American DG Energy subsidiary wins exclusive rights for sale of Tecogen products in Europe

Source: American DG Energy Inc.

American DG Energy Inc. (NYSE: ADGE) a leading OnSite Utility, announced that in addition to its rights in the United States, the Company's European subsidiary, EuroSite Power Inc., now has exclusive rights in Europe to sell all current and future Tecogen Inc. products, deployed with the On-Site Utility business model. 

Under the terms of the agreement, EuroSite Power has been granted exclusive representation rights in Europe to all products manufactured by Tecogen which are installed as an On-Site Utility. Tecogen products covered by the agreement include: combined heat and power or cogeneration systems, natural gas chiller cooling systems, ultra high-efficiency heating systems and enhanced emission control systems. 

"To add to our promising growth in the United States, American DG Energy's subsidiary, EuroSite Power, will now be able to take advantage of the current and future products developed by Tecogen for our On-Site Utility energy business," said John N. Hatsopoulos, Chief Executive Officer of 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.

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