WALTHAM, Mass., July 26, 2016 /PRNewswire/ -- Tecogen®
Inc. (NASDAQ: TGEN), a leading provider of cost efficient, clean
and reliable products for power production, heating and cooling
which, through patented technology, nearly eliminate criteria
pollutants and significantly reduce a customer's carbon footprint,
today announced additional project wins from National Mechanical
Services. The two new projects bring total relationship value with
the expert contractor to in excess of $1.5
million.
For over 40 years National Mechanical Services, now part of The
Metro Group, has been an industry-leading mechanical contractor
that specializes in heating and cooling equipment replacement, 24/7
service, and heating system redesign for customers in the
New York tristate area. The new
projects include two reliable CM-75 kW units for a 454-unit
multi-family residential building in Yonkers, NY and a state-of-the-art InVerde e+
100 kW unit for a 14-story student housing building near Central
Park in New York City, NY.
Both projects include Tecogen's factory engineered load
modules as well as various engineered accessories, customized to
meet the contractor's exact specifications and speed
installation.
"National Mechanical has been a solid partner for Tecogen. Their
experienced project managers understand heating and cooling systems
and the benefit that combined heat and power can bring to a
building; both in terms of savings for the customer as well as
additional services like electricity and emergency backup power not
provided by a traditional boiler solution. We look forward to
building on our strong working relationship now that National
Mechanical is part of The Metro Group," said Benjamin Locke, Tecogen's Co-Chief Executive
Officer.
Tecogen's efficient combined heat and power ("CHP" or
"cogeneration") units run on affordable and reliable natural gas.
The equipment generates electricity from the gas-fueled engine and
then recycles the free waste heat for use by the building's heating
and cooling systems. Because waste heat is recovered from the
electric power production process, the systems can achieve fuel
energy utilization upwards of 90% with minimal losses – a level of
efficiency that directly translates into savings for the
customer.
In this way, buildings fitted with Tecogen's cutting-edge clean
energy products not only enjoy significant and ongoing reductions
in their utility bills, but also cut their building's carbon
footprint in half.
About The Metro Group
The Metro Group Inc. is a water
treatment and mechanicals sales, service and installation
contractor. An industry leader for over 90 years, the company
specializes in the multi- family residential, institutional and
commercial market sectors. Comprised of "Best in Class"
companies, like National Mechanical Services, The Metro Group
provides services, repairs, installs, retro-fits, conversions, and
equipment sales for thousands of large scale HVAC systems and
water-based process systems. Additionally, the company is a
leader in water-hygiene and water safety management.
Operating throughout the Eastern Seaboard, Midwest, and through
foreign distributors, The Metro Group has service contracts for
thousands of buildings and performs over a hundred thousand Service
visits per year.
Headquartered in Long Island City,
NY, The Metro Group has a CDC Elite certified laboratory,
its own chemical manufacturing plant where it manufactures its
Trade Named products, as well as state and federal sanctioned
licensing for the servicing of potable and HVAC water systems. The
Metro Group operates the largest fleet of service vehicles for its
markets sector in its target urban market places including over one
hundred service vehicles aimed at the Metropolitan New York City
market place.
About Tecogen
Tecogen® Inc. designs,
manufactures, sells, installs, and maintains high efficiency,
ultra-clean, cogeneration products including natural gas
engine-driven combined heat and power, air conditioning systems,
and high-efficiency water heaters for residential, commercial,
recreational and industrial use. The company is known for cost
efficient, environmentally friendly and reliable products for
energy production that, through patented technology, nearly
eliminate criteria pollutants and significantly reduce a customer's
carbon footprint.
In business for over 20 years, Tecogen has shipped more than
2,300 units, supported by an established network of engineering,
sales, and service personnel across the
United States. For more information, please visit
www.tecogen.com or contact us for a free Site Assessment.
Tecogen, InVerde, Ilios, Tecochill, Ultera, and e+,
are registered trademarks or trademark pending registration of
Tecogen Inc.
Forward Looking Statements
This press release may
contain forward-looking statements under the Private Securities
Litigation Reform Act of 1995 that involve a number of risks and
uncertainties. Important factors could cause actual results to
differ materially from those indicated by such forward-looking
statements, as disclosed on the Company's website and in Securities
and Exchange Commission filings. The statements in this press
release are made as of the date of this press release, even if
subsequently made available by the Company on its website or
otherwise. The Company does not assume any obligation to update the
forward-looking statements provided to reflect events that occur or
circumstances that exist after the date on which they were
made.
Tecogen Media & Investor Relations Contact
Information:
Ariel F. Babcock,
CFA John
N. Hatsopoulos
P: (781)
466-6413 P:
(781) 622-1120
E:
Ariel.Babcock@tecogen.com E:
John.Hatsopoulos@tecogen.com
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SOURCE Tecogen Inc.