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Southeast Asia’s First Renewable Hydrogen-Based Energy Storage and Power Plant Awarded to Hydrogenics

Mississauga, Ontario – July 21, 2016 – Hydrogenics Corporation (NASDAQ:HYGS; TSX:HYG) (“Hydrogenics” or the “Company”), a leading developer and manufacturer of hydrogen generation technology and hydrogen fuel cell power modules, today announced that it, along with Phraram 2 Civil Engineering Co., Ltd. (“PCE”), has been awarded the “Lam Takhong Wind Hydrogen Hybrid Project” by the Electricity Generation Authority of Thailand (EGAT). This will be Southeast Asia’s first megawatt-scale project for energy storage; Hydrogenics’ portion is projected to be worth approximately €4.3 million.

The facility, located in the sub-station area of the Lam Takhong Wind Turbine Generation Project, Nakhon Ratchasima Province, Thailand, will consist of Hydrogenics’ ultra-compact 1 MW PEM HyLyzer® electrolyzer, hydrogen storage and a HyPM® fuel cell plant.  PCE, based in Bangkok, will provide the services required to implement the technology supplied by Hydrogenics.

The installation will use the HyLyzer to convert excess electricity from wind to hydrogen during off-peak hours, and this hydrogen will then be used by the HyPM fuel cell plant to generate 300kW of electricity for EGAT’s Learning Center, an energy neutral building, as needed.

“We are pleased to work with the Electricity Generation Authority of Thailand and bring our unique hydrogen technology to this milestone project,” stated Daryl Wilson, Hydrogenics’ CEO and President. “There is great untapped potential for wind and solar energy storage worldwide, and Thailand is leading the path towards sustainability in Southeast Asia. This project once again shows the breadth and depth of Hydrogenics’ energy solutions for a diverse set of applications across the globe.”

About Hydrogenics
Hydrogenics Corporation (www.hydrogenics.com) is a globally recognized developer and provider of hydrogen generation and fuel cell products and services, serving the growing industrial and clean energy markets of today and tomorrow. Based in Mississauga, Ontario, Canada, Hydrogenics has operations in North America and Europe.

Forward-looking Statements
This 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 fuelled 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; and failure to meet continued listing requirements of Nasdaq. 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.

For further information, contact:
Bob Motz, Chief Financial Officer
Hydrogenics Corporation
(905) 361-3660
investors@hydrogenics.com

Chris Witty
Hydrogenics Investor Relations
(646) 438-9385
cwitty@darrowir.com

Hydrogenics Announces Second Quarter Conference Call August 3, 2016

Mississauga, Ontario – July 20, 2016 – 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 the Company will host a conference call at 10:00 a.m. Eastern on August 3, 2016 to review the fiscal second quarter ended June 30, 2016. Earnings will be issued before the market opens, and the filing of the Company’s results with the appropriate regulatory bodies will follow.

During the earnings call, Daryl Wilson, President and Chief Executive Officer, and Bob Motz, Chief Financial Officer, will review the Company’s second quarter financial results. The telephone number for the earnings conference call is 877-307-1373 or, for international callers, 678-224-7873. A live webcast of the call will be available on the Company’s website.

About Hydrogenics
Hydrogenics 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, China, India, Europe, the US and Canada.

Hydrogenics Contacts:

Chris Witty
Hydrogenics Investor Relations
(646) 438-9385
cwitty@darrowir.com

Bob Motz, Chief Financial Officer
Hydrogenics Corporation
(905) 361-3660
investors@hydrogenics.com

Hydrogenics Signs Development Agreement with Chinese Partner

Moves into Volume Manufacturing of Fuel Cell Systems for World Class Vehicle OEMs

Mississauga, Ontario – June 8, 2016 – Hydrogenics Corporation (NASDAQ:HYGS; TSX:HYG)  a leading developer and manufacturer of hydrogen generation technology and hydrogen fuel cell power modules, today announced that it has entered into a strategic partnership agreement with SinoHytec, a vehicle propulsion technology company based in Beijing, for the delivery of fuel cells in China. The agreement consists of fuel cell power module co-development and the supply of power systems specifically designed for the Chinese market. The power systems will be integrated into buses and trucks from several leading vehicle manufacturers in China during 2016 and 2017, and the total value of the contract is approximately $13.5 million.

