Worldwide Marine Market
For Capstone's U.S. and European marine distributors, the potential global market for microturbines is significant, especially in the small and mid-size commercial ship category:
Approximately 90 percent of the merchant fleet is comprised of small and mid-size ships that operate within the Capstone power range.•
Today, approximately 63 commercial small and mid-size non-carrier ships are LNG fueled. In the next decade, it is expected 1,000 non-carrier vessels will be LNG fueled.•
The U.S. has more than 25,000 miles of navigable inland waterways, making it one of the most extensive marine transportation systems in the world.•
Roughly 554 million tons of waterborne cargo was transported along U.S. waterways in 2012, a volume equal to about 14% of all intercity freight, and valued at nearly $185 billion.
Capstone marine distributors that will target the marine market include: E-Finity Distributed Generation and RSP Systems along the Eastern U.S. seaboard, Horizon Power Systems in the Gulf Coast, Regatta Solutions along the U.S. West Coast and IBT Group and Pon Power in Europe.
"With over 2.5 billion tons of freight transported annually in the U.S. alone, this is a market that needs Capstone's innovation," said Darren Jamison, Capstone President and CEO. "Installing Capstone microturbines is a win-win for ship owners. The cost savings in reduced fuel and operational costs provide significant business benefits, while the low environmental impact is a vital, must-have element required by international governing organizations."
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 approximately 7,000 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'sCombined 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 environmental advantages and reliability of our products, the use of our products in the marine market, the potential for growth of the marine market and the advantages of our products over competing technologies. 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.
CONTACT: Capstone Turbine Corporation
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