|Hydrogenics Delivers Fuel Cell Auxiliary Power Unit|
|TORONTO, Nov. 29 -- Hydrogenics Corporation (Nasdaq: HYGS - News; TSE: HYG - News), a designer and manufacturer of proton exchange membrane (PEM) fuel cell systems, today announced that the Company has delivered a regenerative fuel cell auxiliary power unit (APU) developed under contract by the U.S. Army for deployment and testing on army vehicle platforms.
This initiative with US Army Tank-automotive and Armaments Command (TACOM) in Warren, Michigan, was initiated in response to the military's desire to explore alternative power sources to meet the increasing demands for electrical power to support digital equipment and extended silent watch requirements. As an alternative to the battery systems and diesel generators currently being used by the military, power generated from hydrogen fuel cells offers longer and quieter operation, zero emissions, faster recharge, improved cycle-life, reduced deterioration and better performance in cold weather.
Hydrogenics is one of very few companies that have demonstrated regenerative fuel cell technology -- hydrogen fuel cell systems that are in effect self-fuelling. The PEM electrolyzer module will recharge the hydrogen supply while the vehicle engine is operating. This will supply the hydrogen storage subsystem with sufficient fuel to operate the fuel cell auxiliary power system for up to five hours with a load of 3 kW average, and peak demand of 5 kW. For ease of transportability and deployability, the entire APU is comprised of individual modules for the fuel cell system, electrolyzer, and hydrogen storage. All three modules are unitized into a single, space-efficient package.
Going forward, Hydrogenics and TACOM will undertake a joint evaluation of the system on different vehicle platforms to assess performance, full-cycle characteristics, costs and feasibilities.
Hydrogenics Corporation (www.hydrogenics.com) is a designer and developer of commercial PEM fuel cell systems for transportation, stationary and portable power applications. The Company is a leader in fuel cell balance-of-plant and operating system technology and is applying this extensive knowledge and expertise to the development and manufacture of fuel cell power modules and fully integrated power generators. Hydrogenics' 95,000 ft(2) headquarters and R&D facility is located in Mississauga, Ontario, Canada. The Company also has Asia-Pacific operations in Tokyo, Japan, a facility in upstate New York, and European operations based in Gelsenkirchen, Germany.
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
This release contains forward-looking statements and other statements concerning Hydrogenics objectives and strategies and managements beliefs, plans, estimates and intentions about its achievements, future results, goals, levels of activity, performance, and other future events. Hydrogenics believes the expectations reflected in its forward-looking statements are reasonable, although cannot guarantee achievements, future results, levels of activity, performance, or other future events. These statements are based on the managements current expectations and actual results may differ from these forward-looking statements due to numerous factors. Readers should not place undue reliance on these forward-looking statements. Readers are encouraged to review the section captioned 'Risk Factors' in Hydrogenics regulatory filings with the Canadian securities regulatory authorities and the United States Securities and Exchange Commission, for a more complete discussion of the factors that could affect the foregoing forward-looking statements. 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 cautionary statement.
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