Plug Power Named to Food Logistics’ Top Green Providers List for 2019
June 18 2019 - 7:00AM
Plug Power Inc. (NASDAQ:PLUG), a leading provider of hydrogen
engines and fueling solutions enabling e-mobility, has again been
named to the Top Green Providers list for 2019 by Food Logistics,
the only publication exclusively dedicated to covering the movement
of product through the global food supply chain.
Food Logistics’ annual Top Green Providers recognizes companies
whose products, services, or exemplary leadership are enhancing
sustainability within the food and beverage industry. Each year,
the criteria for earning a spot on the list become more stringent
for applicants. For example, the editorial staff evaluates a
company’s participation in such programs as the EPA’s SmartWay and
other recognized sustainability programs; facilities that are
LEED-certified, and/or feature solar panels, LED lighting, and
other energy saving installations and retrofits that produce
measurable reductions in GHG emissions, to name a few.
2019 marks the third year Plug Power has been named on the Top
Green Providers list. Through its GenDrive fuel cell product line
and GenFuel hydrogen fueling stations, Plug Power has demonstrated
a long-standing commitment to offering material handing fleet
customers sustainable zero emission solutions to power their
material handling equipment. Food and beverage companies like
Walmart, Kroger, Supervalu, and Carrefour in Europe have made
the decision to utilize hydrogen fuel cells to power their forklift
truck fleets, dramatically improving their carbon footprint.
Plug Power entered the on-road vehicle market with its ProGen
fuel cell engine product suite, expanding its product breadth and
application reach within the logistics supply chain. Recently
announced and marking the first commercial scale deployment of fuel
cells for on-road logistics, Plug Power is partnering with electric
vehicle manufacturer StreetScooter with an initial delivery of 100
hydrogen fuel cell-powered delivery trucks. Additionally, Plug
Power has announced the acquisition of EnergyOr. Plug Power will
use EnergyOr’s complementary lightweight compact fuel cell systems
to power growing logistics applications utilizing robotics,
autonomous vehicles, and UAVs.
"Our Top Green Providers demonstrate leadership in
sustainability throughout the global food supply chain, from better
management of natural resources to technology applications and
operational improvements that reduce food waste from the farm to
the retailer to the end consumer," notes Lara L. Sowinski,
editorial director. "Environmental stewardship is a defining
feature for these companies, as is their determination to
continually raise the sustainability bar year after year."
“Plug Power’s hydrogen fuel cell solutions continue to prove the
positive influence sustainable energy has on performance, revenue,
and profitability for business growth,” said Andy Marsh, CEO of
Plug Power. “We have proven this in the warehouse and in
manufacturing, having deployed more than 25,000 fuel cell units to
date. Now, we’re transforming e-mobility applications for delivery
logistics on the road and in the air. We’re honored to be named to
the Top Green Providers list for the third year in a row as we
continue build and expand our portfolio of advanced technology,
zero emission commercial solutions that enable customers to move
product around the world in the cleanest way possible.”
About Food Logistics Food Logistics is
published by AC Business Media, a business-to-business media
company that provides targeted content and comprehensive,
integrated advertising and promotion opportunities for some of the
world’s most recognized B2B brands. Its diverse portfolio serves
the construction, logistics, supply chain and other industries with
print, digital and custom products, events and social media.
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.
Plug Power 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
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, 2018. 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 Kate Gundry Pluck 617.797.5174
plugpower@pluckpr.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