LATHAM, N.Y., April 04, 2016 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a leader in providing clean, reliable energy solutions, today announced it will exhibit and host a press conference at MODEX 2016, happening now through April 7, 2016 at the Georgia World Congress Center in Atlanta.
The company recently debuted its new “Infinite Drive” branding, which includes a new logo, color scheme, website and the rebranding of its GenSure stationary fuel cell products (formerly ReliOn); all to communicate its leadership, ingenuity and innovative spirit. The rebranding effort was initiated to better align Plug Power with its leadership status providing hydrogen and fuel cell solutions to the material handling industry. At the heart of everything Plug Power has accomplished is the “Infinite Drive” to revolutionize the future of the hydrogen fuel cell industry and build a company that will change the way the material handling industry moves.
The press conference will take place Tuesday, April 5 at 10:15 a.m. local time at the Plug Power booth #1023. Plug Power CEO, Andy Marsh, will speak about the company’s new brand and its leadership in hydrogen solutions for the material handling industry. At the press conference, Andy will take questions from the audience.
Also at the press conference, Plug Power will debut a new class-3 pallet jack GenDrive 3340 fuel cell, which represents the fourth generation of the power-product and is built to even further increase performance of the fuel cell system. The intelligent fuel cell is able to share its operational health information with Plug Power so that the company can provide preventative and rapid-response onsite service to minimize downtime and maximize efficiency at customer sites.
Throughout the show, attendees will be able to see the new GenDrive 3340 fuel cell and they will be able to simulate a refueling from a GenFuel hydrogen dispenser.
"For years, Plug Power has fulfilled on its promise to customers that our hydrogen and fuel cell solutions will help them make one of their most crucial business operations more efficient, more reliable, more economical, and more sustainable," said Andy Marsh, CEO at Plug Power. "Our new brand shows our infinite drive towards sustainability and innovation within the material handling industry. We’re excited to showcase our story to press conference and booth attendees at MODEX.”
MODEX 2016 will provide attendees access to the latest manufacturing and supply chain equipment and technologies. Over 800 exhibitors from industry, commerce and government will display their supply chain solutions and innovations on the 250,000 square foot show floor.
For more information on Plug Power and its solutions, visit http://www.plugpower.com/.
About Plug Power Inc.
The architects of modern hydrogen and fuel cell technology, Plug Power has revolutionized the industry with its simple GenKey solution, elements which are designed to increase productivity, lower operating costs and reduce carbon footprints in a reliable, cost-effective way. Plug Power’s GenKey solution couples together all the necessary elements to power, fuel and service a customer. Plug Power is the partner that customers trust to take their businesses into the future. For more information about Plug Power, visit www.plugpower.com.
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 2016 objectives, including goals relating to revenue, sales, booking, gross margin and GenKey and GenFuel installations 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, 2015. 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.