Hydrogenics Receives Orders for Seven Fuel Cell Power Modules from Airbus Deutschland and the German Aerospace Center
Market Wire, January, 2008
Hydrogenics Corporation (TSX: HYG)(NASDAQ: HYGS), a leading designer and manufacturer of hydrogen and fuel cell systems, announced today that it has received orders for a total of seven Hydrogenics 12 kW HyPM(TM) fuel cell power modules (FCPM's) from Airbus Deutschland GmbH, a subsidiary of Airbus S.A.S., an EADS company ( www.airbus.com/en/ ), one of the world's leading aircraft manufacturers and DLR Deutsches Zentrum fur Luft- und Raumfahrt e.V., the German Aerospace Center ( www.dlr.de/en ), Germany's national research centre for aeronautics and space. The fuel cell power modules (FCPM's) will undergo various tests relating to application within commercial aircraft by Airbus Deutschland and Airbus' research and development partner DLR. Hydrogenics anticipates that it will deliver all seven fuel cell modules before the end of the first quarter of 2008.
Related Results
"Fuel cell technology has played a vital role in the aerospace industry since the days of space exploration. Today we are seeing the next phase of commercialization for auxiliary power applications in commercial aircraft" said Daryl Wilson, President and Chief Executive Officer of Hydrogenics. Clean reliable auxiliary power with only water as a by-product positions Hydrogenics fuel cell technology for several onboard applications. In these applications even the water can be recovered and used on the aircraft.
About Hydrogenics
Hydrogenics Corporation ( www.hydrogenics.com ) is a globally recognized developer and provider of hydrogen generation and fuel cell products and services, serving the growing industrial and clean energy markets of today and tomorrow. Based in Mississauga, Ontario, Canada, Hydrogenics has operations in North America, Europe and Asia.
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
This release contains forward-looking statements within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Law of 1995. These statements are based on management's current expectations and actual results may differ from these forward-looking statements due to numerous factors, including changes in the competitive environment adversely affecting the products, markets, revenues or margins of Hydrogenics' business. Readers should not place undue reliance on Hydrogenics' forward-looking statements. Investors are encouraged to review the section captioned "Risk Factors" in Hydrogenics' regulatory filings with the Canadian securities regulatory authorities and the United States Securities and Exchange Commission for a more complete discussion of factors that could affect Hydrogenics' future performance. Furthermore, the forward-looking statements contained herein are made as of the date of this release, and Hydrogenics undertakes no obligations to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release. The forward-looking statements contained in this release are expressly qualified by this.
Contacts: Investor Contact: Hydrogenics Corporation Lawrence Davis, Chief Financial Officer (905) 361-3633 Email: investors@hydrogenics.com Website: www.hydrogenics.com
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