Proton Energy Systems, Inc. , today announced that its wholly owned subsidiary, Distributed Energy Systems Corp., has filed a registration statement on Form S-4, including a preliminary joint proxy statement/prospectus relating to the acquisition of Northern Power Systems, Inc. Under the terms of the merger, Northern will be acquired and held as a wholly owned subsidiary of Distributed Energy and Proton will become a wholly owned subsidiary of Distributed Energy.

Northern will be acquired for a combination of cash and stock valued at approximately $27.5 million and ...

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