Meldungen 30.01.2004

30.1.2004: Meldung: Hydrogenics prices share offering at 5.75 US-Dollar

Hydrogenics Corporation announced today that it has priced its offering in the United States and Canada of 11,000,000 common shares at U.S.$5.75 (Cdn.$7.63) per share. Closing is scheduled to take place on February 3, 2004. Hydrogenics expects to receive net proceeds from the offering of approximately U.S.$60 million, excluding the exercise of the over-allotment option.


Citigroup is acting as sole book-running manager, and National Bank Financial Inc. and TD Securities Inc. are acting as co-managers. The underwriters have been granted an option to purchase up to 1,650,000 additional common shares to cover over-allotments, if any.


These common shares are being offered only by means of a U.S. and Canadian prospectus. Accordingly, this press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.


Copies of the U.S. final prospectus relating to the offering may be obtained when available from Citigroup Global Markets Inc., 388 Greenwich Street, 34th Floor, New York, NY 10013. Copies of the Canadian final prospectus relating to the offering may be obtained when available from National Bank Financial Inc., 130 King Street West, Suite 3200, P.O. Box 21, Toronto, Ontario M5X 1J9 or TD Securities Inc., 60 Wellington Street West, 8th Floor, Toronto, Ontario M5K 1A2.


Hydrogenics Corporation (http://www.hydrogenics.com/) is a leading clean power generation company, engaged in the commercialization of fuel cell technology and test stations for fuel cells. The Company is building a sustainable business, in a potentially "game changing technology" for transportation, stationary and portable power. Hydrogenics, based in Mississauga, Ontario, Canada, has operations in British Columbia, Canada, Japan, the United States and Germany.


For more information please contact:

Hydrogenics Corporation - Canada

5985 McLaughlin Road

Mississauga, Ontario


L5R 1B8

Phone: 905.361.3660

Fax: 905.361.3626


Source: Hydrogenics Corporation



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