Frank’s International N.V. to Participate in Upcoming Investor Conference

HOUSTON, June 22, 2017 (GLOBE NEWSWIRE) — Frank’s International N.V. (NYSE:FI) (the “Company”) announced today that the Company will participate in the following upcoming investor conference.

  • Douglas Stephens, President and Chief Executive Officer, will hold one-on-one meetings and present at 11:20 AM ET at the J.P. Morgan Energy Equity Investor Conference in New York, New York, on Wednesday, June 28, 2017.

The Company’s presentation and webcast can be accessed on the Investor Relations’ section of the Company’s website, www.franksinternational.com.

About Frank’s International

Frank’s International N.V. is a global oil services company that provides a broad and comprehensive range of highly engineered tubular running services, tubular fabrication, and specialty well construction and well intervention solutions with a focus on complex and technically demanding wells. Founded in 1938, Frank’s has approximately 3,000 employees and provides services to leading exploration and production companies in both onshore and offshore environments in approximately 60 countries on six continents. The Company’s common stock is traded on the NYSE under the symbol “FI.” Additional information is available on the Company’s website, www.franksinternational.com.

Frank’s International uses its Investor Relations website as a channel of distribution of material company information. Such information is routinely posted and accessible on our Investor Relations website at www.franksinternational.com

CONTACT: Contacts:
Blake Holcomb, Director – Investor Relations and Communications
blake.holcomb@franksintl.com
713-231-2463

Noble Energy to Present at Upcoming Energy Conference

Houston, June 22, 2017 (GLOBE NEWSWIRE) — Noble Energy, Inc. (NYSE: NBL) announced today that David L. Stover, the Company’s Chairman, President & CEO, will present at the J.P. Morgan Energy Equity Investor Conference on Tuesday, June 27, 2017 at 8:00 a.m. Eastern Time.  

The presentation will be webcast live on the ‘Investors’ page of the Company’s website, www.nblenergy.com. Presentation materials and a replay of the event will also be available at the same web location.

Noble Energy (NYSE: NBL) is an independent oil and natural gas exploration and production company with a diversified high-quality portfolio of both U.S. unconventional and global offshore conventional assets spanning three continents.  Founded more than 80 years ago, the company is committed to safely and responsibly delivering our purpose: Energizing the World, Bettering People’s Lives®. For more information, visit www.nblenergy.com

CONTACT: Contact
Kristine Marante
281-872-3122   
kristine.marante@nblenergy.com 

Jones Energy, Inc. Exits Arkoma Basin with Non-Core Asset Sales

AUSTIN, Texas, June 22, 2017 (GLOBE NEWSWIRE) — Jones Energy, Inc. (NYSE:JONE) (“Jones Energy” or “the Company”) announced today that it has entered into definitive agreements to sell several non-core assets, including an agreement to sell its Arkoma Basin properties (the “Arkoma Agreement”), for a combined total of up to $70 million, subject to closing adjustments. The Company continues to actively market additional non-core assets.

The Arkoma Agreement represents a sale price of $65 million cash, plus up to a $2.5 million contingent payment based on improving natural gas prices. Other non-core assets sold to-date in 2017 total $2.5 million. Subject to customary closing conditions, the Arkoma transaction is expected to be completed during the third quarter of 2017.  The Company expects to use net proceeds to repay outstanding borrowings under its revolving credit facility.

Jonny Jones, founder, chairman and CEO said, “We continue to execute on our 2017 goals, ramping activity in the Merge and selling non-core assets to reduce our debt and improve our balance sheet. The sale of our Arkoma basin asset and other properties is a significant catalyst in our deleveraging story. The Arkoma represents just 6% of our projected 2017 revenues and we view the deal as an accretive transaction to the Company. I look forward to updating you with additional non-core asset sales as they occur.”

Detring Energy Advisors served as exclusive advisor for the Arkoma asset sale.

