Tecogen Announces Six Chillers Sold for Indoor Growing
December 13 2018 - 10:00AM
Tecogen Inc. (NASDAQ: TGEN), a clean energy company providing
ultra-efficient, clean, natural gas powered on-site power, heating
and cooling equipment, is pleased to announce three separate
Tecochill orders into the burgeoning indoor cultivation
industry. The three projects, located in Florida and
Massachusetts, collectively consist of four 150/200 ton STx
Tecochill systems and two 400 ton DTx Tecochill systems. All
six units are expected to be delivered and operational in the first
half of 2019.
“The indoor cultivation industry as a whole has tremendous
energy needs to produce many high value crops reliably and
consistently as possible” noted Stephen Lafaille, Director of
Business Development at Tecogen. “The Tecochill product delivers
reliable, cost-effective energy savings that is becoming standard
practice for the production of these high value crops.”
A 400-ton Tecochill DTx system typically eliminates
approximately 250 kW of installed electric capacity. For
growing facilities located in areas with limited electrical
capacity, the Tecochill solution significantly reduces the power
required from local utilities while providing substantial cost
saving.
“Installing our Tecochill systems instead of traditional
electric chillers allows site operators more flexibility with the
power still used from the local utility” stated Benjamin Locke,
Tecogen’s CEO. “In combination with our modular CHP systems, the
Tecogen solution is the most cost-effective way to reduce energy
costs for indoor cultivation.”
The projects include full maintenance contracts to be serviced
out of the Massachusetts factory service center and the new Tampa,
Florida service center.
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.
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
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