Northern Power move will cost jobs

first_imgDISTRIBUTED 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).last_img read more

When the ‘cat’ won’t fit it’s time for a new house

first_imgThe Boseley’s ‘cat’, Samibella, at 13 Australia Court before the new pontoon was built. A lovely place to sit and watch life on the canals.“Everybody helps everybody else, there are no disputes.“I think the water keeps you very serene, it just makes everybody happy.”The couple have lived at Australia Court for 15 years. This could be your happy place.The two-level house is on a 702sq m block with a 20.9m canal frontage and its own private pontoon.The double brick house has a staircase and flooring made from Jarrah hardwood. CHECK OUT THE AUCTIONS PLANNED FOR BRISBANE THIS WEEKEND There is deep water access to Moreton Bay from this canal home.But Mrs Boseley is already missing canal living.“It’s addictive to live on a canal,’’ she said.“Because my ducks come in the morning and I feed them, and herons used to visit me daily.More from newsParks and wildlife the new lust-haves post coronavirus16 hours agoNoosa’s best beachfront penthouse is about to hit the market16 hours ago“It’s beautiful watching the boats coming up and down the canal. “We had another canal home but the pontoon was too small for the boat,” Helen Boseley said.“We moved here, and it was perfect for this pontoon.”Helen and Brian Boseley are downsizing the boat and the house, moving to Brighton with a seven metre Steber fishing boat that fits on a trailer.Their four-bedroom canal home at 13 Australia Court, Newport with deep water access to Moreton Bay, is going to auction on November 10. The two main bedrooms have their own ensuites.“My bedroom looks straight down the canal and always has the sea breezes but I do like the kitchen with the big window overlooking the pool.” Eat, sleep, sail and repeat at this beautiful Newport address. Moor the cat and catch-up with friends in your own bistro-style outdoor area.The master bedroom has an ensuite and balcony access and there is a second bedroom with an ensuite. Canal breezes flow through every room.The open-plan living areas lead out to private decks and the canal. Now this is a pontoon fit for a cat that’s been around the world.The Boseley family upsized their canal home because their ‘cat’ needed more room.Now they have a Steber and are moving to Brighton.Samibella was the name of the 12 metre Prout Escale catamaran which had sailed the world before coming to the Newport canals.last_img read more

Do you fancy climbing Mount Errigal tomorrow?

first_imgHave you ever climbed Mount Errigal? Here’s your chance to conquer Donegal’s highest peak while also raising funds for Donegal Down Syndrome Association.Everyone is invited to come along for a leisurely climb up Errigal tomorrow morning – regardless of fitness level and whether or not they’ve climbed Errigal 1,000 times or no times at all!Participants are meeting at the car park at the foot of Errigal at 10 am, and people are asked to ensure they have walking boots or solid runners,  a coat, water, a phone, and comfortable clothing. A spokesperson for the event says; “Everyone, no matter what your ability, is welcome to join us and help raise funds for the Donegal Down Syndrome Association.”If you would like to donate to the cause you can help them reach their €500 goal by clicking here.Do you fancy climbing Mount Errigal tomorrow? was last modified: August 11th, 2017 by Elaine McCalligShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:climbingdown syndrome associationmount errigallast_img read more