LATHAM, N.Y., Aug. 20, 2008 (GLOBE NEWSWIRE) -- Plug Power Inc. (Nasdaq:PLUG), a leader in providing clean, reliable energy solutions, announced that it has successfully commissioned the first backup power fuel cell for a wireless application in Connecticut. The 5kW GenCore(r) hydrogen fuel cell was purchased by T-Mobile, a national wireless carrier, and will provide proven and reliable backup power for a T-Mobile cell tower in Storrs, Connecticut.
The GenCore installation, located on Connecticut State property at the University of Connecticut campus, was approved by the Connecticut Siting Council ("CSC") as a viable source of backup power for T-Mobile's cell tower. Unique only to Connecticut, the CSC must approve all applications for tower sites in the state.
"This installation serves as a milestone for Plug Power, T-Mobile and the state of Connecticut. With the use of Plug Power's dependable fuel cell, T-Mobile will be able to protect revenue by ensuring uninterrupted service to their subscribers. And the State of Connecticut will benefit from the environmentally friendly, zero-emission solution," said Andy Marsh, Plug Power's president and CEO. "Plug Power applauds the work done by T-Mobile and the CSC to successfully implement fuel cell technology into their infrastructure, driving further commercialization within the industry and in the State of Connecticut, which is already a hub for hydrogen technology."
About Plug Power Inc.
Plug Power Inc. (Nasdaq:PLUG), an established leader in the development and deployment of clean, reliable energy solutions, integrates fuel cell technology into motive, continuous and backup power products. The Company is actively engaged with private and public customers in targeted markets throughout the world. For more information about how to join Plug Power's energy revolution as an investor, customer, supplier or strategic partner, please visit www.plugpower.com.
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This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including but not limited to statements regarding our growth plans. We believe that it is important to communicate our future expectations to our investors. However, there may be events in the future that we are not able to accurately predict or control and that may cause our actual results to differ materially from the expectations we describe in our forward-looking statements, including, without limitation, the risk that the restructuring results in greater restructuring charges or less cost savings; the risk that the FCC does not adopt rules regarding back up power requirements; the risk that unit orders will not ship, be installed and/or convert to revenue, in whole or in part; Plug Power's ability to develop commercially viable energy products; the cost and timing of developing Plug Power's energy products; market acceptance of Plug Power's energy products; Plug Power's ability to manufacture energy products on a large-scale commercial basis; competitive factors, such as price competition and competition from other traditional and alternative energy companies; the cost and availability of components and parts for Plug Power's energy products; Plug Power's ability to establish 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 fuel and fueling infrastructures for Plug Power's energy products; Plug Power's ability to protect its Intellectual Property; Plug Power's ability to lower the cost of its energy products and demonstrate their reliability; the cost of complying with current and future governmental regulations; the impact of deregulation and restructuring of the electric utility industry on demand for Plug Power's energy products; and other risks and uncertainties discussed under "Item IA-Risk Factors" in Plug Power's annual report on Form 10-K for the fiscal year ended December 31, 2007, filed with the Securities and Exchange Commission ("SEC") on March 17, 2008, and the reports Plug Power files from time to time with the SEC. Plug Power does not intend to and undertakes no duty to update the information contained in this communication.