Tecogen (OTC:TGEN) Stock, Quote.Headers.trade-ideas

Tecogen

Tecogen Inc, designs, manufactures, markets, and maintains high-efficiency, ultra-clean cogeneration products. It operates in three business segments, namely Products, Services, and Energy Production. Products segment designs, manufactures, and sells industrial and commercial cogeneration systems. The services segment provides operations and maintenance services and turn-key installation for products under long-term service contracts. The Energy Production segment sells energy in the form of electricity, heat, hot water, and cooling to the customers under long-term energy sales agreements.

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PodcastOne And 2 Other Stocks Under $2 Insiders Are Buying

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Tecogen And 3 Other Stocks Under $5 Insiders Are Buying

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Tecogen Inc

The Dow Jones index closed higher by more than 200 points on Wednesday. When insiders purchase or sell shares, it indicates their confidence or concern around the company&#8217;s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.
Below is a look at a few recent notable insider transactions for penny stocks. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">LuxUrban Hotels</h3>
<ul>
<li>The Trade: LuxUrban Hotels Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUXH#NASDAQ">LUXH</a>) CFO Michael C James <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 352,941 shares at</a> an average price of $0.17. To acquire these shares, it cost around $60,000. LuxUrban's other Directors also bought shares of the company.</li>
<li>What's Happening: On July 16, LuxUrban Hotels announced the closing of public offering of securities.</li>
<li>What LuxUrban Hotels Does: LuxUrban Hotels Inc utilizes a long term lease, asset-light business model to acquire and manage a growing portfolio of short-term rental properties in metropolitan cities.</li>
</ul>
<h3 class="wp-block-heading">Tecogen</h3>
<ul>
<li>The Trade: Tecogen Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TGEN#OTC">TGEN</a>) Director Earl R Lewis <a href="https://www.benzinga.com/sec/insider-trades/">acquired a total of 10,000 shares</a> at an average price of $0.68. To acquire these shares, it cost around $6,800.</li>
<li>What's Happening: On May 8, Tecogen reported revenues of $6.2 million and net loss of $1.1 million for the quarter ended March 31.</li>
<li>What Tecogen Does: Tecogen Inc, designs, manufactures, markets, and maintains high-efficiency, ultra-clean cogeneration products. It operates in three business segments, namely Products, Services, and Energy Production.</li>
</ul>
<h3 class="wp-block-heading">PodcastOne</h3>
<ul>
<li>The Trade: PodcastOne, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PODC#NASDAQ">PODC</a>) Director D Jonathan Merriman <a href="https://www.benzinga.com/sec/insider-trades/">acquired a total of 28,000 shares</a> at an average price of $1.56. The insider spent around $43,680 to buy those shares. </li>
<li>What's Happening: On July 16, PodcastOne said it sees quarterly revenue of $13 million for the first quarter.</li>
<li>What PodcastOne Does: PodcastOne Inc is a podcast platform and publisher that makes its content available to audiences via all podcasting distribution platforms, including its website, its PodcastOne app, Apple Podcasts, Spotify, Amazon Music, and more.</li>
</ul>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/07/39814553/jim-cramer-says-dont-sell-match-group-youve-just-got-a-very-very-smart-investor-in-there">Jim Cramer Says Don&#8217;t Sell Match Group: &#8216;You&#8217;ve Just Got A Very, Very Smart Investor In There</a>&#8216;</li>
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The Dow Jones index closed higher by more than 200 points on Monday. When insiders purchase or sell shares, it indicates their confidence or concern around the company&#8217;s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.
Below is a look at a few recent notable insider transactions for penny stocks. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Bespoke Extracts</h3>
<ul>
<li>The Trade: Bespoke Extracts, Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BSPK#OTC">BSPK</a>) CEO Michael Feinsod <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 3,000 shares at</a> an average price of $0.07. To acquire these shares, it cost around $210.</li>
<li>What's Happening: The company&#8217;s stock jumped around 268% over the past six months.</li>
<li>What Bespoke Extracts Does: Bespoke Extracts Inc is focused on selling its proprietary line of specially-formulated, premium quality, hemp-derived CBD products.</li>
</ul>
<h3 class="wp-block-heading">Thunder Mountain Gold</h3>
<ul>
<li>The Trade: Thunder Mountain Gold, Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/THMG#OTC">THMG</a>) CEO Eric T Jones acqu<a href="https://www.benzinga.com/sec/insider-trades/">ired a total of 125,000 shares a</a>t an average price of $0.06. To acquire these shares, it cost around $6,875.</li>
<li>What's Happening: The company's stock gained around 38% over the past six months.</li>
<li>What Thunder Mountain Gold Does: Thunder Mountain Gold Inc is a mineral exploration stage company. It is engaged in exploring mining properties that have the potential to produce gold, silver, base metals, and other commodities.</li>
</ul>
<h3 class="wp-block-heading">Tecogen</h3>
<ul>
<li>The Trade: Tecogen Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TGEN#OTC">TGEN</a>) Director Earl R Lewis <a href="https://www.benzinga.com/sec/insider-trades/">acquired a total of 10,000 shares</a> at an average price of $0.68. The insider spent around $6,800 to buy those shares. </li>
<li>What's Happening: On May 8, Tecogen reported revenues of $6.2 million and net loss of $1.1 million for the quarter ended March 31.</li>
<li>What Tecogen Does: Tecogen Inc, designs, manufactures, markets, and maintains high-efficiency, ultra-clean cogeneration products.</li>