Over the past few years Hydrogenics has supplied multiple fuel cell systems to SinoHytec for vehicle prototypes, including buses and trucks for various Chinese OEMs. These manufacturers are moving forward with fuel cell mobility programs with SinoHytec as its chosen system integrator.

Hydrogenics’ CEO, Daryl Wilson, said, “China’s strong commitment and leadership in tackling air quality continues to drive interest in hydrogen zero-emission transportation for its leading cities today. Hydrogenics is the clear choice for this initiative due to the compelling and unique advantage that our fuel cell technology brings versus the competition, and Hydrogenics is the only ‘one stop shop’ providing the full scope of applications needed to meet China’s  requirements – from Power-to-Gas energy storage to fueling stations and vehicle propulsion systems. Hydrogenics is dedicated to helping customers accelerate their shift to a cleaner, smarter form of power.”

SinoHytec’s VP of Sales and Marketing, Min Yu, stated, “We have worked with Hydrogenics for several years now and thoroughly assessed their technology advantages. SinoHytec also understands the Chinese fuel cell mobility customers’ requirements. Through a strong co-development effort, SinoHytec and Hydrogenics can deliver a new commercial fuel cell power system product especially designed for our valued customers in China.”

These awards follow the November 2015 announcement that Hydrogenics had signed separate supply agreements with several Chinese electric vehicle integrators to bring its fuel cell and fueling station technology to China as part of the country’s strategy to solve prevalent air quality issues. The deals cover more than 2,000 vehicles over the course of the next 3-5 years. Staged rollouts will follow typical engineering milestones from prototyping, manufacturing, vehicle certification and infrastructure build-out. Based on Chinese proposals, vehicle fuel cell requirements alone over a five year period are forecast to be above $100 million.

About Hydrogenics
Hydrogenics Corporation (www.hydrogenics.com) is a globally recognized developer and provider of hydrogen generation and fuel cell products and services, serving the growing industrial and clean energy markets of today and tomorrow. Based in Mississauga, Ontario, Canada, Hydrogenics has operations in North America and Europe.

Forward-looking Statements
This 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 fuelled 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; and failure to meet continued listing requirements of Nasdaq. 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.

For further information, contact:
Bob Motz, Chief Financial Officer
Hydrogenics Corporation
(905) 361-3660
investors@hydrogenics.com

Chris Witty
Hydrogenics Investor Relations
(646) 438-9385
cwitty@darrowir.com

Visit Hydrogenics at WHEC 2016: Booth #26

Hydrogenics will be exhibiting at the 21st World Hydrogen Energy Conference (WHEC) in Zaragoza Spain from June 13 – June 16, 2016. WHEC is a highly recognized conference in the hydrogen and fuel cell community, dedicating to promoting the widespread deployment of hydrogen technology.

Be sure to visit Hydrogenics at Booth #26 to meet our team and learn how we can help you shift power to a cleaner energy future!

You can also join our team as they discuss the solutions Hydrogenics has to offer at various events throughout the show:

Monday June 13 at 17:00: Mr. Jan Vaes, Technology Director, presenting “PEM Water Electrolysis for Renewable Energy Integration: The Don Quichote Project Case”

Tuesday June 14 at 14:10: Mr. Denis Thomas, Business Development Manager, presenting “A Power-to-Gas Roadmap for Flanders”

Wednesday June 15 at 8.30: Mr. Filip Smeets, General Manager, keynote speaker at “Plenary Session 3: Hydrogen Storage and Power-to-Gas”

Wednesday June 15 at 14:10: Mr. Martin Troeger, Business Development Manager, presenting “Fuel Cells for Heavy Duty Applications”

Wednesday June 15 at 17:00: Mr. Filip Smeets, General Manager, presenting “Alkaline vs. PEM Electrolyzers: Lessons learnt from Falkenhagen and WindGas Hamburg”

Hydrogenics is a global leader in designing, developing and manufacturing hydrogen generation, energy storage and fuel cell products based on water electrolysis and proton exchange membrane (PEM) technology. With over 60 years of experience, Hydrogenics helps customers shift to a cleaner energy future by providing safe, sustainable and emission-free hydrogen technologies needed to serve the growing industrial and clean energy markets of today and tomorrow.

