Hydrogenics Awarded Contracts for Fueling Stations in the UK

Hydrogenics Awarded Contracts for Fueling Stations in the UK

MISSISSAUGA, Ontario, Jan. 29, 2014 (GLOBE NEWSWIRE) -- Hydrogenics
Corporation (Nasdaq:HYGS) (TSX:HYG),a leading developer and manufacturer of
hydrogen generation and hydrogen-based power modules,today announced that it
has been awarded two contracts for fueling stations in the United Kingdom. The
first contract includes three HySTAT^TM60 electrolyzers for BOC, a member of
The Linde Group (XETRA:LIN), for installation as part of a large fueling
station due to be constructed in 2014 for Aberdeen City Council's
Kittybrewster depot in Scotland. The three electrolysers will provide up to
400 kg per day of Hydrogen, and the station, part of theAberdeen Hydrogen Bus
Project, will be used for 10 fuel cell buses – which will be the largest such
fleet in Europe.

The second contract, also with BOC, calls for a HySTAT^TM 30 electrolyzer to
be installed as part of a fueling station in Swindon, England for Honda Motor
Company (NYSE:HMC). The electrolyzer will provide 65 kg of Hydrogen per day
and is expected to be operational during the second half of 2014, as is the
Kittybrewster installation.

Daryl Wilson, Hydrogenics' President and CEO said, "These most recent fueling
station awards confirm that Hydrogen infrastructure spending is indeed
increasing across the globe – particularly in Europe, Japan, Korea, and
California. This should come as no surprise given the plans outlined by a
number of leading automotive OEMs to begin selling high-volume fuel cell
vehicles between 2015 and 2017, with some models expected out later this
calendar year. We see a great deal of growth potential in fueling stations and
are uniquely qualified to provide the most reliable and efficient
electrolyzers in the industry."

Aberdeen City Council is taking a strategic lead in facilitating the arrival
of a Hydrogen economy through: (a) leading the North Sea Region HyTrEc
(Hydrogen Transport Economic) project; (2) coordinating the development of a
strategy, on behalf of the Scottish Cities Alliance, to enable Scotland to
build new infrastructure and support Hydrogen technologies; and (3) leading
initiatives for growing Aberdeen's Hydrogen economy.

The Swindon fueling station is the result of a joint public-private
partnership between Honda, BOC, and the economic development organization
Forward Swindon. The fueling station will utilize solar energy to generate
hydrogen and be used for material handling vehicles and light vans at Honda's
manufacturing plant.

The Aberdeen Hydrogen Bus Project is being multi-funded through the Scottish
Government and Scottish Enterprise along with the European Commission and the
UK Technology Strategy Board (TSB). Both the Aberdeen and Swindon projects are
tied to a January 2012 initiative of the TSB, co-funded by the Department of
Energy and Climate Change (DECC), aimed to encourage UK businesses to develop
fuel cells and hydrogen systems to make the case for further investment.
Fueling infrastructure is a key requirement to "complete the circle" for
Hydrogen-based transportation.These state-of-the-art facilities will create
awareness for the need to develop fueling stations throughout the UK and
illustrate Hydrogenics' leadership position in this expanding field.

About Hydrogenics

Hydrogenics Corporation (www.hydrogenics.com) is a globally recognized
developer and provider of hydrogen generation and fuel cell products and
services, serving the growing industrial and clean energy markets of today and
tomorrow. Based in Mississauga, Ontario, Canada, Hydrogenics has operations in
North America and Europe.

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