MISSISSAUGA, Ontario, March 25, 2010 (GLOBE NEWSWIRE) -- Hydrogenics Corporation (Nasdaq:HYGSD) (TSX:HYG) ("Hydrogenics" or the "Company"), a leading developer and manufacturer of hydrogen generation and fuel cell products, today announced that the company has been awarded a contract for two HySTAT-60 electrolyzers by The Linde Group (Frankfurt:LIN) for installation as part of a fueling station in HafenCity, Hamburg. The fueling station will be integrated and managed by Vattenfall, the Swedish power conglomerate and one of Europe's leading energy producers. In Germany, Vattenfall is the third-largest producer of electricity, serving the states of Hamburg, Mecklenburg-Vorpommern, Brandenburg, Berlin, Saxony-Anhalt, Thuringia, and Saxony.
The HafenCity fueling station is expected to supply hydrogen for both cars and buses, including the new Mercedes Citaro zero-emission fuel cell bus. The project is part of the Clean Energy Partnership in Hamburg and Berlin, supported by the German government as part of the National Innovation Program for hydrogen and fuel cell technology. The Hydrogenics HySTAT-60 units will, combined, produce about 260 kilograms of fuel daily, and Linde will supplement this capacity with delivered hydrogen as needed. Commissioning of the completed station, in a redesigned industrial park within the city center, is expected in 2011. Additional information on HafenCity can be found at http://en.hafencity.com.
"This most recent award continues to highlight Hydrogenics' key role in supporting Germany's ambitious hydrogen vision," said Daryl Wilson, President and CEO. "Hydrogenics is one of the largest suppliers of hydrogen fueling stations, with over 35 facilities across the globe, and we are proud to play a part in Germany's strategy to build the infrastructure – including hundreds of stations – necessary for a cleaner, more fuel-efficient economy. This contract is indicative of the many opportunities currently being pursued in Europe and elsewhere, as the benefits of hydrogen gain greater acceptance worldwide."
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.