Hydrogenics takes delivery of Toyota’s first hydrogen powered car (Mirai) in Belgium

Hydrogenics Corporation (NASDAQ:HYGS; TSX:HYG),  a leading developer and manufacturer of hydrogen generation technology and hydrogen fuel cell power modules is proud to be the very first customer in Belgium to take ownership of the Toyota Mirai. The Mirai, which means “future” in Japanese, is an electric car powered by hydrogen and is Toyota’s first hydrogen fuel cell car. 

David Willems (left), Marketing Director Toyota Belgium delivers the Toyota Mirai to Filip Smeets (right), Managing Director Hydrogenics Belgium David Willems (left), Marketing Director Toyota Belgium delivers the Toyota Mirai to Filip Smeets (right), Managing Director Hydrogenics Belgium

David Willems (left), Marketing Director Toyota Belgium delivers the Toyota Mirai to Filip Smeets (right), Managing Director Hydrogenics Belgium 

After receiving the keys to the Mirai, Filip Smeets, Managing Director of Hydrogenics  Europe commented: ”As a pioneering company in the field of renewable hydrogen, we are delighted to be the first customer of the Toyota Mirai in Belgium. We are convinced that hydrogen mobility will become the most attractive green mobility option, thanks to an extended driving range and short refueling time. We are now actively preparing the hydrogen refueling infrastructure to ensure people can easily refuel their hydrogen cars in Belgium and all across Europe. We aim to inspire others to also take actions to help mitigate the impact of climate change.”

The Mirai, Toyota’s first hydrogen fuel cell car

The Mirai, Toyota’s first hydrogen fuel cell car

Toyota has been engaged in the research and development of automotive hydrogen fuel cell technology for over 20 years. The result of this hard work is the Toyota Mirai, a remarkable zero emission car with a driving range of up to 550km that can be refueled in 3 to 5 minutes. Toyota started commercializing the Mirai in 2015 and to date has delivered its car in Japan, California, Germany, UK and Denmark. Toyota is now continuing its hydrogen expansion in Belgium, just after the opening of the first public hydrogen refueling station in Zaventem in April 2016: http://blog.toyota.eu/green/belgium-is-connecting-to-the-growing-european-hydrogen-station-network-with-1st-public-station-in-zaventem/
The Flemish government has confirmed its’ support to open 20 public hydrogen refueling stations in Flanders by 2020, which would be sufficient to offer a hydrogen refueling station to everyone in Flanders within a radius of 25 km. Like battery electric cars, hydrogen fuel cell vehicles are exempt from registration fees and traffic tax in Flanders. 

Bart Tommelein, Vice-Minister President of the Flemish Region and Flemish Minister in charge of Finance, Budget and Energy has declared: “Green cars are the future. They ensure a decrease of fine particles’ concentration and improve air quality for us, our children and the future generations. Hydrogen cars play here a determining role. The advantages are the absence of emissions, except harmless water vapor as by-product! They are therefore more respectful of the environment than a diesel or gasoline car. This is the reason why the Flemish Government encourages the buying of green cars. The delivery of this first hydrogen Mirai model by Toyota to Hydrogenics is a new step in the renewal of our automotive park in a more ecologic perspective”. 

During a small ceremony that followed the delivery of the Mirai to Hydrogenics, David Willems, Marketing Director from Toyota Belgium said: “We are pleased to deliver the first Mirai in Belgium to Hydrogenics, a leader in hydrogen technology. We believe hydrogen is an excellent answer to the key environmental challenges we are facing today, such as climate change, air quality and energy security. Toyota has made a clear commitment to reduce the CO2 emissions of its new vehicles by 90% before 2050. We believe hydrogen fuel cell vehicles will be essential to achieve our ambitious targets.”