</ul>
<h3 class="wp-block-heading">Perfect Moment</h3>
<ul>
<li>The Trade: Perfect Moment Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PMNT#NYSE">PMNT</a>) Chief Creative Officer Jane Gottschalk <a href="https://www.benzinga.com/quote/aei/analyst-ratings">acquired a total of 5,600 shares</a> at an average price of $1.63. The insider spent around $9,129 to buy those shares.</li>
<li>What's Happening: On July 9, ThinkEquity analyst Ashok Kumar initiated coverage on Perfect Moment with a Buy rating and announced a price target of $6.</li>
<li>What Perfect Moment Does: Perfect Moment Ltd is a company which is a luxury lifestyle brand that combines fashion and technical performance for its ranges of skiwear, outerwear, swimwear, and activewear.</li>
</ul>
Read More: 
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/07/39770427/top-5-consumer-stocks-that-may-explode-in-q3">Top 5 Consumer Stocks That May Explode In Q3</a></li>
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The Dow Jones index closed lower by over 200 points on Tuesday. When insiders purchase or sell shares, it indicates their confidence or concern around the company&#8217;s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.
Below is a look at a few recent notable insider transactions for penny stocks. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Comstock</h3>
<ul>
<li>The Trade: Comstock Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LODE#NYSE">LODE</a>) Chief Engineering Officer Rahul Bobbili <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 25,000 shares</a> at an average price of $0.25. To acquire these shares, it cost around $6,350.</li>
<li>What's Happening: Comstock, on May 17, announced a private placement of 1.25 million restricted shares at $0.40/share to the Chairman &amp; CEO.</li>
<li>What Comstock Does: Comstock Inc is engaged in technologies that efficiently use wasted and under-utilized natural resources to produce renewable energy and other products that contribute to balancing uses and emissions of carbon and enhance mineral and material discoveries.</li>
</ul>
<h3 class="wp-block-heading">Veru</h3>
<ul>
<li>The Trade: Veru Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERU#NASDAQ">VERU</a>) Director, Chief Corporate Officer Harry Fisch <a href="https://www.benzinga.com/sec/insider-trades/">acquired a total of 4,000 shares at</a> an average price of $1.25. To acquire these shares, it cost around $5,000..</li>
<li>What's Happening: On May 8, Veru posted a wider-than-expected quarterly loss.</li>
<li>What Veru Does: Veru Inc is a biopharmaceutical company with a drug development program for the treatment of metabolic diseases, oncology and acute respiratory distress syndrome (ARDS).</li>
</ul>
<h3 class="wp-block-heading">Tecogen</h3>
<ul>
<li>The Trade: Tecogen Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TGEN#OTC">TGEN</a>) Director John Hatsopoulos <a href="https://www.benzinga.com/sec/insider-trades/">acquired a total of 11,935 shares</a> at an average price of $0.80. The insider spent around $9,516 to buy those shares. </li>
<li>What's Happening: On May 8, Tecogen reported revenues of $6.2 million and net loss of $1.1 million for the quarter ended March 31.</li>
<li>What Tecogen Does: Tecogen Inc, designs, manufactures, markets, and maintains high-efficiency, ultra-clean cogeneration products.</li>
</ul>
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The Dow Jones index closed above the $40,000 mark on Friday. When insiders purchase or sell shares, it indicates their confidence or concern around the company&#8217;s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.
Below is a look at a few recent notable insider transactions for penny stocks. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Tecogen</h3>
<ul>
<li>The Trade: Tecogen Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TGEN#OTC">TGEN</a>) Director John Hatsopoulos <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 3,000 shares</a> at an average price of $0.75. To acquire these shares, it cost around $2,248.</li>
<li>What's Happening: On May 8, Tecogen reported revenues of $6.2 million and net loss of $1.1 million for the quarter ended March 31.</li>
<li>What Tecogen Does: Tecogen Inc, designs, manufactures, markets, and maintains high-efficiency, ultra-clean cogeneration products. It operates in three business segments, namely Products, Services, and Energy Production.</li>
</ul>
<h3 class="wp-block-heading">Standard BioTools</h3>
<ul>
<li>The Trade: Standard BioTools Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAB#NASDAQ">LAB</a>) Director Casdin Partners FO1-MSV, LP <a href="https://www.benzinga.com/sec/insider-trades/">acquired a total of 1,352,072 shares at</a> an average price of $2.56. To acquire these shares, it cost around $3.46 million.</li>
<li>What's Happening: On May 8, Standard BioTools posted downbeat quarterly sales.</li>
<li>What Standard BioTools Does: Standard BioTools Inc develops, manufactures, and sells technologies that help biomedical researchers in their search for developing medicines faster.</li>
</ul>
<h3 class="wp-block-heading">OPKO Health</h3>
<ul>
<li>The Trade: OPKO Health, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPK#NASDAQ">OPK</a>) 10% owner Frost Gamma Investments Trust &lt;a href=&#8221;https://www.benzinga.com/sec/insider-trades/&#8221;&gt;&lt;em&gt; acquired a total of 163,997 shares &lt;/em&gt;&lt;/a&gt; at an average price of $1.29. The insider spent around $211,195 to buy those shares.</li>
<li>What's Happening: On May 7, OPKO Health reported worse-than-expected first-quarter financial results.</li>
<li>What OPKO Health Does: OPKO Health Inc is a diversified biotechnology company that operates pharmaceutical and diagnostic development programs. Opko&#8217;s diagnostics business includes a core genetic testing operation.</li>
</ul>
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$3.5M Bet On This Healthcare Stock? Check Out These 3 Penny Stocks Insiders Are Aggressively Buying

