Press Release: Prelodis Commissions Plug Power GenDrive Units at Site in France
58 minutes ago - DJNF
GenDrive Systems in Operation at Greenfield Logistics Facility for This
New European Customer
LATHAM, N.Y., Sept. 10, 2015 (GLOBE NEWSWIRE) -- Plug
Power Inc. (NASDAQ
LUG), a leader in providing clean,
reliable energy solutions, has announced Prelodis
as its recent European GenDrive customer. Plug Power
has fully shipped and commissioned units for Prelodis
to use at its new-construction (greenfield) logistics
facility located in Saint Cry en Val, a community
close to Orléans in north-central France. This
center is operated by Prelocentre, a subsidiary of
Prelodis, and runs three shifts of operation.
The GenDrive units at Prelocentre have been operational
since August 31, 2015 in the 20,000 sq ft. retail
food warehouse. Additionally, a 33,000 sq. ft. extension
has been planned and offers an opportunity for onsite
expansion of the GenDrive-powered lift truck fleet.
"The recently formed European division of Plug Power
has already realized sales, and has shipped and commissioned
product for commercial customers with real expansion
opportunities," said Andy Marsh, CEO at Plug Power.
"Just like in North America, these customers value
productivity, efficiency and sustainability - all
items our GenDrive value proposition brings to the
table."
The sale of GenDrive fuel cells to Prelodis marks
Plug Power's first greenfield project in Europe, where
emission standards are critical. GenDrive is powered
by hydrogen, generating only heat and water as byproducts.
Even more so, Prelodis has built its new facility
with no battery room, showing its deep commitment
to hydrogen fuel cell power now and into the future.
As with the enormous value realized by Plug Power's
current customer base, Prelodis will also experience
increased productivity from its electric lift truck
fleet. GenDrive enables the vehicles to maintain full
power for a complete shift, and the need to change
batteries is eliminated. The GenDrive units are refueled
in just a few minutes, compared to the 15 minutes
needed to change a battery.
"Prelodis selected Plug Power's GenDrive fuel cell
solution for its greenfield site in France because
the company appreciates the productivity-enhancing
impact the solution can offer and they fully anticipate
the quick and positive return on investment achieved
through avoiding costs associated with batteries,"
continued Marsh. "Most importantly, Prelodis appreciates
the sustainability advantages to be realized by using
hydrogen-powered fuel cells in the facility's lift
truck vehicles."
Plug Power currently offers a full suite of CE-certified
GenDrive models that meet the specifications and qualifications
of European lift trucks. The Plug Power European sales
team is actively engaged with customers in areas with
high labor costs.
About Plug Power Inc.
The powerhouse in hydrogen fuel cell technology, Plug
Power is revolutionizing the industry with cost-effective
solutions that increase productivity, lower operating
costs and reduce carbon footprint. Its signature solution,
GenKey, provides an all-inclusive package for customers,
incorporating GenFuel hydrogen and fueling infrastructure,
GenCare aftermarket service and either GenDrive or
ReliOn fuel cell systems. GenDrive, a lead-acid battery
replacement, is used in electric lift trucks in high-throughput
material handling applications. With more than 8,500
GenDrive units deployed with material handling customers,
GenDrive has been proven reliable with more than 107
million hours of runtime. Plug Power manufactures
tomorrow's incumbent power solutions today, so customers
can POWERAhead. Additional information about the Plug
Power brands is available at www.plugpower.com.
Plug Power Inc. 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
forecast of financial performance, order bookings,
business model, strategy and growth opportunities.
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 at, 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, ReliOn 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, ReliOn 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.
For additional disclosure regarding these and other
risks faced by PLUG, see disclosures contained in
PLUG's public filings with the Securities and Exchange
Commission (the "SEC" including, the "Risk Factors"
section of PLUG's Annual Report on Form 10-K for the
year ended December 31, 2014. 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.
