Tecopower is the latest upgrade to the longstanding CM series
WALTHAM, Mass., June 14, 2018 (GLOBE NEWSWIRE) -- Tecogen Inc. (NASDAQ: TGEN ), a leading manufacturer of clean energy cogeneration products that, through patented technology, nearly eliminate criteria pollutants and significantly reduce a customer's carbon footprint, is pleased to announce the official roll-out of the Tecopower™ line of cogeneration products. Tecopower is the latest upgrade of the company’s long-standing CM-series and is similarly available in both 60 kW and 75 kW sizes. The most significant improvement is a 5% increase in electrical efficiency which results in significant additional savings for customers. A newly designed enclosure lowers the noise level by 5 dBa to 65 dBa at twenty feet. Notably, Tecopower is able to now operate at a gas pressure as low as four inches water-column, virtually eliminating the need to boost gas pressure.
Stephen Lafaille, Tecogen’s Product Manager stated, “What started out as a rebranding effort quickly morphed into a number of product improvements that have now really set us apart in the market. In Tecopower we have developed a CHP solution that is more efficient, quieter, and simpler to install. We shipped transition models last year, which received a warm welcome from the market, and shipments of the fully framed Tecopower will begin this quarter. As with all our products, Tecopower comes equipped with our patented Ultera® emission control system, enabling it to achieve emissions levels on par with a fuel cell at a fraction of the cost. In all, these changes add up to a powerful competitive advantage.”
Tecogen’s CEO Benjamin Locke added, “Back in the early eighties, Tecogen pioneered the modular, packaged, and standardized CHP system that is now Tecopower. This product has been a cost-effective workhorse for over 30 years. A fleet of over 1,200 units across the US has logged millions of hours of operation and saved customers millions of dollars on their energy bills. Our leadership position as innovators in the industry is key to our competitive advantage and long-term success. Tecopower is simply another step forward in our continuing effort to sustain that leadership.”
The first Tecopower systems are expected to ship by the end of this quarter.
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, InVerde e+, Ilios, Tecochill, and Ultera are registered trademarks or trademarks pending registration of Tecogen Inc.
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: Benjamin.Locke@Tecogen.com
John N. Hatsopoulos P: (781) 622-1120 E: John.Hatsopoulos@Tecogen.com
