Ilios Unlocks Atlanta Market with Sale of Two Units

WALTHAM, Mass., Sept. 22, 2015 /PRNewswire/ -- Ilios Dynamics Inc., a subsidiary of Tecogen^® Inc. (NASDAQ: TGEN) today announced the sale of two HEWH-500-WS natural gas engine-driven heat pump modules to construction services firm CFLane for installation in Atlanta, GA. The modules will be installed in the firm's headquarters and will generate nearly 1,000,000 BTU/hr of heat and over 40 tons of cooling for the facility. The centerpiece of a major energy efficiency retrofit to the building's aging mechanical systems, the Ilios modules will serve simultaneous heating and cooling loads in the building's retail, office, and apartment spaces.

"The mixed-use nature of the building coupled with much needed cooling during Atlanta's hot summer months makes the Ilios units a logical fit for the site's needs," said Raymond van Beveren, CFLane's Senior Vice President, Construction Services. Speaking about the project, Robert Panora, President and COO of Tecogen agreed, "This installation is an excellent example of Ilios technology's ideal customer application." Ilios generated hot water is produced at twice the efficiency of traditional boiler systems and generates useful cooling as a free byproduct; resulting in substantial natural gas savings as well as electricity savings by offsetting energy that would have been consumed by the existing boilers and chillers. Additionally, due to the high efficiency of the Ilios modules there will be a significant carbon emission reduction realized by the facility.

"We are excited to break into a burgeoning market such as Atlanta," said Stephen Lafaille, Ilios Product Manager. "It is the next step for us as we have been seeding the market in the various major metropolitan areas along the East Coast. We look forward to building off of this initial sale and increasing our presence in Atlanta." 

About CFLane
CFLane is an Atlanta-based multifamily real estate services firm overseeing approximately 40,000 units. The company is an affiliated entity of privately held real estate and investment management firm Cocke Finkelstein, Inc., which acquired Atlanta based Lane Company in 2013 and merged operations, becoming a top 35 NMHC national provider. With decades of multifamily industry experience amongst the team, the firm has evolved into a leading provider of multifamily services including property management, asset management, and consulting. http://www.cflane.com/

About Ilios
Ilios Inc., a subsidiary of Tecogen Inc., was formed in April 2009 to develop and distribute a line of ultra high-efficiency heating products for commercial and industrial applications utilizing advanced thermodynamic principles. Products incorporate mechanical work to extract heat from the environment to supplement chemical energy available from natural gas or propane. The result is a significant boost in efficiency and reduced carbon emissions relative to conventional heating systems. Please visit www.iliosdynamics.com.  

About Tecogen
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 building'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.

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.

Related Links

http://www.tecogen.com