Hydrogenics Corporation

Hydrogenics Corporation

August 19, 2008 07:00 ET

Hydrogenics to Provide Fuel Cells to APC for Extended Run Back-Up Power in Data Centers

Turn-key fuel cell solution provides environmentally sound, cost effective, commercial offering for extended run backup power technologies

MISSISSAUGA, ONTARIO--(Marketwire - Aug. 19, 2008) - Hydrogenics Corporation (TSX:HYG)(NASDAQ:HYGS), a leading designer and manufacturer of hydrogen electrolyzers and fuel cell systems, announced today that APC by Schneider Electric, a global leader in integrated critical power and cooling services, will soon launch an extended-run back-up power system powered by Hydrogenics' HyPM XR Fuel Cell Power Modules. The Fuel Cell Extended Run (FCXR), developed in collaboration with Hydrogenics, provides uninterruptible back-up power for mission-critical applications.

The FCXR offers a lower total cost of ownership for runtime requirements greater than two hours when compared to lead acid batteries. Additionally, this solution is ideal for customers with space constraints or for companies that cannot operate a diesel generator due to noise or emissions concerns. The FCXR produces highly efficient, emission-free electrical backup power using air and stored hydrogen. Using hydrogen fuel cells lowers operating costs, increases reliability, and extends runtime duration, while reducing maintenance cost, and minimizing environmental impact.

APC's next generation Fuel Cell Extended Run product, which produces emission free electrical backup power using air and stored hydrogen, is available in 10 kW increments up to 30 kW contained in a single 19-inch rack. Developed in collaboration with Hydrogenics Corporation following the completion of a multiple unit field trial program; the second generation FCXR uses Hydrogenics' HyPM XR Fuel Cell Power Modules. Hydrogenics will be providing a turn-key critical application power systems to APC. This solution is in addition to the existing Fuel Cell Power Module agreement in place since August 2006. This solution includes power electronics, cooling, and system controls in a standard APC modular rack mount. The FCXR supports APC's 3-Phase Symmetra PX product line for uninterruptible power and adds a new dimension for extended backup time to APC's InfraStruXure architecture.

"APC's next generation fuel cell backup product represents one of the first commercial uses of fuel cell technology for data center environments," said John DiPippo, senior vice president, APC Data Center Solutions, Software and Services. "The next generation FCXR incorporates key improvements based on the successful commercial trials of our earlier fuel cell solution deployed during the past two years. We believe APC's new fuel cell product provides the right combination of power capacity and innovative hydrogen-based technology to meet market demand."

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, Europe and Asia.

About APC

APC by Schneider Electric, a global leader in critical power and cooling services, provides industry leading product, software and systems for home, office, data center and factory floor applications. Backed by the strength, experience, and wide network of Schneider Electric's Critical Power & Cooling Services, APC delivers well planned, flawlessly installed and maintained solutions throughout their lifecycle. Through its unparalleled commitment to innovation, APC delivers pioneering, energy efficient solutions for critical technology and industrial applications. In 2007, Schneider Electric acquired APC and combined it with MGE UPS Systems to form Schneider Electric's Critical Power & Cooling Services Business Unit, which recorded 2007 revenue of $3.5 billion (EUR 2.4 billion) and employed 12,000 people worldwide. APC solutions include uninterruptible power supplies (UPS), precision cooling units, racks, physical security and design and management software, including APC's InfraStruXure® architecture, the industry's most comprehensive integrated power, cooling, and management solution. Schneider Electric, with 120,000 employees and operations in 102 countries, had 2007 annual sales of $25 billion (EUR 17.3 billion). For more information on APC, please visit www.apc.com. All trademarks are the property of their owners.


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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