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American DG Energy Names New VP of Operations and VP of Business Development
Additions Part of Strategy to Grow Team and Business
WALTHAM, Mass. - October 7, 2008
American
DG Energy Inc. (OTC.BB:ADGE), a leading On-Site Utility, offering clean electricity, heat, hot water and cooling systems, today announced Edward F. Miller has joined the management team as Vice President of Operations. The former Vice President of Operations, Stuart W. Temple, will step into the role of Vice President of Business Development.
Mr. Miller has 18 years of construction-based operations experience and in-depth knowledge of American DG Energy’s target business markets. Prior to joining the Company, Mr. Miller was Vice President of Operations for JPR Mechanical in New York. As the Vice President of Operations, Mr. Miller will oversee the construction of new projects, implement scaleable operations systems and manage the Company’s growing installation base of energy systems.
Mr. Temple has extensive experience in the energy, power, business development and engineering fields and has held various positions, most recently Vice President of Operations, with the Company since 2004. In the newly created role of Vice President of Business Development, Mr. Temple will expand the Company’s revenue generation by further developing existing business relationships and managing the day-to-day activities of the sales group.
“These key personnel changes along with our other recent additions, plus future planned additions, are all part of the Company’s dedication to building a strong team and to continue our rapid revenue growth,” stated John N. Hatsopoulos, Chief Executive Officer of American DG Energy.
About American DG Energy
American DG Energy (OTC.BB: ADGE) supplies low-cost energy to its customers through distributed power generating systems. The company is 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. American DG Energy is headquartered in Waltham, Massachusetts. More information can be found at www.americandg.com.
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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 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 web site 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.
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