WALTHAM, Mass., Dec. 2, 2015 /PRNewswire/
-- Tecogen® Inc. (NASDAQ: TGEN) today announced the
sale of multiple replacement TECOCHILL® chillers to
returning customer Newport East. Located on New York City's Upper East Side, Newport
East's 366-unit coop includes retail space as well as a heated
rooftop swimming pool. Worth over half a million dollars, the new
contract includes replacement of the aging units along with a
renewed long-term service agreement for complete ongoing equipment
maintenance.
"The true power of the TECOCHILL technology is most evident in
the summertime when electricity rates are at their highest – often
incurring peak-usage charges – but when natural gas pricing is 'off
peak' and especially affordable. A double bonus for customers,"
noted Robert Panora, Tecogen
President and Chief Operating Officer.
Offering the only natural gas powered chiller on the market,
TECOCHILL systems can cut a building's cooling costs in half by
eliminating most of the electrical demand associated with providing
traditional cooling. Newport East's consistent heating and cooling
needs make the site well suited for Tecogen's equipment as waste
heat from the engine and exhaust are recycled to provide domestic
hot water for residents. First installed in 1989, the original
Tecogen equipment has reliably supplied central air-conditioning to
the 19-floor building for over 25 years.
Speaking about the project, Panora added, "Receiving replacement
orders from longtime customers is a validation of Tecogen's
equipment and servicing model and a testament to the compelling
value proposition we offer the market."
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.
Tecogen Investor
Relations & Media Contact Information:
|
|
Ariel F. Babcock,
CFA
|
John N.
Hatsopoulos
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P: (781)
466-6413
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P: (781)
622-1120
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E:
Ariel.Babcock@tecogen.com
|
E:
John.Hatsopoulos@tecogen.com
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SOURCE Tecogen Inc.