1.3.2007: Meldung: Plug Power Inc.: Interim Chief Financial Officer

Plug Power Engages Interim Chief Financial Officer
Wednesday February 28, 3:03 pm ET

LATHAM, N.Y., Feb. 28 / Plug Power Inc., a leader in providing clean, reliable on-site energy products, today announced that the Company has engaged David Waldek to serve as interim Chief Financial Officer (CFO) following the recent resignation of its former CFO.

"We"ve executed a rapid, yet carefully considered, response to an unexpected opening in our executive-level management team," said Dr. Roger Saillant, Plug Power"s President and Chief Executive Officer. "We believe that Dave"s extensive financial experience with both public and private companies, including Albany Molecular Research, should provide seamless continuity for our financial operations while we are searching for a new CFO. Dave will assist as well in profiling the best candidate for us in terms of skill sets, experience, strength of character and teamwork."

Mr. Waldek has 20 years of financial experience in the service and manufacturing industries. Most recently, he co-founded CFO Advisory Group to provide strategic financial and business advisory services for high-growth companies. Prior to that, he served for six years as CFO for Albany Molecular Research, Inc., an international drug discovery and development company. While at AMRI, Waldek helped grow the company"s annual revenue from $33 million to nearly $200 million, managed a $120 million public offering and helped coordinate five acquisitions.

About Plug Power

Plug Power Inc. (Nasdaq: PLUG - News), an established leader in the development and deployment of clean, reliable, on-site energy products, currently integrates fuel cell technology into backup power products for telecommunications, utility and uninterruptible power supply applications. The Company is actively engaged with private and public customers in targeted markets, including the United States, Europe, Middle East, Russia, South Africa and South America. For more information about how to join Plug Power"s energy revolution as an investor, customer, supplier or strategic partner, please visit http://www.plugpower.com.

Source: Plug Power Inc.
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