Tecogen Inc. (NASDAQ:TGEN), a clean energy company providing
ultra-efficient, clean, natural gas powered on-site power, heating
and cooling equipment, has sold a new 150 ton TECOCHILL chiller
system to a prominent Connecticut elementary school to replace an
existing Tecogen chiller system that had reached the end of its
useful life. The new TECOCHILL system will provide greater
efficiency and improved environmental benefits, and will benefit
from State incentives available only to engine driven chillers that
can reduce peak demand on the grid.
Jeff Glick, Tecogen’s Vice President of Sales commented, “This
school system has been an excellent customer for almost 20 years.
The new TECOCHILL system provides important upgrades for the school
system including greater capacity, improved efficiency, modern
refrigerant technology, and Ultera emissions controls. The
project includes a new service contract to ensure the chiller
provides the expected economic benefits for the next 20 years.”
The chiller was sold by Clover Corporation, Tecogen’s
manufacturer’s representative in Connecticut. Clover sold the
original chiller system to the school system, which relies solely
on TECOCHILL systems for all of its cooling needs, including for
the high school in the same school district. Brian Cullinane,
President of Clover Corporation noted, “This school system
recognizes the savings of natural gas engine cooling and its
decision to replace the existing unit with a new TECOCHILL system
is testimony to its satisfaction with the TECOCHILL system and the
economic and environmental benefits it provides.”
Benjamin Locke, Tecogen’s CEO added, “Our TECOCHILL product is
the only natural gas engine-driven chiller system available for
cooling large facilities like this school. The cost savings
and environmental benefits of the Tecogen technology made it a
simple decision for the school system to update its chiller system
with Tecogen’s updated and enhanced chiller technology.”
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 35 years, Tecogen has shipped more than
3,000 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 e+, Ilios, Tecochill, and Ultera are registered
or pending trademarks of Tecogen Inc.
About CloverLocated in Southern New England,
Clover Corporation has been a family owned and operated HVAC
equipment distributor since 1976. It was first started by Harry and
Eileen Cullinane to offer quality HVAC equipment to the Natural Gas
HVAC marketplace. Since then the company has become the
area’s foremost expert on Natural Gas cooling and Infra-red radiant
heating, specializing in offering the most efficient gas heating
and cooling equipment available today. Whether it’s a 95% efficient
residential gas furnace, a commercial gas/electric, an electric
heat pump rooftop, or a 400-ton natural gas engine driven chiller,
Clover prides itself on serving each customer’s specific
needs.http://clover-corporation.com/
Forward Looking Statements This press release
contains “forward-looking statements” which may describe
strategies, goals, outlooks or other non-historical matters, or
projected revenues, income, returns or other financial measures,
that may include words such as "believe," "expect," "anticipate,"
"intend," "plan," "estimate," "project," "target,"
"potential," "will," "should," "could," "likely," or "may" and
similar expressions intended to identify forward-looking
statements. These statements are only predictions and involve known
and unknown risks, uncertainties, and other factors that may cause
our actual results to differ materially from those expressed or
implied by such forward-looking statements. Given these
uncertainties, you should not place undue reliance on these
forward-looking statements. Forward-looking statements speak only
as of the date on which they are made, and we undertake no
obligation to update or revise any forward-looking statements.
In addition to those factors described in our Annual Report on
Form 10-K and our Quarterly Reports on Form 10-Q under “Risk
Factors”, among the factors that could cause actual results to
differ materially from past and projected future results are the
following: fluctuations in demand for our products and services,
competing technological developments, issues relating to research
and development, the availability of incentives, rebates, and tax
benefits relating to our products and services, changes in the
regulatory environment relating to our products and services,
integration of acquired business operations, and the ability to
obtain financing on favorable terms to fund existing operations and
anticipated growth.
Tecogen Media & Investor Relations Contact
Information:Benjamin Locke, CEOP: (781) 466-6402E:
Benjamin.Locke@Tecogen.com
John N. Hatsopoulos P: (781) 622-1120E:
John.Hatsopoulos@Tecogen.com
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