Hydrogenics Corporation
TSX : HYG
NASDAQ : HYGS

Hydrogenics Corporation

November 15, 2006 07:00 ET

Hydrogenics to Provide Hydrogen Fueling Station for Urban Transit Demonstration in Brazil

MISSISSAUGA, ONTARIO--(CCNMatthews - Nov. 15, 2006) - Hydrogenics Corporation (TSX:HYG)(NASDAQ:HYGS), a leading developer and manufacturer of hydrogen and fuel cell products, is providing a hydrogen fueling station for an urban demonstration in Brazil of hydrogen fuel cell-powered mass transit buses, the first hydrogen fuel cell demonstration in South America.

The Hydrogen Fuel-Cell Buses for Urban Transport in Brazil project includes a hydrogen refueling station and a small fleet of hydrogen fuel cell-powered buses, which will be put into service in Sao Mateus and Sao Paolo. Sao Paolo is one of the largest cities in the Western Hemisphere. The project is scheduled to begin on November 14, 2006 and will span four years.

"Brazil has one of the largest bus markets in the world, which makes this an important demonstration of our hydrogen fueling technology in a significant emerging market," said Pierre Rivard, Hydrogenics President and CEO. "Pollution is a serious problem in major cities like Sao Paolo, and the interest and involvement of local organizations to explore energy alternatives such as zero emission hydrogen fuel and fuel cells is very encouraging."

Hydrogenics will supply a HySTAT-60 hydrogen electrolyzer to the project, as well as compression, storage and dispenser modules. The fueling station is planned to begin operation in the latter half of 2007. Working as part of an international consortium of companies and alongside two Brazilian companies, Petrobras Distribuidora and Eletropaulo, Hydrogenics will provide the hydrogen fueling station and provide training for maintenance staff.

The project involves seven other consortium members, with the overall project led by the Brazilian Ministry of Mines and Energy and Sao Paulo Metropolitan Urban Transport Company. It is supported by the United Nations Development Programme (GEF Implementing Agency) and Global Environment Facility (Multilateral Financing Mechanism).

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.

CAUTION REGARDING FORWARD-LOOKING STATEMENTS

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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