American DG Energy Grows Installed Base.Sales Backlog Increasing As Well
WALTHAM, Mass., Feb. 6 /PRNewswire-FirstCall/ -- American DG Energy Inc. (BULLETIN BOARD: ADGE ADGE Air Defense Ground Environment ) , a leading On-Site Utility offering clean electricity, heat, hot water and cooling to hospitality, healthcare, housing and athletic facilities, announced today that it is currently operating 45 energy systems at 25 locations in the Northeast. The energy systems include both clean combined heat and power (CHP CHP Chapter
CHP Combined Heat and Power
CHP California Highway Patrol
CHP Cumhuriyet Halk Partisi (Turkish: Republican People's Party)
CHP Chemical Hygiene Plan (OSHA)
CHP Community Health Plan ) systems and efficient engine-driven chillers. The sites represent 3,495 kW of installed electricity capacity plus thermal energy thermal energy
Internal energy of a system in thermodynamic equilibrium (see thermodynamics) by virtue of its temperature. A hot body has more thermal energy than a similar cold body, but a large tub of cold water may have more thermal energy than a cup of boiling .
The Company also announced that it is currently installing 22 additional energy systems at 13 locations in the Northeast. The installations are primarily On-Site Utility energy agreements, but also include turn-key installation projects. The sites represent 1,460 kW of installed electricity capacity plus thermal energy.
"Our On-Site Utility energy agreements have proven to be very appealing to property owners," stated John Hatsopoulos, Chief Executive Officer of American DG Energy. "Our customers reduce their energy costs and improve operating cash flow Operating cash flow
Earnings before depreciation minus taxes. Measures the cash generated from operations, not counting capital spending or working capital requirements. , all without any capital investment."
About American DG Energy
American DG Energy (BULLETIN BOARD: ADGE) 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. American DG Energy is headquartered in Waltham, Massachusetts. More information can be found at http://www.americandg.com/.
This press release contains forward-looking statements under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 SEC 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.
CONTACT: John Hatsopoulos of American DG Energy Inc., +1-781-522-6020
Web site: http://www.americandg.com/