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Hydrogenics Awarded Contract to Provide Two Hydrogen Powered Fuel Cell Buses for European Operation Hydrogen Fuel Cells to power buses for daily bus service in North Rhine Westphalia, Germany MISSISSAUGA, ONTARIO--(MARKET WIRE)--Nov 4, 2008 -- Hydrogenics Corporation (Toronto:HYG.TO - News)(NasdaqGM:HYGS - News), a leading
designer and manufacturer of hydrogen electrolyzers and
fuel cell systems, today announced that it was awarded a
contract to deliver two hydrogen powered fuel cell buses
to Vestische Strassenbahnen GmbH, a public transit operator
in the North Rhine Westphalia region of Germany. The buses
are anticipated to be put into service by Vestische in 2009
and provide daily bus service in the German cities of Herten
and Bottrop. Once delivered, Hydrogenics will have placed
a total of nine hydrogen powered fuel cell buses in Europe
including three buses for the HyChain Mini-Trans project.
The project is being supported by the German State of North
Rhine Westphalia and the European Union through the HyChain
Mini-Trans project. "Hydrogen powered fuel cell buses for standard daily transit demonstrate the move of hydrogen into the energy mainstream. When deployed with a hydrogen powered fuel cell, the buses enjoy greater operating distance over a battery only bus, enhanced operating performance and faster refill time compared to a battery-only propulsion vehicle," said Daryl Wilson, President and CEO of Hydrogenics. 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, Europe and Asia. CAUTION REGARDING FORWARD-LOOKING STATEMENTS 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. Contact: Contacts:
Investor Contact:
Hydrogenics Corporation
Lawrence Davis, Chief Financial Officer
(905) 361-3633
Email: investors@hydrogenics.com
Website: http://www.hydrogenics.com
Source: Hydrogenics Corporation
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