June 28, 2018 - 9:00 AM EDT
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Tecogen Sells Replacement Chiller to Connecticut School System

WALTHAM, Mass., June 28, 2018 (GLOBE NEWSWIRE) -- Tecogen Inc. (NASDAQ:TGEN), a clean energy company providing ultra-efficient, clean, natural gas powered on-site power, heating and cooling equipment, has sold a new 150 ton TECOCHILL chiller system to a prominent Connecticut elementary school to replace an existing Tecogen chiller system that had reached the end of its useful life.  The new TECOCHILL system will provide greater efficiency and improved environmental benefits, and will benefit from State incentives available only to engine driven chillers that can reduce peak demand on the grid.

Jeff Glick, Tecogen’s Vice President of Sales commented, “This school system has been an excellent customer for almost 20 years. The new TECOCHILL system provides important upgrades for the school system including greater capacity, improved efficiency, modern refrigerant technology, and Ultera emissions controls.  The project includes a new service contract to ensure the chiller provides the expected economic benefits for the next 20 years.”

The chiller was sold by Clover Corporation, Tecogen’s manufacturer’s representative in Connecticut.  Clover sold the original chiller system to the school system, which relies solely on TECOCHILL systems for all of its cooling needs, including for the high school in the same school district.  Brian Cullinane, President of Clover Corporation noted, “This school system recognizes the savings of natural gas engine cooling and its decision to replace the existing unit with a new TECOCHILL system is testimony to its satisfaction with the TECOCHILL system and the economic and environmental benefits it provides.”     

Benjamin Locke, Tecogen’s CEO added, “Our TECOCHILL product is the only natural gas engine-driven chiller system available for cooling large facilities like this school.  The cost savings and environmental benefits of the Tecogen technology made it a simple decision for the school system to update its chiller system with Tecogen’s updated and enhanced chiller technology.”

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 35 years, Tecogen has shipped more than 3,000 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 e+, Ilios, Tecochill, and Ultera are registered or pending trademarks of Tecogen Inc.

About Clover
Located in Southern New England, Clover Corporation has been a family owned and operated HVAC equipment distributor since 1976. It was first started by Harry and Eileen Cullinane to offer quality HVAC equipment to the Natural Gas HVAC marketplace.  Since then the company has become the area’s foremost expert on Natural Gas cooling and Infra-red radiant heating, specializing in offering the most efficient gas heating and cooling equipment available today. Whether it’s a 95% efficient residential gas furnace, a commercial gas/electric, an electric heat pump rooftop, or a 400-ton natural gas engine driven chiller, Clover prides itself on serving each customer’s specific needs.

Forward Looking Statements
This press release contains “forward-looking statements” which may describe strategies, goals, outlooks or other non-historical matters, or projected revenues, income, returns or other financial measures, that may include words such as "believe," "expect," "anticipate," "intend," "plan,"  "estimate," "project," "target," "potential," "will," "should," "could," "likely," or "may" and similar expressions intended to identify forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements. Given these uncertainties, you should not place undue reliance on these forward-looking statements. Forward-looking statements speak only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements.

In addition to those factors described in our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q under “Risk Factors”, among the factors that could cause actual results to differ materially from past and projected future results are the following: fluctuations in demand for our products and services, competing technological developments, issues relating to research and development, the availability of incentives, rebates, and tax benefits relating to our products and services, changes in the regulatory environment relating to our products and services, integration of acquired business operations, and the ability to obtain financing on favorable terms to fund existing operations and anticipated growth.

Tecogen Media & Investor Relations Contact Information:
Benjamin Locke, CEO
P: (781) 466-6402
E: [email protected] 

John N. Hatsopoulos    
P: (781) 622-1120
E: [email protected]

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Source: GlobeNewswire (June 28, 2018 - 9:00 AM EDT)

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