About Jones Energy

Jones Energy, Inc. is an independent oil and natural gas company engaged in the development and acquisition of oil and natural gas properties in the Anadarko basin of Texas and Oklahoma.  Additional information about Jones Energy may be found on the Company’s website at: www.jonesenergy.com.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. Without limiting the generality of the foregoing, forward-looking statements contained in this press release specifically include the expected use of proceeds from the transactions contemplated by the Arkoma Agreement, the expected timing of the closing of such transactions, the Company’s continued marketing of non-core assets, and potential aggregate proceeds from sales of non-core assets.  These statements are based on certain assumptions made by the Company based on management’s experience and perception of historical trends, current economic and market conditions, anticipated future developments and other factors believed to be appropriate. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. 

Any forward-looking statement speaks only as of the date on which such statement is made and the Company undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law.

CONTACT: Investor Contact:
Page Portas, 512-493-4834
Investor Relations Associate
Or
Robert Brooks, 512-328-2953
Executive Vice President & CFO

Sauer Energy Powers International Raceway

OXNARD, Calif., June 22, 2017 (GLOBE NEWSWIRE) — Sauer Energy Inc.® (SEI) (OTCQB:SENY), developer and manufacturer of the patent pending WindCutter® vertical axis wind turbine (VAWT), announced today that the site has been approved for a desert community commercial installation.  The WindCutter is being delivered to Willow Springs International Raceway, (“Willow Springs”) in Willow Springs, California.  Together, SEI and WindSun Energy Systems experts, are planning to install it on a 30-foot pole near the entrance of the Raceway within the next ninety (90) days.  Visitors will then be able to observe the WindCutter as it generates electricity for the Raceway.

About Willow Springs International

Willow Springs International Motorsports Park is located in Willow Springs near Rosamond and Lancaster, California, and is about an hour north of Los Angeles. It is a historic race track, in existence more than fifty years. Construction of the track began in 1952, with the inaugural first race held on November 23, 1953. The main track is a challenging 2.5-mile (4.0 km) long road course that is unchanged from its original 1953 configuration. The interesting elevation changes and high average speeds make it a favorite of many road racing drivers.

Efforts by fans resulted in the State of California declaring Willow Springs International Raceway a California Point of Historical Interest, in 1996.

Willow Springs Raceway provides family entertainment for motorsports aficionados the world over.  It is often used as a film location and is also rented to individuals and teams for training and/or enjoyment.

Chris Huth, General Manager of Willow Spring commented, “Working at Willow Springs International Raceway for over fifty years, I’ve witnessed an amazing advancement in racing technology. Everything gets lighter, smaller, faster, more efficient and more reliable. The same thing has happened with electronics. All our devices are smaller, better and, unlike racing, way less expensive. I have looked into solar and wind energy for my facility over the years, but knew that it would follow the same pattern. My patience paid off when I saw the Sauer Energy WindCutter. It’s exactly what I had in mind. I am proud to be the first motorsports facility with Sauer Energy’s technology producing my electricity.”

“This is a superb opportunity for both SEI and the Raceway.  The Raceway welcomes in excess of 2 million visitors per year.  Its location has ideal wind speeds, so it should be able to produce at optimum.   We are most enthusiastic about this opportunity.  This is the first turbine we are installing at a Southern California desert community attraction. 

Our vision is coming together for immersion into the market and the WindCutter’s certification validation will singularly set us apart from the competition. We are working hard to finalize sales and I think everyone will be satisfied with the bottom-line results,” remarked Dieter Sauer, CEO and President of Sauer Energy.

As installation plans are being concluded, SEI is crossing over the threshold into bringing its disruptive technology features in renewable energy solutions to market.  SEI will let everyone know when this turbine is fully installed and operational.  The public is welcome to see it working at Willow Springs during operating hours.

As promised, Sauer Energy is engaged in the mass production of its WindCutter turbine.  Despite the fact that SEI’s full-scale manufacturing is at the outset, plans are already in place to meet the qualifications of ISO 9000 standards.  Quality control will ensure consistency, effectiveness and efficiency.  SEI strives to continually improve performance and reliability, which can translate into increased profits.

