16.05.03

16.5.2003: Meldung: Hydrogenics meldet Auftrag (engl.)

Hydrogenics Corporation (Nasdaq: HYGS - News; TSX: HYG - News), a designer and manufacturer of fuel cell technology, today announced that it will supply six HyPM-LP(2) fuel cell power modules to General Hydrogen, based in Vancouver, Canada. These power modules, to be used in General Hydrogen"s family of products for logistic operations in large distribution centers, represent the first commercial sale of Hydrogenics" new 10 kW HyPM-LP(2) power module. Hydrogenics developed this 10kW power module based on the success of its original 20 kW design, which was launched last December and supplied to John Deere for its demonstrator fuel cell-powered commercial work vehicle.

"We are very excited to be working with General Hydrogen on this project," said Hydrogenics" President and CEO, Pierre Rivard. "As co-members of the General Motors alliance of fuel cell commercialization companies, we have been looking forward to the opportunity to bring our technologies together in a collaborative project. Clearly, the recent success that we experienced with the introduction of our 20 kW HyPM-LP(2) is yielding opportunities to expand our partnerships and broaden our applications expertise in emerging fuel cell markets."
"This new generation of fuel cell power modules will help us accelerate the introduction of our hydrogen technology in the industrial vehicle and distributed generation markets -- the first markets where fuel cells make good business sense," noted Geoffrey Ballard, Chair of General Hydrogen.
The 10 kW HyPM-LP(2) fuel cell power module is targeted at light vehicle and power generation applications. It has been developed without major re-design of Hydrogenics" current baseline technology, whereas the two generations of HyPM technology that preceded the "low pressure, low profile" HYPM-LP(2) design underwent major modifications in configuration and components, in an effort to simplify the design and reduce the parts count. This LP2 design has translated into higher efficiencies, lower costs, smaller size and improved manufacturability. Performance and durability testing to date has reinforced that the current design is "state-of-the-art" and is suited for production in low-volume quantities.
The new power module is being exhibited today at Hydrogenics" Investor & Analyst Day event in New York City along with other examples of Hydrogenics products and core technologies.
About General Hydrogen
General Hydrogen (www.generalhydrogen.com) develops and installs hydrogen-based energy delivery systems. For the industrial market, the company is developing end-to-end systems to replace forklift batteries with fuel cell Hydricity(TM) Packs to achieve significant increases in forklift productivity. With this same technology, General Hydrogen also provides distributed generation solutions for back-up power and UPS, scalable to demand. General Hydrogen is based in Vancouver, British Columbia.
About Hydrogenics
Hydrogenics Corporation (www.hydrogenics.com) is a 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 potential "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.
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 are subject to 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" Form 20F filed with the Securities and Exchange Commission on June 26, 2002 for a more complete discussion of factors that could affect Hydrogenics" future performance. 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.

Source: Hydrogenics Corporation
Contact:
Hydrogenics Corporation - Canada
5985 McLaughlin Road
Mississauga, Ontario
Canada
L5R 1B8
Phone: 905.361.3660
Fax: 905.361.3626
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