WALTHAM, Mass., Oct. 21, 2015 /PRNewswire/ -- Tecogen® Inc.
(NASDAQ: TGEN) has successfully completed Phase 1 of the prior
announced project to retrofit standby emergency natural gas
generators for non-emergency operation in Southern California and is pleased to announce
receipt of a Phase 2 order for the project. The follow-on order
comes after a successful demonstration of the ultra-clean emissions
technology up-fit to a conventional 130 kW generator at Tecogen's
Waltham facility. Low
emissions levels, comparable to a fuel cell, were maintained under
various loads and simulated load swings. The Phase 1 project
also featured the modular integration of the technology to
conventional commercial equipment (detailed in prior press releases
from October 2014 & February 2015). The multi-unit retrofit
contract is valued at nearly half a million dollars, more than all
prior combined sales of retrofit emissions kits to date.
As was previously discussed, permitting of a natural gas
generator for operation as a non-emergency operator is the most
strict permit category under South Coast Air Quality Management
District (SCAQMD) Rule 1110.2. This requires a single purpose
engine-generator to achieve the base limits published in the rule
without the heat recovery credit afforded Combined Heat and Power
(CHP) systems. The retrofitting of standby generators with
more stringent emissions technology will allow owners to
participate in Demand Response utility programs, thereby shaving
peak electric usage and removing the most punitive kilowatt-hours
from their monthly utility bill.
Speaking about the project, Tecogen President, COO and an
inventor of the patented ultra-clean emissions technology
Robert Panora noted, "The receipt of
a phase two order further validates the effectiveness of our
emissions technology. I am confident that this order is among the
first of a number of successful applications of our emissions
technology to various categories of reciprocating engine, including
those being explored by the newly formed vehicle emissions Advisory
Group announced earlier this month."
About Tecogen
Tecogen manufactures, installs, and
maintains high efficiency, ultra-clean, combined heat and power
products including natural gas engine-driven cogeneration, 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.
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. 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 Investor Relations & Media Contact
Information:
Ariel F. Babcock, CFA
P: (781) 466-6413
E: Ariel.Babcock@tecogen.com
John N. Hatsopoulos
P: (781) 622-1120
E: John.Hatsopoulos@tecogen.com
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SOURCE Tecogen