The WindCutter is synonymous with sustainable and reliable performance.  Its design contributes to substantial energy savings, which translates to simplicity, measurability and transparency, for the benefit of consumers and businesses alike.

About Sauer Energy Inc.
Sauer Energy Inc. is a technology developer and manufacturer focused on the emerging renewable energy market. SEI’s first offering, the WindCutter, is based on the Darrieus principal and has five airfoil blades that use the principle of lift to rotate the shaft and is pole mounted only.  Sold as a hybrid system, including solar and energy storage capability, our systems can offer the ability to structure on-grid or off-grid configurations. 

SEI’s technology is remarkable as it requires so few parts. This means a lower manufacturing cost, more efficient operation, lower maintenance (fewer parts = less chance of malfunction), and greater power generation. This will provide SEI with a new direction for wind capture, making it easier to scale from residential, to powering a small community — all the way up to large industrial facilities. The market opportunity for this new, self-contained, innovative technology is unlimited and growing rapidly.

With several patents in place and many more pending, SEI looks forward to delivering on its promises for commercialization, and it is also aggressively moving toward a financial return on its investments. To learn more about Sauer Energy, please visit: www.SauerEnergy.com

Sauer Energy… Harnessing the true power of wind!®

Forward-Looking Statements

This news release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey Company progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management’s opinion. Whereas management believes such representations to be true and accurate based on information and data available to the Company at this time, actual results may differ materially and are subject to risk and uncertainties. Factors that may cause actual results to differ include without limitation: dependence on key personnel and suppliers; SEI’s ability to commercialize its wind turbine technology; ability to defend intellectual property; wind turbine material and component costs; competition; economic conditions; consumer demand and product acceptance, and availability of growth capital.

Additional considerations and risk factors are set forth in reports filed on Form 8-K and 10-K with the SEC and other filings. Readers are cautioned not to place undue reliance upon these forward-looking statements; historical information is not an indicator of future performance. The Company undertakes no obligation to update publicly any forward-looking statements.

CONTACT: Contact Information

Sauer Energy, Inc.
Dieter Sauer
President and CEO
(888) 829-8748
www.SauerEnergy.com

NXT Energy Solutions Announces Intention to Seek Shareholder Approval for Stock Option Extensions

CALGARY, Alberta, June 20, 2017 (GLOBE NEWSWIRE) — NXT Energy Solutions Inc. (“NXT Energy” or the “Company”) (TSX:SFD) (OTCQB:NSFDF) announces that certain insiders of the Company have agreed to refrain from exercising certain stock options they hold which are currently “in the money”, for a period of 12 months in order to help the Company to maintain an orderly market for its securities.  The relevant stock options are scheduled to expire within the next 90 days and, in consideration for the agreement to refrain from the exercise, the Company has agreed to extend the expiration date of all options that are due to expire in the next 90 days, until December 31, 2018.

The Company’s stock option plan requires that the extension of the options must be approved by the shareholders of the Company.  In addition, TSX rules require that the votes of securities held directly or indirectly by insiders benefiting directly or indirectly from the option extensions must be excluded from such approval.  The Company intends to table a resolution for such disinterested shareholder approval of the option extensions at its upcoming annual shareholder meeting to be held on Wednesday, June 21, 2017.  

The details of the option extensions to be voted upon are as follows:

              Date of Expiry Exercise Price Number of Options
Outstanding
  18th July 2017 $0.75 345,000
  23rd July 2017 $0.86 480,000
  15th August 2017 $1.20 300,000
  23rd August 2017 $0.86   20,000

Management intends to rely on its discretionary authority granted in proxies currently being solicited in conjunction with the Company’s Management Information Circular dated May 16, 2017 to vote in favour of the proposed extensions.  The vote will take place by way of a ballot and all votes cast by any of the option holders affected by the extension will be excluded from the ballot tally. 

A copy of the Management Information Circular has been filed on SEDAR and is available at www.sedar.com.

