WALTHAM, Mass., Aug. 25, 2016 /PRNewswire/
-- Tecogen® Inc. (NASDAQ: TGEN), provider of clean
energy products which, through patented technology, nearly
eliminate criteria pollutants and significantly reduce a customer's
carbon footprint, today announced the sale of three InVerde 100 kW
units to a multi-family residential building in the Coney Island
section of Brooklyn, NY. Worth
over half a million dollars, the efficient cogeneration equipment
will come fitted with Tecogen's patented Ultera® ultra-low
emissions technology as well as exclusively licensed CERTs
microgrid control software.
John Hatsopoulos, Tecogen's
Co-Chief Executive Officer noted, "I'd like to congratulate the
sales team on this latest order, they have been doing an excellent
job developing projects and turning them into order wins. As we
said on our second quarter earnings call a few weeks ago
(transcript here), this strong backlog sets us up to deliver what
we expect will be compelling results over the next several
quarters."
Commenting on the latest project, Tecogen's President and Chief
Operating Officer Robert Panora
noted, "Because of the InVerde's patented and UL-certified inverter
technology, the units are eligible for fast-track permitting,
streamlining equipment installation. With their
state-of-the-art CERTs microgrid software, the three units can
operate in tandem, seamlessly balancing the facility's demand.
Similarly, in case of blackout, the sophisticated cogeneration
system can disconnect from the grid completely and operate in
island-mode – ensuring building occupants are never left in the
dark and offering essential emergency power."
First launched in 2008, the time-tested installed InVerde fleet
has now logged over 2 million hours of run time, demonstrating
proven reliability. Tecogen's latest upgrade to the
InVerde line of efficient combined heat and power units was
launched this spring with several new and important features
unmatched by competing offerings. Among the most notable new
additions, the new InVerde e+ offers improved best-in-class
electrical efficiency, seamless DC input integration with battery
or renewable power systems, features rapid 10 second blackstart
capability (qualifying the equipment as meeting the strict National
Fire Protection Association Type 10 standard for Emergency and
Standby Power Systems), and runs on a standard 4" gas pressure
(eliminating the need for costly gas boosters or compression
equipment).
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.