Company Combines Exhibit, Presentation and Facility Tour for Material Handling Audience
LATHAM, NY – April 28, 2014 – Plug Power Inc. (NASDAQ: PLUG), a leader in providing clean, reliable energy products, will be showcasing its comprehensive GenKey hydrogen fuel cell solution during the 2014 WERC (Warehousing Education and Research Council) tradeshow and conference being held April 28-30 at the Chicago Hyatt Regency.
Plug Power’s GenKey solution is comprised of three separate elements: GenDrive fuel cell units, GenFuel hydrogen fuel and infrastructure, and GenCare maintenance service. Plug Power provides full integration and deployment of the entire GenKey package for customers to ensure seamless transition to hydrogen fuel cell-based power for their material handling operations.
At WERC, Plug Power’s Vice President of Sales and Hydrogen, Erik Hansen, will speak in the supplier presentation theatre on April 29 from 1:00-1:30 pm CT. Mr. Hansen’s presentation topic is “The Commercialization of Hydrogen Fuel Cell Solutions: Proven, Reliable, Economical.”
Finally, Plug Power will be hosting a tour at the nearby Central Grocers distribution center where invited guests will see a fleet of 250 GenDrive-powered lift trucks in operation. Central Grocers has been operating GenDrive units as the sole power source for its lift truck fleet since 2009, when its new state-of-the-art facility in Joliet, IL first opened.
The GenKey promotion at WERC puts into context how the solution’s elements complement one another to enhance the material handling customer’s experience with Plug Power’s hydrogen fuel cell offering. GenKey takes complexity out of the equation for the customer by delivering a complete range of services to dramatically simplify the entire process. Plug Power customers like Kroger and Walmart are among those already taking advantage of the significant benefits offered through GenKey adoption.
WERC is the leading conference for logistics management professionals, providing attendees a way to learn about new products and services through meetings with industry suppliers.The Plug Power team will be available in Booth 213 throughout the show to provide information on GenKey. To schedule a meeting, contact Plug Power at email@example.com.
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.
Plug Power Inc. SafeHarbor Statement
This communication contains “forward-lookings tatements” within the meaning of the Private Securities Litigation Reform Actof 1995 that involve significant risks and uncertainties about Plug Power Inc.(“PLUG”), including but not limited to statements about PLUG’s forecast offinancial performance, products and services, business model, strategy andgrowth opportunities, and competitive position. You are cautioned that suchstatements should not be read as a guarantee of future performance or results,and will not necessarily be accurate indications of the times at, or by which,such performance or results will have been achieved. Such statements aresubject to risks and uncertainties that could cause actual performance orresults to differ materially from those expressed in these statements. Inparticular, the risks and uncertainties include, among other things, the riskthat we continue to incur losses and might never achieve or maintainprofitability; the risk that we will need to raise additional capital to fundour operations and such capital may not be available to us; our lack ofextensive experience in manufacturing and marketing products may impact ourability to manufacture and market products on a profitable and large-scalecommercial basis; the risk that unit orders will not ship, be installed and/orconverted to revenue, in whole or in part; the risk that pending orders may notconvert to purchase orders, in whole or in part; the risk that a loss of one ormore of our major customers could result in a material adverse effect on ourfinancial condition; the risk that a sale of a significant number of shares ofstock could depress the market price of our common stock; the risk thatnegative publicity related to our business or stock could result in a negativeimpact on our stock value and profitability; the risk of potential lossesrelated to any product liability claims and contract disputes; the risk of lossrelated to an inability to maintain an effective system of internal controls orkey personnel; risks related to use of flammable fuels in our products; thecost and timing of developing, marketing and selling our products and ourability to raise the necessary capital to fund such costs; the ability toachieve the forecasted gross margin on the sale of our products; the risk thatour actual net cash used for operating expenses may exceed the projected netcash for operating expenses; the cost and availability of fuel and fuelinginfrastructures for our products; market acceptance of our products, includingGenDrive systems; the volatility of our stock price; our ability to establishand maintain relationships with third parties with respect to productdevelopment, manufacturing, distribution and servicing and the supply of keyproduct components; the cost and availability of components and parts for ourproducts; our ability to develop commercially viable products; our ability toreduce product and manufacturing costs; our ability to successfully expand ourproduct lines; our ability to successfully expand internationally; our abilityto improve system reliability for our GenDrive systems; competitive factors,such as price competition and competition from other traditional andalternative energy companies; our ability to protect our intellectual property;the cost of complying with current and future federal, state and internationalgovernmental regulations; risks associated with potential future acquisitions;and other risks and uncertainties referenced in our public filings with theSecurities and Exchange Commission. Foradditional disclosure regarding these and other risks faced by PLUG, seedisclosures contained in PLUG's public filings with the Securities and ExchangeCommission (the “SEC”) including, the “Risk Factors” section of PLUG’s AnnualReport on Form 10-K for the year ended December 31, 2014. You should considerthese factors in evaluating the forward-looking statements included in thispresentation and not place undue reliance on such statements. Theforward-looking statements are made as of the date hereof, and PLUG undertakesno obligation to update such statements as a result of new information.