Capstone and MultiChill Announce Strategic Partnership to Deliver Air-Cooled Absorption Chillers and Water Making Systems

CHATSWORTH, Calif., December 9, 2015 (GLOBE NEWSWIRE) — Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world’s leading clean technology manufacturer of microturbine energy systems, today announced a strategic partnership with MultiChill Technologies, Inc. (“MultiChill”). The partnership will allow Capstone to deliver air-cooledabsorption chillers and water making systems to end-users in conjunction with its flagship C30 and C65microturbines.

MultiChill’s MultiGen system is available exclusively to Capstone customers for use in both new and existing projects and installations. The MultiGen system utilizes waste exhaust gas heat to provide cooling capabilities for combined cooling, heating and power (CCHP) applications, enabling Capstone’s C30 and C65microturbines to achieve up to 90 percent efficiency.Furthermore, an integrated water making system is able to capture water from the atmosphere, refrigeration or air conditioning and supply it to the end-user.

“We have over 50 MultiGen systems in the field to date,and about 54,000 operating hours in both commercial and residential applications,” said Wallie Ivison, CEO and Director at MultiChill. “We anticipate that these systems will greatly enhance the salability of Capstone microturbines as a multiple output system, air cooled with flexibility on what the cooling can be used for.”

According to MultiChill’s website(www.multichilltech.com), it is being projected that by the year 2030, global demand for water will be 40 percent higher than it is today. The worldwide demand for fresh water has nearly tripled over the last century and severe water shortages are imminent. This growing demandopens up countless opportunities for Capstone andMultiChill to address a rapidly approaching water crisiswith an innovative and cost-effective solution.

“MultiChill’s state-of-the-art water making and energy saving chiller technologies will provide our customers withan even cleaner and more efficient CCHP solution,” saidJim Crouse, Executive Vice President of Sales and Marketing at Capstone Turbine. “This is an excellentaddition to our product lineup, especially for developing regions, as we can now offer a complete solution involving electricity, heating, cooling and water production,” added Crouse.

An air-cooled, dual-fired MultiChill 5T absorption chiller iscurrently being showcased and demonstrated at the 2015 Power-Gen International show (booth #908) in Las Vegas.

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 8,500 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 certifiedcompany, Capstone is headquartered in the Los Angeles area with sales and/or service centers in the New York Metro Area, United Kingdom, Mexico City, 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. 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

Investor and investment media inquiries:

​​818-407-3628

​​ir@capstoneturbine.com

Capstone and MultiChill Announce Strategic Partnership to Deliver Air-Cooled Absorption Chillers and Water Making Systems

CHATSWORTH, Calif., December 9, 2015 (GLOBE NEWSWIRE) — Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world’s leading clean technology manufacturer of microturbine energy systems, today announced a strategic partnership with MultiChill Technologies, Inc. (“MultiChill”). The partnership will allow Capstone to deliver air-cooled absorption chillers and water making systems to end-users in conjunction with its flagship C30 and C65 microturbines.

MultiChill’s MultiGen system is available exclusively to Capstone customers for use in both new and existing projects and installations. The MultiGen system utilizes waste exhaust gas heat to provide cooling capabilities for combined cooling, heating and power (CCHP) applications, enabling Capstone’s C30 and C65 microturbines to achieve up to 90 percent efficiency. Furthermore, an integrated water making system is able to capture water from the atmosphere, refrigeration or air conditioning and supply it to the end-user.

“We have over 50 MultiGen systems in the field to date, and about 54,000 operating hours in both commercial and residential applications,” said Wallie Ivison, CEO and Director at MultiChill. “We anticipate that these systems will greatly enhance the salability of Capstone microturbines as a multiple output system, air cooled with flexibility on what the cooling can be used for.”

According to MultiChill’s website (www.multichilltech.com), it is being projected that by the year 2030, global demand for water will be 40 percent higher than it is today. The worldwide demand for fresh water has nearly tripled over the last century and severe water shortages are imminent. This growing demand opens up countless opportunities for Capstone and MultiChill to address a rapidly approaching water crisis with an innovative and cost-effective solution.

