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Technology Stocks : Distributed Energy Systems Corp. (DESC)

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To: Rutgers who wrote (1)	6/1/2004 11:04:50 AM
From: Rutgers	Read Replies (1) of 122

Receives $1.1 Mill Contract for Advanced Fuel Cell Development WALLINGFORD, Conn., June 1 /PRNewswire-FirstCall/ -- Proton Energy Systems, Inc., a subsidiary of Distributed Energy Systems Corp. (Nasdaq: DESC - News), announced today the receipt of $1.1 million in additional funding to continue its Phase II project with the Naval Research Laboratory, or NRL, for advanced fuel cell technology development. ... Proton's Senior Vice President, Robert Friedland commented, "We are pleased that DARPA and NRL have chosen Proton and its contractor team to continue this project. Government sponsorship is an important part of advancing our regenerative fuel cell technology, which we believe will have far-reaching implications for military, aerospace, homeland defense and commercial applications." [emphasis added] biz.yahoo.com

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