SOURCE: Distributed Power, Inc.

October 25, 2005 06:00 ET

DISTRIBUTED POWER, INC. Eyes $1 Billion of Potential Hydroelectric Acquisitions in China

LIME ROCK, CT -- (MARKET WIRE) -- October 25, 2005 -- DISTRIBUTED POWER, INC. (OTC: DDPW), a leading owner and developer of distributed generation facilities providing on-site electric power and energy to industrial and commercial customers, announced today that it plans to enter into a letter of intent to acquire up to 240 Megawatts of operating hydroelectric power plants in the People's Republic of China. The Company is having discussions with parties wishing to sell hydroelectric projects with annual revenue of approximately $1 billion.

China has enacted legislation and other measures that require local governments that own hydroelectric projects to sell them to private enterprise. China is currently experiencing tremendous economic growth and needs companies whose managements have both electric power and financial expertise to meet the country's growing power needs.

DISTRIBUTED POWER, INC. owns and develops distributed generation facilities that provide on-site electric power and energy to industrial and commercial customers.

This press release discusses certain matters that may be considered "forward-looking" statements within the meaning of Section 27a of the Securities Act of 1934, as amended, or the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties that could materially affect actual results such as, but not limited to: (i) changes in government regulations, including the deregulation of the electric power industry; (ii) commercial operations of new plants that may be delayed or prevented because of various development or construction risks, such as failure to obtain financing or the necessary permits to operate; (iii) cost estimates that are preliminary; and (iv) risks and uncertainties as further disclosed in the Company's periodic reports filed with the Securities and Exchange Commission. As a result, there can be no assurance the Company's future results will not be materially different from those projections. The Company hereby disclaims any obligation or undertaking to release publicly any updated revisions to any such statements to reflect any change in the Company's expectations or any change in events, conditions or circumstances on which this statement is based.

Contact Information