MISSISSAUGA, Ontario, Jan. 8, 2010 (GLOBE NEWSWIRE) -- Hydrogenics Corporation (Nasdaq:HYGS) (TSX:HYG), a leading developer and manufacturer of hydrogen generation and fuel cell products, today announced the award of a contract for the development of a next generation power system to be used for surface mobility applications on the moon. The scope of the contract includes an electrolyzer that produces both hydrogen and oxygen using solar power and a fuel cell system to be used for mobility, auxiliary, and life support systems. Hydrogenics has partnered with MacDonald, Dettwiler and Associates Ltd. (TSX:MDA), an internationally recognized leader in information systems, having provided advanced technology solutions to the Canadian space program for over three decades; Routes AstroEngineering, a leader in space related solar power, instrumentation, and control systems; and the University of Waterloo, known for its electric drivetrain modeling and energy storage optimization expertise.
"Hydrogenics can provide a unique energy solution for next-generation space exploration, leveraging the power of hydrogen in terms of both energy density and storage capability," said Daryl Wilson, Hydrogenics President and CEO. "As we gain market traction with commercial installations across the globe, development contracts such as this help refine and advance our technology -- making hydrogen an even more attractive resource for a multitude of applications in the years to come."
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.