Hydrogenics Invited to Join World Hydrogen Council
September 18 2017 - 6:30AM
Hydrogenics Corporation (NASDAQ:HYGS) (TSX:HYG)
("Hydrogenics" or "the Company"), a leading developer and
manufacturer of hydrogen generation and hydrogen-based power
modules, today announced that it will join the prestigious Hydrogen
Council as a supporting member. The Hydrogen Council, launched at
the World Economic Forum in Davos, Switzerland this past January,
is an organization dedicated to supporting hydrogen energy
solutions globally and bringing together industry leaders to share
ideas, information, and growth strategies. The Hydrogen Council
includes such esteemed companies as Air Liquide, Alstom, Linde,
Toyota, Hyundai, and Shell.
“Hydrogenics is very pleased to join the
Hydrogen Council and support the work being done to accelerate the
hydrogen energy revolution taking place worldwide,” said Daryl
Wilson, President and Chief Executive Officer. “Standing together
at the precipice of this transformation – which will bring clean,
sustainable power solutions to the planet – we can assess
geopolitical opportunities, technological developments, and various
new hydrogen-based applications. We look forward to working
alongside so many of our peers, customers, and industry leaders
alike to bring the hydrogen economy to fruition.”
Separately, Hydrogenics announced that it would
attend the Hydrogen Council’s Investor Day in New York on Monday,
September 18. The event, held during New York’s Climate Week, will
bring together industry leaders, investors and other stakeholders
to discuss the important contributions of hydrogen to the energy
transition and work to create an effective implementation plan –
such that the compelling benefits of hydrogen deployment can be
realized. Representatives of the Council will also speak at the
Sustainable Investment Forum organized by Climate Action in
partnership with the UN Environment Programmer Finance Initiative.
This event will bring together over 350 high-level industry
delegates.
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, Europe, the US and Canada.
About the Hydrogen
CouncilLaunched at the 2017 World Economic Forum in Davos
at the presence of industry and policy leaders from Europe, Asia
and the US, the Hydrogen Council is a global initiative of leading
energy, transport and industry companies with a united vision and
ambition for hydrogen to foster the energy transition. Additional
information can be found at www.hydrogencouncil.com.
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, including: our
inability to increase our revenues or raise additional funding to
continue operations, execute our business plan, or to grow our
business; inability to address a slow return to economic growth,
and its impact on our business, results of operations and
consolidated financial condition; our limited operating history;
inability to implement our business strategy; fluctuations in
our quarterly results; failure to maintain our customer base that
generates the majority of our revenues; currency fluctuations;
failure to maintain sufficient insurance coverage; changes in value
of our goodwill; failure of a significant market to develop
for our products; failure of hydrogen being readily available on a
cost-effective basis; changes in government policies and
regulations; failure of uniform codes and standards for hydrogen
fueled vehicles and related infrastructure to develop; liability
for environmental damages resulting from our research, development
or manufacturing operations; failure to compete with other
developers and manufacturers of products in our industry; failure
to compete with developers and manufacturers of traditional and
alternative technologies; failure to develop partnerships with
original equipment manufacturers, governments, systems integrators
and other third parties; inability to obtain sufficient materials
and components for our products from suppliers; failure to manage
expansion of our operations; failure to manage foreign sales and
operations; failure to recruit, train and retain key management
personnel; inability to integrate acquisitions; failure to develop
adequate manufacturing processes and capabilities; failure to
complete the development of commercially viable products; failure
to produce cost-competitive products; failure or delay in field
testing of our products; failure to produce products free of
defects or errors; inability to adapt to technological advances or
new codes and standards; failure to protect our intellectual
property; our involvement in intellectual property litigation;
exposure to product liability claims; failure to meet rules
regarding passive foreign investment companies; actions of our
significant and principal shareholders; dilution as a result of
significant issuances of our common shares and preferred shares;
inability of US investors to enforce US civil liability judgments
against us; volatility of our common share price; and dilution as a
result of the exercise of options. 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
Hydrogenics (NASDAQ:HYGS)
Historical Stock Chart
From Aug 2024 to Sep 2024
Hydrogenics (NASDAQ:HYGS)
Historical Stock Chart
From Sep 2023 to Sep 2024