NXT Energy is a Calgary based company whose proprietary Stress Field Detection (“SFD®“) survey system utilizes quantum-scale sensors to detect gravity field perturbations in an airborne survey method which can be used both onshore and offshore to remotely identify areas with exploration potential for traps and reservoirs.  The SFD® survey system enables our clients to focus their hydrocarbon exploration decisions concerning land commitments, data acquisition expenditures and prospect prioritization on areas with the greatest potential.  SFD® is environmentally friendly and unaffected by ground security issues or difficult terrain, and is the registered trademark of NXT Energy Solutions Inc.  NXT Energy provides its clients with an effective and reliable method to reduce time, costs, and risks related to exploration.

Forward-Looking Statements

This news release may include forward-looking statements. When used in this document, words such as “intends”, “plans”, “anticipates”, “expects” and “scheduled”, are forward-looking statements. Forward-looking statements are subject to a wide range of risks and uncertainties, and although the Company believes that the expectations represented by such forward-looking statements are reasonable, there can be no assurance that such expectations will be realized.  Any number of factors can cause actual results to differ materially from those in the forward-looking statements.  Risk factors facing NXT Energy are described in its most recent MD&A for the year ended December 31, 2016 which has been filed electronically by means of the System for Electronic Document Analysis and Retrieval (“SEDAR”) located at www.sedar.com.  Such forward-looking statements are made as at the date of this news release, and the Company assumes no obligation to update or revise them, either publicly or otherwise, to reflect new events, information or circumstances, except as may be required under applicable securities law.                           

Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) nor the OTC QB Markets accept responsibility for the adequacy or accuracy of this release.

CONTACT: For further information, please contact:

Bev Stewart	
V-P Finance & CFO	
NXT Energy Solutions Inc.
403-206-0807	
nxt_info@nxtenergy.com
www.nxtenergy.com

Kin Communications
Investor Relations
1-866-684-6730 / 604-684-6730
sfd@kincommunications.com

NXT Energy Solutions Announces Intention to Seek Shareholder Approval for Stock Option Extensions

CALGARY, Alberta, June 20, 2017 (GLOBE NEWSWIRE) — NXT Energy Solutions Inc. (“NXT Energy” or the “Company”) (TSX:SFD) (OTCQB:NSFDF) announces that certain insiders of the Company have agreed to refrain from exercising certain stock options they hold which are currently “in the money”, for a period of 12 months in order to help the Company to maintain an orderly market for its securities.  The relevant stock options are scheduled to expire within the next 90 days and, in consideration for the agreement to refrain from the exercise, the Company has agreed to extend the expiration date of all options that are due to expire in the next 90 days, until December 31, 2018.

The Company’s stock option plan requires that the extension of the options must be approved by the shareholders of the Company.  In addition, TSX rules require that the votes of securities held directly or indirectly by insiders benefiting directly or indirectly from the option extensions must be excluded from such approval.  The Company intends to table a resolution for such disinterested shareholder approval of the option extensions at its upcoming annual shareholder meeting to be held on Wednesday, June 21, 2017.  

The details of the option extensions to be voted upon are as follows:

              Date of Expiry Exercise Price Number of Options
Outstanding
  18th July 2017 $0.75 345,000
  23rd July 2017 $0.86 480,000
  15th August 2017 $1.20 300,000
  23rd August 2017 $0.86   20,000

Management intends to rely on its discretionary authority granted in proxies currently being solicited in conjunction with the Company’s Management Information Circular dated May 16, 2017 to vote in favour of the proposed extensions.  The vote will take place by way of a ballot and all votes cast by any of the option holders affected by the extension will be excluded from the ballot tally. 

A copy of the Management Information Circular has been filed on SEDAR and is available at www.sedar.com.

