Hydrogenics: Fuel Cell Bus Update
Hydrogenics Corporation, a leading developer and manufacturer of hydrogen generation and fuel cell products, today provided an order update related to its power module business for mobile applications.
In North America, the Company recently received an additional order from Proterra LLC for a zero-emission bus to be deployed in Fort Lewis, Washington, as part of a project led by the Center for Transportation and the Environment (CTE), sponsored under the Defense Logistics Agency's (DLA) Hydrogen and Fuel Cell Research and Development Program. This is the third Proterra EcoRide transit bus that will utilize Hydrogenics' fuel cell power modules. Separately, Hydrogenics will soon begin building two HyPM HD 16 units for a zero-emission EVAmerica, LLC Ecobus transit bus project to be demonstrated in Birmingham, Alabama. This initiative, supported by a grant from the U.S. Department of Transportation's Federal Transit Administration to the University of Alabama at Birmingham (UAB), is led by a UAB research team and also coordinated by CTE. The EVAmerica bus will be operated by the Birmingham-Jefferson County Transit Authority (BJCTA) and service the UAB campus as well as metropolitan Birmingham.
"We are pleased to note further progress within the fuel cell bus market," said Daryl Wilson, President and CEO. "Our reputation is paving the way for more orders in North America, and we are truly becoming the power module vendor of choice for bus manufacturers such as Proterra. These awards strengthen our position for future contracts, as stimulus dollars across the globe continue to target clean energy solutions leveraging the power of hydrogen."
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.
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 actual results may differ from these forward-looking statements due to numerous factors, including 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' regulatory filings with the Canadian securities regulatory authorities and the United States Securities and Exchange Commission for a more complete discussion of factors that could affect Hydrogenics' future performance. Furthermore, the forward-looking statements contained herein are made as of the date of this release, and 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. The forward-looking statements contained in this release are expressly qualified by this.
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