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American DG Energy, Inc. (ADGE) Announces Exclusive Rights Agreement for Europe

American DG Energy Inc. supplies low-cost energy to its customers through distributed power generating systems. The company offers clean electricity, heat, hot water and cooling solutions to hospitality, healthcare and other industrial facilities at lower costs than charged by local utilities. It does this without any capital or start-up costs to the energy user through its On-Site Utility energy solutions.

For customers seeking an alternative to the outright purchase of on-site energy systems, American DG Energy will design, install, own, operate and maintain a combined heat and power system. Since American DG owns the on-site energy system, customers pay no capital costs, operating costs or maintenance costs. They only pay for the energy used.

The company announced yesterday that in addition to its rights in the United States, the company’s European subsidiary – EuroSite Power Inc. – now has exclusive rights agreement in Europe to sell all current and future Tecogen Inc. products, deployed with the On-Site Utility business model. Tecogen products covered by the agreement include: combined heat and power or cogeneration systems, natural gas chiller cooling systems, ultra high-efficiency heating systems and enhanced emission control systems.

The CEO of American DG Energy, John N. Hatsopoulos, commented on the agreement. He said, “To add to our promising growth in the United States…EuroSite Power will now be able to take advantage of the current and future products developed by Tecogen for our On-Site Utility energy business.”

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