Hydrogenics Corporation

Hydrogenics Corporation

November 10, 2005 07:00 ET

Hydrogenics Rebrands Fuel Cell Test Division

MISSISSAUGA, ONTARIO--(CCNMatthews - Nov. 10, 2005) -

Greenlight Power Technologies going forward as Hydrogenics Test Systems to reinforce and align with corporate brand

Hydrogenics Corporation (TSX:HYG)(NASDAQ:HYGS) announced today that its Greenlight Power Technologies division, which specializes in equipment and services for hydrogen fuel cell testing, will now operate under the name Hydrogenics Test Systems, effective immediately.

Hydrogenics acquired Greenlight Power Technologies in 2003 and retained the company name and its Burnaby-based operations in order to leverage certain elements of Greenlight's market presence and competitive positioning. As a result of product and market development initiatives over the last three years, and the acquisition of Stuart Energy Systems in early 2005, Hydrogenics' expertise and range of product offerings has grown considerably. By rebranding Greenlight Power Technologies to Hydrogenics Test Systems, Hydrogenics is taking steps to ensure that clarity, strength and consistency of its brand will go forward on a solid footing.

"This rebranding will in no way change the way we do business, or alter any existing commitments or relationships to customers, employees or partners; nothing will change except the name on Greenlight's products and stationery," said Pierre Rivard, President and CEO, Hydrogenics Corporation. "Hydrogenics is committed to being a leader in the hydrogen product business and our test business is indicative of how our company approaches today's fuel cell markets with a focus on early commercial sustainability. As such, Hydrogenics Test Systems is a vital business unit within Hydrogenics. This rebranding simply recognizes how our company has grown and evolved."

The integration of Hydrogenics and Greenlight, and the addition of Stuart Energy, has brought together three of the leading names in the hydrogen and fuel cell sector under one banner. Hydrogenics' customers and business partners now benefit from the synergies of three integrated business units: Hydrogenics OnSite Generation, Hydrogenics Power Systems and Hydrogenics Test Systems.

About Hydrogenics

Hydrogenics Corporation (www.hydrogenics.com) is a leading global developer of clean energy solutions, advancing the Hydrogen Economy by commercializing hydrogen and fuel cell products. The company has a portfolio of products and capabilities serving the hydrogen and energy markets of today and tomorrow. Hydrogenics, based in Mississauga, Ontario, Canada, has operations in North America, Europe and Asia.


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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