Tecogen CEO Ben Locke Discusses American DG Acquisition and 2017 Growth Opportunities
Tecogen Inc (TGEN – $3.53) recently announced its third straight profitable quarter. In addition, it closed the acquisition on American DG Energy a few days ago. So more than enough reasons to sit down with Mr. Ben Locke, the Co-Chief Executive Officer of the Company.
A substantial portion of the interview is devoted to the acquisition of American DG Energy (ADG), one of the Company’s growth avenues for the coming years. Mr. Locke first thoroughly explains the business ADG is in and then talks about his immediate plans for it.
Mr. Locke also provides details about the impact the acquisition will have on Tecogen’s sales and earnings, as well as the Company’s balance sheet.
In addition, the interview takes a look at Tecogen’s solid first quarter financials for the fiscal year 2017. And the co-CEO shares how he sees gross margin evolving the following quarters.
Furthermore, Mr. Locke discusses the test program for propane powered fork trucks and describes what we can expect from the ULTRATEK joint venture the coming months.
Finally, investors find out about the potential of the TTcogen joint venture in the biogas market. Mr. Locke also touches upon the sales opportunities for big megawatt CHP systems via the TTcogen JV.
Access our interview by clicking the play button on the media player below,
or download our convenient transcript.
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