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Technology Stocks : Distributed Energy Systems Corp. (DESC)

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From: Rutgers8/25/2005 4:56:14 PM
   of 122
 
500-Mile Russian Oil Pipeline Project Selects DESC for Critical Systems

biz.yahoo.com

Thursday August 25, 4:39 pm ET
Company's TelePrime(TM) Systems to Supply Power for Maintenance and Telecom Needs

WAITSFIELD, Vt., Aug. 25 /PRNewswire-FirstCall/ -- Northern Power Systems, a subsidiary of Distributed Energy Systems Corp (Nasdaq: DESC - News), announced that it has been selected to provide two integrated power systems for the Sakhalin-II Pipeline project on Sakhalin Island in the Russian far east. The contract is valued at approximately $1.5 million, bringing Northern Power's total contractual involvement in Sakhalin oil and gas development projects to more than $6 million.

Northern Power will supply its TelePrime(TM) power systems to the 800-kilometer (approximately 500-mile) pipeline to provide reliable, uninterrupted power for maintenance and telecom needs. A particular use for the power generated will be for the maintenance practice known as "pig launching." This process, by which a solid plug, or "pig," is passed through a pipeline, facilitates cleaning, separates product, and measures the pipeline's wall thickness.

About the System

The two TelePrime (continuous-run) systems will utilize natural gas-fueled, reciprocating engines. Also included in the systems will be Northern Power's state-of-the-art Programmable Logic Controller-based controllers, providing complete electrical and environmental system control, as well as a communications interface for remote monitoring and control. The system is designed to handle larger-than-projected or high peak loads and to be flexible enough to handle evolving application requirements.

Responsible for the design, fabrication and testing of the systems, Northern Power plans to complete manufacturing at its new 100,000 sq. foot facility in Barre, Vermont; the first system will ship to Russia by mid-March 2006.
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