LATHAM, N.Y. � May 10, 2007 � Plug Power Inc. (NASDAQ: PLUG) will hold its 2007 Annual Meeting of Stockholders on Thursday, May 17, 2007 at 10 a.m. (EDT). The event, which will include a presentation on the Company's progress to date and the recent acquisitions of Cellex Power Products, Inc. and General Hydrogen Corporation, will take place on the 30th floor of The Reuters Building at Three Times Square (7th Avenue between 42nd and 43rd Streets) in New York City.
The Company will also offer a live audio feed of the annual meeting, which can be accessed by going directly to the Plug Power's Web site at www.plugpower.com and selecting the appropriate link on the home page, or by calling (617) 213-8892 and entering pass code 7584 (PLUG). The audio feed will be archived on Plug Power's Web site for a period following the event.
About Plug Power
Plug Power Inc. (NASDAQ: PLUG), an established leader in the development and deployment of clean, reliable on-site energy products, currently integrates fuel cell technology into backup power products for telecommunications, utility and uninterruptible power supply applications, as well as motive power products for material handling applications. The Company is actively engaged with private and public customers in targeted markets throughout the world, including North America, Europe, the Middle East, Russia, South Africa and South America. For more information about how to join Plug Power's energy revolution as an investor, customer, supplier or strategic partner, please visit www.plugpower.com.
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Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including but not limited to the expected benefits of the Cellex Power and General Hydrogen acquisitions. We believe that it is important to communicate our future expectations to our investors. However, there may be events in the future that we are not able to accurately predict or control and that may cause our actual results to differ materially from the expectations we describe in our forward-looking statements, including, without limitation, the risk that the anticipated synergies of the Cellex Power and General Hydrogen acquisitions are not realized; that unit orders will not ship, be installed and/or convert to revenue, in whole or in part; Plug Power's ability to develop commercially viable on-site energy products; the cost and timing of developing Plug Power's on-site energy products; market acceptance of Plug Power's on-site energy products; Plug Power's ability to manufacture on-site energy products on a large-scale commercial basis; competitive factors, such as price competition and competition from other traditional and alternative energy companies; the cost and availability of components and parts for Plug Power's on-site energy products; Plug Power's ability to establish relationships with third parties with respect to product development, manufacturing, distribution and servicing and the supply of key product components; Plug Power's ability to protect its intellectual property; Plug Power's ability to lower the cost of its on-site energy products and demonstrate their reliability; the cost of complying with current and future governmental regulations; the impact of deregulation and restructuring of the electric utility industry on demand for Plug Power's on-site energy products and other risks and uncertainties discussed under "Item IA-Risk Factors" in Plug Power's annual report on Form 10-K for the fiscal year ended December 31, 2006, filed with the Securities and Exchange Commission ("SEC") on March 16, 2007, and the reports Plug Power files from time to time with the SEC. Plug Power does not intend to and undertakes no duty to update the information contained in this press release.
Media Contact:
Cynthia Mahoney White
Plug Power Inc.
Phone: (518) 782-7700 ext. 1973
Mobile: (518) 527-1172
cynthia_mahoneywhite@plugpower.com
Investor Contact:
Deborah K. Pawlowski
Kei Advisors
Phone: (716) 843-3908
Mobile: (716) 310-3949
dpawlowski@keiadvisors.com