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TECOGEN ANNOUNCES FIRST QUARTER RESULTS

 WALTHAM, Mass., Feb. 9 /PRNewswire/ -- Tecogen Inc. (AMEX: TGN) today reported that revenues for the three months ended January 2, 1993, were $17,844,000, compared with $8,077,000 in 1992. Net income was $213,000, compared with $37,000 in 1992.
 Marshall J. Armstrong, chairman and chief executive officer of Tecogen, said, Rour improved financial performance during the first quarter reflects a marked increase in operating income, largely due to the contribution of our recently acquired FES, Inc. subsidiary. FES is a manufacturer of industrial refrigeration systems used primarily by food-processing and petrochemical industries worldwide. Also, our Crusader Engine division, which builds marine engines and natural gas engines for vehicular and industrial applications, experienced a 31 percent increase in sales compared with the same quarter a year ago.
 Tecogen Inc. manufactures, markets, and services natural gas engines for vehicular and stationary applications, marine engines, industrial refrigeration equipment, and natural gas- fueled commercial cooling and cogeneration systems. The company also conducts research and development on advanced systems for clean-coal combustion and other high-efficiency gas-fueled devices. Tecogen is a public subsidiary of Thermo Electron Corporation.
 TECOGEN INC. FINANCIAL HIGHLIGHTS
 Three Months Ended
 Jan. 2, 1993 Dec. 28, 1992
 Total Revenues $17,844,000 $ 8,077,000
 Income Before Provision
 for Income Taxes 368,000 78,000
 Net Income 213,000 37,000
 Earnings per Share .03 --
 Weighted Average Shares 7,902,000 7,886,000
 -0- 2/9/93
 /CONTACT: John N. Hatsopoulos of Tecogen, Inc. at 617-622-1111
 (TMO TGN)


CO: Tecogen; Thermo Electron ST: Massachusetts IN: SU:

TM -- NE003 -- 4456 02/09/93 08:24 EST
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Publication:PR Newswire
Date:Feb 9, 1993
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