MISSISSAUGA, Ontario, Dec. 10, 2009 (GLOBE NEWSWIRE) -- Hydrogenics Corporation (Nasdaq:HYGS) (TSX:HYG), a leading developer and manufacturer of hydrogen generation and fuel cell products, today announced that the Company has been awarded a contract for one of its HySTAT-30 electrolyzers to be used at a fueling station in Los Angeles, California. The fueling station will serve vehicles as part of California's "Hydrogen Highway" initiative; Hydrogenics had previously supplied an electrolyzer-based hydrogen generation system to Shell Hydrogen LLC for a similar fueling station on Santa Monica Boulevard in West Los Angeles.
"California's Hydrogen Highway network is meant to support the increasing number of zero emission vehicles that will be available over the coming years," said Daryl Wilson, President and CEO. "A large, reliable fueling infrastructure is critical to the mass adoption of alternative energy vehicles, and Hydrogenics is well positioned for the requisite hydrogen generation. By 2017, the State of California estimates that 50 to 100 retail hydrogen stations will be necessary to meet the demand created by both automotive and bus deployments. Hydrogenics will continue to seek out opportunities for our unique technologies to assist in this rapid growth."
For more information about the California Hydrogen Highway Network, please visit www.HydrogenHighway.ca.gov.
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.
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.