TurboGen Ltd. Ordinary Shares

TRBG

Capitalización de mercado USD 79.8 M

Agreement with EU-based manufacturer expands TurboGen's defense and civilian markets and features an initial five-year term with automatic renewals to support ongoing commercial production

Cash and cash equivalents of $7.2 million as of June 30, 2026; subsequent $5 million gross proceeds from private placement supports development and market readiness.

PETAH TIKVA, Israel, Sept. 16, 2026 (GLOBE NEWSWIRE) -- TurboGen Ltd. (NASDAQ:TRBG) (TASE:TURB) (“TurboGen” or the “Company”), developer of combined heat and power systems based on multifuel microturbines, today announced the signing of a non-binding  memorandum of understanding (“MOU”) with a U.S. entity that owns and operates residential care and rehabilitation centers in the United States to purchase  approximately 40 units of the Company's 80Kw combined heat and power (“CHP”) systems to be placed in their facilities, based on the Company's estimate of the energy demand in those facilities. The MOU contemplates an initial purchase of 40 units, subject to entry into a definitive agreement setting forth the terms of the purchase.

Eric Adams to join TurboGen's Advisory Board PETAH TIKVA, ISRAEL, Sept. 09, 2026 (GLOBE NEWSWIRE) -- TurboGen Ltd.