Plug Power To Host Virtual Plug Symposium On September 24, 2020
21 September 2020 - 01:00PM
Plug Power Inc. (NASDAQ: PLUG), a leading provider of clean
hydrogen and zero-emission fuel cell solutions for the power,
energy, and transportation industries, will host its second annual
Plug Symposium on Thursday, September 24, 2020.
The event presents an opportunity for engaging dialogue on
advancing sustainable solutions for an electrified world. The
program features a deep dive into the state of the global green
hydrogen economy. Alongside Plug Power’s executive leadership, the
symposium brings together an impressive roster of speakers from
across the industry and stakeholder groups. These experts will
provide their perspectives on how the hydrogen and fuel cell
industry is adapting to today’s dynamic environment of growth. The
speakers will also share their insights on key micro and
macro-level developments and opportunities in high growth markets
such as green hydrogen.
“Over the past year, Plug Power has brought hydrogen fuel cells
to new markets, expanded our product lines and made strides toward
vertical integration with strategic acquisitions,” said Andy Marsh,
Plug Power CEO. “I’m thrilled to have the opportunity to share our
progress made towards achieving the goals to deliver $1.2 billion
in annual gross billings, $200 million in operating income and $250
million in adjusted EBITDA. I also look forward to hearing from the
industry leaders who share our vision.”
“Plug Power is accelerating the future of the hydrogen economy
including green hydrogen generation and broader mobility
applications,” said Sanjay Shrestha, Plug Power Chief Strategy
Officer. “Hydrogen’s potential to deliver on climate commitments,
enhance energy security and unlock new value for businesses is
becoming increasingly clear. We’re excited to bring the industry
together at this year’s Plug Symposium to discuss pertinent issues
that will accelerate the industry’s growth.”
The half-day Plug Symposium will also provide investors and
analysts a view into the company’s progress toward its 2024 targets
and present a roadmap of strategic opportunities. For an agenda and
to register for the event by September 23rd, please visit the link
here.
About Plug PowerPlug Power is building the
hydrogen economy as the leading provider of comprehensive hydrogen
fuel cell (HFC) turnkey solutions. The company’s innovative
technology powers electric motors with hydrogen fuel cells amid an
ongoing paradigm shift in the power, energy, and transportation
industries to address climate change and energy security, while
providing efficiency gains and meeting sustainability goals.
Plug Power created the first commercially viable market for
hydrogen fuel cell (HFC) technology. As a result, the company has
deployed over 35,000 fuel cell systems for e-mobility, more than
anyone else in the world, and has become the largest buyer of
liquid hydrogen, having built and operated a hydrogen highway
across North America. Plug Power delivers a significant value
proposition to end-customers, including meaningful environmental
benefits, efficiency gains, fast fueling, and lower operational
costs.
Plug Power’s vertically-integrated GenKey solution ties together
all critical elements to power, fuel, and provide service to
customers such as Amazon, BMW, The Southern Company, Carrefour, and
Walmart. The company is now leveraging its know-how, modular
product architecture and foundational customers to rapidly expand
into other key markets including zero-emission on-road vehicles,
robotics, and data centers.
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 expectations
regarding growth in Europe, revenue, growth with GenKey customers
and its project financing platform. 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 that, 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 (the “SEC”). For additional disclosure regarding these
and other risks faced by PLUG, see disclosures contained in PLUG's
public filings with the SEC including, the "Risk Factors" section
of PLUG's Annual Report on Form 10-K for the year ended December
31, 2019. 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.
SOURCE: PLUG POWER
Media Contact Ian MartoranaThe Bulleit
Group(415) 237-3681plugpowerpr@bulleitgroup.com
Plug Power (NASDAQ:PLUG)
Historical Stock Chart
Von Feb 2024 bis Mär 2024
Plug Power (NASDAQ:PLUG)
Historical Stock Chart
Von Mär 2023 bis Mär 2024