WALTHAM, Massachusetts,
June 9, 2015 /PRNewswire/
-- EuroSite Power Inc., (OTCQB: EUSP) an On-Site Utility™
solutions provider, offering clean electricity, heat, hot water and
cooling solutions to hospitality, healthcare, housing and leisure
centres in the United Kingdom (UK)
and Europe, today announced the
appointment of Dr. Elias Samaras to
the position of Chief Executive Officer of EuroSite Power Inc.
Dr. Samaras was the founder, president and managing director of
Digital Security Technologies S.A. He was also the founder and
president of Plefsis Information Systems S.A. and City Messengers.
Dr. Samaras holds a Master of Science degree from MIT and a Doctor of Philosophy from Columbia University, where he was also a
professor.
"I am very pleased that Elias Samaras has accepted the position
of CEO of EuroSite Power. He is a proven leader with extensive
business experience and qualifications to manage the future of the
company," said John N. Hatsopoulos,
Chairman of EuroSite Power.
On-Site Utility™
EuroSite Power sells the energy produced from an onsite energy
system to an individual property as an alternative to the outright
sale of energy equipment. On-Site Utility™ solution customers only
pay for the energy produced by the system and receive a guaranteed
discount rate on the price of the energy. All system capital,
installation, operating expenses and support are paid by EuroSite
Power.
About EuroSite Power
EuroSite Power Limited is a subsidiary of American DG Energy
Inc. (NYSE MKT: ADGE). The Company provides institutional,
commercial and small industrial facilities with clean, reliable
power, cooling, heat and hot water at lower costs than charged by
conventional energy suppliers – without any capital or start-up
costs to the energy user. More information can be found at
www.eurositepower.co.uk.
FORWARD-LOOKING STATEMENTS
This press release contains 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. This press
release does not constitute an offer to buy or sell securities by
the Company, its subsidiaries or any associated party and is meant
purely for informational purposes. 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.