Plug Power Hosts Conference Call to Discuss January Business Update

Plug Power Hosts Conference Call to Discuss January Business Update

LATHAM, N.Y., Jan. 16, 2014 (GLOBE NEWSWIRE) -- Plug Power Inc. (Nasdaq:PLUG),
a leader in providing clean, reliable energy solutions, will today host a
conference call where the Company's President and CEO, Andy Marsh, will
provide a business update and answer questions.

Mr. Marsh will highlight factors driving the acceleration of the business:

  oThe Company closed $32M in bookings in the fourth quarter of 2013.
  oPlug Power continues to expect first quarter 2014 booking to exceed the
    past quarter.
  oPlug Power's turnkey solution, and the included elements, make this a
    favorable solution for customers.

Finally, Mr. Marsh will discuss Plug Power's unique position in the fuel cell
industry, including how Plug Power plans to remain the market leader in the
deployment of PEM fuel cell technology as the market expands in the coming
years. "Without question, the Company is the premier systems integrator of PEM
fuel cells serving Fortune 500 customers like Kroger, BMW, and Walmart in 24x7
operations," said Andy Marsh. "As the market for fuel cells expands into
mobile applications like range extenders, transport refrigeration units and
ground support equipment, no company is better positioned to leverage its
expertise to penetrate these markets."

Plug Power will host a live webcast, including slides, today at 10:00 am ET.
The webcast can be accessed by going directly to the Plug Power Web site
( and selecting the webcast link in the spotlight section of
the home page. The webcast audio and slides will be archived for a period of
time following the call.

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 14
million hours of runtime, Plug Power manufactures tomorrow's incumbent power
solutions today. Additional information about Plug Power is available at

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 of 1933 and Section 21E of the Securities Exchange Act of 1934, including
but not limited to statements regarding our expectations regarding the
acceptance, performance and impact of our GenKey offering, including a more
predictable business model and revenue stream. 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 may need to raise additional capital to fund
our operations and such capital may not be available to us; the risk that we
may 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; 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 we fail to comply with NASDAQ's listing standards which 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 risk that our actual
net cash used for operating expenses exceeds our 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: Press and Investor Relations Contact
         Teal Vivacqua

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