18.6.2004: Meldung: Plug Power Director Elected for Third Term
"George Earle has provided leadership at a time of rapid member growth and a significant expansion of our collective ambitions for the Council," said Robert Rose, Executive Director of the U.S. Fuel Cell Council. "This is not a reward for past service. The members have high expectations for the Council, and clearly believe George is the person best suited to lead our continued growth and expansion."
Under Earle""s stewardship the U.S. Fuel Cell Council:
* Published the first collective industry report on research and development spending, revenue and jobs.
* Commenced lobbying at both the federal and state levels.
* Initiated agreements with Fuel Cells Canada, Fuel Cell Europe, The Fuel Cell Commercialization Council of Japan and The World Fuel Cell Council to develop industry standards, raise public awareness of fuel cells, conduct educational programs and encourage policies that support fuel cell development.
* Created a Sustainability Working Group to develop guiding principles for development of fuel cell products and processes.
"We will continue to refine and expand our message as the voice of the fuel cell industry," said Earle. "Ultimately our members will operate in a competitive environment, but at this point in time, fuel cell companies must work together to build the industry and educate the market. I will work to make the Council the premiere unifying voice of the fuel cell industry."
Future plans include: development of a technology roadmap to help prioritize the efforts of policymakers, academia and supply chain partners; development and publication of test protocols and other technical guidance documents; persistent leadership in codes and standards; and continued work with government leaders to get critical support for fuel cell research and development, demonstrations, and deployment.
About U.S. Fuel Cell Council:
The U.S. Fuel Cell Council represents 114 of the world"s leading fuel cell developers, manufacturers, suppliers and customers committed to fostering the commercialization of fuel cells in the United States. The Council is an industry association that provides technical advice, collects information and issues reports on the industry and industry segments, establishes links to comparable activities in the United States and around the globe and conducts a full range of technical, educational and outreach activities in support of the industry and its goals. Focus areas include codes and standards, education and outreach, government affairs, and employment postings, among other areas.
About Plug Power
Plug Power Inc. designs and develops on-site energy systems based on proton exchange membrane fuel cells. 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 commercially viable on-site energy products; the cost and timing of developing Plug Power""s on-site energy products; market acceptance of Plug Power""s on-site energy products; Plug Power""s reliance on its relationship with certain affiliates of General Electric (GEFCS); Plug Power""s ability to perform on its multi- generation product plan in a manner satisfactory to GEFCS; Plug Power""s ability to manufacture on-site energy products on a large-scale commercial basis; competitive factors, such as price competition and competition from other traditional and alternative energy companies; the cost and availability of components and parts for Plug Power""s on-site energy products; the ability to raise and provide the necessary capital to develop, manufacture and market Plug Power""s on-site energy products; Plug Power""s ability to establish relationships with third parties with respect to product development, manufacturing, distribution and servicing and the supply of key product components; Plug Power""s ability to protect its intellectual property; Plug Power""s ability to lower the cost of its on-site energy products and demonstrate their reliability; the cost of complying with current and future governmental regulations; the impact of deregulation and restructuring of the electric utility industry on demand for Plug Power"s on-site energy products; fluctuations in the trading price and volume of Plug Power"s common stock 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, 2003, dated March 11, 2004 and filed with the Securities Exchange Commission on March 11, 2004, 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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