Hydrogenics Hosts Canadian Prime Minister Justin Trudeau In China for Fuel Cell Demonstration
December 04 2017 - 4:01PM
Hydrogenics Corporation (NASDAQ:HYGS) (TSX:HYG)
(the “Company” or “Hydrogenics”), a leading developer and
manufacturer of hydrogen generation and hydrogen-based power
modules, today announced that, along with Beijing SinoHytec Co, Ltd
(SinoHytec), the Company hosted Prime Minister Justin Trudeau as he
visited Beijing to promote trade and tourism between Canada and
China.
Trudeau was greeted by Daryl Wilson, President
and CEO of Hydrogenics, and Mr. Zhang Guoqiang, Chairman of
SinoHytec, as he visited a Foton bus utilizing a fuel cell system
co-developed by Hydrogenics and SinoHytec. SinoHytec and its
partners, including Foton, are promoting a fleet of 150 fuel cell
buses in Zhangjiakou, where China will be hosting the 2022 Winter
Olympic Games. The completion and delivery of this fleet is
expected in early 2018. Mr. Trudeau had the opportunity to learn
more about how Hydrogenics and SinoHytec are working together to
jointly address climate change by reducing the carbon footprint
related to transportation in China.
“Hydrogenics has the leading technology for
providing zero-emission transit solutions to the public. We are
currently completing the largest operating hydrogen fuel cell bus
fleet on the planet, and we look forward to a very successful and
long-term collaboration with Hydrogenics,” said Mr. Zhang, Chairman
of SinoHytec.
“It is a great honor to meet with Prime Minister
Trudeau and have the opportunity to showcase our fuel cell
technology,” added Mr. Wilson. “The partnership between Hydrogenics
and SinoHytec is an excellent example of Canadian and Chinese
companies working together to bring clean energy transportation to
China.”
Hydrogenics previously announced its
collaboration with SinoHytec in June, 2016.
About HydrogenicsHydrogenics
Corporation is a world leader in engineering and building the
technologies required to enable the acceleration of a global power
shift. Headquartered in Mississauga, Ontario, Hydrogenics provides
hydrogen generation, energy storage and hydrogen power modules to
its customers and partners around the world. Hydrogenics has
manufacturing sites in Germany, Belgium and Canada and service
centers in Russia, China, India, Europe, the US and Canada.
Forward-looking StatementsThis
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. 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.
Hydrogenics Contacts:Bob Motz, Chief Financial
OfficerHydrogenics Corporation(905)
361-3660investors@hydrogenics.com
Chris WittyHydrogenics Investor Relations(646)
438-9385cwitty@darrowir.com
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