Benzinga | Dec 3, 2021 02:44PM EST

Capstone Secures C600S Order For Use In Austrian Fiber Manufacturing Plant

* Capstone Green Energy Corp (NASDAQ:CGRN) stated that its distributor in Austria and Germany, Wels Strom GmbH, has been contracted by IFG Asota to provide a Combined Heat and Power system plus a 10-year Factory Protection Plan (FPP) for their fiber manufacturing plant in Linz, Austria.

* The new system will be built around a Capstone C600S and provide on-site power for the facility operations and manufacturing process. In order to use the residual heat after the waste heat flue, IFG Asota will install a new low-temperature system for production.

* The contract includes Capstone's 10-year FPP maintenance program and unscheduled maintenance for the life of the energy system.

* Price Action: CGRN shares are trading lower by 5.86% at $4.18 on the last check Friday.