Plug Power: Sales Agreement

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LATHAM, New York - Plug Power Inc. (PLUG), a leader in providing clean, reliable energy solutions announces a master sales agreement (MSA) with a large footwear manufacturer in North America, that outlines purchase terms and defines site-specific agreements for deployment of Plug Power's GenKey hydrogen and fuel cell solution.

The footwear manufacturer has completed a successful demonstration at one of its distribution centers. By signing the MSA, corporate management at the footwear manufacturer has defined the first three sites where Plug Power's GenKey hydrogen and fuel cell solution will be implemented and is analyzing wide adoption of the technology in its 30 sites globally. GenKey enables seamless implementation of hydrogen fuel cells by material handling customers, combining GenDrive fuel cells, GenCare aftermarket service and GenFuel hydrogen molecule, storage and dispensing infrastructure.

"Plug Power continues to grow our customer base with important partnerships and meaningful relationships," said Andy Marsh, CEO at Plug Power. "We've proven the value of our solutions to repeat customers like Walmart, Kroger and BMW, and we intend to do the same with this new GenKey customer."

GenKey opens the door to more sustainable, environmentally friendly operations. Hydrogen is a zero-emissions fuel, enabling fuel cell systems to produce only heat and water as byproducts. Adoption of hydrogen fuel cells helps customers eliminate greenhouse gas emissions and reduce their carbon footprint.

"Plug Power understands that the GenKey solution is impactful to customers who are moving their organizations toward more sustainable power options," continues Marsh. "Our hydrogen and fuel cell services enable customers to implement an efficient green power solution for their lift trucks that addresses a key issue for this new customer. We're confident they will see positive results in their environmental impact, as well as their bottom line."

About Plug Power Inc.

The powerhouse in hydrogen fuel cell technology, Plug Power is revolutionizing the industry with cost-effective solutions that increase productivity, lower operating costs and reduce carbon footprint. Its signature solution, GenKey, provides an all-inclusive package for customers, incorporating GenFuel hydrogen and fueling infrastructure, GenCare aftermarket service and either GenDrive or ReliOn fuel cell systems. GenDrive, a lead-acid battery replacement, is used in electric lift trucks in high-throughput material handling applications. With more than 6,500 GenDrive units deployed with material handling customers, GenDrive has been proven reliable with over 100 million hours of runtime. Plug Power manufactures tomorrow's incumbent power solutions today, so customers can POWERAhead. Additional information about the Plug Power brands is available at
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