NXT Energy is a Calgary based company whose proprietary Stress Field Detection (“SFD®“) survey system utilizes quantum-scale sensors to detect gravity field perturbations in an airborne survey method which can be used both onshore and offshore to remotely identify areas with exploration potential for traps and reservoirs.  The SFD® survey system enables our clients to focus their hydrocarbon exploration decisions concerning land commitments, data acquisition expenditures and prospect prioritization on areas with the greatest potential.  SFD® is environmentally friendly and unaffected by ground security issues or difficult terrain, and is the registered trademark of NXT Energy Solutions Inc.  NXT Energy provides its clients with an effective and reliable method to reduce time, costs, and risks related to exploration.

Forward-Looking Statements

This news release may include forward-looking statements. When used in this document, words such as “intends”, “plans”, “anticipates”, “expects” and “scheduled”, are forward-looking statements. Forward-looking statements are subject to a wide range of risks and uncertainties, and although the Company believes that the expectations represented by such forward-looking statements are reasonable, there can be no assurance that such expectations will be realized.  Any number of factors can cause actual results to differ materially from those in the forward-looking statements.  Risk factors facing NXT Energy are described in its most recent MD&A for the year ended December 31, 2016 which has been filed electronically by means of the System for Electronic Document Analysis and Retrieval (“SEDAR”) located at www.sedar.com.  Such forward-looking statements are made as at the date of this news release, and the Company assumes no obligation to update or revise them, either publicly or otherwise, to reflect new events, information or circumstances, except as may be required under applicable securities law.                           

Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) nor the OTC QB Markets accept responsibility for the adequacy or accuracy of this release.

CONTACT: For further information, please contact:

Bev Stewart	
V-P Finance & CFO	
NXT Energy Solutions Inc.
403-206-0807	
nxt_info@nxtenergy.com
www.nxtenergy.com

Kin Communications
Investor Relations
1-866-684-6730 / 604-684-6730
sfd@kincommunications.com

RigNet is Awarded a Systems Integration Contract For Expansion of a Large Scale Midstream Energy Facility

HOUSTON, June 20, 2017 (GLOBE NEWSWIRE) — RigNet, Inc. (NASDAQ:RNET), announced today that it was awarded a multi-million dollar contract to provide communications infrastructure for the expansion of a large midstream energy facility in North America.

RigNet’s scope of work includes the engineering, procurement and construction for communication infrastructure including radio communication, Local Area Network (LAN), Closed Circuit Television (CCTV), and Public Address and General Alarm (PAGA).

This contract draws on the considerable experience of RigNet’s System Integration and Automation (SI&A) team of engineers responsible for developing robust and resilient infrastructures for “inside the fence” communication.

“We are very pleased to participate in the expansion of this key energy facility, and are committed to demonstrating RigNet’s ability to provide customized and intelligent communication infrastructure to operators in the midstream market,” said Steven Pickett, RigNet’s CEO and president.

About RigNet
RigNet (NASDAQ:RNET) is a leading global provider of customized systems and solutions serving customers with complex data networking and operational requirements. RigNet provides solutions ranging from fully-managed voice and data networks to more advanced applications that include video conferencing, crew welfare, asset monitoring and real-time data services. RigNet is based in Houston, Texas and has operations around the globe. 

For more information on RigNet, please visit www.rig.net. RigNet is a registered trademark of RigNet, Inc.

CONTACT: Media / Investor Relations Contact:
Charles E. Schneider 
SVP & Chief Financial Officer
RigNet, Inc. 
Tel: +1 (281) 674-0699

PennTex Midstream Announces Expiration of Energy Transfer Tender Offer

HOUSTON, June 20, 2017 (GLOBE NEWSWIRE) — PennTex Midstream Partners, LP (NASDAQ:PTXP) (the “Partnership”) today announced that as of 5:00 p.m., Eastern Time, on June 19, 2017 (the “Expiration Time”), approximately 12,360,503 common units representing limited partner interests in the Partnership (the “Common Units”), including those Common Units delivered through notices of guaranteed delivery, were validly tendered and accepted for purchase by Energy Transfer Partners, L.P. (NYSE:ETP) (“ETP”) in ETP’s previously announced tender offer (the “Offer”).

