Plug Power Named to Food Logistics’ Top Green Providers List for 2018
18 Giugno 2018 - 1:00PM
Plug Power Inc. (NASDAQ:PLUG), a leader in providing energy
solutions that change the way the world moves, has been named to
the Top Green Providers list for 2018 by Food Logistics, the only
publication exclusively dedicated to covering the movement of
product through the global food supply chain.
Food Logistics’ annual Top Green Providers recognizes companies
whose products, services, or exemplary leadership is enhancing
sustainability within the food and beverage industry. Each year,
the criteria for earning a spot on the list become more stringent
for applicants. For example, the editorial staff evaluates a
company’s participation in such programs as the EPA’s SmartWay and
other recognized sustainability programs; facilities that are
LEED-certified, and/or feature solar panels, LED lighting, and
other energy saving installations and retrofits that produce
measurable reductions in GHG emissions, to name a few.
With 2018 marking its second year on the Top Green Providers
list, Plug Power has established a long-standing commitment to
offering material handing fleet customers a sustainable solutions
to power their material handling equipment. Food and beverage
companies like Walmart, Kroger, and Carrefour in Europe have
made the decision to utilize hydrogen fuel cells to power their
forklift truck fleets, dramatically improving their carbon
footprint.
“The agricultural sector and food supply chains at large have
long recognized the importance of environmental stewardship for
long-term sustainability in both business and for future food
production globally,” notes Lara L. Sowinski, Editorial Director,
Food Logistics. “Food Logistics remains committed to promoting
those in our industry who understand their leadership role in
sustainability and work to raise the bar with new products,
services and strategies each year.”
“Thanks to our customers’ widespread adoption of hydrogen fuel
cells, we’ve been able to prove the positive influence sustainable
energy has on performance, revenue, and profitability for business
growth,” said Andy Marsh, CEO of Plug Power. “We’re honored to be
named to the Top Green Providers list for the second year in a row
as we continue to work to make a significant difference in ensuring
our customers are successful in moving their products around
distribution facilities and around the world in the cleanest way
possible.”
About Food LogisticsFood Logistics is published
by AC Business Media, 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, supply chain and other industries with print, digital
and custom products, events and social media.
About Plug Power Inc. The architect of modern
hydrogen and fuel cell technology, Plug Power is the innovator that
has taken hydrogen and fuel cell technology from concept to
commercialization. Plug Power has revolutionized the material
handling industry with its full-service GenKey solution, which is
designed to increase productivity, lower operating costs and reduce
carbon footprints in a reliable, cost-effective way. The Company’s
GenKey solution couples together all the necessary elements to
power, fuel and serve a customer. With proven hydrogen and fuel
cell products, Plug Power replaces lead acid batteries to power
electric industrial vehicles, such as the lift trucks customers use
in their distribution centers.
Extending its reach into the on-road electric vehicle market,
Plug Power’s ProGen platform of modular fuel cell engines empowers
OEMs and system integrators to rapidly adopt hydrogen fuel cell
technology. ProGen engines are proven today, with thousands in
service, supporting some of the most rugged operations in the
world. Plug Power is the partner that customers trust to take their
businesses into the future. Learn more at www.plugpower.com.
Plug Power 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
expectations regarding growth in Europe, revenue, growth with
GenKey customers and its project financing platform. 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 that, 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, GenSure 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, GenSure 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 (the “SEC”). For additional
disclosure regarding these and other risks faced by PLUG, see
disclosures contained in PLUG's public filings with the SEC
including, the "Risk Factors" section of PLUG's Annual Report on
Form 10-K for the year ended December 31, 2017. 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.
SOURCE: PLUG POWER
Media Contact Kate GundryPluck
617.797.5174plugpower@pluckpr.com
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