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Hydrogenics Awarded Contract for Fueling Station in Italy



Hydrogenics Awarded Contract for Fueling Station in Italy

MISSISSAUGA, Ontario, June 18, 2013 (GLOBE NEWSWIRE) -- Hydrogenics
Corporation (Nasdaq:HYGS) (TSX:HYG) ("Hydrogenics" or "the Company"), a
leading developer and manufacturer of hydrogen generation and hydrogen-based
power modules, today announced that the Company has been awarded a contract
for three HySTAT®-60 electrolyzers by The Linde Group (XETRA:LIN.DE) for
installation as part of a fueling station in Bolzano, Italy. Terms of the
award were not disclosed.

The station is currently under construction near a major motorway in Bolzano,
thus well situated for large volumes of vehicular traffic; it is expected to
supply hydrogen for both cars and buses.  The project is part of the EU's
Clean Hydrogen In European Cities ("CHIC") project, which is committed to
making hydrogen-based public transport a commercial reality in Europe.    

"Hydrogenics continues to play a major role in promoting hydrogen as a clean,
viable fuel alternative worldwide," said Daryl Wilson, President and CEO of
Hydrogenics. "Now with 45 facilities using our equipment across the globe, we
are at the forefront of hydrogen-based solutions for energy management,
storage, and transportation. This site in Italy is expected to be one of many
in the future that will provide hydrogen for a growing number of buses and
passenger cars equipped with fuel cells in the region. While some stations,
like this one, will have electrolyzers on the premises, others across Europe
will use hydrogen created through an expanding array of energy storage
facilities – converting excess power that would have otherwise been wasted
into usable hydrogen through one of our Power-to-Gas applications. We are
excited by the increasing appreciation for what hydrogen can do and by our
role in this rapidly-evolving industry."   

The rollout of the Bolzano installation will be managed by the Institute for
Innovative Technologies (IIT) and operated by Alpengas. Hydrogenics'
HySTAT®-60 units will, combined, initially produce approximately 400 kilograms
of fuel daily and are expected to be delivered before the end of 2013, with
startup in early 2014.  Further hydrogen stations along the Bolzano-Modena
motorway are planned for the future.

Additional information can be found at
http://chic-project.eu/category/cities/phase-1-cities/bolzano and at
http://www.netinform.net/H2/H2Stations/H2StationsDetail.aspx?ID=324.

About Hydrogenics

Hydrogenics Corporation is a world leader in engineering and building the
technologies required to enable the acceleration of a global power shift.
Headquartered in Mississauga, Ontario, Hydrogenics provides hydrogen
generation, energy storage and hydrogen power modules to its customers and
partners around the world. Hydrogenics has manufacturing sites in Germany,
Belgium and Canada and service centers in Russia, China, India, Europe, the US
and Canada.

Forward-looking Statements

This release contains forward-looking statements within the meaning of the
"safe harbor" provisions of the U.S. Private Securities Litigation Reform Act
of 1995, and under applicable Canadian securities law. These statements are
based on management's current expectations and actual results may differ from
these forward-looking statements due to numerous factors, including: our
inability to increase our revenues or raise additional funding to continue
operations, execute our business plan, or to grow our business; inability to
address a slow return to economic growth, and its impact on our business,
results of operations and consolidated financial condition; our limited
operating history; inability to implement our business strategy; fluctuations
in our quarterly results; failure to maintain our customer base that generates
the majority of our revenues; currency fluctuations; failure to maintain
sufficient insurance coverage; changes in value of our goodwill; failure of a
significant market to develop for our products; failure of hydrogen being
readily available on a cost-effective basis; changes in government policies
and regulations; failure of uniform codes and standards for hydrogen fuelled
vehicles and related infrastructure to develop; liability for environmental
damages resulting from our research, development or manufacturing operations;
failure to compete with other developers and manufacturers of products in our
industry; failure to compete with developers and manufacturers of traditional
and alternative technologies; failure to develop partnerships with original
equipment manufacturers, governments, systems integrators and other third
parties; inability to obtain sufficient materials and components for our
products from suppliers; failure to manage expansion of our operations;
failure to manage foreign sales and operations; failure to recruit, train and
retain key management personnel; inability to integrate acquisitions; failure
to develop adequate manufacturing processes and capabilities; failure to
complete the development of commercially viable products; failure to produce
cost-competitive products; failure or delay in field testing of our products;
failure to produce products free of defects or errors; inability to adapt to
technological advances or new codes and standards; failure to protect our
intellectual property; our involvement in intellectual property litigation;
exposure to product liability claims; failure to meet rules regarding passive
foreign investment companies; actions of our significant and principal
shareholders; dilution as a result of significant issuances of our common
shares and preferred shares; inability of US investors to enforce US civil
liability judgments against us; volatility of our common share price; and
dilution as a result of the exercise of options; and failure to meet continued
listing requirements of Nasdaq. 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 US 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, unless otherwise required by law. The
forward-looking statements contained in this release are expressly qualified
by this.

CONTACT: Hydrogenics Contacts:
         Chris Witty
         Hydrogenics Investor Relations
         (646) 438-9385
         cwitty@darrowir.com
        
         Bob Motz, Chief Financial Officer
         Hydrogenics Corporation
         (905) 361-3660
         investors@hydrogenics.com
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