The number of Common Units validly tendered prior to the Expiration Time satisfies the non-waivable condition that not less than a majority of the Common Units held by unitholders that are not affiliates of ETP be validly tendered, and satisfies the condition that, following the closing of the Offer, ETP and its affiliates own at least 16,571,405 Common Units, representing greater than 80% of the outstanding Common Units.  ETP has announced that, pursuant to Section 15.1 of the First Amended and Restated Agreement of Limited Partnership of the Partnership (the “Partnership Agreement”), it intends to exercise the right, assigned to ETP by the Partnership’s general partner, to purchase all of the remaining Common Units that were not tendered in the Offer and remain outstanding on June 30, 2017 (the “Limited Call Right”).  ETP expects to mail to each unitholder of record who did not tender its Common Units in the Offer a notice of election to purchase such Common Units pursuant to Section 15.1(b) of the Partnership Agreement, and such holder will receive, for each Common Unit, $20.00 in cash, which represents the price paid by ETP for the Common Units in the Offer.

Upon the exercise of the Limited Call Right, ETP will own all of the economic interests of the Partnership and will be entitled to all of the benefits resulting from those interests.  In addition, the Common Units will cease to be listed on the NASDAQ Global Select Market or publicly traded.

Important Information

This press release is for informational purposes only, and is neither an offer to purchase nor a solicitation of an offer to sell securities.  Holders of Common Units are advised to read ETP’s combined Tender Offer Statement on Schedule TO and Transaction Statement on Schedule 13E-3, as amended, ETP’s Offer to Purchase, the Partnership’s Solicitation/Recommendation Statement on Schedule 14D-9, as amended, and the Partnership’s Transaction Statement on Schedule 13E-3, as amended, and other documents relating to the tender offer that have been or will be filed with the Securities and Exchange Commission (the “SEC”) because they contain important information.  Unitholders may also obtain copies of any of the foregoing materials, as filed with the SEC, without charge from the Partnership by directing such request to PennTex Midstream Partners, LP, Attn: Investor Relations, 8111 Westchester Drive, Suite 600, Dallas, Texas 75225.

About PennTex Midstream Partners, LP

PennTex Midstream Partners, LP provides natural gas gathering and processing and residue gas and natural gas liquids transportation services to producers in northern Louisiana. ETP owns the general partner of the Partnership. For more information, visit www.penntex.com.

Investor Relations:
Helen Ryoo, Lyndsay Hannah, Brent Ratliff, 214-981-0795
or
Media Relations:
Vicki Granado, 214-840-5820

Capstone to Provide Clean Power from Waste Gas for Repeat Oil and Gas Customer

CHATSWORTH, Calif., June 19, 2017 (GLOBE NEWSWIRE) — Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world’s leading clean technology manufacturer of microturbine energy systems, announced today that it has secured an order for two C1000 Signature Series microturbines to provide power from waste gas for a repeat oil and gas customer in Southern California.

“This is a significant order in the California oil and gas market and further illustrates the strengthening of Capstone’s oil and gas related business which made up 34% of total product revenue last year,” stated Darren Jamison, Capstone’s President and Chief Executive Officer. “Repeat customers are critical to our future growth, and we look forward to forging a long-term partnership with our industry leading Factory Protection Plan that aligns us 100% with our end-use customers and rewards everyone with system uptime and positive operational performance,” added Mr. Jamison.

Cal MicroTurbine, one of Capstone’s distributors in California, secured the order which is expected to be commissioned in the fall of 2017. The customer selected Capstone microturbines for its proven ability to provide clean, flexible and reliable performance while running on lower quality, minimally processed associated waste gas.

“We are excited this repeat customer selected us based on our customer focus, value and integration experience over traditional power generation providers,” said Kenda Brown, President at Cal MicroTurbine. “We look forward to a long-term relationship with this customer and providing them a premium service through our all-inclusive Factory Protection Plan,” added Ms. Brown.

