Re-Up Order Replaces Earlier Model GenDrive Fleet in Operation Since 2009 With Next-Generation Fuel Cells
LATHAM, NY – May 9, 2014 – Plug Power Inc. (NASDAQ: PLUG), a leader in providing clean, reliable energy products, today announced that Central Grocers has placed an order for 182 next-generation GenDrive fuel cell units to operate its electric lift truck fleet in Joliet, IL. In addition, Central Grocers has signed a 5-year GenCare service contract withPlug Power for the GenDrive fleet. Central Grocers has been operating GenDrive as the sole power source for its class-2 and class-3 lift truck fleet since 2009 at its Joliet, IL, facility that was built from the ground up with a hydrogen infrastructure in place. The new units will be replacing the original fleet after operating for more than two million hours. Central Grocers was the first grocery warehouse of its kind in the world, where all goods were handled with hydrogen fuel cell-powered lift trucks. The new units are expected to be operational at Central Grocers by the third quarter of 2014. “This is a success story for Plug Power, as nothing validates our solution better than a satisfied customer who orders more,” said Andy Marsh, CEO at Plug Power.“ Central Grocers was an early adopter that has been reaping the benefits of GenDrive fuel cell solutions, and will now see additional benefits through our GenCare services.” “Hydrogen fuel cells run longer and maintain consistent power as they operate and are refueled more quickly than batteries,” said Ken Nameth of Central Grocers. “Our operators are pleased with the lift trucks powered by GenDrive, and management has been impressed by the high levels of productivity within our facility.” PlugPower has a history of customers who have reinvested in the GenDrive solution. Central Grocers is added to a list that includes such customers as Walmart, BMW, Kroger, Wegmans and Bridgestone.
About Plug Power Inc.
The architects of modern fuel cell technology, Plug Power is revolutionizing the industry with cost-effective power solutions that increase productivity, lower operating costs and reduce carbon footprints. Long-standing relationships with industry leaders, including Walmart, Sysco, Procter & Gamble, and Mercedes Benz, forged the path for Plug Power’s innovative GenKey hydrogen and fuel cell system solutions. With more than 4,500 GenDrive units deployed to material handling customers, accumulating over 20 million hours of runtime, Plug Power manufactures tomorrow’s incumbent power solutions today. Additional information about Plug Power is available at www.plugpower.com.
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