Plug Power Engages Interim Chief Financial Officer
28 Febbraio 2007 - 9:03PM
PR Newswire (US)
LATHAM, N.Y., Feb. 28 /PRNewswire-FirstCall/ -- Plug Power Inc.
(NASDAQ:PLUG), a leader in providing clean, reliable on-site energy
products, today announced that the Company has engaged David Waldek
to serve as interim Chief Financial Officer (CFO) following the
recent resignation of its former CFO. "We've executed a rapid, yet
carefully considered, response to an unexpected opening in our
executive-level management team," said Dr. Roger Saillant, Plug
Power's President and Chief Executive Officer. "We believe that
Dave's extensive financial experience with both public and private
companies, including Albany Molecular Research, should provide
seamless continuity for our financial operations while we are
searching for a new CFO. Dave will assist as well in profiling the
best candidate for us in terms of skill sets, experience, strength
of character and teamwork." Mr. Waldek has 20 years of financial
experience in the service and manufacturing industries. Most
recently, he co-founded CFO Advisory Group to provide strategic
financial and business advisory services for high-growth companies.
Prior to that, he served for six years as CFO for Albany Molecular
Research, Inc., an international drug discovery and development
company. While at AMRI, Waldek helped grow the company's annual
revenue from $33 million to nearly $200 million, managed a $120
million public offering and helped coordinate five 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/. Safe
Harbor Statement 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: Media Contact - Cynthia Mahoney White of Plug Power Inc.,
Phone +1-518-782-7700 ext. 1973, Mobile +1-518-527-1172, ; or
Investor Contact - Deborah K. Pawlowski of Kei Advisors, Phone
+1-716-843-3908, Mobile +1-716-310-3949, Web site:
http://www.plugpower.com/
Copyright
Grafico Azioni Plug Power (NASDAQ:PLUG)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Plug Power (NASDAQ:PLUG)
Storico
Da Lug 2023 a Lug 2024