Hydrogenics Corporation

Hydrogenics Corporation

September 23, 2009 06:00 ET

Hydrogenics Announces Order for Six Electrolyzers in India

MISSISSAUGA, ONTARIO--(Marketwire - Sept. 23, 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 an order from Bhushan Power & Steel Limited for a 2 megawatt installation of HySTAT electrolyzers. This order represents the second time this year that Hydrogenics has won an award of this magnitude - illustrating the modular nature of its market-leading hydrogen production technology. Bhushan, one of India's largest steel manufacturers, is anticipated to take delivery of the Hydrogenics units during the first quarter of 2010.

"Being able to provide Bhushan Power & Steel with high quality electrolyzers for steel production demonstrates our expanding presence in the region and dedication to a variety of manufacturing applications," said Daryl Wilson, President and CEO. "Industrial growth in India has been nothing short of extraordinary in recent years, and we are taking the necessary steps to increase our position in this important market."

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.

Contact Information