Plug Power Inc. CTO Winner of 2011 Fuel Cell Seminar and Exposition Award
01 Novembre 2011 - 7:11PM
Plug Power Inc. (Nasdaq:PLUG), a leader in providing clean,
reliable energy products, today congratulates its Chief Technology
Officer, Adrian Corless, for being recognized with an award at the
2011 Fuel Cell Seminar and Exposition (FCS&E).
The FCS&E Awards are delivered by the Technical Program
Committee annually to those who have demonstrated significant
leadership in promoting the overall advancement of fuel cell
technology. Mr. Corless has been recognized for both his research
and development accomplishments as well as his promotion of the
partnerships that advance the research and development,
commercialization and implementation of fuel cells.
Mr. Corless is currently responsible for the technology and
product development at Plug Power as well as guiding its
intellectual property portfolio. Most recently, he has led
expansion of Plug Power's GenDrive® product offering, building the
suite from two products to ten since 2008. Engineering design
strategies implemented by Mr. Corless and his team have resulted in
continued improvements in product reliability and cost, leading to
rapid growth in fuel cell sales and deployments.
Mr. Corless began his career in hydrogen fuel cell technology in
1996. When reflecting on his tenure in the industry, Mr. Corless
commented, "I've been personally and professionally invested in the
hydrogen fuel cell arena for over 15 years. I'm honored to be part
of the team that will grow Plug Power into a large, profitable,
innovative market leader of the fuel cell industry. Plug Power
products are distinguished for their performance and quality and
our development plans will continue to mirror our customer
needs."
Corless continued, "I'm thankful to the Fuel Cell Seminar and
Exposition Awards committee for honoring me as an industry leader
and hope to continue driving fuel cell innovations as these
solutions become a very real piece of a globally sustainable
future."
"Having an innovator and visionary like Adrian as part of the
Plug Power team has allowed us to take an emerging technology and
transform it into a real, economically viable business that has
commercial traction," said Andy Marsh, CEO at Plug Power Inc. "We
congratulate Adrian on his recognition in the fuel cell industry
and thank him for the dedication and perseverance he brings to our
business every day."
The Fuel Cell Seminar, founded in 1976, has grown along with the
industry in terms of the numbers of participants; the numbers of
demonstrations of fuel cells; and the state-of-the-art of the
technology. With exhibitors from Canada, Germany, Israel, Japan,
Sweden, Taiwan, the UK, and the US, the 2011 Exposition provides
attendees with a global perspective of the market.
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 Plug Power's key accounts, including Wegmans,
Whole Foods, and FedEx Freight. With more than 1,200 GenDrive
units shipped to material handling customers, accumulating over 5
million hours of runtime, Plug Power manufactures tomorrow's
incumbent power solutions today. Additional information about Plug
Power is available 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. 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 Plug Power's control and
that may cause Plug Power's actual results to differ materially
from the expectations in Plug Power's forward-looking statements
including statements regarding the risk that revenue growth can or
will be sustained, that unit orders will not ship, be installed
and/or convert to revenue, in whole or in part; the cost and timing
of developing Plug Power's products and its ability to raise the
necessary capital to fund such development costs; the risk that the
previously disclosed expected uses of the Company's recently raised
capital may change; the ability to achieve the forecasted gross
margin on the sale of Plug Power's 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 Plug Power's products; market acceptance of
Plug Power's GenDrive system; Plug Power's 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 Plug Power's products; Plug Power's
ability to develop commercially viable products; Plug Power's
ability to reduce product and manufacturing costs; Plug Power's
ability to successfully expand its product lines; Plug Power's
ability to improve system reliability for GenDrive; competitive
factors, such as price competition and competition from other
traditional and alternative energy companies; Plug Power's ability
to manufacture products on a large-scale commercial basis; Plug
Power's ability to protect its intellectual property; the cost of
complying with current and future governmental regulations; and
other risks and uncertainties discussed under "Item IA-Risk
Factors" in (i) Plug Power's annual report on Form 10-K for the
fiscal year ended December 31, 2010, filed with the Securities and
Exchange Commission ("SEC") on March 31, 2011 and (ii) in Plug
Power's quarterly report on Form 10-Q for the quarter ended March
31, 2011 filed with the SEC on May 13, 2011, as well as in the
other reports Plug Power files 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: Media Contact:
Reid Hislop
Plug Power Inc.
Phone: (518) 782-7700 ext. 1360
Investor Relations Contact:
Cathy Yudzevich
Plug Power Inc.
Phone: (518) 782-7700 ext. 1448
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