WALTHAM, Massachusetts, July 23, 2012 /PRNewswire/ -- EuroSite Power Inc. (OTCQB:EUSP), an OnSite Utility offering clean electricity, heat, hot water and cooling solutions to hospitality, healthcare, housing and leisure centers in the United Kingdom (UK) and Europe, today announced that its common stock will begin to trade on the OTCQB market under the ticker symbol "EUSP" on Wednesday, July 25, 2012. The OTCQB is a market tier for over-the-counter-traded companies that are registered and reporting with the Securities and Exchange Commission. Investors can find real-time quotes and market information for the Company at www.otcmarkets.com.
EuroSite Power has 54,362,100 shares issued and outstanding and is currently an 82.8% subsidiary of American DG Energy Inc. (NYSE MKT: ADGE).
EuroSite Power's business is to install, own, operate and maintain complete cogeneration systems and other efficient energy systems at customer sites. Under its On-Site Utility energy business, the Company sells to its customers the electricity, hot water, heat and cooling energy produced from its energy systems.
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. All system capital, installation, operating expenses and support are paid by EuroSite Power.
About EuroSite Power
EuroSite Power Inc. and American DG Energy Inc. supply low-cost energy to their 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 conventional energy suppliers – without any capital or start-up costs to the energy user – through its On-Site Utility energy solutions. EuroSite Power is based in Ealing, West London. More information can be found at www.eurositepower.co.uk.
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 EuroSite Power Inc.