Brighton-based Encore Energy Systems Inc. (OTC: ENCS) Tuesday announced that its current order book exceeds $225 million.
Encore offers the patented DeMarco Energy Miser grey-water geothermal power system that its figures show is 30 to 70 percent more efficient than other methods for heating and air conditioning.
The company said that sales pipeline includes "all clients that have expressed direct interest or firm commitments and to whom we reasonably expect to deliver solutions over the next 12 to 18 months." The figure includes only United States customers.
Encore officials said the company's client and prospect list "contains multiple instances of large nationally recognizable companies that have committed to our business as well as numerous other installations and development projects. Included also in our projections are sales presently under agreement and awaiting final client permission to issue a press release on same."
Encore said it anticipates revising the $225 million figure upwards later this year, and has added significantly to its sales staff.
Encore's geothermal marketing unit is DeMarco Energy Systems of America Inc., which has geothermal installations in California, Mississippi, Montana, Oregon, Pennsylvania, South Dakota, Texas and Washington.
