Plug Power Continuous Run GenSys(R) Systems to Be Commissioned at NASA Glenn Research Center
23 Ottobre 2006 - 7:35PM
PR Newswire (US)
Field trial to demonstrate product performance and durability
LATHAM, N.Y., Oct. 23 /PRNewswire-FirstCall/ -- Plug Power Inc.
(NASDAQ:PLUG), a leader in providing clean, reliable on-site energy
products, today announced that the NASA Glenn Research Center in
Cleveland, Ohio will commission eight next generation GenSys(R)
systems. The units, which are expected to become operational in
November, will provide grid-connected power for portions of the lab
facility for aerospace research and development. Projects carried
out within the facility include testing of materials, coatings,
seals and airfoils for space vehicles, as well as advanced
technology development to improve aviation safety. NASA has been
developing and using fuel cells as part of its space shuttle
programs since the 1960s. Through the one-year field trial,
officials at NASA Glenn plan to demonstrate to the public an
emerging technology associated with clean power. "Working with NASA
Glenn represents an excellent opportunity to demonstrate the
performance and durability of our next generation GenSys systems.
We continue to believe that field testing is the only way to truly
understand customer requirements and characterize product
performance," said Mark Sperry, Plug Power's Chief Marketing
Officer. The installation will provide the opportunity to
demonstrate Plug Power's latest product improvements, including an
enhanced stack membrane and new fuel processor reactor design. This
project is being funded by the Ohio Department of Development's
Third Frontier Fuel Cell Program, which provides grants to support
the growth of Ohio's fuel cell industry through collaborations
between research organizations, businesses and higher education
institutions. About Plug Power Plug Power Inc. is an established
leader in the deployment of clean, reliable, on-site energy
products. More than 650 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 to join Plug Power's energy
revolution as an investor, customer, supplier or strategic partner,
please visit http://www.plugpower.com/. This press release contains
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. We believe that it is
important to communicate our future expectations to our investors.
However, there may be events in the future that we are not able to
accurately predict or control and that may cause our actual results
to differ materially from the expectations we describe in our
forward-looking statements, including, without limitation, the risk
that possible strategic benefits of the Smart Hydrogen transaction
do not materialize, 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 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; 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 and other risks and uncertainties discussed under
"Item IA-Risk Factors" in Plug Power's annual report on Form 10-K
for the fiscal year ended December 31, 2005, filed with the
Securities and Exchange Commission ("SEC") on March 14, 2006, and
the reports Plug Power files from time to time with the SEC. 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,
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