Hydrogenics Corporation

Hydrogenics Corporation

July 28, 2009 06:00 ET

Hydrogenics Awarded Two Renewable Energy Projects in Europe

Hydrogen Seen as Growing Solution for Reliable Power

MISSISSAUGA, ONTARIO--(Marketwire - July 28, 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 two fuel cell power module solutions - one in Greenland and the other in France - for renewable energy projects. At both locations, the Company will deliver HyPM Rack stationary systems to be utilized for primary and backup power.

In Greenland, the power modules will be delivered to Nukissiorfiit, the national energy company, in the capital of Nuuk as part of project H2KT. This initiative is meant to analyze the potential of using hydrogen for energy storage and management in Greenland, such that the country can better leverage its natural hydro-generation resources. In France, the power modules will be used for energy generation to supplement photovoltaic and wind power at the new headquarters of the Abalone Group, a human resources consulting firm located in the city of Nantes. The Abalone building is planned to be totally independent of the national grid. Delivery to both Abalone and Nukissiorfiit is anticipated for later this year. Electrolyzers are expected to be bid in future phases to store renewable energy in the form of hydrogen at each location.

"These are exciting developments that demonstrate the growing importance of hydrogen for energy storage and management," said Daryl Wilson, President and CEO. "We continue to believe that renewable energy solutions offer a large opportunity for Hydrogenics and are pursuing this market aggressively."


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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