CONTACT: Media and Investor Relations Contact: Teal
Vivacqua Plug Power Inc. Phone: 518.738.0269
This announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Plug Power Inc. via Globenewswire
HUG#1950947
http://www.plugpower.com/
(END) Dow Jones Newswires
September 10, 2015 07:00 ET (11:00 GMT)
58 minutes ago - DJNF
GenDrive Systems in Operation at Greenfield Logistics Facility for This
New European Customer
LATHAM, N.Y., Sept. 10, 2015 (GLOBE NEWSWIRE) -- Plug
Power Inc. (NASDAQ
LUG), a leader in providing clean, reliable energy solutions, has announced Prelodis
as its recent European GenDrive customer. Plug Power
has fully shipped and commissioned units for Prelodis
to use at its new-construction (greenfield) logistics
facility located in Saint Cry en Val, a community
close to Orléans in north-central France. This
center is operated by Prelocentre, a subsidiary of
Prelodis, and runs three shifts of operation.
The GenDrive units at Prelocentre have been operational
since August 31, 2015 in the 20,000 sq ft. retail
food warehouse. Additionally, a 33,000 sq. ft. extension
has been planned and offers an opportunity for onsite
expansion of the GenDrive-powered lift truck fleet.
"The recently formed European division of Plug Power
has already realized sales, and has shipped and commissioned
product for commercial customers with real expansion
opportunities," said Andy Marsh, CEO at Plug Power.
"Just like in North America, these customers value
productivity, efficiency and sustainability - all
items our GenDrive value proposition brings to the
table."
The sale of GenDrive fuel cells to Prelodis marks
Plug Power's first greenfield project in Europe, where
emission standards are critical. GenDrive is powered
by hydrogen, generating only heat and water as byproducts.
Even more so, Prelodis has built its new facility
with no battery room, showing its deep commitment
to hydrogen fuel cell power now and into the future.
As with the enormous value realized by Plug Power's
current customer base, Prelodis will also experience
increased productivity from its electric lift truck
fleet. GenDrive enables the vehicles to maintain full
power for a complete shift, and the need to change
batteries is eliminated. The GenDrive units are refueled
in just a few minutes, compared to the 15 minutes
needed to change a battery.
"Prelodis selected Plug Power's GenDrive fuel cell
solution for its greenfield site in France because
the company appreciates the productivity-enhancing
impact the solution can offer and they fully anticipate
the quick and positive return on investment achieved
through avoiding costs associated with batteries,"
continued Marsh. "Most importantly, Prelodis appreciates
the sustainability advantages to be realized by using
hydrogen-powered fuel cells in the facility's lift
truck vehicles."
Plug Power currently offers a full suite of CE-certified
GenDrive models that meet the specifications and qualifications
of European lift trucks. The Plug Power European sales
team is actively engaged with customers in areas with
high labor costs.
About Plug Power Inc.
The powerhouse in hydrogen fuel cell technology, Plug
Power is revolutionizing the industry with cost-effective
solutions that increase productivity, lower operating
costs and reduce carbon footprint. Its signature solution,
GenKey, provides an all-inclusive package for customers,
incorporating GenFuel hydrogen and fueling infrastructure,
GenCare aftermarket service and either GenDrive or
ReliOn fuel cell systems. GenDrive, a lead-acid battery
replacement, is used in electric lift trucks in high-throughput
material handling applications. With more than 8,500
GenDrive units deployed with material handling customers,
GenDrive has been proven reliable with more than 107
million hours of runtime. Plug Power manufactures
tomorrow's incumbent power solutions today, so customers
can POWERAhead. Additional information about the Plug
Power brands is available at www.plugpower.com.
Plug Power Inc. 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
forecast of financial performance, order bookings,
business model, strategy and growth opportunities.
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 at, 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, ReliOn 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, ReliOn 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.
For additional disclosure regarding these and other
risks faced by PLUG, see disclosures contained in
PLUG's public filings with the Securities and Exchange
Commission (the "SEC"
including, the "Risk Factors" section of PLUG's Annual Report on Form 10-K for the
year ended December 31, 2014. 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.
CONTACT: Media and Investor Relations Contact: Teal
Vivacqua Plug Power Inc. Phone: 518.738.0269
This announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Plug Power Inc. via Globenewswire
HUG#1950947
http://www.plugpower.com/
(END) Dow Jones Newswires
September 10, 2015 07:00 ET (11:00 GMT)
I'm in it to win it!
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'
