Tyco Electronics Installation Services Signs Service Agreement for Plug Power's GenCore Fuel Cell System
22 Giugno 2004 - 2:38PM
PR Newswire (US)
Tyco Electronics Installation Services Signs Service Agreement for
Plug Power's GenCore Fuel Cell System LATHAM, N.Y., June 22
/PRNewswire-FirstCall/ -- Plug Power Inc. (NASDAQ:PLUG) announced
today that the Company has signed an agreement with Tyco
Electronics Installation Services Inc., under which Tyco will
install and service Plug Power's GenCore(R) fuel cell systems
throughout the United States and its territories. (Logo:
http://www.newscom.com/cgi-bin/prnh/20021024/PLUGLOGO ) "We are
excited to be working with Plug Power, a leading-edge provider of
new technologies targeted at the telecommunications industry," said
Terrence Cummings, Vice President and General Manager, Tyco
Electronic Installation Services. "This relationship will enhance
the growth opportunities available to us in providing installation,
engineering and maintenance services to the backup power market."
Tyco Electronics Installation Services has a nationwide footprint
covered by more than 300 qualified technicians who will be
available to install and service the GenCore product line. Plug
Power has already trained a number of Tyco technicians to operate,
install and maintain Plug Power GenCore systems. Tyco is
incorporating GenCore-specific training into the basic curriculum
available to its service force. "This is great news for our current
and future customers," said Mark Sperry, Chief Marketing Officer,
Plug Power. "We now have a well known and respected service
organization standing behind our GenCore product. Our customers can
have our systems installed and serviced by our new partner, Tyco
Electronic Installations Services, anywhere in the United States."
Plug Power and Tyco are both exhibiting the GenCore product at
SuperComm, the world's largest annual all-inclusive exhibition and
conference for communication service providers and private network
managers, this week at McCormick Place in Chicago, IL. Plug Power's
booth is #25539, Tyco's booth number is #25235. For more
information on the show go to http://www.supercomm2004.com/ About
Tyco Electronics Installation Services Inc. Tyco Electronics
Installation Services Inc., a subsidiary of Tyco Electronics, is a
leading provider of services in the communications market. Tyco
Electronics Installation Services Inc. offers DC power installation
and maintenance support services to its customers through a
nationwide workforce of approximately 300 technicians. About Plug
Power Plug Power Inc. designs and develops on-site energy systems
based on proton exchange membrane fuel cells. Plug Power's
strategic partners include GE Fuel Cell Systems, DTE Energy
Technologies, Vaillant GmbH, Honda R&D Co., Ltd., Engelhard
Corporation and Celanese Ventures. The Company's headquarters are
located in Latham, N.Y., with offices in Washington, D.C., and The
Netherlands. This press release may contain statements, which are
not historical facts and are considered forward-looking within the
meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements contain projections of Plug
Power's future results of operations, Plug Power's product
development expectations or of Plug Power's financial position or
state other forward-looking information. In some cases you can
identify these statements by forward-looking words such as
"anticipate," "believe," "could," "estimate," "expect," "intend,"
"may," "should," "will" and "would" or similar words. You should
not rely on forward-looking statements because Plug Power's actual
results may differ materially from those indicated by these
forward- looking statements as a result of a number of important
factors. These factors include, but are not limited to, Plug
Power's ability to develop commercially viable on-site energy
products; the cost and timing of developing Plug Power's on-site
energy products; market acceptance of Plug Power's on-site energy
products; Plug Power's reliance on its relationship with certain
affiliates of General Electric (GEFCS); Plug Power's ability to
perform on its multi- generation product plan in a manner
satisfactory to GEFCS; Plug Power's ability to manufacture on-site
energy products on a large-scale commercial basis; competitive
factors, such as price competition and competition from other
traditional and alternative energy companies; the cost and
availability of components and parts for Plug Power's on-site
energy products; the ability to raise and provide the necessary
capital to develop, manufacture and market Plug Power's on-site
energy products; Plug Power's ability to establish relationships
with third parties with respect to product development,
manufacturing, distribution and servicing and the supply of key
product components; Plug Power's ability to protect its
intellectual property; Plug Power's ability to lower the cost of
its on-site energy products and demonstrate their reliability; the
cost of complying with current and future governmental regulations;
the impact of deregulation and restructuring of the electric
utility industry on demand for Plug Power's on-site energy
products; fluctuations in the trading price and volume of Plug
Power's common stock and other risks and uncertainties discussed
under the heading "Factors Affecting Future Results" in Plug
Power's annual report on Form 10-K for the fiscal year ended
December 31, 2003, dated March 11, 2004 and filed with the
Securities Exchange Commission on March 11, 2004, and the reports
Plug Power files from time to time with the Securities and Exchange
Commission. Plug Power does not intend to and undertakes no duty to
update the information contained in this press release.
http://www.newscom.com/cgi-bin/prnh/20021024/PLUGLOGODATASOURCE:
Plug Power Inc. CONTACT: Cynthia Mahoney White, Manager, Public
Relations & Marketing, +1-518-782-7700, ext. 1973 Web site:
http://www.supercomm2004.com/
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