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Prospector
Profile
07.1636
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| Distributed Energy Systems Corp. |
NAICS |
221122 |
| 10 Technology Drive
Wallingford, CT 06492 |
Description |
Power Generation |
| (203) 678-2000 |
Employees |
0 |
| http://www.distributed-energy.com/ |
Revenue |
(mil) |
45.0920 |
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Income |
(mil) |
-53.3550 |
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Assets |
(mil) |
69.8890 |
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Liability |
(mil) |
23.1490 |
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(for the year ended 2006-12-31) |
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Category:
Loss/Deficit
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Event:
Distributed Energy Systems Corp. had a net loss of $15,244,347 on revenues of $7,143,271 for the three months ended September 30, 2007, much higher than the $6,315,254 net loss on revenues of $14,755,303 reported during the three months ended September 30, 2006. For the nine months ended September 30, 2007, the Company had a $40,162,666 net loss, much higher than the $20,196,516 net loss reported during the nine months ended September 30, 2006. The Company's balance sheet at September 30, 2007, showed an accumulated deficit of $229,432,163.
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Intellectual Property:
The Company has developed proprietary technology and intellectual property relating to various aspects of its distributed energy systems, power electronics, wind turbines and related systems. The Company aggressively protects its intellectual property assets using patent, trade secret, trademark and copyright law, but no single patent, trademark or trade name is material to its business as a whole. The protection of these assets has continued to accelerate, and it has been issued 6 U.S. patents covering aspects of its wind turbine and electrical power conversion designs. It has an extensive patent portfolio, including 58 issued patents in the U.S. and 7 in Europe, and 108 pending patent applications. In addition to its patented assets, the Company holds U.S. registered and unregistered trademarks pertaining to its distributed generation business. The registered trademarks include Northwind®and SmartView®. The Company's unregistered trademarks include MPower™, PowerRouter™, Power Distributor™, PowerAdvantage™, TeleSol™, SOLS™, TelePower™, Teleprime™, GridTie™, NP-Power™, MT-Power™, TG-Power™, and VT-Power™. [SEC Filing 10-K 03-13-07]
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Description:
The Company, through its subsidiaries, engages in the creation and delivery of products and solutions to the energy markets in the U.S.
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Officers:
Robert W. Shaw, Jr. (Chair); Walter W. Schroeder (Pres. & Dir.); Ambrose L. Schwallie (CEO); Peter Tallian (CFO); John A. Glidden (VP-Finance); Gerald S. Ostroski (Dir.); James H. Ozanne (Dir.); Paul F. Koeppe (Dir.); Theodore Stern (Dir.)
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Auditor:
PricewaterhouseCoopers LLP
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Securities:
Common Stock Symbol DESC; NasdaqGM;
39,948,982 common shares outstanding as of November 2, 2007.
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