{"success":true,"data":{"pressRelease":{"id":"145031","rtpr_id":"nGNE99THs3-20260916","ticker":"TRBG","exchange":"NASDAQ","all_tickers":["TRBG","TURB"],"title":"TurboGen Announces  Non-Binding Memorandum of Understanding with U.S.-Based Operator of Residential Healthcare Facilities in Advance of Approximately 40 Units of its 80Kw CHP Systems","author":"Globe Newswire","published_at":"2026-09-16T11:35:00.209Z","article_body":"PETAH TIKVA, Israel, Sept. 16, 2026 (GLOBE NEWSWIRE) -- TurboGen Ltd.\n(NASDAQ:TRBG) (TASE:TURB) (“TurboGen” or the “Company”), developer of\ncombined heat and power systems based on multifuel microturbines, today\nannounced the signing of a non-binding  memorandum of understanding\n(“MOU”) with a U.S. entity that owns and operates residential care and\nrehabilitation centers in the United States to purchase  approximately 40\nunits of the Company’s 80Kw combined heat and power (“CHP”) systems to\nbe placed in their facilities, based on the Company's estimate of the energy\ndemand in those facilities. The MOU contemplates an initial purchase of 40\nunits, subject to entry into a definitive agreement setting forth the terms of\nthe purchase.\n\n“Our microturbine-based CHP systems provide versatile and efficient power\nand heat, with our 80Kw systems being specifically designed for larger\nresidential and commercial operations,” stated Yaron Gilboa, TurboGen’s\nChief Executive Officer. “This MOU represents recognition within a\nsubstantial U.S.-based operation for the specific benefits of our technology,\nand we look forward to continuing the negotiation process and acquiring this\ncustomer.  We further believe this MOU may lead to several potential\ncontracts that represent both the attraction of our uniquely designed\ntechnology, and demonstration of shareholder value even in the early days of\nour Nasdaq listing.”\n\nThe Company anticipates providing further updates related to the MOU as they\ndevelop, as well as other ongoing business developments.\n\nAbout TurboGen\n\nFounded in response to technologically address the threat of climate change\nand the lack of grid capacity, TurboGen Ltd. (NASDAQ:TRBG) (TASE:TURB)\ndevelops combined heat and power systems based on multifuel microturbines.\nThese microturbines are used for local electricity, energy, and heat\nproduction. To learn more, please visit: https://turbogenchp.com.\n\nForward Looking Statements\n\nThis press release contains forward-looking statements within the meaning of\nthe “safe harbor” provisions of the Private Securities Litigation Reform\nAct of 1995 and other Federal securities laws. Words such as “expects,”\n“anticipates,” “intends,” “plans,” “believes,” “seeks,”\n“estimates” and similar expressions or variations of such words are\nintended to identify forward-looking statements. For example, TurboGen is\nusing forward looking statement in this press release when it discusses the\nMOU and entry into a definitive agreement; the potential purchase of\napproximately 40 units of its CHP systems; the benefits of its technology;\nand, its future entry into potential contracts. Because such statements deal\nwith future events and are based on TurboGen’s current expectations, they\nare subject to various risks and uncertainties and actual results, performance\nor achievements of TurboGen could differ materially from those described in or\nimplied by the statements in this press release. The forward-looking\nstatements contained or implied in this press release are subject to other\nrisks and uncertainties, many of which are beyond the control of the Company,\nincluding those set forth in the Risk Factors section of the Company’s\nRegistration Statement on Form F-1 filed with the Securities and Exchange\nCommission (the “SEC”) on March 12, 2026. Copies are available on the\nSEC’s website, www.sec.gov. The Company undertakes no obligation to update\nthese statements for revisions or changes after the date of this release,\nexcept as required by law.\n\nIR and Communications Contact:\n\nIR@turbogenchp.com","article_body_html":"","raw_payload":{"data":{"id":"nGNE99THs3-20260916","title":"TurboGen Announces  Non-Binding Memorandum of Understanding with U.S.