Both C1000S microturbines will be installed alongside the Capstone Logic Controller and operate on high BTU, minimally processed gas. The microturbine units will produce quality power from low-quality waste gas with ultra-low emissions. The installation will ultimately act as a pilot site for a potential larger site expansion in the future.

“Capstone was tapped again by this existing customer due to past project success in waste gas utilization and remote power applications,” said Jim Crouse, Capstone’s Executive Vice President of Sales and Marketing. “Combined with Capstone’s high reliability and local presence, we were able to provide the highest quality solution at a reasonable cost,” added Mr. Crouse.

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 has shipped over 9,000 Capstone Microturbine systems to customers worldwide. These award-winning systems have logged millions of documented runtime operating hours. Capstone 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 9001:2015 and ISO 14001:2015 certified company, Capstone is headquartered in the Los Angeles area with sales and/or service centers in the United States, Latin America, Europe, Middle East and Asia.

This press release contains “forward-looking statements,” as that term is used in the federal securities laws, about the advantages of Capstone’s Signature Series product and accessories offerings; strengthening of Capstone’s oil and gas related business; advantages of Capstone’s products in waste gas utilization applications; and the advantages and growth of Capstone’s Factory Protection Plans. 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: CONTACT:  Capstone Turbine Corporation
Investor and investment media inquiries:
818-407-3628
ir@capstoneturbine.com

Capstone to Provide Clean Power from Waste Gas for Repeat Oil and Gas Customer

CHATSWORTH, Calif., June 19, 2017 (GLOBE NEWSWIRE) — Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world’s leading clean technology manufacturer of microturbine energy systems, announced today that it has secured an order for two C1000 Signature Series microturbines to provide power from waste gas for a repeat oil and gas customer in Southern California.

“This is a significant order in the California oil and gas market and further illustrates the strengthening of Capstone’s oil and gas related business which made up 34% of total product revenue last year,” stated Darren Jamison, Capstone’s President and Chief Executive Officer. “Repeat customers are critical to our future growth, and we look forward to forging a long-term partnership with our industry leading Factory Protection Plan that aligns us 100% with our end-use customers and rewards everyone with system uptime and positive operational performance,” added Mr. Jamison.

Cal MicroTurbine, one of Capstone’s distributors in California, secured the order which is expected to be commissioned in the fall of 2017. The customer selected Capstone microturbines for its proven ability to provide clean, flexible and reliable performance while running on lower quality, minimally processed associated waste gas.

“We are excited this repeat customer selected us based on our customer focus, value and integration experience over traditional power generation providers,” said Kenda Brown, President at Cal MicroTurbine. “We look forward to a long-term relationship with this customer and providing them a premium service through our all-inclusive Factory Protection Plan,” added Ms. Brown.

Both C1000S microturbines will be installed alongside the Capstone Logic Controller and operate on high BTU, minimally processed gas. The microturbine units will produce quality power from low-quality waste gas with ultra-low emissions. The installation will ultimately act as a pilot site for a potential larger site expansion in the future.

“Capstone was tapped again by this existing customer due to past project success in waste gas utilization and remote power applications,” said Jim Crouse, Capstone’s Executive Vice President of Sales and Marketing. “Combined with Capstone’s high reliability and local presence, we were able to provide the highest quality solution at a reasonable cost,” added Mr. Crouse.

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 has shipped over 9,000 Capstone Microturbine systems to customers worldwide. These award-winning systems have logged millions of documented runtime operating hours. Capstone 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 9001:2015 and ISO 14001:2015 certified company, Capstone is headquartered in the Los Angeles area with sales and/or service centers in the United States, Latin America, Europe, Middle East and Asia.

This press release contains “forward-looking statements,” as that term is used in the federal securities laws, about the advantages of Capstone’s Signature Series product and accessories offerings; strengthening of Capstone’s oil and gas related business; advantages of Capstone’s products in waste gas utilization applications; and the advantages and growth of Capstone’s Factory Protection Plans. 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: CONTACT:  Capstone Turbine Corporation
Investor and investment media inquiries:
818-407-3628
ir@capstoneturbine.com