More information on the Toyota Mirai: 
http://press.toyota.be/dossier-de-presse-toyota-mirai#

Functioning of a hydrogen fuel cell vehicle: 
https://www.youtube.com/watch?v=LSxPkyZOU7E&list=PL86gaA2f5giMk4cSjXDI1p3MzOYnJIV3j&index=2

About Hydrogenics
Hydrogenics Corporation (www.hydrogenics.com) 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 Belgium, Germany and Canada and service centers in Russia, China, India, Europe, the US and Canada.

About Toyota
Toyota is one of the three largest car manufacturers worldwide and is responsible for the Toyota and Lexus brands. Toyota expects reducing the carbon footprint of its sold vehicles by 90% before 2050 and is market leader for hybrid cars. In Belgium, Toyota employs directly 4750 people.  

For more information, please contact :

Denis Thomas – Renewable Hydrogen, EU Regulatory Affairs & Business Development Manager, Hydrogenics Europe NV : +32-479.909.129 : dthomas@hydrogenics.com

Hydrogenics Announces Upcoming Investor Events

Mississauga, Ontario – May 25, 2016 – 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 the Company will participate in the following investor events during June, 2016:

• June 1: 13th Annual Craig-Hallum Institutional Investor Conference in Minneapolis
• June 1: Cowen Conference & Clean Technology Forum in New York
• June 21: Roth Capital 2nd Annual Cleantech Day in London

Institutional investors are welcome to attend and meet with management. To view related conference materials and webcasts, if available, please visit www.hydrogenics.com.

About Hydrogenics
Hydrogenics Corporation is a world leader in engineering and building the technologies required to enable the acceleration of a global power shift to hydrogen. 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 centres in Russia, Europe, the US and Canada.

Company Contacts:
Chris Witty
Hydrogenics Investor Relations
646-438-9385
cwitty@darrowir.com

Hydrogenics Announces First Quarter Conference Call and Annual Meeting on May 11, 2016

Mississauga, Ontario – April 25, 2016 – 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 the Company will host a conference call at 1:00 p.m. Eastern on May 11, 2016 to review the fiscal first quarter ended March 31, 2016, following the Company’s Annual Shareholder Meeting at 10 a.m. that same day. Earnings will be issued before the market opens, and the filing of the company’s results with the appropriate regulatory bodies will follow.
The Annual Meeting will take place at Hydrogenics’ corporate headquarters, at 220 Admiral Boulevard, Mississauga, Ontario.
During the earnings call, at 1:00 p.m., Daryl Wilson, President and Chief Executive Officer, and Bob Motz, Chief Financial Officer, will review the company’s first quarter financial results. The telephone number for the earnings conference call is 877-307-1373 or, for international callers, 678-224-7873. A live webcast of the call will be available on the Company’s website.

About Hydrogenics
Hydrogenics 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, China, India, Europe, the US and Canada.

Hydrogenics Contacts:
Chris Witty
Hydrogenics Investor Relations
(646) 438-9385
cwitty@darrowir.com

Bob Motz, Chief Financial Officer
Hydrogenics Corporation
(905) 361-3660
investors@hydrogenics.com

Hydrogenics Recognized at PwC Canada’s 2016 Vision to Reality Innovator of the Year Awards

Mississauga, Ontario – April 15, 2016 – Hydrogenics Corporation (NASDAQ:HYGS; TSX:HYG), a leading developer and manufacturer of hydrogen generation and hydrogen-based power modules, is pleased to announce that it has been named Innovator of the Year in the Builder (mid-market) category of PwC Canada’s 2016 Vision to Reality Awards. This program recognizes outstanding Canadian companies that are leading the way in innovation, committed to creating and inspiring change and pushing boundaries to reshape their industry.

Applications were open to companies who demonstrated an innovative idea with a proven industry impact. An independent panel of judges comprised of prominent members of the business community with the experience to recognize and assess innovative companies deliberated to identify the winners.

Hydrogenics’ President & CEO Daryl Wilson said “We are proud to be a recipient of the Vision to Reality Innovator of the Year Award. Our PEM electrolyzer, the world’s most compact high-powered megawatt electrolyzer, is just one example of how we have developed our proprietary Canadian know-how to serve a growing global need. Our culture of innovation and teamwork is a driving factor in our world-leading technologies that help our customers shift power towards a greener, more sustainable energy future.”

