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TECOGEN ANNOUNCES SECOND QUARTER RESULTS

 TECOGEN ANNOUNCES SECOND QUARTER RESULTS
 WALTHAM, Mass., May 12 /PRNewswire/ -- Tecogen Inc. (AMEX: TGN)


today reported that revenues for the quarter ended March 28, 1992, were $8,218,000, compared with $7,070,000 in 1991. Net loss was $6,000, compared with a net loss of $291,000 in 1991.
 Marshall J. Armstrong, chairman and chief executive officer of Tecogen, said, "This has been an exciting quarter for our company. Not only did we receive our first significant production order for 100 turbocharged natural gas vehicle engines from a major school bus manufacturer, but we also acquired Crusader Engine, which provides us with a first-rate facility for producing both our natural gas engines and our cogeneration systems.
 "We want to remind our shareholders that the Crusader acquisition has been accounted for using a method similar to a pooling of interests. This has required that the three-and six-month results we reported a year ago be combined with Crusader's results as though it was a part of Tecogen at that time. For the second quarter of 1991, Tecogen had reported net income of $58,000, or $.01 per share, on revenues of $4,963,000, and for the six-month period, net income of $89,000, or $.01, on revenues of $8,806,000."
 Tecogen Inc. manufactures, markets, and services natural gas-fueled cogeneration and commercial cooling systems and marine engines. The company also conducts research and development on low- emission natural gas engines for vehicles; pump, compressor, and electric generator drives; as well as advanced systems for clean-coal combustion and other high-efficiency gas-fueled devices. Tecogen is a public subsidiary of Thermo Electron Corporation (NYSE: TMO).
 Tecogen Inc. Financial Highlights
 Three Months Ended Six Months Ended
 3/28/92 3/30/91 3/28/92 3/30/91
 Total Revenues $8,218,000 $7,070,000 $16,295,000 $13,160,000
 Income (Loss)
 Before Income
 Taxes (21,000) (419,000) 57,000 (999,000)
 Net Income (Loss) (6,000) (291,000) 31,000 (674,000)
 Earnings Per Share -- (.04) -- (.09)
 Weighted Average
 Shares 7,891,000 7,863,000 7,889,000 7,856,000
 Financial data has been restated to reflect the March 1992 acquisition of the Crusader Engine division of Thermo Electron Corporation, accounted for in a manner similar to the pooling- of-interests method.
 -0- 5/12/92
 /CONTACT: John N. Hatsopoulos of Tecogen, 617-622-1111/
 (TGN TMO) CO: Tecogen Inc.; Thermo Electron Corporation ST: Massachusetts IN: CPR SU: ERN


DD -- NE007 -- 8975 05/12/92 09:13 EDT
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Publication:PR Newswire
Date:May 12, 1992
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