12.01.12

Hydrogenics: Electrolyzer Contract

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Hydrogenics Corporation, a leading developer and manufacturer of hydrogen generation and fuel cell products, has announced a contract with Ballast Nedam IPM, awarded at the end of December 2011, to supply a HySTAT®30 electrolyzer for integration into a Netherlands' based hydrogen fueling station. The owner of the fueling station will be Waterstofnet, which is a non-profit organization financed by the Flemish and Dutch governments. Hydrogen infrastructure and fuel cell vehicles have been embraced as a significant part of Europe's transportation solution towards the achievement of 2050 carbon-emission targets. Multiple regional initiatives are concurrently underway throughout Europe to this end.

With over 35 hydrogen fueling installations world-wide, Hydrogenics' HySTAT® electrolyzer products continue to demonstrate their role in the future energy mix for transportation, with fully scalable capabilities to produce hydrogen on demand. This is the fourth hydrogen fueling station contract awarded to Hydrogenics in 2011.

"Our success in supplying electrolyser-based hydrogen fueling stations is directly linked to our vast experience in industrial hydrogen markets. Over the past 10 years, Hydrogenics has added over 200 HySTAT industrial installations worldwide to its 1800 install-base. Our full range of electrolyzer products has made the name "HySTAT" synonymous with safety, quality and dependability making it the number 1 choice for customers considering a hydrogen fueling station. We are pleased to have been selected by Ballast Nedam to provide our electrolysis product which will be our second fueling station delivered into the Netherlands," said Daryl Wilson, Hydrogenics President and Chief Executive Officer. "This award, achieved through a competitive bid based on tight selection criteria, demonstrates our ability to provide the highest quality equipment and engineering services to support the deployment of hydrogen fueling stations, not only in the Netherlands, but throughout Europe. We also acknowledge the critical support that Waterstofnet continues to play in the Dutch/Flemish region. Over the years this organization continues to demonstrate strong leadership in promoting Hydrogen technology development and deploying Hydrogen solutions throughout the region" The HySTAT 30 electrolyzers, capable of producing up to 65 kilograms per day of pure hydrogen, is anticipated to be delivered in mid 2012 and operational by the end of the year.

ABOUT HYDROGENICS Hydrogenics Corporation (www.hydrogenics.com) is a globally recognized developer and provider of hydrogen generation and fuel cell products and services, serving the growing industrial and clean energy markets of today and tomorrow. Based in Mississauga, Ontario, Canada, Hydrogenics has operations in North America and Europe.

Contact:
Investor Relations
    Jennifer Barber, Chief Financial Officer
    (905) 361-3638
    investors@hydrogenics.com
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