Shares of Capstone Turbine Corporation (CPST) hit a new 52-week high of $2.52 Thursday after this maker of low-emission microturbine systems announced a $5 million order from DesignLine International. Based in Charlotte, North Carolina, DesignLine – which produces coaches, buses and specialty vehicles – ordered 150 units of C30 Capstone MicroTurbines to be deployed in its hybrid electric buses. The order is the largest to date for Capstone products in a hybrid electric vehicle application.
“We are very pleased with the success DesignLine has had in deploying our microturbines in their buses for a number of years,” Capstone Chief Executive Darren Jamison said. “Hybrid electric buses, built by DesignLine and equipped with Capstone microturbines, have been operating in various parts of the world for approximately 10 years. In recent product demonstrations the ECOSaver IV hybrid buses when equipped with our turbine have seen up to a 100% improvement in fuel economy over a traditional diesel bus which equates to fuel savings of up to 6,000 gallons per year according to DesignLine.”
Capstone MicroTurbines are the only turbine systems being sold in volume for use in urban transit vehicles. The systems are almost maintenance-free due to their patented air bearings, single moving parts, and air-cooled components.
Los Angeles-based Capstone was founded in 1988. The company has sales and/or service centers in New York, Mexico City, Milan, Bath, Shanghai and Tokyo.
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