

July 2012 – Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world’s leading clean technology manufacturer of microturbine energy systems, today announced that it received orders totaling two megawatts from two large North American oil and gas producers. One order is for a C1000 Power Package and the second order is for five C200 systems.

Capstone distributor Horizon Power Systems secured both orders. The C1000 Power Package is a follow-on order from an oil and gas producer for use in the Eagle Ford Shale Play in Texas. The second order for five C200 microturbines will provide one megawatt of prime power for a multi-use oil and gas pad in Alberta, Canada.

The C1000 follows the oil and gas producer’s purchase earlier this year of 12 microturbines that provide electricity for grid systems in the Eagle Ford Shale Play that power pump jacks for artificial lift. The C1000, which will power a central gas processing facility, will be installed and commissioned later this summer.

The five C200s purchased by the second leading oil and gas producer will be installed and commissioned in late August in Alberta, Canada. In addition to providing prime power for a multi-well pad, the C200s will power such ancillary equipment as coolers, motors, pumps, compressors, and lights.

“Capstone microturbines are quickly becoming the power-generation solution of choice for dozens of leading oil and gas producers throughout North America,” said Sam Henry, Horizon Power Systems President. “These orders illustrate the growing popularity of Capstone’s innovative technology to meet the tremendous demands of oil and gas producers.”

“These multiple follow-on orders continue to demonstrate that Capstone’s low-emission, durable, and highly-efficient microturbines are the preferred choice for around-the-clock production and optimized well site performance worldwide,” said Darren Jamison, Capstone’s President and Chief Executive Officer. “Capstone has secured approximately a dozen new oil and gas customers in North America in the last 20 months, and we expect to see continued growth in the North American oil and gas market,” added Jamison.

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 over 6,500 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, Mexico City, Nottingham, 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 products and continued growth in the oil and gas market. 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.

SOURCE: Capstone Turbine Corporation
Investor and investment media inquiries:
818-407-3628
ir@capstoneturbine.com

U.S. Oil & Gas Producer Orders 12 Units

June 2012 – Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world’s leading clean technology manufacturer of microturbine energy systems, announced today that it received an initial order for 12 microturbines totaling 1.9 megawatts from a large oil & gas producer headquartered in the Southern United States.

The new oil & gas customer’s initial order is for 2 C600 Power Packages and 10 C65 microturbines for installation at four remote production sites.

Capstone distributor Horizon Power Systems secured the order for the 12 microturbines, which will supply prime power at each central site. The microturbines are scheduled to be installed and commissioned later this summer.

“The customer selected Capstone microturbines because they want the high reliability and low emission benefits of our products,” said Bryan Hensley, Horizon Power Systems Executive Vice President. “They need the assurance of round-the-clock power at remote wellhead sites and know that’s precisely what Capstone microturbines deliver.”

All 12 microturbines will provide clean and green power to ESPs (Electrical Submersible Pumps) that help lift hydrocarbons from the formation. The microturbines, fueled by wellhead gas, will produce electricity to provide all power to the site.

“The oil & gas market continues to be our fastest growing market segment worldwide and accounted for 58% of total revenue last year,” said Darren Jamison, Capstone’s President and Chief Executive Officer. “Capstone is quickly becoming a preferred solution for the United States shale plays and Russian associated gas markets,” added Jamison.

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 over 6,500 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, Mexico City, Nottingham, 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 products and growth of the oil and gas market. 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.

SOURCE: Capstone Turbine Corporation

Eagle Ford Shale Play Order for 30 C65s

April 2012 – Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world’s leading clean technology manufacturer of microturbine energy systems, today announced it continues to expand its presence in the Eagle Ford Shale Play with the sale of 30 more C65 microturbines.

Capstone distributor Horizon Power Systems (Pumps & Service) secured this follow-on order to support multiple users’ growing power needs. The latest order for 30 low-emission C65 microturbines brings the total sold in excess of 150 units in the last nine months.

The majority of the 150 microturbines will operate on natural gas to generate clean-and-green prime power for Lease Automatic Custody Transfer (LACT) units and transfer stations at remote well sites in the Eagle Ford Shale Play.

“These multiple follow-on orders indicate that Capstone microturbines are quickly becoming the chosen power system to meet growing needs of major oil & gas producers operating in the Eagle Ford Shale Play,” said Sam Henry, Horizon Power Systems President. “This order, along with the recent 10 MW order for C1000 Series products, proves we are making serious inroads in meeting the customer’s high-caliber power needs with Capstone innovative technology.”

“Just like the North American shale gas market, Capstone oil & gas sales are expanding rapidly and made up approximately 60% of Capstone’s total revenue through the first three quarters of Fiscal 2012,” said Darren Jamison, Capstone’s President and Chief Executive Officer. “From the remote oil fields of Russia to the Shale Plays of Texas, Capstone’s durable, low-emission, and highly-efficient microturbines are becoming a proven solution for around-the-clock production and optimized well performance worldwide, ” added Jamison.

Additional 10MW for Eagle Ford Shale Play

April 2012 – Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world’s leading clean technology manufacturer of microturbine energy systems, announced today that it received orders totaling approximately 10 megawatts from two oil and gas producers in the Eagle Ford shale play.

Capstone continues its penetration of the North American shale gas market with two more large multiple megawatt orders – one from a new customer that ordered five C1000 Power Packages for five separate remote central gathering sites and a second from a producer with multiple Capstone microturbines already in the field. This latest follow-on order includes seven C600 and one C800 Power Packages.

Capstone distributor Horizon Power Systems secured the two large orders the first week of April for the 13 Power Packages, which will supply prime power at each central gathering site. All 13 of the Power Packages are scheduled to be installed and commissioned in the next three months.

“These Eagle Ford producers are continuing to adopt the Capstone microturbines because they want the high reliability and low emission benefits of our products,” said Sam Henry, Horizon Power Systems President. “They need the assurance of round-the-clock power at remote wellhead sites and know that’s precisely what Capstone microturbines deliver.”

All 13 C1000 series microturbine packages will provide clean and green prime power to central processing facilities and metering stations. The microturbines, fueled by pipeline quality gas, will produce electricity to provide all power to the onsite equipment, including heaters, pump motors, compressors and distribution panels.

“The oil and gas market continues to be our fastest growing market worldwide,” said Jim Crouse, Capstone’s Executive Vice President of Sales and Marketing. “From the Eagle Ford and Marcellus shale plays in the United States to the oil fields of Russia and Africa, Capstone Microturbines are becoming the go-to power source for producers that want extremely reliable and low emission onsite power solutions.”