14.12.06

14.12.2006: Meldung: Plug Power Appoints New CFO

Plug Power Inc., a leader in providing clean, reliable on-site energy products, recently appointed several key management positions, including Jean Nelson as Chief Financial Officer, Allan Greenberg as Vice President of Sales, Thomas Hutchison as Vice President of Engineering and Joseph Millington as Vice President of Human Resources.

“Smart Hydrogen’s recent investment has given Plug Power the financial flexibility to evaluate a number of alternatives in terms of market engagement, strategic partnership and technical development,” said Roger Saillant, Plug Power’s CEO. “This position of financial strength also facilitates the addition of seasoned executives from around the country to supplement the existing management team in its ongoing pursuit of Company objectives.”

Nelson has 25 years’ experience in finance with expertise in operational financial management, investor relations and transaction work. Nelson’s experience includes senior financial positions ranging from Fortune 100 companies to mid-size technology firms. Her contribution at numerous companies has included successful financial leadership during challenging, transformational periods. Nelson has joined Plug Power from Virbac Corporation, where she was Executive Vice President and Chief Financial Officer.

Prior to joining Plug Power, Greenberg has more than 20 years of global sales, marketing and business development experience, most recently specializing in start-ups and turnaround companies. He also has considerable experience guiding sales, marketing and business development operations for established mission critical solution providers such as Compaq and Nortel.

Hutchison spent nearly 30 years working for Ford Motor Company in a number of leadership and engineering positions, including Director of European Operations and Chief Engineer, among others. Plug Power expects that his global experience and specialization in leveraging collaborative opportunities to increase productivity will significantly contribute to the Company’s engineering operations and overall corporate culture.

Millington has more than 20 years’ experience in human resources and organizational development, including more than 10 years working in global assignments with Hewlett-Packard, Quantum Corporation and Acterna. While working for Hewlett-Packard, Millington created a comprehensive corporate change management methodology. He also has extensive experience with organizational integration related to several mergers and acquisitions.

About Plug Power Plug Power Inc. (NASDAQ: PLUG), 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 www.plugpower.com.

Contacts: Cynthia Mahoney White Plug Power Inc. Phone: (518) 782-7700 ext. 1973 Mobile: (518) 527-1172 cynthia_mahoneywhite@plugpower.com
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