Capstone Turbine’s German distributor E-Quad Power Systems has ordered two C1000 micro-turbine packages, one C200, 14 C65s and four C30s, totalling $2.9 million in product expected to ship in the next six months.
"The January orders from our German distributor E-Quad are almost equal to the total amount E-Quad purchased from Capstone in the previous nine months and are consistent with reports that the German market is starting to rebound," said Jim Crouse, Capstone's VP of Sales and Marketing.
"Despite the slowdown in the European market, Capstone has posted higher year-over-year quarterly revenues for 23 consecutive quarters. A rebound in Germany and France would definitely ease some of the overall headwinds we have experienced in Europe," said Darren Jamison, Capstone's President and Chief Executive Officer.
E-Quad Power Systems, headquartered in Herzogenrath, Germany, provides project planning, installation supervision, start-up and maintenance of Capstone products. E-Quad is focused on oil & gas resource recovery, turbo electric and combined heat and power applications.