Growth Plans Discussed With Tecogen CEO After First Profitable Quarter
Since we last spoke with Mr. Ben Locke, the Co-Chief Executive Officer of Tecogen Inc (TGEN – $3.98), several exciting events have taken place at the Company, making it high time for an update interview.
The interview first touches upon the main drivers that enabled Tecogen to reach its first quarterly positive net income in its public history. Mr. Locke also talks about the possibility for continued profitability in following quarters.
The co-CEO describes the exciting developments that have taken place during the past few months at TTcogen, the 50/50 joint venture with Czech CHP manufacturer TEDOM. He also shares where he believes there are substantial growth opportunities for the JV.
An important portion of the interview is devoted to the remarkable progress at the Company’s other joint venture ULTRATEK, which is developing an emissions control technology for gasoline powered automotive engines. Investors find out about a new round of testing, and about ULTRATEK’s plans for 2017.
In addition, Mr. Locke explains the potential benefits, synergies and cost savings of the American DG Energy acquisition. He provides details about why this acquisition will generate steady annualised income to Tecogen for the next many years.
Access our interview by clicking the play button on the media player below,
or download our convenient transcript.
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