Plug Power and Ballard extend supply agreement through 2014

July 15 - Plug Power Inc., a leader in providing clean, reliable energy solutions, and Ballard Power Systems Inc. announced today that the two companies have extended their existing supply agreement, effective immediately, through 2014. Ballard will remain the exclusive supplier of fuel cell stacks for Plug Power's full suite of GenDrive(TM) power units. In addition, Plug Power will become the exclusive systems integrator for Ballard's fuel cell stack into solutions addressing the material handling market in North America. The previous agreement was due to expire December 31, 2010.

With over 85% market share in the material handling space, this agreement will allow Plug Power and Ballard continued leadership as the pre-eminent providers of fuel cell energy products in this industry. This agreement will also help solidify the two company's joint corporate commitment to revolutionize the material handling market with highly productive, clean energy technology.

Ballard has been the exclusive fuel cell stack supplier for Plug Power's GenDrive product line since 2008. GenDrive is a superior power alternative to lead-acid batteries in electric material handling vehicles. Using GenDrive, customers in grocery, retail, warehousing and manufacturing facilities can increase productivity, lower operational costs and decrease greenhouse gas emissions within their operations.

Understanding the value provided by GenDrive, leading material handling organizations have implemented this sustainable power solution in their operations. These customers include Walmart Canada, United Natural Foods, Inc., Sysco Houston, FedEx Freight, Wegmans, and Whole Foods.

"Ballard and Plug Power's technology has been integrated, tested and improved over the lifetime of the GenDrive product to become the world's most reliable fuel cell power solution for the material handling industry," said Andy Marsh, CEO at Plug Power. "This mutual exclusivity positions Ballard and Plug Power as the industry leaders committed to driving commercial activity and growth."

John Sheridan, Ballard's President and CEO, added "We are pleased to extend this supply agreement with Plug Power for Ballard's FCvelocity(R) fuel cell stacks. Our partnership will enable penetration and growth of fuel cell solutions in the North American material handling market, by delivering meaningful productivity gains and a strong value proposition to customers."

About Plug Power Inc.

The architects of modern fuel cell technology, Plug Power revolutionized the industry with cost-effective power solutions that increase productivity, lower operating costs and reduce carbon footprints. Long-standing relationships with industry leaders forged the path for our key accounts, including Walmart, Sysco, Wegmans, Whole Foods, and FedEx Freight. With more than 1,000 units in the field and over 1.5 million hours of runtime, Plug Power manufactures tomorrow's incumbent power solutions today. Visit us at www.plugpower.com.