Green Innovations

Developing renewable and clean technology companies in New York

Wednesday, February 3, 2010

Plug Power hits milestones

Upstate New York based Plug Power Inc. (Nasdaq:PLUG), a leader in providing clean, reliable energy solutions just released a report noting progress toward milestones.  According to the report, Plug Power successfully implemented its GenDrive™ fuel cell power units into material handling applications during 2009. Plug Power’s GenDrive solution offers customers an environmentally-conscious alternative to lead-acid batteries as a power source for electric lift trucks, allowing for increased productivity and lowered lifetime operational costs of the operation.

The report also noted that Plug Power also saw success in India during 2009, selling 200 prime power GenSys® units to Wireless TT Info Services Limited (WTTIL), the tower arm of Tata Teleservices Limited (TTSL). Additionally, Plug Power and SFO Technologies signed a five-year manufacturing and supply agreement for the build of Plug Power’s GenSys systems in India.

“Plug Power saw strong market traction in both the material handling and remote prime power markets during 2009. Businesses implemented our solutions to benefit their operations and allow for sustainability targets to be met,” said Plug Power’s CEO, Andy Marsh. “Plug Power remains focused on completing current negotiations with customers. At the same time, we expect to see sales momentum continue to build in 2010 as the value proposition of our GenDrive and GenSys products become more evident in their market spaces.”

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 and continuous power products. The Company is actively engaged with private and public customers in targeted markets throughout the world. For more information:  please visit