Plug Power Receives California Multiple Awards Listing
29 Novembre 2005 - 7:10PM
PR Newswire (US)
Enables California State Agencies to Purchase GenCore(R) Backup
Fuel Cell Systems LATHAM, N.Y., Nov. 29 /PRNewswire-FirstCall/ --
Plug Power Inc. (NASDAQ:PLUG), a leading provider of clean,
reliable on-site energy, announced today that the Company's
GenCore(R) 5kW backup fuel cell system is now available through a
California Multiple Awards Schedule contract through the State of
California's Department of General Services Procurement Division.
The GenCore has been listed under the classifications of Power
Protection -- UPS and Power Supply under contract number
4-05-61-0008A. This listing will allow state agencies to purchase
the GenCore backup fuel cell systems directly from the California
Multiple Awards Schedule under a pre-negotiated contract. "Plug
Power is the first fuel cell company to be listed on the State of
California Multiple Awards Schedule," said Mark Sperry, Plug
Power's Chief Marketing Officer. "This contract streamlines the
purchasing process within the state, which should aid in
accelerating the deployment of our GenCore products into critical
state-operated infrastructure sites requiring backup power." This
California Multiple Awards Schedule complements Plug Power's recent
contractual agreements in Florida, Texas and New York, as well as
with the U.S. General Services Administration, making GenCore
available for purchase by federal and state agencies,
municipalities and not-for-profits. About GenCore(R) The GenCore(R)
product line includes backup power products for the
telecommunication, cable broadband, uninterruptible power supply
and electric utility markets. The hydrogen-fueled GenCore
5-kilowatt backup fuel cell system is available in seven
configurations to serve the broad needs of these applications.
About Plug Power Plug Power Inc. is an established leader in the
deployment of clean, reliable, on-site energy products. More than
550 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 of Plug Power Inc., +1-518-782-7700 ext.
1973, Mobile: +1-518-527-1172, Web site: http://www.plugpower.com/
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