Plug Power to Discuss Sustainability, Productivity With Senior Retail Executives at Green Retail Decisions Innovation Summit
13 Juni 2016 - 1:00PM
Plug Power Inc. (NASDAQ:PLUG), a leader in providing energy
solutions that change the way the world moves, announced today it
will attend the Green Retail Decisions Innovation Summit, occurring
June 14-16 in Chicago, Illinois.
The Green Retail Decisions Innovation Summit is an exclusive
invitation-only event for green retailing executives and leading
industry suppliers. This focused event brings solutions providers
and retailers together to participate in high-level networking,
one-to-one meetings, boardroom briefings and informative keynote
presentations. Vice President of Global Sales, Mr. Jose Luis
Crespo, will represent Plug Power to present and initiate sales
discussions with these potential customers.
The overall theme of the event is “sustainable retailing” and
Plug Power will connect with retail executives on how implementing
hydrogen fuel cells into their forklifts and other material
handling equipment can provide operators with a more productive,
predictable and sustainable solution to the demands of shelf
stocking and product picking.
With Plug Power’s GenKey complete range of turnkey services,
including the GenDrive fuel cells, GenFuel hydrogen infrastructure
and fuel and GenCare aftermarket customer service and support, it’s
easier than ever for retail distribution centers to implement
hydrogen power into their facilities.
Plug Power’s GenDrive fuel cells increase the productivity of
the lift truck operation – the trucks operate with consistent power
for an entire shift, eliminating challenges that come with a
depleting battery. When it’s time to refuel, management knows
operators will be back on the floor quickly. GenDrive-powered
material handling equipment can be refueled in just minutes,
replacing the 12 to 15 minutes dedicated to battery changes in the
past. This level of predictability allows fleet managers at retail
customer sites to properly scale operations and cost-effectively
meet demands.
“Retail distribution centers run nonstop, meaning fleets need to
be available 24x7 and operators need solutions in place for maximum
productivity,” said Andy Marsh, CEO of Plug Power. “Retail
executives buy GenKey solutions because it enables operations to
achieve maximum productivity in material handling efforts, and
exceed in meeting sustainability targets. We look forward to
bringing on Green Retail Decision Summit attendees as Plug Power
customers.”
For more information on how Plug Power is helping retail
distribution centers, visit
http://www.plugpower.com/industries/material-handling/retail/.
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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