Apr 10 2008
Capstone Turbine Corporation, the world's leading clean technology manufacturer of microturbine energy systems, announced today that it has received an order valued at $2.03 million from Samsung C+T Corporation, its distributor in South Korea. The order is for Capstone's C65, C65 Combined Heat & Power (CHP) and Resource Recovery biogas MicroTurbine® systems.
Samsung C&T Corporation, the origin of the Samsung Group, is renowned for a vast range of business activities and is also engaged in energy services management for commercial and industrial customers throughout South Korea. Previous Capstone microturbines shipped to Samsung have been installed in CHP and resource recovery applications.
Since its founding in 1938, Samsung's management philosophy has been to devote human resources and technology to create superior products and services, thereby contributing to a better global society. Samsung is actively involved in community activities and in developing environmentally friendly products and related technologies. Several environmental preservation programs exist at Samsung establishments around the world.
“This order builds further momentum for us in Asia,” said Jim Crouse, Capstone's Executive Vice President, Sales and Marketing. “Capstone is pleased to be partnered with Samsung which is a tremendous brand and a world-class business,” added Crouse.
“South Korea is among the world's most technologically and scientifically advanced nations and continues to enjoy a growing economy,” said Darren Jamison, President and CEO of Capstone Turbine Corporation. “Thus, we are very pleased that after much evaluation, Samsung C&T Corporation continues to distribute and install Capstone microturbines,” added Jamison.
“We have installed Capstone microturbines in previous applications and we have been impressed by the systems' fuel efficiency, reliability and environmental advantages,” said Mr. Y.K. Choi, Vice President of Samsung C&T Corporation. “Capstone Turbine Corporation continues to be the leader in this technology and we look forward to our continued working relationship in the future,” added Mr. Steve Cho, Samsung's General Manager.