WALTHAM, Mass., May 3, 2016 /PRNewswire/ -- EuroSite Power
Inc. (OTCQX: EUSP, the "Company"), an On-Site Utility solutions
provider, offering clean electricity, heat, hot water and cooling
solutions to healthcare, hospitality, housing and leisure centers
in the United Kingdom (UK) and
Europe, is pleased to announce the
Company's Chairman of the Board of Directors, Dr. John N. Hatsopoulos, has been appointed to the
OTCQX® U.S. Advisory Council. The nomination for Dr.
Hatsopoulos came after EuroSite Power upgraded from the
OTCQB® Venture Market to the OTCQX® Best
Market in January of this year.
The purpose of the OTCQX U.S. Advisory Council is to give OTCQX
companies a voice in shaping their market and to help
improve the overall experience for
investors. The Advisory Council is comprised of senior
management from U.S. companies traded on the OTCQX Best Market.
"I am honored to join the team of distinguished executives
serving on the Council," said Dr. Hatsopoulos. "I look forward to
offering my perspective on the issues facing OTCQX traded companies
and in working to ensure a superior experience for companies,
investors and brokers who participate on the OTCQX market."
Dr. Hatsopoulos is one of the original founders of Thermo
Electron Corp. (now Thermo Fisher Scientific) and the retired
president and vice chairman of the board of directors. He served as
chief financial officer for Thermo Electron and all of its public
subsidiaries from 1988 until 1998. Dr. Hatsopoulos was well known
for his financial strategy innovation; his spinout strategy
resulted in 24 public companies and raised close to $5 billion of capital.
Dr. Hatsopoulos graduated from Athens College in Athens, Greece, in 1953. He holds a B.S. in
history and mathematics from Northeastern
University, together with Honorary Doctorates in Business
Administration from Boston College and
Northeastern University. He served on
the board of directors of the American Stock Exchange from 1994
through 2000 and the AMEX Nominating Committee from 1990 to 1994.
In addition to his role as Chairman of EuroSite Power, Dr.
Hatsopoulos is also co-Chief Executive Officer and Director of both
Tecogen Inc. (NASDAQ: TGEN) and American DG Energy (NYSE MKT:
ADGE).
The OTCQX Best Market offers the best informed and most
efficient trading for established, investor-focused U.S. and global
companies. To qualify for OTCQX, companies must meet high financial
standards, demonstrate compliance with U.S. securities laws, be
current in their disclosure, and be sponsored by a professional
third-party advisor. OTCQX ensures that investors and brokers have
the quality of information that's necessary to intelligently
analyze, value, and trade their securities.
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 Inc. is committed
to providing 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 - through
On-Site Utility energy solutions. For more information about
our unique efficient power solutions please visit
www.eurositepower.co.uk and follow us on Twitter and
LinkedIn.
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, including its annual report on
Form 10-K for the fiscal year ended December
31, 2015. 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.
Investor Contact:
|
Media
Contact:
|
Ariel F. Babcock, CFA
|
Paul
Hamblyn
|
EuroSite Power Inc.
|
EuroSite Power
Inc.
|
+1 781.466.6413
|
+44
792.085.9540
|
ariel.babcock@eurositepower.co.uk
|
paul.hamblyn@eurositepower.co.uk
|
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SOURCE EuroSite Power Inc.