Plug Power GenKey Hydrogen and Fuel Cell Solution Earns a Spot on Food Logistics 2015 FL100+ List for Second Year
17 Dicembre 2015 - 1:00PM
Plug Power Inc. (NASDAQ:PLUG), a leader in providing clean,
reliable energy products, announced that it has been named to the
2015 Food Logistics FL100+ list. Food Logistics is the only
publication dedicated exclusively to the global food and beverage
supply chain. The publication’s twelfth annual FL100+ list profiles
innovative technology and software providers who influence the
global food and beverage supply chains.
Plug Power’s notable solution, GenKey, is
revolutionizing the hydrogen and fuel cell market for material
handling applications. GenKey helps food and beverage companies
smoothly transition their material handling vehicles over to
hydrogen fuel, with Plug Power serving as the single-source vendor
providing:
- GenDrive fuel cell units
- GenFuel hydrogen and fueling
infrastructure
- GenCare service and aftermarket support
GenKey was launched in January 2014, and has
seen tremendous continued adoption in 2015 with new food and
beverage customers including Dietz and Watson and FreezPak, and
repeat orders from customers including Newark Farmers Market and
Kroger.
Plug Power can attribute the expansion of its
serviceable market to improvements made within the GenFuel product
suite. Previously, Plug Power customers typically saw positive
economic value with large-scale lift truck fleets, upwards of 50
trucks. Additionally, Plug Power’s innovative GenCare service now
allows for remote monitoring of GenDrive and GenFuel systems,
enabling real time data processing. As a result, Plug Power
customer lift truck fleet performance continues to improve, now
averaging out at 98% uptime.
Now, due to technology improvements and
streamlined supply chain management within the GenDrive, GenFuel
and GenCare product lines, Plug Power customers with as few as 20
lift and reach trucks are able to achieve positive payback.
”Plug Power has only seen continued growth in
2015 as the productivity benefits and cost-effectiveness of our
solutions are proven in North America and Europe,” said Andy Marsh,
CEO at Plug Power. “Plug Power is honored to be recognized for
inclusion on the FL100+ list again in 2015, and we congratulate
others that have been named as well.”
“Developments in the software and technology sector are
generating new opportunities for growers, food manufacturers,
grocery retailers and the many logistics providers that support
them,” notes Lara L. Sowinski, editor-in-chief at Food Logistics.
“Moreover, cloud-based solutions and mobile connectivity are
helping create tools that are more flexible, affordable and
responsive, making software and technology even more valuable to
those in the global food supply chain.”
Plug Power joins other companies who earned a
spot on the FL100+ list, which is featured in the November/December
2015 issue of Food Logistics, and is online at
www.foodlogistics.com.
About Plug Power Inc.The
powerhouse in hydrogen fuel cell technology, Plug Power is
revolutionizing the industry with cost-effective solutions that
increase productivity, lower operating costs and reduce carbon
footprint. Its signature solution, GenKey, provides an
all-inclusive package for customers, incorporating GenFuel hydrogen
and fueling infrastructure, GenCare aftermarket service and either
GenDrive or ReliOn fuel cell systems. GenDrive, a lead-acid battery
replacement, is used in electric lift trucks in high-throughput
material handling applications. With more than 9,000 GenDrive units
deployed with material handling customers, GenDrive has been proven
reliable with over 107 million hours of runtime. Plug Power
manufactures tomorrow’s incumbent power solutions today, so
customers can POWERAhead. Additional information about the Plug
Power brands is available at www.plugpower.com.
About Food LogisticsFood
Logistics is published by AC Business Media Inc., a
business-to-business media company that provides targeted content
and comprehensive, integrated advertising and promotion
opportunities for some of the world’s most recognized B2B brands.
Its diverse portfolio serves the construction, logistics and supply
chain and other industries with print, digital and custom products,
Webinars, events and social media.
Plug Power Inc. Safe Harbor
Statement This communication contains “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995 that involve significant risks and uncertainties
about Plug Power Inc. (“PLUG”), including but not limited to
statements about PLUG’s forecast of financial performance, order
bookings, business model, strategy and growth opportunities. You
are cautioned that such statements should not be read as a
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necessarily be accurate indications of the times at, or by which,
such performance or results will have been achieved. Such
statements are subject to risks and uncertainties that could cause
actual performance or results to differ materially from those
expressed in these statements. In particular, the risks and
uncertainties include, among other things, the risk that we
continue to incur losses and might never achieve or maintain
profitability; the risk that we will need to raise additional
capital to fund our operations and such capital may not be
available to us; the risk that our lack of extensive experience in
manufacturing and marketing products may impact our ability to
manufacture and market products on a profitable and large-scale
commercial basis; the risk that unit orders will not ship, be
installed and/or converted to revenue, in whole or in part; the
risk that pending orders may not convert to purchase orders, in
whole or in part; the risk that a loss of one or more of our major
customers could result in a material adverse effect on our
financial condition; the risk that a sale of a significant number
of shares of stock could depress the market price of our common
stock; the risk that negative publicity related to our business or
stock could result in a negative impact on our stock value and
profitability; the risk of potential losses related to any product
liability claims or contract disputes; the risk of loss related to
an inability to maintain an effective system of internal controls
or key personnel; the risks related to use of flammable fuels in
our products; the cost and timing of developing, marketing and
selling our products and our ability to raise the necessary capital
to fund such costs; the ability to achieve the forecasted gross
margin on the sale of our products; the risk that our 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
products, including GenDrive, ReliOn and GenKey systems; the
volatility of our stock price; 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 successfully expand internationally; our
ability to improve system reliability for our GenDrive, ReliOn and
GenKey systems; competitive factors, such as price competition and
competition from other traditional and alternative energy
companies; our ability to protect our intellectual property; the
cost of complying with current and future federal, state and
international governmental regulations; risks associated with
potential future acquisitions; and other risks and uncertainties
referenced in our public filings with the Securities and Exchange
Commission. For additional disclosure regarding these and other
risks faced by PLUG, see disclosures contained in PLUG's public
filings with the Securities and Exchange Commission (the “SEC”)
including, the “Risk Factors” section of PLUG’s Annual Report on
Form 10-K for the year ended December 31, 2014. You should consider
these factors in evaluating the forward-looking statements included
in this presentation and not place undue reliance on such
statements. The forward-looking statements are made as of the date
hereof, and PLUG undertakes no obligation to update such statements
as a result of new information.
Plug Power Media Contact
Teal Vivacqua
518.738.0269
media@plugpower.com
Media Contact:
Lara L. Sowinski
Editor-in-Chief
(800) 538-5544 x. 1308
lsowinski@acbusinessmedia.com
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