WALTHAM, Mass., Sept. 25, 2014 /PRNewswire/ -- American DG Energy Inc. (NYSE MKT: 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 it has signed a partnership agreement with CommunityWorks, a division of Morrison Senior Living in Atlanta, Georgia.
Under the terms of the agreement, American DG Energy will partner with CommunityWorks, to promote and then deploy Combined Heat and Power (CHP), Chillers, Heat Pumps and other energy systems through our On-Site Utility solutions to over 450 senior living facilities across 41 states, in the Morrison Senior Living network, including some of the largest and most prominent senior living communities in the United States.
Working with CommunityWorks, American DG Energy has already reached an agreement to provide Green Hill Retirement Community in West, Orange New Jersey, electricity, heat and hot water through a 75kW CHP system which will offset 526 tons of carbon annually.
"We look forward to this partnership bringing customized, innovative solutions to our current customers and further illustrating the value of our service line" states Jeff Cline, Senior Director for Morrison CommunityWorks. "This partnership will allow us to expand the added value that we bring to our customers in the areas of Capital equipment replacement, reducing energy cost, minimalizing our carbon footprint and lowering overall operating costs at little to no expense to our customers. Being proactive in the ever changing arena of senior living has driven CommunityWorks to develop innovative, low cost solutions to provide to our customers" says Tim Ross, Regional Director of Operations for Morrison CommunityWorks.
"CommunityWorks through Morrison Senior Living, is one of the preeminent full featured, property management companies in the United States," stated Barry Sanders, President and COO of American DG Energy. "They bring to American DG Energy immediate knowledge, relationships and credibility in the senior living marketplace. American DG Energy is pleased that CommunityWorks chose us to be their energy partner."
Under the Company's On-Site Utility solution, a customer will only pay for the energy used and will avoid all capital, installation and operating costs. American DG Energy will also handle all service and maintenance allowing the facility to focus on their core business.
Founded in 2006, CommunityWorks is a division of Morrison Senior Living that provides environmental and hospitality support services to senior communities nationwide. The CommunityWorks team is focused on Plant Operations, Landscaping, Housekeeping and Laundry. Through these offerings, CommunityWorks programs reduce cost, improve regulatory compliance, enhance efficiency and provide exceptional experiences for residents. To learn more about CommunityWorks, visit http://www.morrisonseniorliving.com/Pages/Main.aspx?ItemID=66.
American DG Energy sells the energy produced from an onsite energy system to an individual property as an alternative to the outright sale of energy equipment. On-Site Utility customers only pay for the energy produced by the system and receive a guaranteed discount rate on the price of the energy. All system capital, installation and operating expenses are paid by American DG Energy.
About American DG Energy
American DG Energy supplies low-cost energy to its customers through distributed power generating systems. We are 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 our On-Site Utility energy solutions. American DG Energy is headquartered in Waltham, Massachusetts. Learn more about how American DG Energy reduces energy costs at www.americandg.com or follow us on Facebook and Twitter.
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.