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Technology Stocks : Distributed Energy Systems Corp. (DESC)

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To: Rutgers who wrote (54)8/3/2005 12:37:27 PM
From: Rutgers  Read Replies (1) of 122
 
Linde Gas and Proton Energy Systems Join to Market Products in the U.S., Mexico and the Caribbean

biz.yahoo.com

Wednesday August 3, 12:27 pm ET

CLEVELAND, Aug. 3 /PRNewswire/ -- Linde Gas announced today it will add Proton Energy System's proprietary product line to Linde's portfolio of Analytical, Metallurgical and Energy Segment Products. Linde Gas LLC has entered into an agreement with Proton Energy Systems, Inc., a subsidiary of Distributed Energy Systems Corp. (Nasdaq: DESC - News), under which Linde Gas will become a distributor for Proton's HOGEN® on site hydrogen generation systems.

Linde Gas will market Proton's HOGEN® to energy and utilities sector customers in the United States, Mexico and the Caribbean. This distribution agreement will further enhance Linde's product and service capabilities for the high-growth North American energy sector. Additionally, the agreement allows Linde Gas LLC to provide Proton's equipment to the Linde Group, extending Proton's global distribution network.

"Offering our customers Proton's HOGEN® on site hydrogen generation systems advances Linde's global hydrogen energy initiatives in North America," says Phillip Midgett, Linde Gas Segment Manager for Energy and Utilities.

Region Manager for Specialty Gases RNA Howard Hubert adds, "Linde Gas is pleased to be a distribution partner with Proton. We're very enthusiastic about combining Proton's proprietary product line with Linde's extensive process technology platform and global service capabilities. Customers in the Analytical, Metallurgical, Electronics and of course Energy Segments will benefit from this relationship."

Proton's HOGEN® on site hydrogen generators produce hydrogen from electricity and water without harmful by-products. By providing a constant flow of high-purity hydrogen in electric utility applications, the hydrogen generator cools the electric generator casing. Using a patent pending process, these turnkey hydrogen generator systems can improve efficiencies in a utility's electric generators and result in significant cost savings by reducing windage loss, increasing output capacity and helping to extend generator maintenance intervals.

Proton Energy's president, Mark Murray, states, "We recognize Linde's strength internationally and believe having Linde Gas distribute our products in these markets represents an important step towards a global relationship. Our technology allows power plants significant performance enhancements that drop directly to their bottom line and support Linde's strategic focus in the power generation market."

About Linde Gas

Linde Gas services the industrial and specialty gas requirements of industries such as manufacturing, food processing, energy, chemicals, metals, environmental conservation, pharmaceutical, biotechnology and construction. Linde Gas LLC is the United States subsidiary of the Gas and Engineering Division of Linde AG. With over 40,000 employees worldwide serving customers in over 50 countries, Linde AG is an international technology group, which occupies leading market positions in each of its two business segments Gas and Engineering and Material Handling. Visit us at us.lindegas.com.

About Proton Energy Systems, Inc. and HOGEN®

Proton Energy Systems, Inc., a subsidiary of Distributed Energy Systems Corp., is a world leader in development and manufacture of Proton Exchange Membrane (PEM) on-site hydrogen generators. Proton's HOGEN® hydrogen systems are used worldwide to supply hydrogen for industrial processes such as power plant generator cooling, materials processing, semiconductor manufacturing, fuel cell fueling, chemical reactions and laboratory analysis. For more information, please visit protonenergy.com.
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