Plug Power Expands GenCore Product Line
30 Novembre 2004 - 1:22PM
PR Newswire (US)
Plug Power Expands GenCore Product Line LATHAM, N.Y., Nov. 30
/PRNewswire-FirstCall/ -- Plug Power Inc. (NASDAQ:PLUG) today
introduced three new product configurations designed specifically
for the electric utility substation backup market. The
hydrogen-fueled GenCore(R) 5-kilowatt fuel cell system, designed to
provide extended run backup power, is now available with floating
ground in 48Vdc, 108Vdc and 120Vdc outputs to meet the unique
requirements of electric utility distribution and transmission
substations. The Company is accepting orders for the floating
ground systems and expects to begin shipments next month. These new
configurations complement the 24Vdc positive ground and 48Vdc
positive and negative ground GenCore(R) systems currently
available. "To date, Plug Power has shipped more than 80 GenCore(R)
systems to customers requiring backup power solutions," said Mark
Sperry, Chief Marketing Officer. "Today's announcement enables us
to now expand our presence into electric utility markets that also
require critical backup power solutions." The GenCore(R) product
line includes products for the telecommunication, cable broadband
and the uninterruptible power supply markets. GenCore(R) is on
display this week at Power-Gen International, the largest power
event in the world, in Orlando, Florida (Plug Power booth #3575).
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 Pemeas GmbH (formerly Celanese Ventures). The
Company's headquarters are located in Latham, N.Y., with offices in
Washington, D.C., and The Netherlands. For additional information
on the Company go to http://www.plugpower.com/ . 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. DATASOURCE:
Plug Power Inc. CONTACT: Cynthia Mahoney White, Manager, Public
Relations & Marketing for Plug Power Inc., +1-518-527-1172 Web
site: http://www.plugpower.com/
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