ADGE Welcomes New Investors
WALTHAM, Mass., Aug. 4, 2014 /PRNewswire/ -- John Hatsopoulos, CEO of American DG Energy Inc. (NYSE MKT: ADGE), a leading On-Site Utility offering clean electricity, heat, hot water and cooling solutions to hospitality, healthcare, housing and athletic facilities, welcomes new investors from its recent offering scheduled to close on Wednesday, August 6.
After closing of the offering, scheduled for August 6th, American DG Energy will have approximately $11.1M of cash, net working capital of approximately $12.2M and approximately $2.4M of prepaid projects in process.
American DG Energy 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 – through its On-Site Utility energy solutions. American DG Energy is headquartered in Waltham, Massachusetts. More information can be found at www.americandg.com.
This press release may contain forward-looking statements. All statements, other than statements of historical facts, including statements regarding American DG Energy' public offering and its anticipated closing date, are forward-looking statements. You should not place undue reliance on these forward-looking statements because they involve known and unknown risks, uncertainties and other factors that are, in some cases, beyond American DG Energy' control. Factors that could materially affect actual results can be found in American DG Energy' filings with the U.S. Securities and Exchange Commission. American DG Energy undertakes no obligation to update publicly, except to the extent required by law, any forward-looking statements for any reason after the date the company issues this press release to conform these statements to actual results or to changes in the company's expectations.
SOURCE American DG Energy Inc.