TROPICAL Signs Agreement to Deliver 500 Natural-Gas Fuel-Cell Home Power Systems

ATHENS, Greece, April 16, 2012 /PRNewswire/ --

Tropical S.A. Makes 500 Homes Energy Self-sufficient

TROPICAL S.A., a designer and manufacturer of a broad range of fuel-cell power generation systems, announced today that ASPATE S.A., a developer of large-scale energy projects will install TROPICAL's GreenGen N5, 5KW natural-gas fuel-cell power system in 500 new homes all part of ASPATE's bioclimatic residential construction project.

Over the next 3 years, ASPATE will develop over 500 green energy homes throughout Greece by deploying state-of-the-art environment-friendly technologies including photovoltaic, geothermic and fuel cells. These new eco-houses will enjoy complete energy autonomy. "ASPATE plans to develop over 5000 such residential units by 2020 all built according to thenceforth generally accepted eco-friendly standards" said Konstantinos Aslanidis, ASPATE's President & CEO.  "ASPATE found in TROPICAL a strong and reliable technology partner that has an impressive product portfolio and a go-getting strategy fully aligned with our vision for the home of the future." "We see a great opportunity in the second-home market as an increasing number of North Europeans chooses to have a second home or retire in sunny Greece" Mr. Aslanidis concluded.

"TROPICAL's GreenGen NG-5 is a green energy high-tech product selected by ASPATE for its high standards, quality and comparative advantages. The partnership proves to be validation of excellence and competitiveness of our cutting-edge technology products" said George Lagios, Chairman and CEO of TROPICAL. "In addition to the commercial distribution of our NG fuel-cell systems, the ASPATE agreement will also give us the opportunity to apply a number of additional next-generation power solutions, which are currently in the pipeline." TROPICAL's current Fuel-Cell Power Systems product portfolio consists of hydrogen, methanol, propane and natural-gas powered solutions for both stationary and portable applications in the range of 100W to 20kW. Tropical is the first European company to utilize Hydrogen Fuel Cells in power electric cars, scooters and boats and at present it is working on fuel-cell deployment for mini buses.

TROPICAL will present the 5KW natural-gas powered fuel-cell system GreenGen NG-5 at the upcoming Hydrogen + Fuel Cells tradeshow in Hannover (23-27 April, 2012, stand D60). Show visitors will be able to see a live demonstration of the GreenGen NG-5 system in operation.  

About ASPATE S.A.

ASPATE SA is the natural successor from the evolution of ASPATE-TEKTON SA, which was founded by Mr. Konstantinos Aslanidis in 1979 and was drastically involved in the construction sector in Greece. Since its foundation, the company has executed numerous projects, mainly in the area of electromechanical installation. Some of its ventures include Mines and Electric Power Stations for the Greek Public Power Corporation (ΔΕΗ/PPC), Refinery projects, Natural Gas projects as well as projects for the Athens Metro underground network.

http://www.aspate.gr

About TROPICAL S.A.

Tropical S.A. is a developer of distributed power generation products and solutions. The company designs, manufactures and sells a broad range of Hydrogen & Fuel Cell Technology solutions for residential, commercial, institutional, fixed and portable applications. Its product portfolio includes Fuel Cell Power Systems, Electric & Fuel Cell Vehicles and Commercial Vehicle A/C & Refrigeration Systems.  A longtime leader of the A/C & Refrigeration Systems market with its innovative Inverter Technology, over the past decade Tropical has made significant investments in the development of fuel cell technologies. For more information about the company and products, you may visit http://www.tropical.gr.

Contact:
Tel: +30-210-5785455 - 56
George Lagios, CEO, info [@] tropical.gr
Konstantinos Giantsios, Director, Business Development, kgiant [@] tropical.gr
http://www.tropical.gr

SOURCE TROPICAL S.A.