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Technology Stocks : Distributed Energy Systems Corp. (DESC)

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To: Rutgers who wrote (42)5/9/2005 6:47:09 PM
From: Rutgers  Read Replies (1) of 122
 
Air Products Selects Proton Energy Systems (DESC) as Preferred Supplier for Electrolysis-Based Hydrogen Fueling Stations

biz.yahoo.com

Monday May 9, 12:31 pm ET
Three Stations Slated for California to be Operational in 2005

LEHIGH VALLEY, Pa., May 9 /PRNewswire-FirstCall/ -- Air Products (NYSE: APD - News) today announced the signing of a supply agreement with Proton Energy Systems, Inc., a subsidiary of Distributed Energy Systems Corp. (Nasdaq: DESC - News), and selection of Proton as the preferred supplier for its electrolysis-based hydrogen energy stations.

"From a PEM (proton exchange membrane) standpoint, Proton is a leader in this technology," said Ed Kiczek, senior business development manager, Future Energy Solutions at Air Products. "When you combine Proton's PEM electrolysis with our hydrogen compression, storage and dispensing technology, you have a fully comprehensive hydrogen fueling station with zero emissions at the site."

Robert Friedland, senior vice president of Proton's hydrogen technology group, added, "Continuing to team with Air Products on hydrogen fueling stations reaffirms the value of our collaboration on this important work. Our joint efforts to date created a configuration that is deployable in a simple compact design layout to provide fuel cell quality hydrogen for various vehicle configurations. We look forward to our future collaboration to help advance the state of the art and the promise of hydrogen fueling technology."

Under the supply agreement, Proton's HOGEN® hydrogen generators, which produce hydrogen from electricity and water in a clean and efficient process using its proprietary PEM technology, will initially be used at three previously announced Air Products fueling stations to be placed in California in 2005. Recently, Air Products was selected for three demonstration projects by the California South Coast Air Quality Management District (SCAQMD) for fueling stations to be placed in Burbank, Riverside and Santa Monica. Air Products and Proton have also collaborated on fueling stations to be located in Vermont, and at a station soon to be dispensing hydrogen for bus transportation at the University of Nevada-Las Vegas.
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