DISTRIBUTED ENERGY COMBINING NORTHERN POWER & PROTON ENERGYTO STRENGTHEN OPERATIONS, REDUCE COSTWALLINGFORD, CT, January 31, 2007 — Distributed Energy Systems Corp. (NASDAQ: DESC), today announced it will combine its two subsidiaries Northern Power Systems and Proton Energy Systems — to reduce cost and strengthen systems sales, engineering, production, service and technology development.The company, which creates and delivers products and solutions for the decentralized energy marketplace, said the reorganization will result in a charge against 2007s first-quarter results of approximately $1.0 million, or $0.03 per share, to account for staff reductions, reflecting the elimination of about 60 jobs, or 20% of the workforce, and related expenses. The reorganization is estimated to result in savings of approximately $4-$5 million, on an annualized basis, beginning in the second quarter of 2007. In addition, the Waitsfield, VT, location will be closed, and its activities moved to the companys 110,000-square-foot Barre, VT facility.During the past year, it became increasingly clear that we would benefit going forward by implementing our strategy now, to become a one-company organization, said Ambrose L. Schwallie, Distributed Energys chief executive officer. We expect these changes to improve sales and marketing effectiveness, reduce costs, enhance efficiencies of our systems engineering, products and service capabilities, and enable more and better cross-fertilization in advanced technology development.This new functional structure, Mr. Schwallie continued, allows us to focus more precisely on the markets, critical business drivers and capabilities that give Distributed Energy the best prospects for the higher-margin revenues we need to foster strong, sustained, profitable growth. Taking this action promptly will, we believe, enable the company to make better progress toward our goal of reaching profitability.Markets and OrganizationDiscussing the reorganization further, the Distributed Energy CEO cited the companys emphasis on power generation and power electronics systems, systems engineering and combined heat-and-power projects, products and services for oil and gas exploration markets, larger-scale wind projects for power generation, and commercial hydrogen, renewable fuels, and waste-to-energy technologies.To implement the reorganization, Mr. Schwallie also announced the appointment of three senior vice presidents to company-wide functional positions, all reporting to him:”Mark Murray now leads the sales and marketing functions for all of Distributed Energy products, systems and services. Mr. Murray most recently headed the companys commercial hydrogen business.”Betsy Anderson assumes responsibility for all of the companys engineering, production, project management and service activities, expanding her prior operating responsibilities beyond energy systems, products and services.”Robert Friedland takes on management duties encompassing all technology innovation, including the hydrogen research and development programs that he previously ran.Under their experienced leadership, Mr. Schwallie said, the company will work to strengthen lines of communication and operating efficiencies within the company, improve our impact in the marketplace, and continue to pursue the ideas and technologies that can enable Distributed Energy to be one of the leaders in alternative and renewable energy solutions.Mr. Schwallie concluded: This new unified focus should begin to be reflected in 2007 operating results. We believe this new, revitalized organization will put Distributed Energy in a stronger position to drive improved operating margins, and better serve markets where our capabilities and business models deliver valuable benefits to customers, now and in the years ahead.About Distributed Energy Systems Corp.Distributed Energy Systems Corp. (NASDAQ: DESC) creates and delivers products and solutions to the emerging decentralized energy marketplace, giving users greater control over their energy cost, quality and reliability. The company delivers a combination of practical, ready-today energy solutions and the solid business platforms for capitalizing on the changing energy landscape. For more information visit http://www.distributed-energy.com(link is external).
Categories: Editorial, OpinionIn the National Archives, where many of the nation’s important documents are kept, is a collection of yellowing papers titled plainly: World War II Honor List of Dead and Missing Army and Army Air Forces Personnel from New York.It is exactly what it says it is — an alphabetical list, broken down by county, of all the soldiers from our state killed during that war.It’s very military-like in its form. Each name is typed in capital letters: last name, first name, middle initial. And each name is followed by the soldier’s seven- or eight-digit serial number, rank and a code.A casualty code.DOW. DOI. KIA. DNB. FOD. M.Died of Wounds. Died of Injuries. Killed in Action. Died Non-Battle. Finding of Death. Missing.You’d think boiling down the deaths of these brave soldiers to the bare minimum amount of information on a long, typed list, then storing it in a building with billions of other pieces of paper, would take away the humanity. That not showing the pictures of the dead and not offering details of the casualty codes would make the deaths less personal. And what of the missing? What became of them? Where did they find their final place of rest?The military can boil down the horrors of war to letters and numbers on a page. But it can’t take away the suffering. It can’t take away the loss.It can’t take away their heroism in service to our country.Every name on every list like this, from every war, every serial number, every code, belongs to someone.And each of these individuals deserves our eternal gratitude on this day of memorial.Please take time to honor them. That somehow reducing their lives to a few taps of a clerk’s typewriter would make the horrors they saw and the pain they suffered easier to comprehend.But in fact, poring over the lists of names has the opposite effect.In the brevity of each entry, the list actually makes their sacrifices even more stark and real, in that it forces us to ask questions.Who were these soldiers? Were they young boys or were they older? Are those on the list who share the same last name brothers or cousins or father and son?What’s behind those casualty codes? How were they killed? Where were they when they died? Did they hear the bullet or the bomb coming? Did they write their mother or sweetheart in their final days? Were they alone? Or did they die with their buddies?For those who died of their wounds, how much did they suffer and for how long? What were they thinking as they lay on the battlefield until they were carried off? Who risked their own life to save these wounded soldiers, only to have them pass away later? More from The Daily Gazette:EDITORIAL: Beware of voter intimidationEDITORIAL: Thruway tax unfair to working motoristsEDITORIAL: Urgent: Today is the last day to complete the censusEDITORIAL: Find a way to get family members into nursing homesFoss: Should main downtown branch of the Schenectady County Public Library reopen?