Plug Power CEO Andy Marsh Named Executive of the Year at 2019 Fuel Cell Seminar & Energy Exposition
November 06 2019 - 2:01PM
Plug Power Inc. (NASDAQ: PLUG), a leading provider of hydrogen
engines and fueling solutions enabling e-mobility, earned a special
distinction this week thanks to CEO Andy Marsh, who has been named
Executive of the Year at the biannual Fuel Cell Seminar and Energy
Exposition. Marsh received the award today from Michael Berube, US
Department of Energy Acting Deputy Assistant Secretary,
Transportation, during the inaugural plenary talks of the three-day
event taking place this week in Long Beach, CA.
The Executive of the Year award is presented to executives who
have not only led their organizations successfully, but who have
also played a decisive role in helping the growth of the overall
industry. "I am deeply honored to receive this award and to
be recognized by such a phenomenal organization," said Marsh. "Over
the past decade, the Fuel Cell Seminar & Energy Exposition has
grown to bring together our industry's most potent advocates,
innovators, and thought-leaders. Like others in attendance today,
Plug Power works diligently, every day, to further the
commercialization of hydrogen and fuel cell solutions in our
country and around the world, I’m very proud to be recognized among
my distinguished peers."
“Mr. Marsh has guided Plug Power’s and market sector growth in
materials handling and backup power, and is now expanding into
other industrial applications. Marsh also continues to serve as a
prominent voice for, and booster of the industry,” said Morry
Markowitz, President of the Fuel Cell and Hydrogen Energy
Association (FCHEA) and member of the FCS&EE Board.
As a leader in hydrogen fuel cell technology, Plug Power will
play a prominent role in this year’s Fuel Cell Seminar & Energy
Exposition. The Company is showcasing its commercial solutions on
site at the Long Beach Convention & Entertainment Center,
offering attendees a first-hand look at some of its most successful
products, including a pallet jack outfitted with a GenDrive fuel
cell and GenFuel hydrogen dispenser. The Plug Power display
highlights the traction the company has gained in the industrial
mobility marketplace - its products providing power in more than
28,000 pieces of material handling equipment, which have been
fueled with hydrogen more than 23 million times by tier-1 customers
including Walmart, Amazon and The Home Depot. The showcase is
situated in the exhibit hall’s main product display area alongside
other large-scale showings presented by fellow hydrogen economy
leaders like Hexagon and Toyota.
Plug Power CEO Andy Marsh will be a featured speaker during the
November 6th morning plenary sessions. He is slated to take the
stage at 11:30 a.m. to deliver a solo presentation on Plug Power’s
successes in industrial mobility markets, including the material
handling space, as well as its recent expansion into on-road
vehicle applications in the United States and Europe, with partners
including FedEx and DHL.
Founded in 1976, the biannual Fuel Cell Seminar & Energy
Exposition is the longest running fuel cell industry conference in
the United States. The event attracts hundreds of international
manufacturers, fuel providers, customers, policy makers, supply
chain leaders, integrators, academics, investors, media, and other
stakeholders interested in learning more about the latest
developments in the industry.
The 2019 Fuel Cell Seminar & Energy Exposition is comprised
of an immersive series of talks and workshops highlighting the
latest fuel cell and hydrogen products, technical and market
research, policy updates, and commercialization strategies across
all applications and market sectors. A number of notable public
figures have signed on to participate in this week’s activities,
including Apple CEO Tim Cook, who was involved in Tuesday’s H2@
Scale workshop.
About Plug Power Inc. The architect of modern
hydrogen and fuel cell technology, Plug Power is the innovator that
has taken hydrogen and fuel cell technology from concept to
commercialization. Plug Power has revolutionized the material
handling industry with its full-service GenKey solution, which is
designed to increase productivity, lower operating costs and reduce
carbon footprints in a reliable, cost-effective way. The Company’s
GenKey solution couples together all the necessary elements to
power, fuel and serve a customer. With proven hydrogen and fuel
cell products, Plug Power replaces lead acid batteries to power
electric industrial vehicles, such as the lift trucks customers use
in their distribution centers. Extending its reach into the
on-road electric vehicle market, Plug Power’s ProGen platform of
modular fuel cell engines empowers OEMs and system integrators to
rapidly adopt hydrogen fuel cell technology. ProGen engines are
proven today, with thousands in service, supporting some of the
most rugged operations in the world. Plug Power is the partner that
customers trust to take their businesses into the future. Learn
more at www.plugpower.com.
Safe Harbor StatementThis 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 expectations
regarding growth in Europe, revenue, growth with GenKey customers
and its project financing platform. 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 that, 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, GenSure 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, GenSure 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 (the “SEC”). For additional disclosure regarding these
and other risks faced by PLUG, see disclosures contained in PLUG's
public filings with the SEC including, the "Risk Factors" section
of PLUG's Annual Report on Form 10-K for the year ended December
31, 2017. 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.
SOURCE: PLUG POWER
Media Contact
Ian MartoranaThe Bulleit Group(415)
237-3681plugpower@bulleitgroup.com
Plug Power (NASDAQ:PLUG)
Historical Stock Chart
From Mar 2024 to Apr 2024
Plug Power (NASDAQ:PLUG)
Historical Stock Chart
From Apr 2023 to Apr 2024