Plug Power Announces Industry's Highest Capacity Fuel Cell for Material Handling Applications

Plug Power Announces Industry's Highest Capacity Fuel Cell for Material
Handling Applications

New GenDrive(TM) 1900 Fuel Cell Brings Increased Productivity and Reduced
Emissions to Six-Ton Forklift Trucks

LATHAM, N.Y., June 24, 2013 (GLOBE NEWSWIRE) -- Plug Power Inc. (Nasdaq:PLUG),
a leader in providing clean, reliable energy solutions, today announced the
GenDrive Series 1000 product family has a new member, the GenDrive 1900. It is
Plug Power's highest-power fuel cell yet and one of the largest developed for
material handling applications.

The GenDrive 1900 is designed as a drop-in replacement for lead-acid batteries
on six-ton capacity, four-wheel, class-one counterbalanced forklift trucks.
Six-ton forklift trucks are among the most popular large-capacity forklift
trucks in use.

The new fuel cell is the company's first to feature an optional second
hydrogen tank to double hydrogen capacity. With both tanks installed, the fuel
cell can store up to 3.4 kg of hydrogen with an energy capacity of 50
kilowatt-hours (kWhr). Capable of a constant power output of 14kW, the fuel
cell delivers more than eight hours of runtime, which is 50% more than a
conventional battery in this application. The GenDrive 1900 has a refill time
of two minutes, maximizing the productivity of forklift trucks.

The new fuel cell is part of the GenDrive Series 1000 products targeted at
sit-down counterbalanced trucks that are used in high-volume manufacturing and
high-throughput warehousing and distribution operations. Other products in the
family include the 1400, 1500, 1600 and 1700 for three-wheel and four-wheel
counterbalanced trucks.

With this new offering in its product line, Plug Power now provides a complete
solution that spans all class-one forklift trucks, making it possible for its
retail and manufacturing material handling customers to standardize on
hydrogen fuel cells in place of lead-acid batteries.

"This is a very important extension of the GenDrive Series 1000 product line
because it means that our customers can fully commit to a hydrogen-powered
forklift fleet that enhances environmental impact, eliminates the need for
battery storage and provides a better return on their investment in hydrogen
fueling and storage," said Andy Marsh, Plug Power president and CEO. "This is
important for Plug Power too, as it expands our addressable market and cements
our reputation as the leading PEM fuel cell integrator in the material
handling industry."

The GenDrive 1900 runs at the same operating pressure as other Series 1000
products, which helps to simplify hydrogen infrastructure. It also features a
system controller that enables the operator to monitor and communicate fuel
cell stack and system performance to optimize output, provide information for
planned maintenance and reduce total cost of ownership.

Availability

The new GenDrive 1900 will start customer trials in the third quarter of 2013.
When released, it will be available through Plug Power's worldwide sales
force.

About Plug Power Inc.

The architects of modern fuel cell technology, Plug Power is revolutionizing
the industry with cost-effective power solutions that increase productivity,
lower operating costs and reduce carbon footprints. Long-standing
relationships with industry leaders forged the path for Plug Power's key
accounts, including Walmart, Sysco, P&G and Mercedes. With more than 4,000
GenDrive units deployed to material handling customers, accumulating over 10
million hours of runtime, Plug Power manufactures tomorrow's incumbent power
solutions today. Additional information about Plug Power is available at
www.plugpower.com.

Plug Power Inc. Safe Harbor Statement

This communication contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. These statements are
based on current expectations that are subject to certain assumptions, risks
and uncertainties, any of which are difficult to predict, are beyond our
control and that may cause our actual results to differ materially from the
expectations in our forward-looking statements including, but not limited to:
the risk that we continue to incur losses and might never achieve or maintain
profitability, the risk that we expect we will need to raise additional
capital to fund our operations and such capital may not be available to us;
our lack of extensive experience in manufacturing and marketing products may
impact our ability to manufacture and market products on a profitable and
large-scale commercial basis; the risk that unit orders will not ship, be
installed and/or converted to revenue, in whole or in part; the risk that
pending orders may not convert to purchase orders; the risk that our continued
failure to comply with NASDAQ's listing standards may severely limit our
ability to raise additional capital; the cost and timing of developing our
products and our ability to raise the necessary capital to fund such costs;
the ability to achieve the forecasted gross margin on the sale of our
products; the actual net cash used for operating expenses may exceed the
projected net cash for operating expenses; the cost and availability of fuel
and fueling infrastructures for our products; market acceptance of our
GenDrive systems; our ability to establish and maintain relationships with
third parties with respect to product development, manufacturing, distribution
and servicing and the supply of key product components; the cost and
availability of components and parts for our products; our ability to develop
commercially viable products; our ability to reduce product and manufacturing
costs; our ability to successfully expand our product lines; our ability to
improve system reliability for our GenDrive systems; competitive factors, such
as price competition and competition from other traditional and alternative
energy companies; our ability to protect our intellectual property; the cost
of complying with current and future federal, state and international
governmental regulations; and other risks and uncertainties discussed, but are
not limited to, those set forth in (i) "Item IA-Risk Factors" in our Annual
Report on Form 10-K for the fiscal year ended December 31, 2011, filed with
the Securities and Exchange Commission ("SEC") on March 30, 2012 and (ii) in
our quarterly report on Form 10-Q for the quarter ended September 30, 2012
filed with the SEC on November 14, 2012, as well as in the other reports we
file from time to time with the SEC. We do not intend to, and undertake no
duty to; update any forward-looking statements as a result of new information
or future events.

CONTACT: North American Press Contact
         The David James Agency LLC
         David Rodewald / Karen Freedman
         +1 805 494-9508
         plugpower@davidjamesagency.com

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