PLUG Plug Power Inc

Plug Power Receives Funding to Begin Field Testing Next-Generation Continuous-Run Fuel Cell Systems Ten Systems to Ship to U.S. Department of Defense LATHAM, N.Y., July 21 /PRNewswire-FirstCall/ -- Plug Power Inc. (NASDAQ:PLUG), a leading provider of clean reliable on-site energy, today announced that the Company received a $943,000 contract extension from the Department of Defense as part of the Common Core Power Production Program. This new funding will enable Plug Power to begin field testing the Company's next-generation continuous-run fuel cell systems. "This Air Force field test is critical to our mission of developing the most robust and rugged end-to-end solution for military and civilian Common Core Power Production adaptation," said Mike Mead, Chief, Advanced Power Technology Office, Robins Air Force Base, Georgia. "During this project we will be comparing fuel cell systems with the current power technology sets used to support base operations and forward deployment efforts." Under the Program, 10 of Plug Power's next-generation continuous-run fuel cell systems will be installed and operated at Robins Air Force Base in Georgia. The 5-kilowatt, prime power, LPG (liquefied petroleum gas) fueled systems will be used to confirm system reliability and suitability for forward deployment efforts on military bases. Additionally, information gathered during this trial will be used to modify and enhance product features and performance. "The Department of Defense has been a steadfast customer for several generations of our fuel cell systems," said Dr. John Elter, Plug Power, Chief Technology Officer. "We are excited about the opportunity to begin in- application field testing of our next-generation continuous-run fuel cell systems." Partners in the project include: Advance Power Technology Office, Warner Robins Air Logistics Center at the Robins Air Force Base in Georgia -- site host and program sponsor; U.S. Army Corps of Engineers, Engineer Research and Development Center, Construction Engineering Research Laboratory -- contracting agent and program manager; Concurrent Technologies Corporation -- on-site logistical support and program manager; and LOGANEnergy --installation and service provider. In conjunction with this announcement, Plug Power will no longer accept orders for its first generation GenSys(R) product. Since 2001, Plug Power has installed and operated more than 425 continuous-run fuel cell systems in approximately 130 field locations with customers and partners in North and South America, the European Union and Asia. The learning from this extensive field experience is being incorporated into the next-generation design. 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 to 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, Plug Power Inc., Phone: +1-518-782-7700 ext. 1973, Mobile: +1-518-527-1172, Web site: http://www.plugpower.com/

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