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Tecogen Receives Orders for 7 DTX Chillers for Las Vegas Convention Center
NYSE - LSE
Tecogen Receives Orders for 7 DTX Chillers for Las Vegas Convention Center
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 seven 400-ton DTX chillers for the iconic Las Vegas Convention Center. These chillers are part of a project to modernize the convention center's Central Cooling Plant with newer, more efficient chillers, pumps, and other equipment.
"The convention center plans to use our natural gas chillers to reduce expensive peak-time electricity charges. When conventions are held, the energy and cooling loads spike. As utilities across the country face power shortages, these peak-time charges are becoming punitive. By switching to natural gas cooling during peak times, the convention center can better control its energy bills," said Jeffrey Glick, Tecogen's VP of Sales.
"We look forward to these chillers being installed at the Las Vegas Convention Center in 2025. The chillers were purchased with a comprehensive 10-year service contract, so we will be establishing a new service center in Las Vegas. We believe this service center will be a catalyst for additional projects in Nevada," said 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: [email protected]
SOURCE: Tecogen, Inc.
D.Fischer--BlnAP
