16.10.03

16.110.2003: Meldung: Plug Power to Announce Third Quarter Results

Plug Power Inc. will release financial results for the quarter ended September 30, 2003 on Wednesday, October 22, 2003.

In conjunction with the release, the company will host a live conference call and Webcast at 10:00 a.m. (ET) the day of the release. The dial-in phone number for the conference call is 706-634-1510. The Webcast can be accessed by logging onto http://www.firstcallevents.com/service/ajwz389160238gf12.html or by going directly to the Company""s website at http://www.plugpower.com/. A playback of the call will be available on the company""s Web site for a period following the call.

About Plug Power

Plug Power Inc. designs, manufactures and markets proton exchange membrane (PEM) fuel cells for stationary applications. Plug Power""s strategic partners include GE Fuel Cell Systems, DTE Energy Technologies, Vaillant GmbH, Honda R&D Co., Ltd., Engelhard Corporation and Celanese Ventures. The Company""s headquarters are located in Latham, N.Y., with offices in Washington, D.C., and The Netherlands.

This press release may contain statements, which are not historical facts and are considered forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements contain projections of Plug Power""s future results of operations, Plug Power""s product development expectations or of Plug Power""s financial position or state other forward-looking information. In some cases you can identify these statements by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will" and "would" or similar words. You should not rely on forward-looking statements because Plug Power""s actual results may differ materially from those indicated by these forward-looking statements as a result of a number of important factors. These factors include, but are not limited to, Plug Power""s ability to develop a commercially viable fuel cell system; the cost and timing of developing Plug Power""s fuel cell systems; market acceptance of Plug Power""s fuel cell systems; Plug Power""s reliance on Plug Power""s relationship with certain affiliates of General Electric; Plug Power""s ability to perform on its multi-generation product plan in a manner satisfactory to GEFCS and DTE; ability to manufacture fuel cell systems on a commercial basis; competitive factors, such as price competition, competition from other power technologies and competition from other fuel cell companies; the speed and extent of consolidation of the fuel cell industry; the cost and availability of components and parts for Plug Power""s fuel cell systems; the ability to raise and provide the necessary capital to develop, manufacture and market Plug Power""s fuel cell systems; Plug Power""s ability to lower the cost of its fuel cell systems and demonstrate their reliability; the cost of complying with current and future governmental regulations; and other risks and uncertainties discussed under the heading "Factors Affecting Future Results" in Plug Power""s annual report on Form 10-K for the fiscal year ended December 31, 2002, dated March 31, 2003 and filed with the Securities Exchange Commission on March 31, 2003, and the reports Plug Power files from time to time with the Securities and Exchange Commission. Plug Power does not intend to and undertakes no duty to update the information contained in this press release.
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