EuroSite Power Wins Contract for Clifton Hospital PR Newswire WALTHAM, Massachusetts, Jan. 7, 2014 -- First Contract with UK NHS worth an estimated £1.7 million over 15 year Agreement WALTHAM, Massachusetts, Jan. 7, 2014 /PRNewswire/ -- EuroSite Power Inc., (OTCQB: EUSP) an On-Site Utility, offering clean electricity, heat, hot water and cooling solutions to hospitality, healthcare, housing and leisure centers in the United Kingdom (UK) and Europe, has announced that it has signed a contract worth an estimated £1.7 (US$2.72) million over the life of the contract to install and operate a combined heat and power (CHP) system to Clifton Hospital, UK. Under the terms of the 15-year agreement with Blackpool Teaching Hospitals NHS Trust, EuroSite Power will install and operate a 100kW CHP system at the hospital, which will produce up to 1,745,283 kWh of total energy per annum, while saving up to 208 tonnes of CO2 – equivalent to taking 44 cars off the road each year. The contract brings EuroSite Power's total electrical capacity 2,228 kW, and bookings to an estimated £40.3 (US$66) million. Clifton Hospital is part of the Blackpool Teaching Hospitals NHS Trust and is situated on the Fylde Coast in St Annes, approximately 10 minutes' drive from the M55 motorway. Built in 1988, the community hospital provides non-acute, rehabilitation and respite care for those with long-term conditions and has three 24-bed wards, two of which are mainly for orthopaedic rehabilitation and one for medical rehabilitation. The contract is the first for EuroSite Power with the British NHS (National Health Service), a publicly-funded healthcare system with annual expenditure of approximately £127 billion. Paul Hamblyn, Managing Director of EuroSite Power, said: "Healthcare in the UK is a massive opportunity for EuroSite Power and so we are very pleased to announce this contract. While increasing our revenue further, we will also be helping Clifton Hospital achieve substantial savings in terms of energy costs and CO2 footprint over the fifteen year term." On-Site Utility EuroSite Power 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, relative to prevailing utility tariffs. All system capital, installation, operating expenses and support are paid by EuroSite Power. About EuroSite Power EuroSite Power Limited is a subsidiary of American DG Energy Inc. (NYSE MKT: ADGE). The Company provides institutional, commercial and small industrial facilities with clean, reliable power, cooling, heat and hot water at lower costs than charged by conventional energy suppliers – without any capital or start-up costs to the energy user. EuroSite Power is based in Watford, UK. More information can be found at www.eurositepower.co.uk . 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. Website: http://www.eurositepower.co.uk Contact: Investor Contact: Jesse T. Herrick, EuroSite Power Inc., +1.781.522.6020, email@example.com, or Media Contact: Paul Hamblyn, EuroSite Power Inc., +44.7920.859540, firstname.lastname@example.org
EuroSite Power Wins Contract for Clifton Hospital
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