Plug Power Showcases Forklift Hydrogen and Fuel Cell Solution at Europe’s Largest Intralogistics Conference
31 Mai 2016 - 01:00PM
Plug Power Inc. (NASDAQ:PLUG), a leader in providing energy
solutions that change the way the world moves, announced today it
will bring its productivity-enhancing GenKey hydrogen and fuel cell
solution to CeMAT, which takes place in Hannover, Germany, from May
31 to June 3, 2016.
The company opens today’s exhibit in hall 26, stand C19/1,
displaying a GenDrive fuel cell and GenFuel hydrogen fuel
dispenser. Plug Power will also be part of the Toyota Material
Handling booth (hall P32, stand B/1130) where a GenDrive fuel cell
will be presented with a Toyota Traigo 48 counterbalance truck.
Plug Power’s GenKey solution is a great fit for CeMAT, a conference
that embraces every area of intralogistics – including innovative,
energy-saving forklift vehicles and industrial trucks.
The demand for GenKey hydrogen and fuel cell solutions in Europe
is growing as the market for clean fuel for forklift trucks
expands. The GenKey package, remaining similar to that sold in
North America, is comprised of GenDrive fuel cells, GenFuel
hydrogen infrastructure and fuel and GenCare customer support.
GenKey enables a significant boost in warehouse driver productivity
as well as the ability to convert hundreds of square feet of space
dedicated to battery maintenance and storage back to usable
warehouse space.
"The market for hydrogen is growing in many European countries
and it is important that material handling executives understand
the wide range of hydrogen and fuel cell products commercially
available for purchase today,” said Andy Marsh, CEO of Plug Power.
“The CeMAT show gives us a great opportunity to let logistics
experts see the solution up close and understand how it will make
an impact in their operations.”
In 2015, the company announced customer wins with Prelocentre in
France and grocery distribution leader Colruyt in Belgium. Not only
is Colruyt one of the first fuel cell customers in Europe, but it
also is home to Plug Power’s first European GenFuel dispenser. The
success of these early adopters has also increased attention of
other material handling professionals throughout Europe. Today,
Plug Power has 10,000 GenDrive units deployed worldwide, 139 units
deployed specifically in Europe.
About Plug Power Inc.The architects of modern
hydrogen and fuel cell technology, Plug Power has revolutionized
the industry with its simple GenKey solution, elements of which are
designed to increase productivity, lower operating costs and reduce
carbon footprints in a reliable, cost-effective way. Plug Power’s
GenKey solution couples together all the necessary elements to
power, fuel and service a customer. Plug Power is the partner that
customers trust to take their businesses into the future. For more
information about Plug Power, visit www.plugpower.com.
Safe Harbor StatementThis
communication contains "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995
that involve significant risks and uncertainties about Plug Power
Inc. ("PLUG"), including but not limited to statements about PLUG's
2016 objectives, including goals relating to revenue, sales,
booking, gross and GenFuel installations, and the GenFund
Power-Purchase Agreement program. You are cautioned that such
statements should not be read as a guarantee of future performance
or results, and will not necessarily be accurate indications of the
times at, or by which, such performance or results will have been
achieved. Such statements are subject to risks and uncertainties
that could cause actual performance or results to differ materially
from those expressed in these statements. In particular, the risks
and uncertainties include, among other things, the risk that we
continue to incur losses and might never achieve or maintain
profitability; the risk that we will need to raise additional
capital to fund our operations and such capital may not be
available to us; the risk that our lack of extensive experience in
manufacturing and marketing products may impact our ability to
manufacture and market products on a profitable and large-scale
commercial basis; the risk that unit orders will not ship, be
installed and/or converted to revenue, in whole or in part; the
risk that pending orders may not convert to purchase orders, in
whole or in part; the risk that a loss of one or more of our major
customers could result in a material adverse effect on our
financial condition; the risk that a sale of a significant number
of shares of stock could depress the market price of our common
stock; the risk that negative publicity related to our business or
stock could result in a negative impact on our stock value and
profitability; the risk of potential losses related to any product
liability claims or contract disputes; the risk of loss related to
an inability to maintain an effective system of internal controls
or key personnel; the risks related to use of flammable fuels in
our products; the cost and timing of developing, marketing and
selling our products and our ability to raise the necessary capital
to fund such costs; the ability to achieve the forecasted gross
margin on the sale of our products; the risk that our actual net
cash used for operating expenses may exceed the projected net cash
for operating expenses; the cost and availability of fuel and
fueling infrastructures for our products; market acceptance of our
products, including GenDrive, GenSure and GenKey systems; the
volatility of our stock price; our ability to establish and
maintain relationships with third parties with respect to product
development, manufacturing, distribution and servicing and the
supply of key product components; the cost and availability of
components and parts for our products; our ability to develop
commercially viable products; our ability to reduce product and
manufacturing costs; our ability to successfully expand our product
lines; our ability to successfully expand internationally; our
ability to improve system reliability for our GenDrive, GenSure and
GenKey systems; competitive factors, such as price competition and
competition from other traditional and alternative energy
companies; our ability to protect our intellectual property; the
cost of complying with current and future federal, state and
international governmental regulations; risks associated with
potential future acquisitions; and other risks and uncertainties
referenced in our public filings with the Securities and Exchange
Commission. For additional disclosure regarding these and other
risks faced by PLUG, see disclosures contained in PLUG's public
filings with the Securities and Exchange Commission (the "SEC")
including, the "Risk Factors" section of PLUG's Annual Report on
Form 10-K for the year ended December 31, 2015. You should consider
these factors in evaluating the forward-looking statements included
in this presentation and not place undue reliance on such
statements. The forward-looking statements are made as of the date
hereof, and PLUG undertakes no obligation to update such statements
as a result of new information.
Media and Investor Relations Contact:
Teal Vivacqua
Plug Power Inc.
Phone: 518.738.0269
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