PLUG Plug Power Inc

Plug Power Announces Sale of 12 GenCore(R) Fuel Cell Systems to Florida Department of Environmental Protection First commercial purchase from state agency represents largest single GenCore order to date LATHAM, N.Y., June 16 /PRNewswire-FirstCall/ -- Plug Power Inc. (NASDAQ:PLUG), a leading provider of clean, reliable on-site energy, today announced the sale of twelve GenCore(R) backup fuel cell systems to the Florida Department of Environmental Protection (DEP). "This sale marks completion of the first of several pending opportunities that we expect to close this year in accordance with our public milestone to triple GenCore orders," said Mark Sperry, Plug Power Chief Marketing Officer. "These systems will be deployed in the application for which GenCore was specifically designed." The 5kW hydrogen-fueled GenCore fuel cell systems will be integrated with uninterruptible power supply (UPS) equipment to provide critical backup power to DEP offices throughout the state of Florida. Plug Power was chosen for its ability to deliver a total fuel cell system solution that includes training, service, hydrogen delivery, and a system durable enough to endure extreme weather conditions. "The Florida hurricane season can create power challenges for our critical operations," said DEP Deputy Secretary for Regulatory Programs and Energy Allan Bedwell. "These state-of-the-art fuel cell systems use existing, proven technologies to deliver reliable backup power during service interruptions while providing cost-effective environmental benefits." As a result of this purchase, Plug Power will now be listed as a supplier of backup power for the state of Florida, enabling all state agencies to procure and deploy GenCore systems. This listing complements Plug Power's recent agreements with the U.S. General Services Administration and the N.Y. State Office of General Services which allows federal and state agencies to purchase GenCore backup fuel cell systems directly from federal and state contract listings. About Florida Department of Environmental Protection The Florida Department of Environmental Protection is the lead agency in Florida government for environmental management, resource stewardship and energy policy. The department administers regulatory programs and issues permits for air, water and waste management. It oversees the State's land and water conservation program, Florida Forever, and manages the nationally award- winning Florida Park Service. The Florida Energy Office is housed within the agency, directing Florida's energy policy. The agency is the main architect of the $8 billion funding and management plan to restore America's Everglades -- the largest water restoration project in the history of the world. For more information, visit http://www.floridadep.com/ . About Plug Power Plug Power Inc. is an established leader in the deployment of clean, reliable, on-site energy products. More than 500 Plug Power fuel cell systems have been delivered to customers worldwide in commercial, public sector, telecommunications, utility and uninterruptible power supply markets. For more information about how you can join Plug Power's energy revolution as an investor, customer, supplier or strategic partner, please visit http://www.plugpower.com/ . This press release may contain statements, which are not historical facts and are considered forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements contain projections of Plug Power's future results of operations, Plug Power's product development expectations or of Plug Power's financial position or state other forward-looking information. In some cases you can identify these statements by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will" and "would" or similar words. You should not rely on forward-looking statements because Plug Power's actual results may differ materially from those indicated by these forward- looking statements as a result of a number of important factors. These factors include, but are not limited to, Plug Power's ability to develop commercially viable on-site energy products; the cost and timing of developing Plug Power's on-site energy products; market acceptance of Plug Power's on-site energy products; Plug Power's reliance on its relationship with certain affiliates of General Electric (GEFCS); Plug Power's ability to perform on its multi- generation product plan in a manner satisfactory to GEFCS; Plug Power's ability to manufacture on-site energy products on a large-scale commercial basis; competitive factors, such as price competition and competition from other traditional and alternative energy companies; the cost and availability of components and parts for Plug Power's on-site energy products; the ability to raise and provide the necessary capital to develop, manufacture and market Plug Power's on-site energy products; Plug Power's ability to establish relationships with third parties with respect to product development, manufacturing, distribution and servicing and the supply of key product components; Plug Power's ability to protect its intellectual property; Plug Power's ability to lower the cost of its on-site energy products and demonstrate their reliability; the cost of complying with current and future governmental regulations; the impact of deregulation and restructuring of the electric utility industry on demand for Plug Power's on-site energy products; fluctuations in the trading price and volume of Plug Power's common stock and other risks and uncertainties discussed under the heading "Factors Affecting Future Results" in Plug Power's annual report on Form 10-K for the fiscal year ended December 31, 2004, dated March 15, 2005, and filed with the Securities Exchange Commission on March 15, 2005, and the reports Plug Power files from time to time with the Securities and Exchange Commission. Plug Power does not intend to and undertakes no duty to update the information contained in this press release. DATASOURCE: Plug Power Inc. CONTACT: Cynthia Mahoney White, Manager, Public Relations & Marketing, +1-518-782-7700 ext. 1973, mobile - +1-518-527-1172, Web site: http://www.plugpower.com/ http://www.floridadep.com/

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