MISSISSAUGA, ONTARIO--(CCNMatthews - Jan. 20, 2006) -
Standards expertise and temperature durability key to sale
Hydrogenics Corporation (TSX:HYG)(NASDAQ:HYGS), a designer and manufacturer of hydrogen and fuel cell systems, announced today that the company has supplied an onsite electrolysis-based HySTAT-A Hydrogen Plant to OAO NSCHK, a state-owned utility in Novorsibirsk, Russia.
The high-purity hydrogen produced by the 240Nm3/hr hydrogen generator will be used in the chemical processes used in this nuclear power plant. Installation and commissioning is scheduled for Spring, 2006.
"This installation in Siberia needed a hydrogen generator that could function in the most severe weather conditions. Our HySTAT unit will operate in temperatures as low as - 40 degrees C," said Pierre Rivard, Hydrogenics President and Chief Executive Officer. "Hydrogenics is one of a few suppliers that can provide a hydrogen generator that meets specific Russian standards and our experience with global codes and standards played a major role in this sale."
OAO NSCHK chose a Hydrogenics HySTAT-A Hydrogen Plant in an outdoor housing instead of investing the time to obtain the approvals necessary for constructing their own hydrogen plant facility. The HySTAT-A is fully automated with remote control and can produce both hydrogen and oxygen on a continuous basis, with the production rate meeting real-time process requirements. The generator is designed to operate within an ambient temperature range of + 40 degrees C to - 40 degrees C.
Hydrogenics Corporation (www.hydrogenics.com) is a leading global developer of clean energy solutions, advancing the Hydrogen Economy by commercializing hydrogen and fuel cell products. The company has a portfolio of products and capabilities serving the hydrogen and energy markets of today and tomorrow. Hydrogenics, based in Mississauga, Ontario, Canada, 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Lawrence Davis, Chief Financial Officer
Hydrogenics OnSite Generation
Bart Van Ouytsel
(32) 14 46 21 10