The Dow Jones index closed higher by around 450 points on Friday. When insiders purchase or sell shares, it indicates their confidence or concern around the company&#8217;s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.
Below is a look at a few recent notable insider transactions for penny stocks. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Expensify</h3>
<ul>
<li>The Trade: Expensify, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXFY#NASDAQ">EXFY</a>) 10% owner SF Roofdeck GP LLC <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 11,972 shares</a> at an average price of $1.60. To acquire these shares, it cost around $19,155.</li>
<li>What's Happening: Expensify is expected to announce first-quarter financial results after market close on Thursday, May 9.</li>
<li>What Expensify Does: Expensify Inc is a cloud-based expense management software platform that helps various businesses simplify the way to manage money.</li>
</ul>
New Peoples Bankshares
<ul>
<li>The Trade: New Peoples Bankshares, Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NWPP#OTC">NWPP</a>) Director John D Cox <a href="https://www.benzinga.com/sec/insider-trades/">acquired a total of 5,000 shares at </a> an average price of $2.51. To acquire these shares, it cost around $12,550.</li>
<li>What's Happening: The company's stock gained around 6% over the past six months.</li>
<li>What New Peoples Bankshares Does: New Peoples Bankshares Inc is a bank holding company for New Peoples Bank.</li>
</ul>
<h3 class="wp-block-heading">Tecogen</h3>
<ul>
<li>The Trade: Tecogen Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TGEN#OTC">TGEN</a>) Director Earl R Lewis <a href="https://www.benzinga.com/sec/insider-trades/">acquired a total of 5,000 shares</a> at an average price of $0.75. The insider spent around $3,750 to buy those shares.</li>
<li>What's Happening: Tecogen is expected to release first-quarter financial results on Thursday, May 9.</li>
<li>What Tecogen Does: Tecogen Inc, designs, manufactures, markets, and maintains high-efficiency, ultra-clean cogeneration products.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/24/05/38611902/wall-streets-most-accurate-analysts-views-on-3-tech-telecom-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts&#8217; Views On 3 Tech &amp; Telecom Stocks Delivering High-Dividend Yields</a>

