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DESC's CEO to Report Strengthening Order Flow at Annual Shareholders' Meeting Today
09:09 a.m. 06/06/2006 Provided by


WALLINGFORD, Conn., June 6, 2006 /PRNewswire-FirstCall via COMTEX/ -- The chief executive officer of Distributed Energy Systems Corp. (DESC) will tell shareholders today that the company's order backlog continued to strengthen, and he will reaffirm that 2006 is shaping up to be another year of growth and record revenues.

In remarks to be delivered at Distributed Energy's annual meeting in Windsor, CT, later this morning, Ambrose L. Schwallie will announce that the alternative energy company's backlog has grown an additional 10% to almost $33 million, in less than a month. Backlog stood at just under $30 million as of May 9th, when the company reported its 2006 first quarter results.

He will also report that the backlog's growth is up more than 30% from $25 million in early March, and does not yet include additional project commitments where, in Mr. Schwallie's words, "we have received the green light from major companies and await only final paperwork to formally book those commitments as backlog."

Mr. Schwallie will also point out at the shareholders' meeting that, after a slow start during the early part of the year, "the delayed order flow is beginning to catch up as we move toward the second half of 2006. We believe our backlog and new customer commitments will enable us to make up for the shortfalls in the first and second quarters -- and then some -- to achieve another record revenue year."

Distributed Energy accounts for its order backlog as the total of only contractually committed work to be performed during the next 12 months. The current figure includes increased orders for Northern Power's energy systems and services and Proton's commercial hydrogen systems, as well as advanced hydrogen technology back-up power and transportation fueling projects, some of which are funded by government and foundation grants.

The full text of Mr. Schwallie's remarks at the annual meeting is expected to be posted by 12 noon (EDT) on Tuesday, June 6th, at the following Web address: http://www.distributed-energy.com/press/corporate.html?news_id=17045&year=2006&month=06

About Distributed Energy Systems Corp.

Distributed Energy Systems Corp. (DESC) creates and delivers products and solutions to the emerging decentralized energy marketplace, giving users greater control over their energy cost, quality and reliability. As the parent company of Proton Energy Systems ( http://www.protonenergy.com ) and Northern Power Systems ( http://www.northernpower.com ), Distributed Energy Systems 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 .

This press release contains forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Statements contained herein concerning Distributed Energy's goals, future revenue and profitability, financial sustainability, and anticipated growth and other statements that are not statements of historical fact may be deemed to be forward-looking information. Without limiting the foregoing, words such as "grow," "beginning," "shaping up," "achieve," "enable," and other forms of these words or similar words are intended to identify forward- looking information. Distributed Energy's actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors. Distributed Energy disclaims any obligation to update these forward-looking statements. Factors that could cause results to differ materially from those contained in Distributed Energy's forward-looking statements include, but are not limited to, our failure to perform contracts for customers profitably, or complete development of our products, the failure of our products to achieve commercial acceptance, our inability to expand our production facilities, manufacture our products at commercially acceptable costs or establish distribution relationships, the impact of competitive products, and other factors detailed in Distributed Energy's Form 10-Q for the quarter ended March 31, 2006, and other filings Distributed Energy may make from time to time with the SEC.

John Glidden, VP of Finance, Distributed Energy Systems Corp., [phone]

http://www.prnewswire.com

Copyright (C) 2006 PR Newswire. All rights reserved.


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