Hydrogenics Corporation

Hydrogenics Corporation

March 11, 2009 07:01 ET

Hydrogenics Awarded $1.8 Million of New Orders

MISSISSAUGA, ONTARIO--(Marketwire - March 11, 2009) - Hydrogenics Corporation (TSX:HYG)(NASDAQ:HYGS), a leading developer and manufacturer of hydrogen generation and fuel cell products, today announced that it has been awarded $1.8 million of orders for electrolyzers to be used in various industrial applications worldwide. The company anticipates delivery of these units in 2009.

"These orders further demonstrate the strong, global leadership position of our OnSite Generation business unit, particularly for applications that require a high standard of performance, durability, and reliability," said Daryl Wilson, President and Chief Executive Officer. "Included in these awards is a repeat order from the largest power utility in Africa for electrolyzers to upgrade its electrical generating capacity. We continue to see a steady pace of proposals for a variety of industrial gas applications, primarily to increase operating efficiencies or replace outdated on-site generating equipment."

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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