STOCK TITAN

Tecogen Receives Orders for 8 Tecopower Cogeneration Systems

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags

Tecogen (OTCQX:TGEN) has secured orders for eight 75KW Tecopower cogeneration systems for multiple buildings and customers in the Northeast region. The orders were obtained through Tecogen's project developer relationships. CEO Abinand Rangesh noted that these orders were anticipated during the November investor call, fulfilling expectations to increase the company's backlog before year-end.

Tecogen (OTCQX:TGEN) ha ricevuto ordini per otto sistemi di cogenerazione Tecopower da 75KW per diversi edifici e clienti nella regione del Nordest. Gli ordini sono stati ottenuti attraverso le relazioni con i progettisti di Tecogen. Il CEO Abinand Rangesh ha sottolineato che questi ordini erano previsti durante la chiamata agli investitori di novembre, soddisfacendo le aspettative di aumentare l'ordine accumulato dell'azienda prima della fine dell'anno.

Tecogen (OTCQX:TGEN) ha asegurado pedidos para ocho sistemas de cogeneración Tecopower de 75KW para varios edificios y clientes en la región noreste. Los pedidos se obtuvieron a través de las relaciones con los desarrolladores de proyectos de Tecogen. El CEO Abinand Rangesh señaló que estos pedidos eran anticipados durante la llamada para inversores de noviembre, cumpliendo con las expectativas de aumentar la cartera de pedidos de la empresa antes de que termine el año.

테코젠 (OTCQX:TGEN)은 북동부 지역의 여러 건물과 고객을 위한 75KW 테코파워 코제너레이션 시스템 8대에 대한 주문을 확보했습니다. 이 주문은 테코젠의 프로젝트 개발자 관계를 통해 얻어졌습니다. CEO 아비난드 랭게시(Abinand Rangesh)는 이러한 주문이 11월 투자자 전화 회의 중에 예상되었던 것으로, 연말 전에 회사의 백오더를 증가시키려는 기대를 충족했다고 언급했습니다.

Tecogen (OTCQX:TGEN) a sécurisé des commandes pour huit systèmes de cogénération Tecopower de 75KW pour plusieurs bâtiments et clients dans la région du Nord-Est. Les commandes ont été obtenues grâce aux relations de Tecogen avec les développeurs de projets. Le PDG Abinand Rangesh a noté que ces commandes étaient anticipées lors de l'appel aux investisseurs de novembre, répondant aux attentes d'augmenter le carnet de commandes de l'entreprise avant la fin de l'année.

Tecogen (OTCQX:TGEN) hat Bestellungen für acht 75KW Tecopower-Kogenerationssysteme für mehrere Gebäude und Kunden in der Nordostregion gesichert. Die Bestellungen wurden durch die Projektentwicklerbeziehungen von Tecogen erhalten. CEO Abinand Rangesh bemerkte, dass diese Bestellungen während des Investorenanrufs im November erwartet wurden und die Erwartungen erfüllten, den Auftragsbestand des Unternehmens vor Jahresende zu erhöhen.

Positive
  • Secured orders for 8 new 75KW Tecopower systems
  • Successfully expanding presence in Northeast region
  • Growing backlog as projected in previous investor guidance
Negative
  • None.

BILLERICA, MA / ACCESSWIRE / December 10, 2024 / Tecogen Inc. (OTCQX:TGEN), a clean energy company providing ultra-efficient and clean on-site power, heating and cooling equipment, is pleased to announce orders for eight 75KW Tecopower cogeneration systems for multiple buildings and customers in the Northeast. These orders were generated through Tecogen's project developer relationships.

"As mentioned during the investor call in November, we expected to add to the backlog before year end as there were multiple projects close to the finish line. I am glad to see these come to fruition." commented Abinand Rangesh, Tecogen's CEO.

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," "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. 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 the Risk Factors described in our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q under "Risk Factors," factors that could cause our actual results to differ materially from past and projected future results include the impact of renewable energy biases on demand for our products, the availability of incentives, rebates and tax benefits relating to our products, changes in the regulatory environment, competing technological developments, and the availability of financing to fund our operations and growth.

About Tecogen

Tecogen Inc. designs, manufactures, sells, installs, and maintains high efficiency, ultra-clean, cogeneration products including combined heat and power, air conditioning systems and high-efficiency water heaters for residential, commercial, recreational and industrial applications. The company's cost efficient, reliable, and environmentally friendly products for energy production nearly eliminate criteria pollutants and significantly reduce customers' carbon footprint.

In business for over 35 years, Tecogen has shipped more than 3,200 units, supported by an established network of engineering, sales, and service personnel in key markets in North America. Aggregate run-hours on Tecogen's cogeneration systems exceed 6 million hours. For more information, please visit www.tecogen.com or contact us for a free Site Assessment.

Tecogen, InVerde e+, Ilios, Tecochill, Tecofrost, Tecopack, Tecopower, and Ultera are registered trademarks of Tecogen Inc.

Tecogen Media & Investor Relations Contact Information:

Abinand Rangesh, CEO
P: (781) 466-6487
E: Abinand.Rangesh@Tecogen.com

SOURCE: Tecogen, Inc.



View the original press release on accesswire.com

FAQ

How many Tecopower cogeneration systems did Tecogen (TGEN) order in December 2023?

Tecogen received orders for eight 75KW Tecopower cogeneration systems for multiple buildings and customers in the Northeast region.

What is the power capacity of the new Tecopower systems ordered by Tecogen (TGEN)?

Each Tecopower cogeneration system ordered has a capacity of 75KW.

Where will Tecogen (TGEN) deploy the new Tecopower systems ordered in December 2023?

The Tecopower systems will be deployed at multiple buildings in the Northeast region of the United States.

TECOGEN INC

OTC:TGEN

TGEN Rankings

TGEN Latest News

TGEN Stock Data

42.25M
13.37M
47.1%
0.04%
Electrical Equipment & Parts
Industrials
Link
United States of America
Waltham