WALLINGFORD, Conn., June 25 /PRNewswire-FirstCall/ -- Distributed Energy Systems Corp. today announced an order for a hydrogen- generation and storage system for a new electric power plant in Africa. The company, which creates and delivers products and solutions to the emerging decentralized energy marketplace, also said it completed installation and commissioning of an advanced hydrogen vehicle fueling station in Florida, under a contract with a major global energy corporation and a large international chemical company. Terms of the two projects were not disclosed.
The North African sale, to a major international generator manufacturer, is for a complete hydrogen supply and storage system to "cool" the electricity generators that will be installed at a new power plant now under construction. The installation will include two HOGEN(R) H-Series hydrogen generating units and gas compression and storage systems, to be delivered in the fourth quarter of 2007. The company said the order reflects growing demand for its products in the global generator cooling market.
The Florida project involved successfully installing and commissioning an on-site hydrogen vehicle fueling system at a service station in Orlando. The station showcases the company's proton exchange membrane electrolysis (PEM) technology, which uses electrical energy to convert water into hydrogen fuel that can be safely stored at the station, and dispensed into clean and efficient hydrogen-fueled automobiles. The Orlando station is one of 14 such hydrogen fueling locations Distributed Energy Systems has helped develop since 2002.
About Distributed Energy Systems Corp.
Distributed Energy Systems Corp. creates and delivers products and solutions to the emerging decentralized energy marketplace, giving users greater control over their energy cost, quality and reliability. The company delivers a combination of practical, ready-today energy solutions and solid business platforms for capitalizing on the changing energy landscape. For more information visit http://www.distributed-energy.com/.
This press release contains forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Statements contained herein concerning Distributed Energy Systems' goals, future revenue and profitability, financial sustainability, and anticipated growth and other statements that are not statements of historical fact may be deemed to be forward-looking information. Without limiting the foregoing, words such as "anticipates", "believes", "could", "expect", "intend", "may", "might", "should", "will", and "would" and other forms of these words or similar words are intended to identify forward-looking information. Distributed Energy Systems' actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors. Distributed Energy Systems disclaims any obligation to update these forward-looking statements. Factors that could cause results to differ materially from those contained in Distributed Energy Systems' forward-looking statements include, but are not limited to, our failure to perform contracts for customers profitably, or complete development of our products, the failure of our products to achieve commercial acceptance, our inability to expand our production facilities, manufacture our products at commercially acceptable costs or establish distribution relationships, the impact of competitive products, and other factors detailed in Distributed Energy Systems' Form 10-Q for the quarter ended March 31, 2007, and other filings Distributed Energy Systems may make from time to time with the SEC.
Distributed Energy Systems
CONTACT: Peter J. Tallian, Chief Financial Officer, Distributed Energy
Systems, +1-203-678-2148
Web site: http://www.distributed-energy.com/
