AMERICAN DG ENERGY INC. (NYSEMKT:ADGE) Files An 8-K Termination of a Material Definitive Agreement
Item 1.02. Termination of a Material Definitive Agreement
Revolving Line of Credit Agreement (the Credit Agreement) he had
with American DG Energy (the Company) for $3,000,000 that was
executed on December 22, 2016, and filed with the Securities and
Exchange Commission on December 28, 2016. Mr. Hatsopoulos is the
Co-Chief Executive Officer of the Company and a member of the
board of directors. The Company has currently pulled $850,000
from the Credit Agreement and this amount will still be due as
agreed to in the Credit Agreement.
About AMERICAN DG ENERGY INC. (NYSEMKT:ADGE)
American DG Energy Inc. distributes, owns and operates clean, onsite energy systems that produce electricity, hot water, heat and cooling. It offers natural gas-powered cogeneration systems. It offers energy producing products, such as natural gas heat pumps, complementary energy equipment, such as boilers, and alternative energy equipment, such as solar and fuel cells. Its cogeneration systems produce electricity from an internal combustion engine driving a generator, while the heat from the engine and exhaust is recovered and typically used to produce heat and hot water for use on-site. It also distributes and operates water chiller systems for building cooling applications. It has installed energy systems, representing approximately 8,323 kilowatts of heat and hot water, and approximately 4,525 tons of cooling. It provides a range of combined heat and power (CHP) products and energy options. The Company sells energy under long-term contracts. AMERICAN DG ENERGY INC. (NYSEMKT:ADGE) Recent Trading Information
AMERICAN DG ENERGY INC. (NYSEMKT:ADGE) closed its last trading session up +0.005 at 0.335 with 27,162 shares trading hands.