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DAM-L First microturbines to Africa/LS (fwd)
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Date: Thu, 15 Mar 2001 10:20:07 -0800
To: irn-safrica@netvista.net
From: Lori Pottinger <lori@irn.org>
Subject: First microturbines to Africa/LS
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Microturbines are the most efficient engine in the world; they are
also good for "micropower" distributed energy solutions that don't
rely on national grids.
03/14 16:41 Capstone Delivering MicroTurbines to Nigeria; Signs Distribution
Capstone Delivering MicroTurbines to Nigeria; Signs Distribution
Agreement with Leading West African Engineering Firm
CHATSWORTH, Calif.--(BUSINESS
WIRE)--March 14, 2001--In announcing its first shipments to the
African
continent, Capstone Turbine Corp.
(www.microturbine.com)(Nasdaq:CPST) today revealed a formal
distribution
agreement with Totalsupport Ltd.
(www.totalsupportafrica.com) for Nigeria.
Totalsupport has already secured
purchase agreements in Nigeria from two of the world's leading
multinational
oil producers for delivery of 10
Capstone MicroTurbine(TM) power systems, five of which have arrived
and are
undergoing installation.
Totalsupport provides engineering and
logistics support to several blue-chip oil, oil service and
engineering
companies in west Africa. Their primary
market for the Capstone MicroTurbines will be in resource recovery
applications in which the systems will
use low-value wellhead gases to produce onsite electricity for
oilfield
facilities and nearby communities.
"The Capstone MicroTurbine provides
cleaner combustion of oilfield gases than any other gas-flaring or
incineration device. And it gives you
reliable electricity as a byproduct. It is an amazing win-win
solution that
replaces the expense of gas destruction
equipment with something that rapidly pays for itself," said
Totalsupport President Ubani Nkaginieme.
"In Nigeria, there is an abundance of
wellhead gas and a severe shortage of electricity," Nkaginieme said.
"We
see this system as being very well
suited to both grid-connected and stand-alone applications here in
Nigeria."
"New technology like the Capstone
MicroTurbine can be compared to telecommunications advances in
developing regions," said Dr. Ake
Almgren, president and chief executive officer of Capstone Turbine.
"Rather
than the massive investment of time and
money in running telephone wires, developing nations are choosing to
go directly to a cellular or wireless
telecommunications network. We see the Capstone MicroTurbine as a
similar enabling technology that would
allow communities, facilities and businesses to create 'micro-grids'
of
Capstone systems to directly serve
local power needs."
Compared with traditional reciprocating
engine generators, Capstone's 30- and 60-kilowatt microturbines are
designed to operate 5-10 times longer
between major service intervals and require no oil, lubricants or
coolants. The system has a single
moving assembly and operates on natural gas, propane, diesel,
kerosene,
methane and low/variable-grade gases
with heat content as low as 350 Btu/scf. It can also accept up to
seven
percent "sour" H2S gas, a corrosive gas
that damages conventional generator engines.
The system's digital power electronics
permit easy electronic linking of up to 20 systems into an up-to-1.2
megawatt array. One system in the array
acts as the master unit. Monitoring, diagnostics and adjustments to
all systems in the array are made
through the control panel on the master system or via a single modem
and
the company's Capstone Remote(TM)
Windows(R)-based dial-up software.
About Totalsupport
Founded in 1990 and composed
predominately of engineers and technicians, the expert staff of more
than 300
persons who comprise Totalsupport Ltd.
(www.totalsupportafrica.com) offer expertise and technical support in
oilfield and energy-related operations,
base power and standby power generation, and general logistics and
support services. The company is
committed to achieving zero downtime in a safe, smart and
cost-effective
manner. Taking a "mission-critical,
never go down" approach, Totalsupport believes leading technology
like the
Capstone MicroTurbine is an investment
in superior technique and ultimate savings to its clients.
About Capstone Turbine
Capstone Turbine Corp.
(www.microturbine.com)(Nasdaq:CPST) -- winner of Financial Times
Energy's
(www.ftenergy.com) 2000 Global Energy
Award for Most Innovative Commercial Technology -- is a leading
producer of low-emission microturbine
systems. In 1998, Capstone was the first to offer commercial power
products utilizing microturbine
technology, the result of more than 10 years of focused research.
Worldwide,
more than 1,000 commercial production
Capstone MicroTurbine systems serve, among others, the following
applications:
-- Hybrid electric vehicles (HEVs):
onboard generation
-- Resource recovery: converting
oilfield and biomass waste gases
into electricity
-- Micro-cogeneration: combined
heat/power/chilling solutions
-- The 9s market: power quality and reliability
Note to Editors: Information on the FT
Energy Award noted above is at
http://www.microturbine.com/whatsnew/pressrelease.asp?article=56.
High-resolution product photos
available at: http://www.microturbine.com/whatsnew.
This news release contains
"forward-looking statements," as that term is used in the federal
securities laws,
about Capstone's business, including
statements regarding enabling technologies or expected growth in
applications over the next several
years. You can find many of these statements by looking for words
such as
"believes," "expects," anticipates,"
"estimates," "we see" or similar expressions. These forward-looking
statements are subject to numerous
assumptions, risks and uncertainties that may cause Capstone's actual
results to be materially different from
any future results expressed or implied in such statements. These
risks
and uncertainties include those risks,
uncertainties, marketplace competitors and risk factors identified,
among
other places, under "Risk Factors" in
Capstone's registration statement on Form S-1, Securities and Exchange
Commission File No. 333-48524. Capstone
cautions you not to place undue reliance on these statements,
which speak only as of the date of this
release. Capstone undertakes no 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.
--30--slk/la* rj/la
CONTACT: Capstone Turbine Corp.
Keith Field, 818/734-5465
Carl Dameron, 310/442-0599 (General and
Investors)
or
Totalsupport
Ubani Nkaginieme, 011-234-84-57-1515
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: http://www.businesswire.com (c)
2000 Business Wire
--
::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::
Lori Pottinger, Director, Southern Africa Program,
and Editor, World Rivers Review
International Rivers Network <'})))>><
1847 Berkeley Way, Berkeley, California 94703, USA
Tel. (510) 848 1155 Fax (510) 848 1008
http://www.irn.org
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