New York Real Estate Journal

Capstone Turbine executes national account agreement with OfficePower

July 14, 2008 - Brokerage
Capstone Turbine Corp., one of the world's leading clean technology manufacturers of microturbine energy systems, has entered into a three-year national account agreement with OfficePower, Inc. In addition, OfficePower placed its initial order under the agreement for $3.5 million including the first order for C1000 MicroTurbine systems to be deployed in the U.S. market. The C1000s will be installed in the following class A office buildings: * 200 Park Ave., a 58-story multi-tenant office building; * 220 East 42nd St., also known as "The News Building," a 37-story multi-tenant office building; and * 230 Park Ave., a 34-story multi-tenant building located between 45th and 46th Sts. known as the Helmsley Building. "We are pleased to have entered into a national account agreement with OfficePower and, in particular, receiving the first order for our C1000 systems in the U.S. market," said Jim Crouse, Capstone's executive VP, sales and marketing. "OfficePower has a proven track record of successfully designing, installing and operating high efficiency distributed generated solutions in class A office buildings," said Darren Jamison, president and CEO of Capstone Turbine Corp. Every installed C1000 Capstone microturbine solution is equivalent to removing up to 700 average U.S. passenger vehicles from the road, based on EPA emissions and efficiency data for the average passenger vehicle, or the equivalent of planting 730 acres of pine and fir forest, based on CO2 reductions. Capstone Turbine Corp. is one of the world's leading producers of low-emission microturbine systems, and was the first to market commercially viable microturbine energy products. Capstone Turbine has shipped over 4,000 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'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 9001:2000 and ISO 14001:2004 certified company; Capstone Turbine is headquartered in the Los Angeles area with sales and/or service centers in New York, Mexico City, Milan, Bath, Shanghai and Tokyo.