Plug Power to Represent Fastest Growing Fuel Cell Segment at 2018 Ohio Fuel Cell Symposium

CEO Andy Marsh to Speak About Hydrogen Fuel Cell Market, Plug Power’s Success, and the State of Ohio’s Growth as a Fuel Cell Corridor

LATHAM, N.Y., Oct. 02, 2018 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a leading provider of energy solutions that change the way the world moves, today announced that it will participate in the 2018 Ohio Fuel Cell Symposium in North Canton, OH. The event is produced by the Ohio Fuel Cell Coalition, an organization designed to accelerate the region’s leadership in fuel cell technology. Plug Power’s CEO, Andy Marsh, and Vice President of North American Aftermarket Services, Tim Terrill, will present at the Symposium.

The Ohio Fuel Cell Coalition has attracted industry leaders to target economic opportunity within the state to support fuel cell technology businesses. At the Symposium, Marsh will speak about the growth and promise of the hydrogen economy in the logistics sector. From material handling and ground support equipment applications, to long- and short-haul delivery trucks, to autonomous vehicles and drones, Marsh will paint a picture of the hydrogen industry now and in the future.

Terrill, who sits on the Board of the Ohio Fuel Cell Coalition, will present about the rapid pace of hydrogen and fuel cell deployments throughout the state of Ohio. Plug Power’s success in material handling is emphasized in Ohio’s rapidly growing fuel cell corridor.

Both sessions are open to registered forum attendees:

• Date: Wednesday, October 3, 2018
• Andy Marsh Time: 11:10-11:40 AM EDT
• Tim Terrill Time:  12:40 - 1:10 PM EDT
• Location: Stark State College, Business and Entrepreneurial Center
  6200 Frank Ave., NW
  North Canton, OH 44720

In total, Plug Power has commissioned almost 800 units in the state, including a long-standing deployment at Walmart’s Washington Courthouse distribution center. These experiences have allowed for the company’s rapid expansion into the on-road electric vehicle market.

Ohio has quickly become a leading state for fuel cell technology, with strong industry and academic ties to research and development, advanced manufacturing, advanced materials technology, components, and services. In addition, Ohio’s local and national congressional representatives have shown support for the industry enabling the creation of new, clean economy jobs for the State.

About Plug Power Inc.
The architect of modern hydrogen and fuel cell technology, Plug Power is the innovator that has taken hydrogen and fuel cell technology from concept to commercialization. Plug Power has revolutionized the material handling industry with its full-service GenKey solution, which is designed to increase productivity, lower operating costs and reduce carbon footprints in a reliable, cost-effective way. The Company’s GenKey solution couples together all the necessary elements to power, fuel and serve a customer. With proven hydrogen and fuel cell products, Plug Power replaces lead acid batteries to power electric industrial vehicles, such as the lift trucks customers use in their distribution centers. 

Extending its reach into the on-road electric vehicle market, Plug Power’s ProGen platform of modular fuel cell engines empowers OEMs and system integrators to rapidly adopt hydrogen fuel cell technology. ProGen engines are proven today, with thousands in service, supporting some of the most rugged operations in the world. Plug Power is the partner that customers trust to take their businesses into the future. Learn more at 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 expectations regarding growth in Europe, revenue, growth with GenKey customers and its project financing platform. 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 that, 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, GenSure 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, GenSure 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 (the “SEC”). For additional disclosure regarding these and other risks faced by PLUG, see disclosures contained in PLUG's public filings with the SEC including, the "Risk Factors" section of PLUG's Annual Report on Form 10-K for the year ended December 31, 2017. 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.

SOURCE: PLUG POWER

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