PLUG Plug Power Inc

New Executives Strengthen Company's Existing Management Team LATHAM, N.Y., Dec. 13 /PRNewswire-FirstCall/ -- Plug Power Inc. (NASDAQ:PLUG), a leader in providing clean, reliable on-site energy products, recently appointed several key management positions, including Jean Nelson as Chief Financial Officer, Allan Greenberg as Vice President of Sales, Thomas Hutchison as Vice President of Engineering and Joseph Millington as Vice President of Human Resources. "Smart Hydrogen's recent investment has given Plug Power the financial flexibility to evaluate a number of alternatives in terms of market engagement, strategic partnership and technical development," said Roger Saillant, Plug Power's CEO. "This position of financial strength also facilitates the addition of seasoned executives from around the country to supplement the existing management team in its ongoing pursuit of Company objectives." Nelson has 25 years' experience in finance with expertise in operational financial management, investor relations and transaction work. Nelson's experience includes senior financial positions ranging from Fortune 100 companies to mid-size technology firms. Her contribution at numerous companies has included successful financial leadership during challenging, transformational periods. Nelson has joined Plug Power from Virbac Corporation, where she was Executive Vice President and Chief Financial Officer. Prior to joining Plug Power, Greenberg has more than 20 years of global sales, marketing and business development experience, most recently specializing in start-ups and turnaround companies. He also has considerable experience guiding sales, marketing and business development operations for established mission critical solution providers such as Compaq and Nortel. Hutchison spent nearly 30 years working for Ford Motor Company in a number of leadership and engineering positions, including Director of European Operations and Chief Engineer, among others. Plug Power expects that his global experience and specialization in leveraging collaborative opportunities to increase productivity will significantly contribute to the Company's engineering operations and overall corporate culture. Millington has more than 20 years' experience in human resources and organizational development, including more than 10 years working in global assignments with Hewlett-Packard, Quantum Corporation and Acterna. While working for Hewlett-Packard, Millington created a comprehensive corporate change management methodology. He also has extensive experience with organizational integration related to several mergers and acquisitions. About Plug Power Plug Power Inc. (NASDAQ:PLUG), an established leader in the development and deployment of clean, reliable, on-site energy products, currently integrates fuel cell technology into backup power products for telecommunications, utility and uninterruptible power supply applications. The Company is actively engaged with private and public customers in targeted markets, including the United States, Europe, Middle East, Russia, South Africa and South America. 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 of Plug Power Inc., +1-518-782-7700 ext. 1973, Mobile: +1-518-527-1172, ; and Nick Crounse of Sawchuk, Brown Associates, +1-518-462-0318 ext. 143, Web site: http://www.plugpower.com/

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