Plug Power to Exhibit and Host Press Conference at MODEX 2016
04 Aprile 2016 - 1:00PM
Plug Power Inc. (NASDAQ:PLUG), a leader in providing clean,
reliable energy solutions, today announced it will exhibit and host
a press conference at MODEX 2016, happening now through April 7,
2016 at the Georgia World Congress Center in Atlanta.
The company recently debuted its new “Infinite
Drive” branding, which includes a new logo, color scheme, website
and the rebranding of its GenSure stationary fuel cell products
(formerly ReliOn); all to communicate its leadership, ingenuity and
innovative spirit. The rebranding effort was initiated to better
align Plug Power with its leadership status providing hydrogen and
fuel cell solutions to the material handling industry. At the heart
of everything Plug Power has accomplished is the “Infinite Drive”
to revolutionize the future of the hydrogen fuel cell industry and
build a company that will change the way the material handling
industry moves.
The press conference will take place Tuesday, April 5 at 10:15
a.m. local time at the Plug Power booth #1023. Plug Power
CEO, Andy Marsh, will speak about the company’s new brand and its
leadership in hydrogen solutions for the material handling
industry. At the press conference, Andy will take questions from
the audience.
Also at the press conference, Plug Power will
debut a new class-3 pallet jack GenDrive 3340 fuel cell, which
represents the fourth generation of the power-product and is built
to even further increase performance of the fuel cell system. The
intelligent fuel cell is able to share its operational health
information with Plug Power so that the company can provide
preventative and rapid-response onsite service to minimize downtime
and maximize efficiency at customer sites.
Throughout the show, attendees will be able to see the new
GenDrive 3340 fuel cell and they will be able to simulate a
refueling from a GenFuel hydrogen dispenser.
"For years, Plug Power has fulfilled on its
promise to customers that our hydrogen and fuel cell solutions will
help them make one of their most crucial business operations more
efficient, more reliable, more economical, and more sustainable,"
said Andy Marsh, CEO at Plug Power. "Our new brand shows our
infinite drive towards sustainability and innovation within the
material handling industry. We’re excited to showcase our story to
press conference and booth attendees at MODEX.”
MODEX 2016 will provide attendees access to the
latest manufacturing and supply chain equipment and technologies.
Over 800 exhibitors from industry, commerce and government will
display their supply chain solutions and innovations on the 250,000
square foot show floor.
For more information on Plug Power and its
solutions, visit http://www.plugpower.com/.
About Plug Power
Inc.
The architects of modern hydrogen and fuel cell technology, Plug
Power has revolutionized the industry with its simple GenKey
solution, elements which are designed to increase productivity,
lower operating costs and reduce carbon footprints in a reliable,
cost-effective way. Plug Power’s GenKey solution couples together
all the necessary elements to power, fuel and service a customer.
Plug Power is the partner that customers trust to take their
businesses into the future. For more information about Plug Power,
visit www.plugpower.com.
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
2016 objectives, including goals relating to revenue, sales,
booking, gross margin and GenKey and GenFuel installations You are
cautioned that such statements should not be read as a guarantee of
future performance or results, and will not 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,
2015. 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.
Media Contact
Teal Vivacqua
518.738.0269
media@plugpower.com
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