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Plug Power Senior Management Team Hits the Road to Promote Fuel Cell Impact on the Material Handling Market(September 09, 2010)
LATHAM, N.Y., Sept. 9, 2010 (GLOBE NEWSWIRE) -- Plug Power Inc. (Nasdaq:PLUG), a leader in providing clean, reliable energy solutions, highlights activities of its senior management team intended to promote its GenDrive™ product for the material handling market. During the month of September, upper-level management will travel across the United States targeting investment, sales and educational audiences.
On September 14, 2010, CFO, Gerry Anderson, will present to investors at the Wedbush Clean Technology and Industrial Growth MAC 2010 conference in San Francisco, California. Mr. Anderson will give an overview of Plug Power's strategy to commercialize its fuel cell power solution in material handling applications. Mr. Anderson's presentation will begin at 11:35 am ET (8:35 am PT). Interested parties are invited to view the webcast by going directly to the Plug Power Web site (www.plugpower.com) and selecting the conference link on the home page. A playback of the webcast will be available online for a period following the conference.
Following Mr. Anderson's presentation in California, Plug Power's Vice President of Marketing and Investor Relations, Reid Hislop, will present to investors at the Modern Energy Investor Forum on September 23, 2010. Taking place in Denver, Colorado, the Modern Energy Investor Forum will give Mr. Hislop a platform to address the market potential seen in the material handling space, and where Plug Power will focus its sales efforts to maximize sales momentum in the upcoming quarters.
Plug Power will participate alongside premier customer, GENCO Supply Chain Solutions, in the CSCMP Annual Global Conference, September 26-29, 2010 in San Diego, California. Plug Power's class-3 GenDrive product will be featured in booth 809 at the Supply Chain of the Future exhibit where attendees can learn why fuel cell solutions are a large piece of building a high-performance supply chain operation. Plug Power's GenDrive is an example of the cutting edge solutions being used by material handling customers today to increase productivity and lower operational costs of their businesses. To learn more about the CSCMP Conference, visit cscmpconference.org.
Plug Power has also been invited to present at the California Hydrogen Business Council's next quarterly meeting on September 30 on the Company's recent successes. Additional support will be given at a Technology Summit sponsored by GE Global and the Advanced Energy Conference, where CTO, Adrian Corless, will join a panel discussion on Energy Storage Options for Fuel Cells. More information about these events and others can be found on the Plug Power Web site at www.plugpower.com.
About Plug Power Inc.
The architects of modern fuel cell technology, Plug Power revolutionized the industry with cost-effective power solutions that increase productivity, lower operating costs and reduce carbon footprints. Long-standing relationships with industry leaders forged the path for our key accounts, including Wegmans, Whole Foods, and FedEx Freight. With more than 1,000 units in the field and over 1.5 million hours of runtime, Plug Power manufactures tomorrow's incumbent power solutions today. Visit us at www.plugpower.com.
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Plug Power Inc. Safe Harbor Statement
This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including but not limited to expectations regarding revenues and product orders for 2010. These statements are based on current expectations that are subject to certain assumptions, risks and uncertainties, any of which are difficult to predict, are beyond our control and that may cause our actual results to differ materially from the expectations in our forward-looking statements including statements regarding the risk that unit orders will not ship, be installed and/or convert to revenue, in whole or in part; the cost and timing of developing our products and our ability to raise the necessary capital to fund such development costs; the ability to achieve the forecasted gross margin on the sale of our products; the 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 GenDrive system; 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 improve system reliability for GenDrive; competitive factors, such as price competition and competition from other traditional and alternative energy companies; our ability to manufacture products on a large-scale commercial basis; our ability to protect our intellectual property; the cost of complying with current and future governmental regulations; and other risks and uncertainties discussed under "Item IA-Risk Factors" in our annual report on Form 10-K for the fiscal year ended December 31, 2009, filed with the Securities and Exchange Commission ("SEC") on March 16, 2010, and the reports we file from time to time with the SEC. Plug Power does not intend to, and undertakes no duty to update any forward-looking statements as a result of new information or future events.
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