WALTHAM, Mass., Dec. 15, 2011 /PRNewswire/ -- American DG Energy Inc. (NYSE Amex:ADGE), a leading On‑Site Utility, offering clean electricity, heat, hot water and cooling solutions to hospitality, healthcare, housing and athletic facilities, today announced that, over a period of six years ending September 30, 2011, the Company has realized approximately a twenty five percent compounded energy revenue growth.
"Despite the difficult period in the economy and drop in prices of electricity and natural gas, American DG Energy has seen a twenty five percent compounded energy revenue growth over a period of six years ending September 30, 2011," said John N. Hatsopoulos, CEO of American DG Energy. "Using the most advanced technology for our on-site energy systems gives American DG Energy a competitive advantage. We intend to leverage that advantage to its full potential in the coming year."
These advantages include:
Ultra Low Emissions
A new technological development, enhancing the equipment American DG Energy primarily deploys, reduces system emissions of criteria (smog generating) pollutants to unprecedented levels, enabling the system to meet the strictest emissions guidelines for NOx and other regulated compounds in the United States. Adding this technology to our service offering may provide a significant competitive advantage and may allow the Company to install combined heat and power (CHP) systems in California where the ultra-low emissions option will comply with the state's strict emissions level requirements.
High Efficiency Water Heater (Heat Pump)
The high efficiency water heater or heat pump, designed to boost efficiency, save money, and reduce impact on the environment, combines traditional boiler technology with the power of a heat pump to achieve twice the efficiency of a gas fired boiler. With this new system, the Company may be able to expand its focus from the Northeast United States to national and international markets.
Streamlined Process
The New Jersey Department of Environmental Protection (NJDEP) recently awarded the new air emissions certification to the equipment we use in most of our systems. These are the first engine-driven systems to be granted this certification which eliminates the process of applying for pre-construction operation certification and air permits prior to installation of these systems and, ultimately, saves time and money on implementing new projects in New Jersey.
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 www.americandg.com.
FORWARD-LOOKING STATEMENTS
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.
SOURCE American DG Energy Inc.
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