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Stock Market & Financial Investment News

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August 19, 2014
08:42 EDTCPSTCapstone Turbine expands CHP footprint in Russian manufacturing sector
Capstone Turbine announced it has expanded its presence in Russia's manufacturing sector with two ultra-high efficiency combined heat and power, or CHP, projects. Capstone continues to grow its business in Russia despite geopolitical tensions and the latest round of U.S. and Russian sanctions. The two most recent CHP project installations illustrate the ongoing Capstone growth in Russia's manufacturing sector as BPC continues to add to its over 1500-unit Capstone fleet. The U.S. Treasury recently imposed additional sanctions prohibiting U.S. persons from providing new financing to three major Russian financial institutions. For Capstone's purposes, as a result of these new sanctions, U.S. entities cannot transact in, provide financing for, or otherwise deal in new debt of longer than 90 days maturity or new equity with Bank of Moscow, Russian Agricultural Bank, and VTB Bank OAO.
News For CPST From The Last 14 Days
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October 1, 2014
08:36 EDTCPSTCapstone Turbine announces sale of C1000 in Republic of Slovenia
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September 18, 2014
08:35 EDTCPSTCapstone Turbine announces 2 MW order for offshore platform
Capstone Turbine announced that it received an order for two C1000 microturbines for an offshore oil and gas platform in Africa. The two C1000s will run on flare gas to power artificial lift equipment, more specifically electrical submersible pumps that are used to increase oil production. The artificial lift market was more than $9.2B in 2012 and is forecasted to grow to $16B in 2018. Africa and the Middle East are expected to represent 13% of this growth year over year.

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