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WALLINGFORD, Conn., Oct 16, 2006 /PRNewswire-FirstCall
Proton Energy Systems Inc., a subsidiary of Distributed Energy Systems Corp. (Nasdaq: DESC), announced today that its hydrogen technology group has signed a contract with Shell Hydrogen LLC, part of Royal Dutch Shell plc (NYSE: RDS-B) to install a hydrogen fueling system in the New York City metropolitan area. The contract will showcase Proton's onsite hydrogen generation technology for vehicle fueling. The installation of this system represents another opportunity for Proton to demonstrate the performance of its technology in harsher winter climates. By carefully monitoring this system, the companies will be able to compare the New York area installation's performance against several similar Proton installations located in warmer and colder climates. As the prime contractor to Shell for this installation, Proton will be responsible for project design, equipment procurement, site preparation, and installation and commissioning. Air Products (NYSE: APD) will be a major subcontractor on the project and supply the compression, storage and dispensing equipment. "Working with organizations such as Shell and Air Products to showcase our hydrogen fueling technology is the right kind of collaboration," says Rob Friedland, senior vice president of Proton's Hydrogen Technology Group. "The station will support ongoing efforts to demonstrate the technology in challenging environments, enhance efficiencies and improve the engineering of an integrated system design." Proton Energy Systems is providing its hydrogen experience and expertise to the project and will supply the fueling system with a Proton Exchange Membrane (PEM) electrolyzer capable of producing 12 kilograms of hydrogen per day. The electrolyzer is expected to represent in part the future of on-site hydrogen generation for fueling stations with a retail-centric focus. About Proton/HTG Proton Energy's Hydrogen Technology Group is part of Distributed Energy Systems Corp. (Nasdaq: DESC). Proton Energy offers state-of-the-art PEM electrolysis-based fueling stations for light and heavy duty vehicles, including automobiles, forklifts, and buses. These stations are simple to install and operate, deliver high purity hydrogen, and can be integrated with renewable power sources to offer a zero emissions transportation fuel. Please contact our fueling team at 203.678.2351 and online at http://www.protonenergy.com/company/hyd-tech.html to learn more. 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. As the parent company of Proton Energy Systems, Inc. (http://www.protonenergy.com) and Northern Power, Distributed Energy Systems delivers a combination of practical, ready-today energy solutions and the 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 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", "estimate", "expect", "intend", "may", "might", "should", "will", and "would" and other forms of these words or similar words are intended to identify forward-looking information. Northern Power's and Distributed Energy's actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors. Northern Power and Distributed Energy each disclaim any obligation to update these forward-looking statements. Factors that could cause results to differ materially from those contained in Northern's and Distributed Energy's forward-looking statements include, but are not limited to, failure of our products and systems to perform as specified or achieve commercial acceptance, the impact of competitive products and systems, and other factors detailed in Distributed Energy's Form 10-Q for the quarter ended June 30, 2006, and other filings Distributed Energy may make from time to time with the SEC. SOURCE Distributed Energy Systems Corp. News Provided By |
