29.9.2004: Meldung: Hydrogenics Sells Fuel Cell Test Stations to Asahi Glass
"We are particularly pleased to have been selected by Asahi Glass to supply these two test stations," said Pierre Rivard, President and CEO of Hydrogenics Corporation. "Our test business is still a major source of revenues for the Company and the opportunity to add a new customer like Asahi Glass is significant. Our leadership position in fuel cell testing, with over 450 machines installed at over 55 customer sites, has enabled us to establish a core competency and track record for performance. We are excited to share this expertise with our new customer, Asahi Glass."
The FCATS G50 is specifically designed to offer accuracy and reliability for fuel cell testing in low power ranges, at an attractive price. The "G" Series test stations offer superior reliability and maintainability as a result of thorough in-house testing, selection of high quality components and well-designed accessibility to the test station"s internals. Operator efficiency is further enhanced by an optimized graphical user interface and stack interface. In addition, all new test stations are designed to allow customization to meet a client"s specific needs.
About Hydrogenics Corporation
Hydrogenics Corporation is a leading 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 potentially "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. For more information, please visit http://www.hydrogenics.com/.
About Greenlight Power Technologies, Inc.
Greenlight Power Technologies Inc., a wholly-owned subsidiary of Hydrogenics Corporation, is the leading global supplier of test equipment and services to the fuel cell industry. It has supplied fuel cell test equipment to the world"s premier fuel cell stack manufacturers, component manufacturers, system integrators and research organizations. Greenlight provides a full suite of test equipment for fuel cell stack, stack component, reformer and system testing for companies focused on portable, stationary, and transportation fuel cell applications. For more information, please visit http://www.greenlightpower.com/.
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" registration statement on form F-10 filed with the Securities and Exchange Commission on February 3, 2004 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.