About Hydrogenics
Hydrogenics Corporation (www.hydrogenics.com) 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, China, India, Europe, the US and Canada.

Forward-looking Statements
This 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 fuelled 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; and failure to meet continued listing requirements of Nasdaq. 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.

For further information, contact:
Bob Motz, Chief Financial Officer
Hydrogenics Corporation
(905) 361-3660
investors@hydrogenics.com

Chris Witty
Hydrogenics Investor Relations
(646) 438-9385
cwitty@darrowir.com

Daryl Wilson on CBC’s The Exchange

Hydrogenics President & CEO, Daryl Wilson, speaks to host Dianne Buckner on CBC’s The Exchange about hydrogen vehicles and the role that Hydrogenics is playing to help companies shift power. In his interview Mr. Wilson states, “We’ve reached the launch point where the costs are aligned, the performance of the technology is aligned and as we scale and enjoy the economies of scale in this industry, we actually can now go big”.

Watch the full interview here: https://twitter.com/ExchangeCBC/status/718395194257711104

About Hydrogenics
Hydrogenics 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. 

Come and visit Hydrogenics at Hannover Messe 2016: Hall 27, Booth C65

Hydrogenics will be present at Europe’s largest hydrogen and fuel cell exhibition, Hannover Messe from April 25 – April 29, 2016. Be sure to visit us in Hall 27, Booth C65 to see our latest technology, meet our team and learn how we can help you shift power to a cleaner energy future!

You can also join our team as they discuss the solutions Hydrogenics has to offer at various events throughout the show:

Monday April 25 at 14:40: Mark Kammerer, Business Development Manager, presenting “Latest developments in fuel cells for commercial heavy duty mobility at Hydrogenics” in the Public Forum

Tuesday April 26 at 15:00: Denis Thomas, Business Development Manager, part of the panel “Elevator Pitch: Electrolyzers” in the Technical Forum

Wednesday April 27 at 16:40: Roel de Maeyer, Director Sales & Marketing, presenting “Large scale electrolysis for Power to Gas for large fleet refueling” in the Public Forum

Hydrogenics is a global provider of hydrogen power systems and water electrolysis products and services. We deliver on-site hydrogen generators to industrial customers and developers of hydrogen fueling stations, and are scaling this technology for Power-to-Gas energy storage applications. We also work with leading OEMs and governments to design and build vehicle propulsion systems as well as backup power systems.

2015_Logo_C66_HFB_360x67px_CMYK

Hydrogenics to Present at the Roth Capital Conference on March 15, 2016

Mississauga, Ontario – February 29, 2016 – Hydrogenics Corporation (NASDAQ: HYGS; TSX: HYG), a leading developer and manufacturer of hydrogen generation and hydrogen-based power modules, today announced that it will present at the 28th Annual Roth Capital Conference on Tuesday, March 15, 2016 in Dana Point, California. Management will review the Company’s operations and growth strategy at 3:00 p.m. Pacific Time.
A live audio webcast of the Company’s presentation will be accessible via the Hydrogenics website. To hear the presentation and view related materials, please visit the website at www.hydrogenics.com. A replay will be available for ninety days.

About Hydrogenics
Hydrogenics 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, China, India, Europe, the US and Canada.

Company Contacts:
Chris Witty
Hydrogenics Investor Relations
646-438-9385
cwitty@darrowir.com

Hydrogenics Announces Fourth Quarter and Year End Conference Call on March 9, 2016

Mississauga, Ontario – February 24, 2016 – 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 the Company will host a conference call at 10:00 a.m. Eastern on March 9, 2016 to review the fiscal fourth quarter and twelve months ended December 31, 2015. Earnings will be issued before the market opens, and the filing of the Company’s results with the appropriate regulatory bodies will follow.
During the earnings call Daryl Wilson, President and Chief Executive Officer, and Bob Motz, Chief Financial Officer, will review the Company’s financial results. The telephone number for the earnings conference call is 877-307-1373 or, for international callers, 678-224-7873. A live webcast of the call will be available on the Company’s website.

