Tecogen Sells 300kW InVerde System to Coney Island Development

WALTHAM, Mass., Aug. 25, 2016 /PRNewswire/ -- Tecogen® Inc. (NASDAQ: TGEN), provider of clean energy products which, through patented technology, nearly eliminate criteria pollutants and significantly reduce a customer's carbon footprint, today announced the sale of three InVerde 100 kW units to a multi-family residential building in the Coney Island section of Brooklyn, NY. Worth over half a million dollars, the efficient cogeneration equipment will come fitted with Tecogen's patented Ultera® ultra-low emissions technology as well as exclusively licensed CERTs microgrid control software.

Tecogen Inc. logo. (PRNewsFoto/Tecogen Inc.)

John Hatsopoulos, Tecogen's Co-Chief Executive Officer noted, "I'd like to congratulate the sales team on this latest order, they have been doing an excellent job developing projects and turning them into order wins. As we said on our second quarter earnings call a few weeks ago (transcript here), this strong backlog sets us up to deliver what we expect will be compelling results over the next several quarters."

Commenting on the latest project, Tecogen's President and Chief Operating Officer Robert Panora noted, "Because of the InVerde's patented and UL-certified inverter technology, the units are eligible for fast-track permitting, streamlining equipment installation.  With their state-of-the-art CERTs microgrid software, the three units can operate in tandem, seamlessly balancing the facility's demand. Similarly, in case of blackout, the sophisticated cogeneration system can disconnect from the grid completely and operate in island-mode – ensuring building occupants are never left in the dark and offering essential emergency power."  

First launched in 2008, the time-tested installed InVerde fleet has now logged over 2 million hours of run time, demonstrating proven reliability.  Tecogen's  latest upgrade to the InVerde line of efficient combined heat and power units was launched this spring with several new and important features unmatched by competing offerings. Among the most notable new additions, the new InVerde e+ offers improved best-in-class electrical efficiency, seamless DC input integration with battery or renewable power systems, features rapid 10 second blackstart capability (qualifying the equipment as meeting the strict National Fire Protection Association Type 10 standard for Emergency and Standby Power Systems), and runs on a standard 4" gas pressure (eliminating the need for costly gas boosters or compression equipment).

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 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 or contact us for a free Site Assessment.  

Tecogen, InVerde, Ilios, Tecochill, Ultera, and e+, are registered trademarks or trademark pending registration of Tecogen Inc.

Forward Looking Statements
This press release may contain 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 Media & Investor Relations 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.