Hydrogenics Corporation

Hydrogenics Corporation

April 27, 2009 07:00 ET

Hydrogenics Continues to Advance Fuel Cell Bus Programs in North America

MISSISSAUGA, ONTARIO--(Marketwire - April 27, 2009) - Hydrogenics Corporation (TSX:HYG)(NASDAQ:HYGS), a leading developer and manufacturer of hydrogen generation and fuel cell products, today announced that it has sold another HyPM HD fuel cell power module as part of the Federal Transit Administration's (FTA) National Fuel Cell Bus Program (NFCBP). Serving a project under the Northeast Advanced Vehicle Consortium, Hydrogenics was selected by being able to offer a flexible and cost competitive module with a proven track record.

"We are very pleased to announce this additional order within the FTA's National Fuel Cell Bus Program," said Daryl Wilson, President and CEO. "This is our third project under the auspices of the NFCBP, and we are now tied with the most projects awarded among the various fuel cell providers. Moreover, we are the only company with awards that serve all three regions - the Northeast Advanced Vehicle Consortium, serving the Northeast United States, the Center for Transportation and the Environment, serving the Southeast, and Weststart-Calstart, serving the West Coast. Approximately 4,500 full-size transit buses are sold annually in the United States, and Hydrogenics is dedicated to becoming a leading provider of zero emission, domestically fueled power solutions for this important target market."

Earlier this month, Hydrogenics showcased its fuel cells at the NHA Conference & Hydrogen Expo in Columbia, South Carolina as part of the Proterra EcoRide zero emissions transit bus. The Proterra bus, which will serve the Southeast region of the NFCBP, utilizes two Hydrogenics fuel cell modules, as previously announced. At the NHA show, hundreds of participants viewed the Proterra bus - the first and only bus so far that has been built under the auspices of the NFCBP. Photos of this innovative vehicle can be viewed at the Hydrogenics website under "Projects."

"The NHA Conference was truly a success in showcasing our buses and our partnership with Hydrogenics," said Dale Hill, Chairman, Founder and Chief Technology Officer of Proterra. "We received a great deal of media attention, and the fuel cells have been running perfectly since being put into service earlier this year. In addition, testing at Altoona validated fuel economy in excess of 10 miles per gallon - double the efficiency of typical diesel buses. We will continue exhibiting across the Southeast and look forward to having more buses commissioned, with Hydrogenics fuel cells, later this year."

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