About Hydrogenics
Hydrogenics 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.

Hydrogenics Contacts:
Chris Witty
Hydrogenics Investor Relations
(646) 438-9385
cwitty@darrowir.com

Bob Motz, Chief Financial Officer
Hydrogenics Corporation
(905) 361-3660
investors@hydrogenics.com

Hydrogenics Selected to Join €15 Million Power-to-Gas Project

Will Deliver 1MW PEM Electrolyzer to Denmark

Mississauga, Ontario – February 23, 2016 – Hydrogenics Corporation (NASDAQ:HYGS; TSX:HYG),  a leading developer and manufacturer of hydrogen generation technology and hydrogen fuel cell power modules, today announced that it has been selected to join a consortium of European companies, including Air Liquide, for a €15 million Power-to-Gas demonstration project in Denmark named HyBalance. The budget of the project is more than € 15 million and is supported by the European Fuel Cells and Hydrogen Joint Undertaking as well as the Danish ForskEL program, administered by Energinet.dk.

The HyBalance project will validate the highly dynamic PEM electrolysis technology and innovative hydrogen delivery processes involved but also demonstrate these in a real industrial environment by applying the latest hydrogen production and delivery equipment. The HyBalance setting is unique in demonstrating the multiple applications of Power-to-Gas technologies, including how hydrogen can be used in multiple high value markets such as industry and clean transportation, and the project will provide business models for these applications.

The EU has made a commitment to a forward-looking climate policy to decarbonize the economy and promote energy security. Until recently, the focus has been on renewable generation and conservation; now the mandate has been broadened to include all energy sectors. However, decarbonizing the transport and industrial energy sectors is more challenging due to the limitations of biomass sources. Power-to-Gas applications provide the means to convert renewable electricity into hydrogen and, in so doing, supply an abundant source of renewable fuel for transportation and industrial applications.

Hydrogenics’ PEM electrolysis technology will be deployed at the project site in Hobro, Denmark to produce hydrogen from excess wind-generated energy; the 1MW PEM electrolyzer will also enable grid balancing services. The hydrogen will then be stored and transported either by pipeline for industrial applications or by advanced, high pressure trailers and used in fueling applications in Denmark.

Hydrogenics CEO, Daryl Wilson, stated, “We are thrilled to bring our world-leading PEM electrolysis technology to this important project. HyBalance will provide a unique opportunity to help the EU achieve its goals to reduce fossil fuel dependency, while still meeting demand for total renewable electricity. This plant will be designed to provide both grid balancing services and hydrogen for industry and transport. We are pleased to work with such world-class partners and in the country of Denmark, where decentralized, clean renewable electricity is a normal way of life.”

In Europe, Hydrogenics has deployed Power-to-Gas systems capable of storing over 100 MW-hours of energy every day.

Hydrogenics equipment will be built and delivered in 2016, with start of operations for HyBalance expected in late 2017.

Link to joint project press release:
http://hydrogenvalley.dk/GB.aspx?accb0da0bb1511df851a0800200c9a67=1&newsid=4162

About Hydrogenics
Hydrogenics Corporation (www.hydrogenics.com) is a globally recognized developer and provider of hydrogen generation and fuel cell products and services, serving the growing industrial and clean energy markets of today and tomorrow. Based in Mississauga, Ontario, Canada, Hydrogenics has operations in North America and Europe.

Forward-looking Statements
This 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 fuelled 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; and failure to meet continued listing requirements of Nasdaq. 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.

For further information, contact:
Bob Motz, Chief Financial Officer
Hydrogenics Corporation
(905) 361-3660
investors@hydrogenics.com

Chris Witty
Hydrogenics Investor Relations
(646) 438-9385
cwitty@darrowir.com

Hydrogenics Announces Board of Directors Appointment

Mississauga, Ontario – January 19, 2016 – Hydrogenics Corporation (NASDAQ: HYGS; TSX: HYG), a leading developer and manufacturer of hydrogen generation and hydrogen-based power modules, announced that Sara Elford has been appointed to the Hydrogenics Board of Directors, effective immediately.

