BMW Deploys 86 GenDrive Fuel Cells From Plug Power
12 Ottobre 2010 - 1:00PM
Plug Power Inc. (Nasdaq:PLUG), a leader in providing clean,
reliable energy solutions, today announced it is deploying a fleet
of 86 GenDrive™ fuel cell units with customer, BMW Manufacturing
Co., LLC. The power units will be used at BMW's newly constructed
Greer, South Carolina automotive manufacturing plant in class-1
sit-down counterbalance, class-2 reach and class-3 rider pallet
trucks. The lift trucks are manufactured by The Raymond Corporation
and Crown Equipment Corporation.
Plug Power's GenDrive units competed against lead-acid batteries
and fast charge batteries to be deemed the best power source for
BMW's material handling fleet. GenDrive is able to offer BMW
increased productivity of its lift truck fleet as well as a more
efficient use of its facility space. Operational costs are reduced
as a result of decreased operator and vehicle downtime. GenDrive
fuel cells can be fueled by truck drivers in 60 to 180 seconds. On
average, it takes specialized maintenance personnel 20 minutes to
change out a depleted lead-acid battery.
BMW will also see reduced greenhouse gas emissions by using
GenDrive power units in its operations. Because GenDrive is powered
by hydrogen, the only byproducts are heat and water. The removal of
toxic lead-acid batteries from this new facility also creates a
safer environment for employees as well as the community and helps
fulfill BMW's commitment to a hydrogen based economy.
BMW Manufacturing's new 1.2 million sq. ft. assembly plant is
being built north of its already-operational production facility.
"With proven benefits to BMW's business and an existing hydrogen
infrastructure in place, there is a high potential to convert the
entire campus to GenDrive-powered material handling vehicles over
the next three years," said Andy Marsh, Plug Power's CEO.
"BMW is pleased to work with partners that share our commitment
to clean production. The implementation of a hydrogen fuel cell
based application for our material handling equipment helps
solidify BMW's position as the leading, sustainable automotive
manufacturer," stated Robert Hitt, Department Manager of Public
Affairs for BMW Manufacturing.
Linde North America, a member of The Linde Group, one of the
world's largest hydrogen energy producers, is supplying the indoor
hydrogen fueling system to power the trucks.
Mike Beckman, vice president of Linde's alternative energy team,
said, "Linde's partnership with Plug Power allows us to use our
expertise in alternative energy technology and supply systems to
deliver safe, clean and efficient hydrogen fueling to BMW and other
manufacturing and warehouse customers."
About Plug Power Inc.
The architects of modern fuel cell technology, Plug Power
revolutionized the industry with cost-effective power solutions
that increase productivity, lower operating costs and reduce carbon
footprints. Long-standing relationships with industry leaders
forged the path for our key accounts, including Wegmans, Whole
Foods, and FedEx Freight. With more than 1,000 units in the
field and over 1.5 million hours of runtime, Plug Power
manufactures tomorrow's incumbent power solutions today. Visit us
at www.plugpower.com.
The Plug Power Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=4446
Plug Power Inc. Safe Harbor
Statement
This communication contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995, including but not limited to expectations regarding revenues
and product orders for 2010. These statements are based on current
expectations that are subject to certain assumptions, risks and
uncertainties, any of which are difficult to predict, are beyond
our control and that may cause our actual results to differ
materially from the expectations in our forward-looking statements
including statements regarding the risk that unit orders will not
ship, be installed and/or convert to revenue, in whole or in part;
the cost and timing of developing our products and our ability to
raise the necessary capital to fund such development costs; the
ability to achieve the forecasted gross margin on the sale of our
products; the actual net cash used for operating expenses may
exceed the projected net cash for operating expenses; the cost and
availability of fuel and fueling infrastructures for our products;
market acceptance of our GenDrive system; our ability to establish
and maintain relationships with third parties with respect to
product development, manufacturing, distribution and servicing and
the supply of key product components; the cost and availability of
components and parts for our products; our ability to develop
commercially viable products; our ability to reduce product and
manufacturing costs; our ability to successfully expand our product
lines; our ability to improve system reliability for GenDrive;
competitive factors, such as price competition and competition from
other traditional and alternative energy companies; our ability to
manufacture products on a large-scale commercial basis; our ability
to protect our intellectual property; the cost of complying with
current and future governmental regulations; and other risks and
uncertainties discussed under "Item IA-Risk Factors" in our annual
report on Form 10-K for the fiscal year ended December 31, 2009,
filed with the Securities and Exchange Commission ("SEC") on March
16, 2010, and the reports we file from time to time with the
SEC. Plug Power does not intend to, and undertakes no duty to
update any forward-looking statements as a result of new
information or future events.
CONTACT: Plug Power Inc.
Media Contact:
Reid Hislop
(518) 782-7700 ext. 1360
Investor Relations Contact:
Cathy Yudzevich
(518) 782-7700 ext. 1448
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