Plug Power CEO Participates in Climate Action Conference Addressing United Nations Sustainable Development Goals
October 04 2019 - 7:00AM
Plug Power Inc. (NASDAQ: PLUG), a leading provider of hydrogen
engines and fueling solutions enabling e-mobility, is participating
in a United Nations side event hosted by ROTH Capital Partners
today, October 4, 2019. Plug Power’s CEO Andy Marsh will address UN
delegates and Secretariat as well as the private sector and
academia representatives. Marsh will showcase the short and long
term potential of hydrogen fuel cells in helping member countries
achieve the UN Sustainable Development Goals (SDG) by 2030.
Plug Power is the global industry leader in hydrogen and fuel
cell systems, thus far achieving unmatched accomplishments. Having
deployed more than 28,000 fuel cell engines into mobility equipment
today, the Company is facilitating and benefiting from paradigm
shifts in the transportation and energy industries.
Hydrogen fuel cells generate only heat and water as a byproduct
of energy generation, allowing users to dramatically reduce the
greenhouse gas emissions of their businesses. Marsh’s presentation
will not only showcase Plug Power’s proven success in the United
States with customers such as Walmart, Amazon, and BMW, but also
internationally with users including DHL, Engie and CHEM.
According to the Fuel Cells and Hydrogen Energy Association,
cars and trucks account for nearly one-fifth of all U.S. carbon
emissions, releasing 24 pounds of carbon dioxide and other
global-warming gases for every gallon of gasoline used. “In an
electrified world, hydrogen fuel cells make a lot of sense in
applications that require high-asset utilization,” said Andy Marsh,
CEO for Plug Power. “Hydrogen fuel cells can make a significant
impact on meeting SDGs from an environmental and economic
perspective.”
“A global hydrogen vision set by The Hydrogen Council estimates
that by 2050 hydrogen will support 19% of global energy demand,
creating 45 million jobs,” continued Marsh. “As the world moves to
electric solutions, hydrogen and fuel cell power will become
increasingly important to achieving sustainability goals.”
According to Jesse Pichel, Managing Director of Cleantech
Investment Banking at ROTH Capital Partners and also a Board Member
of NGO Sustainability Inc., “Traditionally business has been the
engine of economic, technological, and social progress, while
increasingly contributing to social causes. There is growing
consensus that private sector engagement is an indispensable tool
for most effective outcomes.”
For more information about this event, please send your name,
email and affiliation to: ngosustainability@gmail.com.
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 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.
Media Contact Ian MartoranaThe Bulleit
Group(415) 237-3681plugpower@bulleitgroup.com
SOURCE: PLUG POWER
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