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Mercedes-Benz Expands Use of Plug Power Hydrogen Fuel Cells at Vehicle Assembly Plant in Tuscaloosa, Alabama



Mercedes-Benz Expands Use of Plug Power Hydrogen Fuel Cells at Vehicle
Assembly Plant in Tuscaloosa, Alabama

Construction of New Logistics Hub Drives Purchase of 123 Additional Lift
Trucks Powered by GenDrive Fuel Cells

LATHAM, N.Y., Aug. 20, 2013 (GLOBE NEWSWIRE) -- Plug Power Inc. (Nasdaq:PLUG),
a leader in providing clean, reliable energy solutions, today announced that
Mercedes-Benz US International, Inc. (MBUSI) has ordered 123 additional
hydrogen-based GenDrive^® fuel cell units to power new forklift trucks for its
material handling fleet at a logistics hub now under construction in
Tuscaloosa, AL.

Last July, Mercedes purchased 72 GenDrive fuel cells for the lift truck fleet
at its Tuscaloosa vehicle assembly plant. Earlier this year, construction
began on a brand new $70 million, 900,000 square-foot state-of-the-art
warehouse. This new facility is designed to streamline logistics operations
and support the receiving, handling and sequencing of parts for M-Class and
GL-Class SUVs and R-Class crossover vehicles currently in production, as well
as for the successor generation of the current C-Class for the North American
market beginning in 2014. It is expected that the new GenDrive-powered
forklift fleet will be operational by the fourth quarter of 2013.

Plug Power's GenDrive fuel cell is designed as a drop-in replacement for
lead-acid batteries. It is a more efficient, cost-effective method of
providing clean energy for warehouse and distribution operations. Not only
does fuel cell usage eliminate the possibility of lead and acid contamination
in the workplace, it also eliminates the need for battery storage and
re-charging rooms in the new logistics hub.

Compact refueling stations will be available in several locations within the
facility, with hydrogen provided by Air Products (NYSE:APD). Fuel cells take
only minutes to fully re-fuel, whereas batteries can take hours to reach
maximum charge. In addition, fuel cells keep lift trucks running at constant
speed, unlike batteries, which cause vehicles to slow as their charge runs
down.

"The Mercedes-Benz plant in Tuscaloosa has experienced first-hand the value of
GenDrive fuel cells to operate its forklift fleet," said Andy Marsh, CEO of
Plug Power. "Success with their initial implementation has led Mercedes to
broaden their commitment to sustainable energy by ordering even more GenDrive
units to power the fleet in their new logistics center."

It is anticipated that the coming logistics center, which will be as large as
the current vehicle assembly plant, will receive about 240 semi-trailer truck
deliveries daily and the GenDrive hydrogen fuel cell-powered lift trucks will
handle approximately 2.9 million automotive parts per day.

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 12
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 statements that are not historical facts and are
considered forward-looking within the meaning of Section 27A of the Securities
Act and Section 21E of the Exchange Act. These forward-looking statements
contain projections of our future results of operations or of our financial
position or state other forward-looking information. We believe that it is
important to communicate our future expectations to our investors. However,
there may be events in the future that we are not able to accurately predict
or control and that may cause our actual results to differ materially from the
expectations we describe in our forward-looking statements. Investors are
cautioned not to unduly rely on forward-looking statements because they
involve risks and uncertainties, and actual results may differ materially from
those discussed as a result of various factors, 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;
the risk that we do not have enough cash to fund our operations to
profitability and if we are unable to secure additional capital, we may need
to reduce and/or cease our operations; the risk that a "going concern" opinion
from our auditors, KPMG LLP, could impair our ability to finance its
operations through the sale of equity, incurring debt, or other financing
alternatives; the recent restructuring plan we adopted may adversely impact
management's ability to meet financial reporting requirements; 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; 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 result in our common stock being delisted from the NASDAQ stock
market, which may severely limit our ability to raise additional capital; the
cost and timing of developing, marketing and selling 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 under
"Item IA—Risk Factors" in Plug Power's annual report on Form 10-K for the
fiscal year ended December 31, 2012, filed with the Securities and Exchange
Commission ("SEC") on April 1, 2013 and as amended on April 30, 2013 and the
reports Plug Power filed from time to time with the SEC. These forward-looking
statements speak only as of the date on which the statements were made and are
not guarantees of future performance. Except as may be required by applicable
law, we do not undertake or intend to update any forward-looking statements
after the date of this communication.

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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