Plug Power CEO Andy Marsh to Present at Hydrogen Energy in Texas Summit on Earth Day 2016
April 22 2016 - 7:00AM
Plug Power Inc. (NASDAQ:PLUG), a leader in providing energy
solutions that change the way the world moves, announces CEO Andy
Marsh will attend and present today at the Hydrogen Energy in Texas
Summit. Marsh will discuss the impact the use of hydrogen has on
Texas, the United States and the world, and project how that impact
will grow by the year 2040. His presentation will begin at 10:15 am
CT (11:15 am ET).
The summit is for an invite-only audience of business,
government and other energy stakeholders. The collaborative
discussions will promote the global perspective for hydrogen, and
specific opportunities, barriers, jobs and the benefits of growth
of this new energy field in Texas.
Plug Power built the hydrogen and fuel cell industry in the
material handling market, with more than 10,000 units deployed
today. In fact, more than 90% of fuel cell users in the industry
today are Plug Power customers. Specifically in Texas, Plug Power
has deployed 1,274 GenDrive fuel cells and four GenFuel hydrogen
fueling and storage infrastructures, where customers dispense more
than 900kg of hydrogen daily. Plug Power customer, Walmart, has
grown its network of deployments in Texas over the past year. Plug
Power also recognizes two of its oldest sites with Sysco, both
installed in 2010.
In addition to Plug Power’s thriving material
handling business, the company has a stake in stationary power
products with its GenSure fuel cell system. The company has
deployed 127 GenSure systems in Texas with customers that include
Sprint, Verizon and BNSF railroad.
“Today, Plug Power’s GenDrive and GenSure
customers have removed the pollution equivalent of almost 10,000
cars from our roads through their emissions reductions,” said Andy
Marsh. “Plug Power’s innovative hydrogen products are stimulating
adoption today. But there is much to be done to make the world a
more innovative, efficient and environmentally conscious place in
2040. Plug Power will continue to innovate and change the way the
world moves.”
Marsh will join other prominent speakers at the
conference including Texas Lieutenant Governor Dan Patrick, Texas
Railroad Commissioner Ryan Sitton and hydrogen and fuel cell
industry veterans from both gas and system industries.
About Plug Power
Inc.
The architects of modern hydrogen and fuel cell technology, Plug
Power has revolutionized the industry with its simple GenKey
solution, elements of which are designed to increase productivity,
lower operating costs and reduce carbon footprints in a reliable,
cost-effective way. Plug Power’s GenKey solution couples together
all the necessary elements to power, fuel and service a customer.
Plug Power is the partner that customers trust to take their
businesses into the future. For more information about Plug Power,
visit www.plugpower.com.
Safe Harbor Statement
This communication contains "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of 1995
that involve significant risks and uncertainties about Plug Power
Inc. ("PLUG"), including but not limited to statements about PLUG's
2016 objectives, including goals relating to revenue, sales,
booking, gross margin and GenKey and GenFuel installations You are
cautioned that such statements should not be read as a guarantee of
future performance or results, and will not necessarily be accurate
indications of the times at, or by which, such performance or
results will have been achieved. Such statements are subject to
risks and uncertainties that could cause actual performance or
results to differ materially from those expressed in these
statements. In particular, the risks and uncertainties include,
among other things, the risk that we continue to incur losses and
might never achieve or maintain profitability; the risk that we
will need to raise additional capital to fund our operations and
such capital may not be available to us; the risk that 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, in whole or in part; the risk that a loss of one
or more of our major customers could result in a material adverse
effect on our financial condition; the risk that a sale of a
significant number of shares of stock could depress the market
price of our common stock; the risk that negative publicity related
to our business or stock could result in a negative impact on our
stock value and profitability; the risk of potential losses related
to any product liability claims or contract disputes; the risk of
loss related to an inability to maintain an effective system of
internal controls or key personnel; the risks related to use of
flammable fuels in our products; 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 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 products, including GenDrive, ReliOn and
GenKey systems; the volatility of our stock price; 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 successfully expand
internationally; our ability to improve system reliability for our
GenDrive, ReliOn and GenKey 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;
risks associated with potential future acquisitions; and other
risks and uncertainties referenced in our public filings with the
Securities and Exchange Commission. For additional disclosure
regarding these and other risks faced by PLUG, see disclosures
contained in PLUG's public filings with the Securities and Exchange
Commission (the "SEC") including, the "Risk Factors" section of
PLUG's Annual Report on Form 10-K for the year ended December 31,
2015. You should consider these factors in evaluating the
forward-looking statements included in this presentation and not
place undue reliance on such statements. The forward-looking
statements are made as of the date hereof, and PLUG undertakes no
obligation to update such statements as a result of new
information.
Media Contact
Teal Vivacqua
518.738.0269
media@plugpower.com
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