other material
confidence high
sentiment positive
materiality 0.65
Tecogen partners with Vertiv for data center cooling chillers; exclusive rights outside US
TECOGEN INC.
- Vertiv gets exclusive rights to market Tecogen DTx Chillers for data center cooling outside US; non-exclusive within US.
- Two-year term starting March 1, 2025; parties to negotiate a definitive supply agreement.
- No minimum purchase obligation for Vertiv; Tecogen to provide volume discounts for significant orders.
- Vertiv can earn US exclusivity if it achieves agreed sales thresholds (Schedule A confidential).
- Agreement is non-binding except for specific provisions (exclusivity, confidentiality, termination).