American DG Energy To Expand Presence into China and Japan as Exclusive Distributor of Tecogen Products
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WALTHAM, Mass. - May 13, 2014 (www.investorideas.com newswire) American DG Energy Inc. (NYSE MKT: ADGE), a leading On-Site Utility, offering clean electricity, heat, hot water and cooling solutions to hospitality, healthcare, housing and athletic facilities, has reached an agreement with Tecogen Inc., manufacturer of combined heat and power (CHP) and chiller systems, as their exclusive distributor in China, Hong Kong and Japan for these products.
John Hatsopoulos, Chief Executive Officer of American DG Energy says "We have begun to receive inquiries from China and Japan. It is time to bring our On-Site Utility energy business model with highly efficient, low emissions technology to the largest economies in Asia. We believe these markets have experienced significant growth in our core hospitality, housing and healthcare markets. Plus, high energy costs coupled with increasing environmental concerns make this a good potential region."
American DG Energy supplies low-cost energy to its customers through distributed power generating systems. The Company is committed to providing institutional, commercial and small industrial facilities with clean, reliable power, cooling, heat and hot water at lower costs than charged by local utilities – without any capital or start-up costs to the energy user – through its On-Site Utility energy solutions. American DG Energy is headquartered in Waltham, Massachusetts. Learn more about how American DG Energy (NYSE MKT: ADGE) reduces energy costs at www.americandg.com or follow us on Facebook and Twitter.
About American DG Energy
American DG Energy supplies low-cost energy to its customers through distributed power generating systems. The Company is committed to providing institutional, commercial and small industrial facilities with clean, reliable power, cooling, heat and hot water at lower costs than charged by local utilities – without any capital or start-up costs to the energy user – through its On-Site Utility energy solutions. American DG Energy is headquartered in Waltham, Massachusetts. More information can be found at www.americandg.com.
This press release contains 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. This press release does not constitute an offer to buy or sell securities by the Company, its subsidiaries or any associated party and is meant purely for informational purposes. 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.
Christine Cobuzzi Senior Marketing Specialist American DG Energy Inc. 45 First Avenue Waltham, MA 02451 phone: (781) 522-6014 fax: (781) 522-6050
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