Plug Power Shares in Celebration of New Ace Hardware Facility in Texas; Ace Orders Additional GenDrive Units
July 10 2014 - 7:00AM
New GenDrive Order is for Forklift Fleet
at Retail Support Center Center Now Under
Construction in West Jefferson, Ohio
Plug Power Inc. (Nasdaq:PLUG), a leader in providing clean,
reliable energy products, announced it had participated in the
recent grand opening of Ace Hardware's first all hydrogen material
handling fleet at the company's newly constructed Wilmer, Texas
warehouse. In addition, Ace has ordered further GenDrive units for
another distribution center being built in West Jefferson,
Ohio.
The grand opening event celebrated the launch of the new Ace
Hardware Retail Support Center in Wilmer, Texas, where Plug Power
has deployed GenDrive hydrogen fuel cell units for the facility's
fleet of class-2 and class-3 lift and reach trucks.
Plug Power sales executives Fernando Corral and Gary Bush were
at the Wilmer facility celebration to congratulate Ace Hardware and
provide insight into the benefits of fuel cell usage to
participants who toured the warehouse and observed the
hydrogen-powered vehicles in action.
The recently completed 450,000-square-foot building is designed
to better support Ace Hardware's growth initiatives, operational
productivity and sustainable service capabilities. The site
features nearly 90 loading docks where delivery trucks are loaded
and unloaded with forklifts that are conveniently fueled in minutes
at hydrogen filling stations located on the premises.
Plug Power's fuel cells have been in operation at the Wilmer,
Texas Retail Support Center for the last three months. Efficient
run-time results there have given Ace Hardware the confidence to
move forward with the deployment of GenDrive units at the
distribution center now under construction in Ohio. Upon completion
of the Ohio site, Ace Hardware will have over 130 hydrogen-powered
vehicles within its organization.
"On behalf of Plug Power, I am happy to congratulate Ace
Hardware on the grand opening of its new Texas distribution center
and launch of the all hydrogen GenDrive-powered forklift fleet,"
said Fernando Corral, Plug Power's Vice President of Sales. "Our
team is extremely pleased to know that the GenDrive fuel cell units
deployed in Wilmer are beginning to provide strong operating
efficiencies and we look forward to installing the next round of
GenDrive units for Ace at its new facility in Ohio."
"Now that Ace Hardware's state-of-the-art retail support center
is operating, we can see what a positive difference it makes to
have Plug Power's hydrogen fuel cells in our lift trucks," said
Rick Whitson, Vice President of Retail Support, Ace Hardware
Corporation. "Our material handling equipment drivers can re-fuel
quickly, and maintain a clean space, while supporting our efforts
to use clean energy."
Ace Hardware's West Jefferson, Ohio Retail Support center will
span approximately 534,000 square feet. Ace Hardware plans to use
the GenDrive units for its material handling fleet at the
facility.
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,
including Walmart, Sysco, Procter & Gamble, and Mercedes Benz,
forged the path for Plug Power's innovative GenKey hydrogen and
fuel cell system solutions. With more than 4,500 GenDrive units
deployed to material handling customers, accumulating over 20
million hours of runtime, Plug Power manufactures tomorrow's
incumbent power solutions today. Additional information about Plug
Power is available at www.plugpower.com.
About Ace Hardware
For 90 years, Ace Hardware has been known as the place with the
helpful hardware folks in thousands of neighborhoods across
America, providing customers with a more personal kind of
helpful. In 2014, Ace ranked "Highest in Customer Satisfaction with
Home Improvement Retail Stores, Eight Years in a Row," according to
J.D. Power. With more than 4,850 hardware stores locally
owned and operated across the globe, Ace is the largest
hardware cooperative in the industry. Headquartered in Oak
Brook, Ill., Ace and its subsidiaries currently operate 14
distribution centers in the U.S. and also have
distribution capabilities in Shanghai, China; Panama City,
Panama; and Dubai, United Arab Emirates. Its retailers'
stores are located in all 50 states, the District of Columbia
and approximately 60 countries. For more information on Ace,
visit www.acehardware.com.
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actual performance or results to differ materially from those
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uncertainties include, among other things, the risk that we
continue to incur losses and might never achieve or maintain
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CONTACT: Media Contact
Teal Vivacqua
518.738.0269
media@plugpower.com
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