EXFY

NWPP

Expensify And 2 Other Penny Stocks Insiders Are Buying

The Dow Jones index closed lower by around 0.1% on Wednesday. When insiders purchase or sell shares, it indicates their confidence or concern around the company&#8217;s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.
Below is a look at a few recent notable insider transactions for penny stocks. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Tecogen</h3>
<ul>
<li>The Trade: Tecogen Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TGEN#OTC">TGEN</a>) Director Earl R Lewis <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 10,000 shares</a> at an average price of $0.68. To acquire these shares, it cost around $6,800. The company's Director John Hatsopoulos also bought 5,000 shares.</li>
<li>What's Happening: Tecogen is expected to release first-quarter financial results on Thursday, May 9.</li>
<li>What Tecogen Does: Tecogen Inc, designs, manufactures, markets, and maintains high-efficiency, ultra-clean cogeneration products. It operates in three business segments, namely Products, Services, and Energy Production.</li>
</ul>
<h3 class="wp-block-heading">Bespoke Extracts</h3>
<ul>
<li>The Trade: Bespoke Extracts, Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BSPK#OTC">BSPK</a>) CEO Michael Feinsod <a href="https://www.benzinga.com/sec/insider-trades/">acquired a total of 5,000 shares at</a> an average price of $0.11. To acquire these shares, it cost around $550.</li>
<li>What's Happening: The company's stock lost around 22% over the past six months.</li>
<li>What Bespoke Extracts Does: Bespoke Extracts Inc is focused on selling its proprietary line of specially-formulated, premium quality, hemp-derived CBD products.</li>
</ul>
<h3 class="wp-block-heading">GlucoTrack</h3>
<ul>
<li>The Trade: GlucoTrack, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GCTK#NASDAQ">GCTK</a>) Director Drew Sycoff <a href="https://www.benzinga.com/sec/insider-trades/">acquired a total of 182,540 shares</a> at an average price of $1.26. The insider spent around $230,000 to buy those shares.</li>
<li>What's Happening: GlucoTrack recently announced closing of private placement.</li>
<li>What GlucoTrack Does: GlucoTrack Inc is a medical device company. It focuses on the design, development, and commercialization of non-invasive glucose monitoring devices for use by people with diabetes and pre-diabetics.</li>
</ul>
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GCTK

GlucoTrack And 2 Other Stocks Under $1 Insiders Are Buying

Abinand Rangesh, Chief Executive Officer at Tecogen (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TGEN#OTC">TGEN</a>), reported a large acquisition of company stock options on September 27, according to a new SEC filing.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0001537435/000153743523000120//Archives/edgar/data/1537435/000153743523000120/0001537435-23-000120-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday showed that Rangesh, Chief Executive Officer at Tecogen, a company in the Industrials sector, was just awarded stock options worth 140,000 shares of TGEN. The options give Rangesh the right to buy the company's stock at $0.88 per share.
Tecogen shares are trading up 9.54% at $0.89 at the time of this writing on Thursday morning. Since the current price is $0.89, this makes Rangesh's 140,000 shares worth $124,600.
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<h3>The Importance of Insider Transactions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision. 
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Transaction Codes To Focus On</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001537435">Check Out The Full List Of Tecogen's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Chief Executive Officer at Tecogen Acquires Company Stock Options Worth 140,000 Shares

HC Wainwright &amp; Co. analyst Amit Dayal reiterates Tecogen (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TGEN#OTC">TGEN</a>) with a Buy and maintains $4.5 price target.

