Hydrogenics Corporation (NASDAQ: HYGS; TSX: HYG), a leading developer and manufacturer of hydrogen generation and power system products, announced today that they have been awarded a contract by the High Technology Development Corporation (HTDC), Hawaii Center for Advanced Transportation Technology (HCATT), along with the U.S. Air Force Advanced Power Technology Office (APTO) to develop, fabricate and deliver a 100kW HyPM-OH outdoor containerized hydrogen power system. This system will provide robust and reliable power generation that will enable new stationary power flexibility and achieve energy security capabilities for an Air Force Base in Hawaii. The 100kW system will integrate Hydrogenics power systems, power electronic converters and associated hardware in an outdoor housed container which will be able to supply 100kW of power output for integration into the Joint Military Base at Pearl Harbor-Hickam in Hawaii. We anticipate delivering the system by mid of 2013. “We are extremely pleased with this award” said Daryl Wilson , President and CEO. Hydrogenics “the selection of our solution by the Joint Naval and Air Force Base at Pearl Harbor-Hickam is a strong validation of our ability to deliver world-class technology to meet the critical energy security needs of the US Department of Defense”.
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, China, India, Europe, the US and Canada.
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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