“MultiChill’s state-of-the-art water making and energy saving chiller technologies will provide our customers with an even cleaner and more efficient CCHP solution,” said Jim Crouse, Executive Vice President of Sales and Marketing at Capstone Turbine. “This is an excellent addition to our product lineup, especially for developing regions, as we can now offer a complete solution involving electricity, heating, cooling and water production,” added Crouse.

An air-cooled, dual-fired MultiChill 5T absorption chiller is currently being showcased and demonstrated at the 2015 Power-Gen International show (booth #908) in Las Vegas.

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 8,500 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, United Kingdom, Mexico City, Shanghai and Singapore.

Additional Information

Watch presentation video by MultiChill Technologies to Capstone Sales Representatives explaining the new CCHP and water system. 

 

 

Atmospheric Water Generation in the Outback of Queensland, Australia

A former Central West resident and Ambassador for the Bush Administration, Mr. John Anderson, recently introduced his business associate Mr. Wallie Ivison, CEO and Founder of World Environment Solutions to the drought ravaged communities of Longreach, Blackall, Tambo and his hometown Barcaldine. “Fresh on the back of Queensland Premier Cambell Newman’s visit to Longreach, I felt it was important for a company like World Environment Solutions to see first hand the extent of the dry circumstances that the Central West is in,” said Mr. Anderson. The cycles of rain and drought very much influence daily life and business choices of regional Queenslanders and World Environment Solutions products have an ability to enhance those choices Mr. Anderson said.

“The  water-making from the air technology developed and championed by World Environment Solutions is as simple as the principle our old kerosene fridges operated on when I was a kid in fencing camps and railway sidings in the 1960’s.” “Exchanging heat for cooling and chilling back then has given way to making water and cool air today,” Mr. Anderson said. World Environment Solutions has developed and patented the MultiGen system, which has the capacity to make water and cool air from the heat exhaust of existing diesel generators or gas turbines. The amount of cool air conditioned and water made is proportional to the amount of the exhaust heat and the relative humidity in the air making it of particular benefit to mining and resource company accommodation facilities.

“MultiGen has the capacity to make water in Alice Springs, Dubai or here in the Central West,” said Mr. Ivison. “We’ve recently installed a system at an educational facility in Wagga Wagga and are about to commission another in Albury.” “Both of those were new installations however the MultiGen approach can also build on existing diesel generators like we have running small communities here in Outback Queensland.” Mr. Ivison said that a smaller electric version of MultiGen are available for domestic use and would be sufficient to air-condition say a 200 m2 house as well as making sufficient water annually for a family of four. “If someone was looking to install a new ducted air-conditioning system in a house or commercial facility in say Longreach, then the opportunity to create and harvest water as a byproduct would be wise investment at this time and into the future,” said Mr Ivison.

World Environmental Solutions could supply a domestic drinking water-making product that could produce up to 25 liters per day of filtered drinking water sitting on the verandah or patio. “I’ve had one sitting on my deck for about eight years and my family of three have never had to drink or make tea from tap water,” Mr. Ivison said. “If 1200 residences in Longreach had one of these,” said Mr. Ivison,” residents could generate around 11 million liters of their own drinking water annually creating a significant saving in water treatment for Longreach Regional Council.”

A NOTE FROM THE COMPANY

“We are not suggesting people tear out existing AC systems and install these but we are simply pointing out that if you lived in the bush why not put in an AC system that makes water as well. We can’t fill the river but we can make enough for toilets and showers etc along with a small drinking fountain, and you would have the living aspect covered at least.

Most water is made in the evening when its cooler and water more dense.  I found in Barky that the yearly average Relative Humidity at 9 am was 52% meaning it was certainly more through the night. So a drinking fountain would make about 18 liters at 52 % RH…… still allot of water to drink and certainly would eliminate the need to have an evacuation plan as suggested by some councils…… beside where would they go and who would pay the bill etc.”

Wallie Ivison