Price Target

Reiteration

Analyst Ratings

HC Wainwright & Co. Reiterates Buy on Tecogen, Maintains $4.5 Price Target

WALTHAM, MA, Oct. 06, 2020 (GLOBE NEWSWIRE) -- via&nbsp;<a href="https://www.globenewswire.com/Tracker?data=ePS23v70PfbGh-q5F-miNCsCotgY9bsAneZEtolMcxhNwlyUG2BseyxcisAYgNKuSIhZX72Ku8mTLuhKXSHfRbA3faEQ_lNKwWfkKo2Pnys=" target="_blank">NewMediaWire</a>&nbsp;--&nbsp;<a href="https://www.globenewswire.com/Tracker?data=62Zp6Lb75ZrJ1lhgHNfOuAxABsXHWPQ3mC35TVOdMTYikbg7Nrq2JApyiNSyckq5HNfjWoBsF5m8TJhggis9Rg==" target="_blank">Tecogen Inc.</a>&nbsp;(OTCQX:<a class="ticker" href="/stock/TGEN#OTCQX">TGEN</a>), a clean energy company providing ultra-efficient and clean on-site power, heating and cooling equipment, is pleased to announce the sale of a TecoChill&reg; CH-50 air-cooled chiller to a large residential facility in Connecticut.&nbsp; The 50-ton chiller will replace an existing TecoChill 25-ton chiller to satisfy increased cooling load at the facility.&nbsp; The air-cooled system provides chilled water without the need for a cooling tower and is installed outdoors for ambient air cooling of the condenser.&nbsp; The project qualifies for a&nbsp;$300/ton incentive for grid congestion reduction at peak times and will be installed in time for the 2021 cooling season.&nbsp; Tecogen will service the upgraded system from its East Windsor, Connecticut factory service center. 
&nbsp;
&quot;The TecoChill CH-50 is the ideal solution for facilities that have insufficient electrical capacity for an equivalently sized electric chiller system or that do not have the three-phase power needed to run large electric air-cooled chillers,&quot; noted Jeffrey Glick, Vice President of East Coast Sales at Tecogen. &quot;Cooling the facility with an electric alternative would add 60 kW of three-phase electric service during the summer months when grid electrical capacity is both expensive and vulnerable to outages. &nbsp;In addition to increased operational cost savings from the TecoChill system, the system reduces the standby generator capacity needed to keep the facility cooled during grid outages.&quot;
&quot;This sale confirms the trend towards displacing electric chiller systems with natural gas engine driven chillers,&quot; stated Benjamin Locke, Tecogen&#39;s CEO.&nbsp; &quot;Our TecoChill and Tecofrost systems generate operational cost savings compared to the cost of electrical cooling and significantly reduce the amount of standby generator capacity needed during grid outages. For many facilities, Tecogen&#39;s gas driven cooling technology is the most cost-effective way to reduce operational costs, reduce greenhouse gas emissions, and provide increased resilience to grid outages.&quot;&nbsp;