Ms. Elford has worked in the capital markets industry for over twenty years. After a brief period in New York City, she returned to Canada and became a sell-side equity research analyst in 1995 and continued in such capacity – including 17 years at Canaccord Genuity – until July 2015. Over the course of her analyst career, Ms. Elford followed a broad range of industries and business models, with a specific, but not exclusive, focus on emerging companies, technologies and/or sectors. According to Thomson Reuters Starmine, she was named in the top two for stock picking in her sector six times since 2003, and in 2005 she was named the top stock picker in Canada across all sectors and analysts.

Ms. Elford has been a CFA Charterholder since 1997 and completed the academic requirements for the directors’ education program with the ICD in 2015. She is currently a member of the FTSE Environmental Markets Committee and is also a member of the Board of Directors of Carmanah Technologies and Pure Technologies. She is a graduate of Bishop’s University in Quebec.

“We are very pleased to welcome Sara to the Board at Hydrogenics,” said Doug Alexander, Chairman. “Sara’s indepth knowledge of emerging and growth companies in the technology sector will prove invaluable to Hydrogenics as we execute on our growth strategy in 2016 and beyond.”

About Hydrogenics
Hydrogenics Corporation (www.hydrogenics.com) is a globally recognized developer and provider of hydrogen generation and fuel cell products and services, serving the growing industrial and clean energy markets of today and tomorrow. Based in Mississauga, Ontario, Canada, Hydrogenics has operations in North America and Europe.

Forward-looking Statements
This 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 fuelled 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; and failure to meet continued listing requirements of Nasdaq. 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.

For further information, contact:
Bob Motz
Chief Financial Officer
(905) 361-3660
investors@hydrogenics.com

Chris Witty
Hydrogenics Investor Relations
(646) 438-9385
cwitty@darrowir.com

Hydrogenics Announces Closing of Underwritten Public Offering and Full Exercise of Over-Allotment Option

Mississauga, Ontario – December 16, 2015 – Hydrogenics Corporation (NASDAQ: HYGS; TSX: HYG) (the “Company”) today announced that it has successfully completed its previously announced underwritten public offering of 2,448,385 common shares (the “Offering”) at a price of $7.75 per share, which includes 319,354 common shares issued pursuant to the over-allotment option granted to the underwriters, which was exercised in full. After deducting the underwriter discount and commissions, the Company received proceeds before expenses of $17,883,922.

The Company intends to use its net proceeds from the Offering primarily for general corporate purposes, including to support any negative cash flows from operating activities.

Craig-Hallum Capital Group LLC acted as sole book-running manager for the Offering.  Roth Capital Partners acted as co-manager for the Offering.
The Offering was conducted pursuant to the Company’s effective shelf registration statement on Form F-10 filed with the U.S. Securities and Exchange Commission (the “SEC”). The offering was made only by means of a preliminary prospectus supplement, a final prospectus supplement and the accompanying short form base shelf prospectus. Copies of the preliminary prospectus supplement, the final prospectus supplement and the accompanying short form base shelf prospectus may be obtained from Craig-Hallum Capital Group, 222 South Ninth Street, Suite 350, Minneapolis, MN 55402, telephone 612-334-6300, email: prospectus@chlm.com. Electronic copies of the preliminary prospectus supplement, the final prospectus supplement and the accompanying short form base shelf prospectus will also be available free of charge on the SEC’s website at www.sec.gov.
The common shares in the Offering are not qualified for sale under the securities laws of Canada or any province or territory of Canada and are not being offered for sale in Canada or to any resident of Canada. The Company relied on the exemption set forth in Section 602.1 of the Company Manual of the TSX which exemption provides that the TSX will not apply certain of its standards to eligible interlisted issuers.
This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About Hydrogenics
Hydrogenics 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 centres in Russia, Europe, the US and Canada.

Forward-looking Statements
This 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 fuelled 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.

Investor Contacts:
Bob Motz, Chief Financial Officer
(905) 361-3660
investors@hydrogenics.com

Chris Witty
Hydrogenics Investor Relations
(646) 438-9385
cwitty@darrowir.com