-Based Operator of Residential Healthcare Facilities in Advance of Approximately 40 Units of its 80Kw CHP Systems","author":"Globe Newswire","ticker":"TRBG","created":"2026-09-16T11:35:00.209Z","tickers":["TRBG","TURB"],"exchange":"NASDAQ","article_body":"PETAH TIKVA, Israel, Sept. 16, 2026 (GLOBE NEWSWIRE) -- TurboGen Ltd.\n(NASDAQ:TRBG) (TASE:TURB) (“TurboGen” or the “Company”), developer of\ncombined heat and power systems based on multifuel microturbines, today\nannounced the signing of a non-binding  memorandum of understanding\n(“MOU”) with a U.S. entity that owns and operates residential care and\nrehabilitation centers in the United States to purchase  approximately 40\nunits of the Company’s 80Kw combined heat and power (“CHP”) systems to\nbe placed in their facilities, based on the Company's estimate of the energy\ndemand in those facilities. The MOU contemplates an initial purchase of 40\nunits, subject to entry into a definitive agreement setting forth the terms of\nthe purchase.\n\n“Our microturbine-based CHP systems provide versatile and efficient power\nand heat, with our 80Kw systems being specifically designed for larger\nresidential and commercial operations,” stated Yaron Gilboa, TurboGen’s\nChief Executive Officer. “This MOU represents recognition within a\nsubstantial U.S.-based operation for the specific benefits of our technology,\nand we look forward to continuing the negotiation process and acquiring this\ncustomer.  We further believe this MOU may lead to several potential\ncontracts that represent both the attraction of our uniquely designed\ntechnology, and demonstration of shareholder value even in the early days of\nour Nasdaq listing.”\n\nThe Company anticipates providing further updates related to the MOU as they\ndevelop, as well as other ongoing business developments.\n\nAbout TurboGen\n\nFounded in response to technologically address the threat of climate change\nand the lack of grid capacity, TurboGen Ltd. (NASDAQ:TRBG) (TASE:TURB)\ndevelops combined heat and power systems based on multifuel microturbines.\nThese microturbines are used for local electricity, energy, and heat\nproduction. To learn more, please visit: https://turbogenchp.com.\n\nForward Looking Statements\n\nThis press release contains forward-looking statements within the meaning of\nthe “safe harbor” provisions of the Private Securities Litigation Reform\nAct of 1995 and other Federal securities laws. Words such as “expects,”\n“anticipates,” “intends,” “plans,” “believes,” “seeks,”\n“estimates” and similar expressions or variations of such words are\nintended to identify forward-looking statements. For example, TurboGen is\nusing forward looking statement in this press release when it discusses the\nMOU and entry into a definitive agreement; the potential purchase of\napproximately 40 units of its CHP systems; the benefits of its technology;\nand, its future entry into potential contracts. Because such statements deal\nwith future events and are based on TurboGen’s current expectations, they\nare subject to various risks and uncertainties and actual results, performance\nor achievements of TurboGen could differ materially from those described in or\nimplied by the statements in this press release. The forward-looking\nstatements contained or implied in this press release are subject to other\nrisks and uncertainties, many of which are beyond the control of the Company,\nincluding those set forth in the Risk Factors section of the Company’s\nRegistration Statement on Form F-1 filed with the Securities and Exchange\nCommission (the “SEC”) on March 12, 2026. Copies are available on the\nSEC’s website, www.sec.gov. The Company undertakes no obligation to update\nthese statements for revisions or changes after the date of this release,\nexcept as required by law.