WALTHAM, Mass., Jan. 7, 2016 /PRNewswire/
-- Tecogen® Inc. (NASDAQ: TGEN) is pleased to
announce the sale of two InVerde® Ultera™ 100kW cogeneration
modules to a new construction building in Queens, NY. Straddling the Long Island City and Astoria neighborhoods the planned multi-unit
luxury residential building, as well as the heated rooftop pool,
will be partially powered by the clean and efficient InVerde
combined heat and power (CHP) units. Fitted with Tecogen's Ultera
emissions control technology and powered by cheap and abundant
natural gas, the new building will benefit from a nearly 50%
reduction in operating cost and carbon output over conventional
power and heating equipment while producing near-zero levels of
smog-forming pollutants. Worth nearly half a million dollars,
the sale includes additional engineered accessories for ease of
installation as well as a signed, full long term service
agreement.
![Tecogen Inc. logo. Tecogen Inc. logo.](http://photos.prnewswire.com/prnvar/20130409/NE91281LOGO)
Developed by one of the largest privately held real estate firms
in the United States, the building
will feature highly efficient systems which prioritize the latest
in cutting edge clean design. The InVerde units will be installed
on the building's roof, requiring special weather resistant housing
and additional sound proofing. Because of the modular design of the
equipment, allowing it to fit through standard doorways and into
typically sized elevators, the rooftop installation will take place
when the building is nearing completion late next year.
The installation is being managed by Ventrop Engineering
Consulting Group, a professional engineering firm that has done
multiple installations of Tecogen equipment in the New York area over the last several years.
Speaking about the project, Nick
Raad of Ventrop noted, "Tecogen's InVerde CHP equipment will
seamlessly connect to the grid, providing the building with backup
power in case of emergency and an efficient cost-effective power
and heating solution year-round."
Including this sale, product and installation backlog was
$11.6 million as of the end of the
fiscal fourth quarter on December 31,
2015. Year-end backlog was up from the $11.0 million reported in November in conjunction
with third quarter earnings and ahead of the Company's goal of
delivering quarter end backlog consistently above $10 million.
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
|
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.