Press Release: Capstone Receives Multiple Orders for Offshore Platforms from New Alaska Distributor Chenega Energy
Wed Dec 04 08:30:16 2013 EDT
Capstone Receives Multiple Orders for Offshore Platforms from New Alaska
Distributor Chenega Energy
CHATSWORTH, Calif., Dec. 4, 2013 (GLOBE NEWSWIRE) -- Capstone Turbine
Corporation (Nasdaq:CPST), the world's leading clean
technology manufacturer of microturbine energy systems, today announced that it
received multiple orders for oil and gas offshore platforms from its new
Alaskan distributor Chenega Energy LLC. The orders are for a single C1000 and
multiple C200s for use on offshore platforms in Alaska's Cook Inlet.
Chenega Energy secured the orders from Hilcorp Alaska LLC, which purchased 10
oilrigs in Alaska's Cook Inlet from Chevron and Marathon Oil in 2012 and 2013.
Since January 2012, oil production on the platforms has increased by 36 percent
to approximately 9,700 barrels per day. Despite this increase, cost of oil
production remains high and Hilcorp plans to invest over $500 million to
further develop this project and make structural changes to help drive down
costs. It reported that half of this budget would be spent on remediation,
repair, and replacement of old equipment and antiquated technology. One example
of the changes being made is to convert the wells from gas-lift to ESPs
(Electric Submersible Pumps) on all the platforms.
"This conversion to electric pumps highlights one of the reasons Capstone's
microturbines are a perfect operational fit for the oil and gas market," said
Jim Crouse, Capstone's Executive Vice President of Sales and Marketing.
In addition to the expanded need for clean and reliable electrical power at
remote sites, Hilcorp has sour gas, which contains 2000ppm of H2S. Capstone
microturbines can easily handle this type of sour gas, whereas traditional
power generation solutions would require expensive fuel pre-treatment.
Furthermore, the ab
Capstone Turbine initiated with an Outperform at Cowen - Yahoo Finance $1.90 Target
flare gas flare gas.
call them up and tell them to hook up a few Capi turbines to all that wasted flared gas.
I've been tweeting CNBC and @ Sullycnbc for 2 days. the rest of you should too
theflyonthewall: China rumored to soon buy rare earth, SMM says
China's State Reserve Bureau is rumored to soon purchase rare earth metals, according to Shanghai Metals Market, citing China Securities Journal. Reference Link: theflyonthewall
MDBX is a distribution system. A safe and easy way to sell pot. Making timlegal ONLY benefits them.
sooner or later - covered by Obamacare or not, the BIG pharmacy chains will wake up and see the profits in selling #$%$.
Medbox is easiest and safest way to get there.
Medbox Partners with Licensed Medical Cannabis Laboratory and Cultivation Center in Canada
Tue Oct 15 09:05:00 2013 EDT
WEST HOLLYWOOD, Calif., Oct. 15, 2013 /PRNewswire via COMTEX News Network/ --
Medbox, Inc. , a leader in providing industry
specific consulting services and patented systems to the medical and retail industries,
announced signing of a term sheet with a #$%$ research and development
laboratory licensed and permitted by Health Canada. According to the terms, Medbox
has been engaged in an ongoing consulting role as the lab transitions to cannabis
producer and distributor. The laboratory is one of only a few allowed to cultivate
and study cannabis in Canada for use in medicinal applications. With Medbox's help,
the laboratory is poised to be one of the first to have a producer and distribution
license granted in the new Canadian medical cannabis market. "The laboratories that possess a level 6 clearance and exemption to the Controlled
That's the issue. Capi never gets the press. It's supposedly their turbines. NOW we can TWEET it!
WEST HOLLYWOOD, Calif., Nov. 7, 2013 /PRNewswire/ -- Medbox, Inc. (OTC Markets: MDBX) , a leader in providing industry specific consulting services and patented systems to the medical and retail industries, announced today that it has retained DelMorgan & Co. , an internationally recognized investment banking firm, as its financial advisor to advise Medbox on its strategic alternatives, including potential acquisitions or divestitures, growth capital investments, joint ventures or other strategic alliances, and other initiatives to deliver shareholder value.
Dr. Bruce Bedrick, Medbox Chief Executive Officer, noted, "We are very excited about our engagement of DelMorgan & Co. Their experience and professionalism in capital raising and M&A will help us analyze Medbox's strategic options and pursue transactions that will benefit our company and our shareholders." Vincent Mehdizadeh, Medbox Chief Operating Officer, added, "We have so many opportunities for growth for our Medbox Dispensing System, and recent developments in the #$%$ space have led to an exponential increase in the number of inquiries and possibilities for the application of Medbox's systems, software and consulting services throughout North America and overseas. By working closely with DelMorgan, we can do a more rigorous evaluation of our options and position the Company for growth to the next level."
Medbox reports Q3 (18.66)
Income from operations through 3 quarters, before taxes, was a healthy $647K. Revenues surged to over $5.046 million through three quarters, making 2013 the co's best revenue generating year in the co's history. Revenues reported of $2.079 million for 3rd quarter of 2013, making it the highest grossing quarter in the company's history. Assets more than doubled from year-end 2012, from $3.5 million to over $7.2 million. Gross profit margin for the quarter was a healthy $833 thousand and EBITDA margin for the quarter was ~21%.