WALTHAM, MA / ACCESSWIRE / May 22, 2024 / Tecogen Inc. (OTCQX:TGEN) acquires balance of plant contracts in Canada. Currently Tecogen is servicing the cogeneration units but does not service ancillary equipment. This contract is an expansion of the existing agreements and will result in approximately $400,000 to $500,000 annually in additional revenue for our Canadian service center.
"I'm pleased to see that customers are choosing to expand the scope of services with us" said Abinand Rangesh, Tecogen's CEO. "This addition to our existing service offering in Canada allows us to not only increase our recurring revenue but sets us up well for future expansion in Ontario."
About Tecogen
Tecogen Inc. designs, manufactures, sells, installs, and maintains high efficiency, ultra-clean, cogeneration products including combined heat and power, air conditioning systems and high-efficiency water heaters for residential, commercial, recreational, and industrial use. The company's cost efficient, reliable, and environmentally friendly products for energy production nearly eliminate criteria pollutants and significantly reduce a customer's carbon footprint.
In business for over 35 years, Tecogen has shipped more than 3,200 units, supported by an established network of engineering, sales and service personnel throughout North America. Aggregate run hours on Tecogen's systems exceed 10 million hours. For more information, please visit www.tecogen.com or contact us for a free energy savings analysis.
Tecogen, InVerde e+, Ilios, Tecochill, Tecofrost, Tecopack, Tecopower and Ultera, are registered trademarks of Tecogen Inc.
Forward Looking Statements
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Tecogen Media & Investor Relations Contact Information:
Abinand Rangesh, CEO
P: (781) 466-6487
E: Abinand.rangesh@Tecogen.com
SOURCE: Tecogen, Inc.
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