Tecogen Announces Quarter End Backlog of $14 Million

WALTHAM, Mass., July 12, 2016 /PRNewswire/ -- Tecogen^® Inc. (NASDAQ: TGEN), a leading provider of cost efficient, clean and reliable products for power production, heating and cooling which, through patented technology, nearly eliminate criteria pollutants and significantly reduce a customer's carbon footprint, today announced backlog of products and installation services as of June 30, 2016 was $14.0 million, more than 20% growth over prior quarter ended backlog of $11.5 million (as of March 31, 2016).

"As was demonstrated by notable project wins in the quarter, the sales team is executing well and our work to build relationships with key project partners is starting to pay off.  The multi-unit order for a Long Island school district, the full turnkey order from a New Jersey developer we have worked closely with in the past, continued growth in the indoor ag market for our chillers, the repeat order from Stanley Black & Decker, and announcement of our third project with FirstService Residential all are notable accomplishments that drove backlog well above management's goal of delivering at least $10 million in quarterly backlog," said Benjamin Locke, Co-Chief Executive Officer.

Tecogen has shipped over 185 megawatts of ultra-efficient natural gas fueled equipment including combined heat and power, chillers, and heat pump capacity. The company's reliable machinery has generated over 7 billion kilowatt hours of energy - powering residential, commercial, recreational and industrial facilities worldwide. Using the patented Ultera emissions control technology to cut emission of harmful pollutants (including NOx, CO, and hydrocarbons) down to near-zero levels, on par with fuel cells, Tecogen equipment is among the cleanest and most reliable solutions for clean power generation available today.

About Tecogen
Tecogen^® Inc. designs, manufactures, sells, installs, and maintains high efficiency, ultra-clean, cogeneration products including natural gas engine-driven combined heat and power, 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  or contact us for a free Site Assessment.  

Tecogen, InVerde, Ilios, Tecochill, Ultera, and e⁺, are registered trademarks or trademark pending registration of Tecogen Inc.

Forward Looking Statements
This press release may contain 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.

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SOURCE Tecogen Inc.