\n\nIR and Communications Contact:\n\nIR@turbogenchp.com"},"type":"article","timestamp":"2026-09-16T11:35:00.381744714Z","server_sent_at_ms":1789558500381},"received_at":"2026-09-16T11:35:00.440Z","source_url":null},"analysis":{"id":"133863","press_release_id":"145031","analysis_json":{"industry":{"label":"Electrical Equipment","sector":"Industrials"},"redFlags":["MOU is non-binding and contingent on a definitive agreement — no committed revenue","counterparty is unnamed, so order scale and counterparty credit cannot be verified","no financial terms disclosed (per-unit pricing or total contract value absent)","volume based on the company's own estimate of facility energy demand, not a customer-stated figure","micro-cap, recently listed via F-1 filed March 2026 — elevated promotional-announcement risk"],"eventType":"operations_update","narrative":"TurboGen signed a non-binding memorandum of understanding with a U.S. operator of residential care and rehabilitation centers for an initial purchase of approximately 40 units of its 80Kw combined heat and power systems.\n\nThe MOU is contingent on a definitive purchase agreement, and the counterparty's identity and all financial terms remain undisclosed, with unit quantities based on TurboGen's own estimate of facility energy demand.\n\nCEO Yaron Gilboa framed the deal as early validation of the technology in the company's first months on Nasdaq and said the MOU may lead to several potential contracts.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Watch item only — track whether the non-binding 40-unit MOU converts into a definitive purchase agreement with named terms."},"keyFigures":{"customDimensions":{"binding_status":"non-binding MOU, subject to definitive agreement","system_rating_kw":80,"units_contemplated":40}},"quotedText":"This MOU represents recognition within a\nsubstantial U.S.-based operation for the specific benefits of our technology","namedEntities":{"people":[{"name":"Yaron Gilboa","role":"CEO"}],"products":["80Kw CHP system","multifuel microturbine combined heat and power systems"],"companies":[{"name":"TurboGen Ltd.","ticker":"TRBG","relationship":"filer"},{"name":"Unnamed U.S. operator of residential care and rehabilitation centers","relationship":"potential customer"}],"dollarAmounts":[]},"materialImpact":{"score":2,"reasoning":"A potential first meaningful customer order for a recently listed micro-cap, but the MOU is explicitly non-binding, subject to a definitive agreement, unnamed counterparty, and discloses no financial terms. It is a positive signal, not committed revenue."},"tickerRelevance":{"others":[{"ticker":"TURB","relevance":"dual listing on TASE — same company"}],"primary":"TRBG"},"globalImportance":15,"audienceRelevance":12,"eventTypeSecondary":["partnership"],"importanceComponents":{"tickerTier":"micro-cap","eventGravity":"non-binding MOU with unnamed counterparty","issuerAuthored":true,"householdBrandBoost":0,"recentNasdaqListing":true,"retailFavoriteBoost":0}},"event_type":"operations_update","event_type_secondary":["partnership"],"sentiment":"bullish","material_impact_score":2,"narrative":"TurboGen signed a non-binding memorandum of understanding with a U.S. operator of residential care and rehabilitation centers for an initial purchase of approximately 40 units of its 80Kw combined heat and power systems.\n\nThe MOU is contingent on a definitive purchase agreement, and the counterparty's identity and all financial terms remain undisclosed, with unit quantities based on TurboGen's own estimate of facility energy demand.\n\nCEO Yaron Gilboa framed the deal as early validation of the technology in the company's first months on Nasdaq and said the MOU may lead to several potential contracts.","key_figures":{"customDimensions":{"binding_status":"non-binding MOU, subject to definitive agreement","system_rating_kw":80,"units_contemplated":40}},"named_entities":{"people":[{"name":"Yaron Gilboa","role":"CEO"}],"products":["80Kw CHP system","multifuel microturbine combined heat and power systems"],"companies":[{"name":"TurboGen Ltd.","ticker":"TRBG","relationship":"filer"},{"name":"Unnamed U.S. operator of residential care and rehabilitation centers","relationship":"potential customer"}],"dollarAmounts":[]},"model_name":"glm-5.3-flash","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-16T11:35:46.429Z","global_importance":15,"audience_relevance":12,"importance_components":{"tickerTier":"micro-cap","eventGravity":"non-binding MOU with unnamed counterparty","issuerAuthored":true,"householdBrandBoost":0,"recentNasdaqListing":true,"retailFavoriteBoost":0}},"durationMs":45977,"modelName":"glm-5.3-flash"}}