Plug Power Welcomes Local Students to a Hands On Day of Learning
August 21 2019 - 7:00AM
Plug Power Inc. (NASDAQ: PLUG), a leading provider of energy
solutions that change the way the world moves, recently welcomed
students from the Troy Riverfront Pathways in Technology Early
College High School (P-TECH) Summer Bridge Program. This program is
one of only a select few programs of its kind in the state, putting
high school students on a direct career path to the region’s most
in-demand fields including technology, biotechnology, and advanced
manufacturing. Plug Power was honored to be able to support this
important local program by creating a special day for two groups of
students.
“I was really impressed by the natural leadership
shown by the students during their visit. At their age it’s not
always about asking the right questions, but rather asking all the
questions. The students more than excelled in this and engaged in
discussions around global warming, the changes we need to make, and
how hydrogen is an alternative source that can power devices needed
by people all over the world,” said Manikandan Ramani, Plug Power’s
Director of Chemical Engineering. “Education is a seek mission that
is never ending, and myself and the engineering team were thrilled
to be a small part of the educational journey for these
students.”
For the student visits, Mr. Ramani and his team set
up three stations that allowed the groups to get an up close and
interactive look at the process of assembling a hydrogen fuel cell
stack.
- The first station explained the process of gasketing. Here, the
students used a robot to apply on the gaskets and then later
checked the quality of the sealing.
- The second station allowed the students to assemble bipolar
plates and Membrane Electrode Assemblies (MEAs) into modules, and
then check them for leaks.
- The final station focused on testing. Here, the students tested
the assembled fuel cell stack and incubated them to full
performance, then verified that they met customer
requirements.
“We thank Plug Power for welcoming our students to
their facility and for engaging them in conversation about careers
in the industry,” said Nancy Smith, P-TECH Math Teacher. “We are
honored to work with organizations like Plug Power that actively
engage our students and provide insight about technical jobs as
well as the professional skills needed to be successful in these
industries.”
In addition to the stations, representatives from
Plug Power provided the students with an overview of the industry
in the boardroom, followed by a full tour of the Latham facility,
giving students the opportunity to ask numerous members of the
engineering team their questions, and see various jobs throughout
the company first hand.
“Throughout the years, Plug Power has partnered
with a number of universities to further the education of college
students and industry research. I’m thrilled that we’re now able to
share our team’s passion for the science and technology fields with
a younger set of students, as they begin to explore what their
future passions will be,” said Plug Power CEO Andy Marsh. “The
whole team at Plug Power looks forward to many more educational
initiatives with our local community and beyond.”
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. 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, 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
GundryPluck 617.797.5174plugpower@pluckpr.com
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