Hydrogenics Corporation

Hydrogenics Corporation

March 05, 2008 07:00 ET

Hydrogenics Awarded Six Orders Valued at $11.6 Million for Onsite Hydrogen Generation Units

HySTAT hydrogen generation systems to deliver onsite/on demand high purity hydrogen for industrial applications

MISSISSAUGA, ONTARIO--(Marketwire - March 5, 2008) - Hydrogenics Corporation (TSX:HYG)(NASDAQ:HYGS), today announced it has received orders from customers in China, Eastern Europe and the United Arab Emirates with an aggregate value of $11.6 million. The HySTAT hydrogen generation systems will be used to deliver high purity hydrogen onsite for metallurgical processing, microelectronics manufacturing and preparation of nuclear fuel for shipment to power generation reactors throughout Europe. These orders are anticipated to be delivered within a twelve month period.

"A significant factor in capturing these sales was the high quality and strong operating track record for our HySTAT hydrogen generation systems deployed throughout Eastern Europe. By using our HySTAT hydrogen generation system, customers can enjoy reliable hydrogen generation, produced on site and on demand. We are very pleased to see continuing growth in this market area based on our reputation for quality, service and reliability" said Daryl Wilson President and Chief Executive Officer of Hydrogenics Corporation.


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