Plug Power Ends First Quarter With Over 500 Fuel Cell Orders > Fuel Cell Dispatch

Plug Power Ends First Quarter With Over 500 Fuel Cell Orders

Company Receives Orders From 5 New Customer Sites for GenDrive Products

First GenDrive Product Order From Europe Received

Plug Power Inc., a leader in providing clean, reliable energy solutions, received 534 orders from material handling customers for its GenDrive(R) fuel cell product during the first quarter of 2011, ended March 31. Building off of momentum from the fourth quarter of 2010, where the company received 419 GenDrive orders, this achievement set a new bar for both Plug Power and the hydrogen fuel cell industry; never before has any fuel cell manufacturer closed as many orders in one quarter of business.

Plug Power adds five new customer sites to its growing list of fuel cell adopters. These new sites will receive a mix of class-1 units for sit down counterbalanced trucks, class-2 units for reach trucks and class-3 units for rider pallet jacks. The GenDrive products will power electric lift truck fleets in New York, Massachusetts, Texas and New Jersey. Plug Power also received follow-on orders for additional units from BMW in South Carolina and Bridgestone in Tennessee.

During 2010, Plug Power had been focused on providing its GenDrive product to customers in North America. But during the first quarter of 2011, the company successfully entered the European market with an order for ten GenDrive fuel cell units to be supplied to a customer in France. These GenDrive units, compatible with European-style lift trucks, will power a fleet used to handle a large variety of welding supply components in a distribution and warehousing center.

"Coming off of a tremendously successful year in 2010, our sales team was pushed to not meet, but exceed, the targets put in front of them," said Andy Marsh, CEO at Plug Power. "They accepted this challenge head-on and delivered an extraordinary number of orders. While a success for Plug Power, this is more a reflection of the progressive material handling operations seen globally. Plug Power's customers realize the necessity behind making changes in how they use energy, today, to benefit the perception and utilization of fuel cell energy in the future."

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 Canada, BMW, and FedEx Freight. With more than 1,000 units in the field and over 2 million hours of runtime, Plug Power manufactures tomorrow's incumbent power solutions today. Visit us at www.plugpower.com.