MISSISSAUGA, ONTARIO--(Marketwire - Dec. 12, 2007) - Hydrogenics Corporation (TSX:HYG)(NASDAQ:HYGS), a designer and manufacturer of hydrogen and fuel cell systems, today announced that it has been awarded a contract to supply an onsite HySTAT(R) Hydrogen Station to Ford Motor Company's Fuel Cell Centre, located beside the company's Vehicle Testing Grounds in Dearborn, Michigan.
Built on a modular platform to serve various areas of hydrogen vehicle testing, the HySTAT-30 Hydrogen Station will generate hydrogen by electrolysis, a process involving the splitting of water into high purity hydrogen and oxygen, and then compress the hydrogen to store at 5000 psig. The hydrogen generation (electrolyzer) module will have the capacity to produce 60 kilograms of hydrogen each day and on-site storage as backup.
"Onsite hydrogen stations play a key role in building our future hydrogen infrastructure for a broad range of emerging hydrogen and fuel cell applications," said Daryl Wilson, Hydrogenics President and Chief Executive Officer. "There are several pathways to hydrogen with electrolysis being one of the most reliable, with the capability of integrating with renewables to produce 'on-demand' quantities of hydrogen in a totally clean and sustainable manner."
Hydrogenics has worked together with Ford in the past (as Stuart Energy), including the supply of a hydrogen refueling station at Ford's Proving Grounds in Arizona.
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, Europe and Asia.
CAUTION REGARDING 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 Law of 1995. These statements are based on management's current expectations and actual results may differ from these forward-looking statements due to numerous factors, including changes in the competitive environment adversely affecting the products, markets, revenues or margins of Hydrogenics' business. 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 United States 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. The forward-looking statements contained in this release are expressly qualified by this.
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