BOISE, Idaho, May 24, 2017 (GLOBE NEWSWIRE) -- U.S. Geothermal Inc. (the “Company”) (NYSE MKT:HTM), a leading
and profitable renewable energy company focused on the development, production, and sale of electricity from geothermal energy,
today announced that Douglas Glaspey, President and Chief Operating Officer, is scheduled to participate at the Cowen and Company,
45th Annual Technology, Media & Telecom Conference in New York, NY on Wednesday, May 31, 2017 at 3:30 p.m. ET.
The Cowen and Company 45th Annual Technology, Media & Telecom Conference is scheduled to take place
at the Lotte New York Palace Hotel from May 31-June 1, 2017.
About U.S. Geothermal Inc.:
U.S. Geothermal Inc. is a leading and profitable renewable energy company focused on the development, production and sale of
electricity from geothermal energy. The Company is currently operating geothermal power projects at Neal Hot Springs, Oregon, San
Emidio, Nevada and Raft River, Idaho for a total power generation of approximately 45 MWs. The Company is also developing an
additional estimated 115 MWs of projects at: the Geysers, California; a second phase project at San Emidio, Nevada; at Crescent
Valley, Nevada; and the El Ceibillo project located near Guatemala City, Guatemala. U.S. Geothermal’s growth goal is to reach
over 200 MWs of generation by 2021 through a combination of internal development and strategic acquisitions.
Please visit our Website at: http://www.usgeothermal.com
About Cowen Inc.:
Cowen Inc. is a diversified financial services firm and, together with its consolidated subsidiaries, provides alternative asset
management, investment banking, research, sales and trading and prime brokerage services through its two business segments: Cowen
Investment Management and its affiliates make up the Company’s alternative investment segment, while Cowen and Company, a member of
FINRA and SIPC, and its affiliates make up the Company’s broker-dealer segment. Cowen Investment Management provides alternative
asset management solutions to a global client base and manages a significant portion of Cowen’s proprietary capital. Cowen and
Company and its affiliates offer industry focused investment banking for growth-oriented companies, domain knowledge-driven
research, a sales and trading platform for institutional investors and a comprehensive suite of prime brokerage services. Founded
in 1918, the firm is headquartered in New York and has offices worldwide. For additional information, visit www.cowen.com.
FOR ADDITIONAL INFORMATION PLEASE CONTACT:
Scott Anderson – Director of Investor Relations and Corporate Communications
U.S. Geothermal Inc.
Tel: 208-424-1027
Fax: 208-424-1030
sanderson@usgeothermal.com
The information provided in this news release may contain forward-looking statements within the definition of
the Safe Harbor provisions of the US Private Securities Litigation Reform Act of 1995. Readers are cautioned to review the
risk factors identified by the company in its filings with United States Securities and Exchange Commission. All statements,
other than statements of historical fact, included herein, without limitation, statements relating to the future operating or
financial performance, development schedules or estimated resources of U.S. Geothermal, are forward-looking statements.
Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes",
"intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will",
"may", "could", or "should" occur or be achieved. These forward-looking statements may include statements regarding perceived merit
of properties; interpretation of the results of well tests; project development; resource megawatt capacity; capital expenditures;
timelines; strategic plans; or other statements that are not statements of fact. Forward-looking statements involve various risks
and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events
could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ
materially from U.S. Geothermal's expectations include the uncertainties involving the availability of financing in the debt and
capital markets; uncertainties involved in the interpretation of results of well tests; the need for cooperation of government
agencies in the development and operation of properties; the need to obtain permits and governmental approvals; risks of
construction; unexpected cost increases, which could include significant increases in estimated capital and operating costs; and
other risks and uncertainties disclosed in U.S. Geothermal's Annual Report on Form 10-K for the year ended December 31, 2016 filed
with the United States Securities and Exchange Commission and Canadian securities regulatory authorities and in other U.S.
Geothermal reports and documents filed with applicable securities regulatory authorities from time to time. Forward-looking
statements are based on management’s expectations, beliefs and opinions on the date the statements are made. U.S. Geothermal
Inc. assumes no obligation to update forward-looking statements if management’s expectations, beliefs, or opinions, or other
factors, should change.
The NYSE MKT does not accept responsibility for the adequacy of this release.
