To: Saulamanca who wrote (937 ) 7/19/2005 10:20:39 PM From: ~digs Respond to of 7944 new highs for DESC stockcharts.com [w,a]daclyiay[pc40!c200!f][vc60][iut!La12,26,9!Ll14]&pref=G WALLINGFORD, Conn., July 18 /PRNewswire-FirstCall/ -- Distributed Energy Systems Corp. (Nasdaq: DESC - News) today announced revised upward guidance for 2005, forecasting second-quarter and full-year revenue increases compared with a year ago. Distributed Energy -- the parent company of Northern Power Systems and Proton Energy Systems, two advanced energy technology companies that merged in December 2003 -- said it anticipates 2005 total revenues to be in the $40 million range, up from its earlier forecast of $30 million and higher than 2004 revenues of $22 million. In addition, the company announced that revenues for the second quarter ended June 30, 2005 are expected to be greater than $10 million, up from $4.3 million a year ago. The anticipated improved revenues primarily reflect increased bookings and a growing backlog at Northern Power. For the second half of the year, we also expect to improve margins and have taken further action to reduce operating expenses," said Chip Schroeder, president of Distributed Energy Systems. "We are raising our guidance because we see positive momentum in our ability to penetrate important distributed power markets, including those in the upstream oil and gas industry and in growing commercial and industrial markets. Our customers want enhanced control of energy resources and costs made possible by our on-site/on-grid power systems," he added. "Even as we are growing bookings and backlog, we are well aware that our bottom line is not yet where we need it to be. We are making progress toward getting to cash breakeven, which remains our highest priority," Mr. Schroeder said, "and we are committed to the goal of becoming one of the first companies to make money serving the new energy marketplace."