WALTHAM, Mass., Aug. 3, 2016 /PRNewswire/ -- Tecogen®
Inc. (NASDAQ: TGEN) is pleased to announce TTcogen LLC has sold its
first unit just months after launching the TEDOM a.s. product
portfolio into the U.S. market. The sale is for a TEDOM Micro
35 kW combined heat and power (CHP) unit, slated to be installed in
a 138 unit multi-family residential building in Brooklyn, NY.
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"This rapid first sale proves the demand and customer need for
the compact Micro CHP unit is real. With a less than 3 year payback
period after incentive rebates and annual savings estimated to be
in excess of $60,000, the Micro 35 kW
unit is a natural fit for this building," said Benjamin Locke, co-Chief Executive Officer of
Tecogen. He added, "This is an excellent example of the Tecogen
sales team turning what would have been a lost customer, with a
building that is too small to take advantage of our other CHP
offerings, into a customer now being served by a product from the
TTcogen portfolio – producing the exact synergies that were
contemplated when management formed this joint venture."
TEDOM's Regional Director of North American Sales Jiří Janša
noted, "We are excited to have received an order so soon after
launching our joint venture with Tecogen to bring our products to
the U.S. market. This sale is a demonstration of the strong
synergies we see in the TTcogen relationship, we look forward to
building on this initial sales momentum in the months to
come."
The compact natural gas powered unit is sized to serve nearly
the entirety of the building's domestic hot water load while also
producing electricity for the property. In addition, the
synchronous unit's blackstart capability allows the Micro 35 to
provide power in a blackout, improving building resiliency and
offering residents peace of mind they will never be left in the
dark.
The sale includes full turnkey installation service from
Tecogen's expert service team. Because of the compact size of the
Micro 35, the unit is easy to retrofit to existing buildings. The
simpler installation reduces the time required for installation
construction, moderating disruption for residents. Mr. Locke noted,
"Given the streamlined installation schedule, we expect building
residents to begin reaping the benefits of their new Micro CHP unit
before year end."
A joint venture affiliate company of CHP experts Tecogen and
TEDOM, TTcogen utilizes Tecogen's experienced sales and service
network to deliver TEDOM's efficient line of packaged combined heat
and power (CHP) units to United
States customers.
About TTcogen LLC
TTcogen LLC is a 50/50 joint
venture corporation between packaged combined heat and power (CHP)
experts Tecogen Inc. and TEDOM a.s. TTcogen offers a complete
package of 27 cutting-edge CHP modules that are fully capable of
running on a variety of fuel feedstocks, including natural gas,
propane, and renewable natural gas (biofuel). Ranging in size from
35 kW up to 4 MW, the full product portfolio meets the needs of
residential, commercial and industrial customers that desire
efficient and environmentally friendly energy solutions.
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.