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

WALTHAM, Mass., July 29 /PRNewswire-FirstCall/ — American DG Energy Inc. (NYSE Amex: ADGE), a leading OnSite Utility, offering clean electricity, heat, hot water and cooling solutions to hospitality, healthcare, housing and athletic facilities, today announced that in addition to its rights in the United States, the Company’s European subsidiary, EuroSite Power Inc., now has exclusive rights in Europe to sell all current and future Tecogen Inc. products, deployed with the On-Site Utility business model.

Under the terms of the agreement, EuroSite Power has been granted exclusive representation rights in Europe to all products manufactured by Tecogen which are installed as an On-Site Utility.  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.

“To add to our promising growth in the United States, American DG Energy’s subsidiary, 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,” said John N. Hatsopoulos, Chief Executive Officer of American DG Energy.

About American DG Energy

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


This press release contains 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. This press release does not constitute an offer to buy or sell securities by the Company, its subsidiaries or any associated party and is meant purely for informational purposes. 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.

Thursday, July 29th, 2010 Uncategorized
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