Contracts

Tecogen Announces Order For TecoChill Air-Cooled Chiller

WALTHAM, MA / ACCESSWIRE / May 19, 2020 /&nbsp;<a href="https://pr.report/ia5A4Zdy">Tecogen Inc.</a>&nbsp;(NASDAQ:<a class="ticker" href="/stock/TGEN#NASDAQ">TGEN</a>), a clean energy company providing ultra-efficient, clean, natural gas powered on-site power, heating and cooling equipment, is pleased to announce that Ainsworth, a Toronto based company providing high quality technical trade services has chosen Tecogen as its preferred CHP partner. The Teaming Agreement executed with Ainsworth provides a framework for Tecogen and Ainsworth to pursue projects that are a mutual fit for Tecogen&#39;s equipment and Ainsworth&#39;s installation services.
&quot;We are excited Ainsworth recognizes Tecogen as a leader in CHP and we are excited to help them offer our solutions to their diverse customer base,&quot; commented Benjamin Locke, Tecogen CEO. &quot;Ainsworth&#39;s capabilities in the areas of design, estimation, and installation of HVAC systems in Canada are a perfect fit for Tecogen as we expand our sales into Canada. Our natural gas cogeneration and chiller systems are an excellent fit for many facilities seeking to reduce operating costs and improve resiliency to the electric grid, and Ainsworth has the expertise and resources to provide efficient project and installation services in Canada. This Teaming Agreement allows both companies to combine their respective expertise to design, estimate, build, install, and maintain these systems throughout Canada.&quot;
Tecogen recently established its 11th&nbsp;service center in Toronto, Canada, and is in the process of completing a 3.4 MW cogeneration project at a major housing facility in the city. Ainsworth is also based in Toronto and operates offices in all major Canadian cities. The agreement creates a complete turnkey team to provide customers with a high level of technical support, engineering, construction, installation, and maintenance services.
&quot;Tecogen has a unique product offering that creates a compelling opportunity in Canada,&quot; stated Steven Horwood, Vice President Business Development at Ainsworth. &quot;At Ainsworth we believe in the importance of demonstrating unmatched technical solutions and broader perspectives to customers that address their energy, sustainability and operational resilience. By providing all aspects of project development and implementation, from initial design through construction and operations, this Teaming Agreement will provide customers with budget, schedule and performance certainty. We are excited to start working more closely with the Tecogen team.&quot;
About Tecogen
<a href="https://pr.report/jqKHZhLi">Tecogen Inc.</a>&nbsp;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 provides cost efficient, environmentally friendly and reliable products for energy production that, through patented technology, nearly eliminate criteria pollutants and significantly reduce a customer&#39;s carbon footprint.
In business for over 35 years, Tecogen has shipped more than 3,000 units, supported by an established network of engineering, sales and service personnel across the United States. For more information, please visit&nbsp;<a href="https://pr.report/shra9Guj">www.tecogen.com</a>&nbsp;or contact us for a free&nbsp;<a href="https://pr.report/YvjBgqxy">Site Assessment</a>.
Tecogen, InVerde e+, Ilios, Tecochill, and Ultera are registered or pending trademarks of Tecogen Inc.
About Ainsworth
<a href="https://pr.report/Dex60gNL">Ainsworth</a>&nbsp;is one of Canada&#39;s leading integrated multi-trade companies providing high-quality technical trades services, including HVAC, mechanical, electrical, data cabling, and building and industrial automation for institutional, commercial, and industrial clients across the country. As an integrated multi-trade company, Ainsworth offers end-to-end services and solutions for all asset maintenance and refurbishment requirements of our customers.
Ainsworth is a wholly owned subsidiary of GDI Integrated Facility Services, a publicly traded company on the Toronto Stock Exchange (TSX:<a class="ticker" href="/stock/GDI#TSX">GDI</a>) and a leader and innovator in the industry. GDI is the fifth-largest facility services business in North America with more than 26,000 employees, servicing over 1 billion square feet, and with operations across Canada and the United States.
Forward Looking Statements 
This press release contains &quot;forward-looking statements&quot; which may describe strategies, goals, outlooks or other non-historical matters, or projected revenues, income, returns or other financial measures, that may include words such as &quot;believe,&quot; &quot;expect,&quot; &quot;anticipate,&quot; &quot;intend,&quot; &quot;plan,&quot; &quot;estimate,&quot; &quot;project,&quot; &quot;target,&quot; &quot;potential,&quot; &quot;will,&quot; &quot;should,&quot; &quot;could,&quot; &quot;likely&quot; or &quot;may&quot; and similar expressions intended to identify forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements. Given these uncertainties, you should not place undue reliance on these forward-looking statements. Forward-looking statements speak only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements.
In addition to those factors described in our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q under &quot;Risk Factors,&quot; among the factors that could cause actual results to differ materially from past and projected future results are the following: fluctuations in demand for our products and services, competing technological developments, issues relating to research and development, the availability of incentives, rebates and tax benefits relating to our products and services, changes in the regulatory environment relating to our products and services, integration of acquired business operations and the ability to obtain financing on favorable terms to fund existing operations and anticipated growth.
Tecogen Media &amp; Investor Relations Contact Information:
Benjamin Locke, CEO 
P: (781) 466-6402 
E:&nbsp;<a href="mailto:Benjamin.Locke@Tecogen.com">Benjamin.Locke@Tecogen.com</a>
SOURCE:&nbsp;Tecogen, Inc.
View source version on accesswire.com: 
<a href="https://www.accesswire.com/590283/Tecogen-and-Ainsworth-Announce-Teaming-Agreement">https://www.accesswire.com/590283/Tecogen-and-Ainsworth-Announce-Teaming-Agreement</a>
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