Hydrogenics Corporation

Hydrogenics Corporation

May 05, 2009 07:00 ET

Hydrogenics Announces Commissioning of Fuel Cell Buses in Europe

MISSISSAUGA, ONTARIO--(Marketwire - May 5, 2009) - Hydrogenics Corporation (TSX:HYG)(NASDAQ:HYGS), a leading developer and manufacturer of hydrogen generation and fuel cell products, today announced that two additional Hydrogenics' fuel cell powered hybrid MidiBuses have now been put into operation. The buses were purchased by Vestische Strassenbahnen GmbH, a regional urban transit authority located in Herten, Germany, as previously announced by Hydrogenics in 2008. There are now ten Hydrogenics-powered MidiBuses in operation in Europe based on a Tecnobus S.p.A electric bus platform.

In addition, Hydrogenics has marked significant progress with its Rampini Fuel Cell bus project, now planned to be commissioned this month in Gladbeck, Germany. The bus, developed on the Rampini ZEV platform of Italy, is approximately double the size of the aforementioned MidiBus and can hold over 40 passengers. Additional models are expected to be ready for procurement after appropriate testing is complete.

"Similar to the increasing traction we are seeing in North America with fuel-cell powered buses, our strong, longstanding operations in Europe continue to move forward with bus rollouts as demand for clean transportation alternatives increases," said Daryl Wilson, President and CEO. "The latest two MidiBuses also have a new combined heat and power (CHP) feature that captures the heat generated by our fuel cells to warm passengers during the cold winter months. As the operating fleet grows via programs such as these, so too does our reputation for providing reliable, year-round power particularly under demanding conditions. Hydrogenics' HyPM technology has demonstrated it can provide both clean energy and low service costs compared to battery-only solutions over the long term - validating the performance and maintainability of our designs."

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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