Tecogen Signs 25 Long-Term Service Contracts with Large Housing Provider in Canada
July 20 2021 - 9:00AM
via NewMediaWire -- Tecogen Inc. (OTCQX: TGEN), a clean energy
company providing ultra-efficient and clean on-site power, heating,
and cooling equipment, is pleased to announce the completion of 25
long-term maintenance services contracts with the management of a
large residential complex in Toronto, Ontario. The 20-year
contracts provide for the maintenance of 31 InVerde e+ cogeneration
systems as well as ancillary components. The systems will be
serviced out of Tecogen’s Ontario service center, established in
March 2020.
Each InVerde system will provide electricity and hot water for
residential buildings within the housing complexes and are expected
to run consistently year-round.
“We are excited to start full time operation of
these units which we shipped in 2020,” noted Benjamin Locke,
Tecogen’s CEO. “These units are expected to run with over 93%
uptime, which maximizes the savings for our customer as well as our
service revenues which are billed per run hour. These units
join our existing fleet of cogeneration systems and chillers
already operating in our Toronto service area.”
About Tecogen Tecogen
Inc. designs, manufactures, installs, and maintains high
efficiency and ultra-clean cogeneration products, including
combined heat and power systems, air conditioning systems, and
high-efficiency water heaters for residential, commercial,
recreational, and industrial applications. The company’s cost
efficient, reliable, and environmentally friendly products for
energy production nearly eliminate criteria pollutants and
significantly reduce customers’ 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 throughout North America.
Aggregate run hours on Tecogen’s InVerde cogeneration systems
exceeds 5 million hours. For more information, please
visit www.tecogen.com or contact us for a free Site
Assessment.
Tecogen, InVerde e+, Ilios, Tecochill, Tecofrost,
Tecopack, Tecopower, and Ultera are pending or registered
trademarks of Tecogen Inc.
Forward Looking Statements
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"expect," "anticipate," "intend," "plan," "estimate," "likely"
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forward-looking statements. These statements are only predictions
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factors that may cause our actual results to differ materially from
those expressed or implied by such 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 the Risk Factors described in our Annual Report
on Form 10-K and our Quarterly Reports on Form 10-Q under “Risk
Factors,” factors that could cause our actual results to differ
materially from past and projected future results include the
impact of the coronavirus pandemic on demand for our products and
services, the availability of incentives, rebates and tax benefits
relating to our products, changes in the regulatory environment
relating to our products, competing technological developments, and
the availability of financing to fund our operations and
growth.
Tecogen Media & Investor Relations
Contact Information:
Benjamin Locke, CEO
P: (781) 466-6402
E: Benjamin.Locke@Tecogen.com
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