Hydrogenics Corporation
TSX : HYG
NASDAQ : HYGS

Hydrogenics Corporation

November 27, 2007 06:30 ET

Hydrogenics Receives US$1.7 Million Order for Three Fuel Cell Hybrid MidiBuses

Buses to be deployed for shuttle service at EXPOAGUA Zaragoza 2008

MISSISSAUGA, ONTARIO--(Marketwire - Nov. 27, 2007) - Hydrogenics Corporation (TSX:HYG)(NASDAQ:HYGS), a leading designer and manufacturer of hydrogen and fuel cell systems, announced today that it has received a US $1.7M order for the delivery of three Fuel Cell Hybrid MidiBuses to the upcoming 2008 International Exposition, EXPOAGUA Zaragoza 2008 to be held next summer in the City of Zaragoza, Spain. The buses will be used to shuttle EXPO visitors attending this international event focused on the theme of Water and Sustainable Development.

Hydrogenics' Germany-based team will integrate a standard HyPM® fuel cell power module as part of a hybrid power system into a Tecnobus Gulliver all-electric Midibus power-train. This order for three Midibuses, achieved through a public tender, follows the success of delivering three earlier Midibuses on the same OEM platform to Dusseldorf and Rome.

"We remain very focused on developing products for our target commercial markets, specifically backup power and materials handling," commented Daryl Wilson, Hydrogenics President and Chief Executive Officer. "At the same time, we continue to ensure that we capture opportunities with today's active bus demonstration and deployment market. As such, our standard HyPM-HD power module has proven itself to be very suited for hybrid configurations on an electric shuttle bus platform. As with our core markets, our bus market strategy involves transitioning our integration expertise to an original equipment manufacturer, in this case a bus manufacturer."

Fuel cell hybrid shuttle buses are ideal for a range of niche transit applications where battery power on its own exhibits certain deficiencies, primarily related to duration of charge. The hybrid design will allow the Midibus to travel up to 200 km on one filling of hydrogen, compared with only 60 to 80 km if powered by lead-acid batteries alone. Depending on the average running load of the bus and the fuel cell power output required, hybrid fuel cell systems are also more cost-effective than power-trains that are powered solely by hydrogen fuel cells.

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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