Aug 5, 2014
Tecogen Inc. (NASDAQ: TGEN) announced the sale of two of its Tecochill natural gas-powered chiller systems to a major US-headquartered manufacturer of home fixtures, for its existing plant in Reynosa, Tamaulipas, Mexico. The sale involves two (2) Tecochill CH-400x "DTx Series" chillers, which will serve a large facility expansion that is underway.
The chillers were sold through Tecogen's representative, Calfrost de Mexico, based on Monterrey. The chillers are expected to be installed and commissioned by winter of 2015, and will air condition part of the facility's production area.
"This worldwide manufacturer is well known for its long history of supporting efficiency and sustainability in its products, as well as its processes," said Arturo Cantu, General Manager of Calfrost. He adds, "Gas cooling is a way for such facilities to reduce costs, hedge against higher electricity rates, and gain self-sufficiency. Mexico has undertaken a broad reform of its energy sector. The use of Tecochill technology will help this individual facility control its costs, and is consistent with the goals of the country's wider reforms."
Robert Panora, President and COO of Tecogen commented "This sale was driven by some of the same fundamentals seen in the U.S. market, namely, concerns of facility owners about the high cost and reliability of electricity. We also satisfy their desire to diversify energy sources by utilizing competitively priced and plentiful supplies of environmentally friendly natural gas. The gas chillers will help relieve the local grid during times of peak demand. We're excited to help such plants achieve cost savings and productivity gains, and realize true, efficiency-driven environmental benefits."
Tecogen manufactures, installs, and maintains high efficiency, ultra-clean combined heat and power products including natural gas engine-driven cogeneration, air conditioning systems, and high-efficiency water heaters for industrial and commercial use. Tecogen has shipped more than 2,000 units, supported by an established network of engineering, sales, and service personnel across the United States.
For more information :
45 First Avenue
United States, 02451
John N. Hatsopoulos, Investor Contact
David Garrison, Tecogen Media Contact
Director of Finance