Hydrogenics Corporation

Hydrogenics Corporation

August 31, 2009 06:00 ET

Hydrogenics Announces $5 Million of Electrolyzer Orders in Saudi Arabia and Algeria

MISSISSAUGA, ONTARIO--(Marketwire - Aug. 31, 2009) - Hydrogenics Corporation (TSX:HYG)(NASDAQ:HYGS), a leading developer and manufacturer of hydrogen generation and fuel cell products, today announced that it has received orders for electrolyzers worth, in aggregate, approximately $5 million from Groupe Cevital of Algeria and the Obeikan Investment Group of Saudi Arabia. These Hydrogenics HySTAT units, expected to be delivered in late 2009 and early 2010, will be used to produce high-quality hydrogen for vegetable oil processing and glass production.

"These awards, including a 2MW plant, once again demonstrate Hydrogenics' global leadership position in electrolyzers and our growing presence across Africa and the Middle East," said Daryl Wilson, President and CEO. "We are grateful to be providing this critical equipment to such well-known, respected organizations as Obeikan and Cevital. Our reliable, high quality electrolyzers have been chosen because of their reputation the world over, and, as the economy stabilizes, we expect to see additional orders in the months and quarters to come."

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 and Europe.

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.

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