WALTHAM, Mass., Oct. 7, 2015 /PRNewswire/ — Tecogen® Inc. (NASDAQ: TGEN) today announced the formation of an advisory group to explore immediate and future market applications of Tecogen’s patented natural gas engine emissions reduction technology to the gasoline vehicle market. Robert Panora, Tecogen President and COO, will lead the initiative. The advisory group will also include: Ahmed Ghoniem, Tecogen board member, MIT professor, and director of the Center for 21st Century Energy; Tecogen board member and retired energy sector analyst Charles Maxwell; and chemical engineering expert and former chairman and CEO of TEI Biosciences, Dr. Yiannis Monovoukas, among others. “In light of the emerging vehicle emissions crisis we thought it appropriate to examine potential applications of our breakthrough technology to the automotive industry,” said Tecogen co-CEO John Hatsopoulos.
The patented ultra-clean emissions control technology has been rigorously tested by independent labs and shown to consistently reduce the emission of criteria pollutants contributing to smog (CO and NOx) to near zero levels for natural gas engines. “Our emissions technology systems have been installed and operate successfully for both natural gas and biogas-fueled stationary engine applications for several years now,” said Mr. Panora. “We look forward to working with the members of the newly-formed advisory group to explore the potential applications of this game-changing technology to automotive gasoline engines and to focusing on developing a path for its rapid commercialization.”
Tecogen’s emissions technology, developed with funding from the California Energy Commission and Southern California Gas Company, has been independently verified by New Jersey’s Department of Environmental Protection and by AVL California Technology Center. Emissions measurements from Tecogen systems equipped with the ultra-low emissions technology conform to the current California Air Resource Board (CARB) 2007 carbon monoxide (CO) and nitrogen oxide (NOx) standards for distributed power generation. Engines retrofitted with Tecogen’s emission technology measure at or below current NG powered fuel cell emissions levels (according to publicly available data). Because of the Company’s strong belief in the value of its emissions technology, patent infringement insurance has been secured by Lloyds of London to defend unlicensed use of Tecogen’s intellectual property.
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 residential, commercial, recreational and industrial use. The company is known for cost efficient, environmentally friendly and reliable products for energy production that, through patented technology, nearly eliminate criteria pollutants and significantly reduce a customer’s carbon footprint.
In business for over 20 years, Tecogen has shipped more than 2,300 units, supported by an established network of engineering, sales, and service personnel across the United States. For more information, please visit www.tecogen.com.
Forward Looking Statements
This press release contains forward-looking statements under the Private Securities Litigation Reform Act 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 in Securities and Exchange Commission filings. The statements in this press release are made as of the date of this press release, even if subsequently made available by the Company on its website or otherwise. The Company does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.
Tecogen Investor Relations & Media Contact Information:
Ariel F. Babcock, CFA
P: (781) 466-6413
E: [email protected]
John N. Hatsopoulos
P: (781) 622-1120
E: [email protected]
SOURCE Tecogen Inc.