Rochester,NY 6/27/2009 1:42:25 AM
PLUG,Department of Defense Purchases 19 GenDrive Power Units From Plug Power
Plug Power Inc
AfterNoon Movers - PLUG - Department of Defense Purchases 19 GenDrive Power Units From Plug Power- Sourced WhisperFromWallStreet.com
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Plug Power Inc.PLUG
After Hours: 0.84 Up 0.04 (4.99%) 2:36pm ET
Plug Power Inc. (Nasdaq:PLUG - News), a leader in providing clean, reliable energy solutions, today announced it has been selected to provide 19 class 1 GenDrive fuel cell power units and two years of managed services for a demonstration project funded by the Department of Defense (DoD). Plug Power's GenDrive units will be commissioned at the U.S. Army's Forces Command in Fort Lewis, Washington where they will power a fleet of sit-down counterbalanced lift trucks.
The two-year project will study and assess the use of wastewater treatment plant digester gas as a hydrogen source for fuel cells. The hydrogen created will power the fuel cell forklifts used for heavy maintenance work at Fort Lewis.
About
Plug Power Inc., a development stage company, engages in the design, development, and manufacture of fuel cell systems for industrial-motive and stationary power markets worldwide. It focuses on proton exchange membrane (PEM), fuel cell, and fuel processing technologies, as well as on fuel cell/battery hybrid technologies. The company offers GenDrive, a hydrogen fueled PEM fuel cell system to provide power to industrial vehicles; and GenSys, a natural gas or liquid petroleum gas fueled continuous power system, as well as a high-temperature polybenzimidazole combined heat and power fuel cell system for light commercial and residential applications. It also provides manufacturing and sales support to its GenCore product, which is a hydrogen fueled PEM fuel cell system to provide back-up power to businesses and governments in critical infrastructure, as well as develops technology in support of the automotive fuel cell market. The company sells its products through its direct sales force, as well as original equipment manufacturers and their dealer networks to business, industrial, and government customers.
Last Trade: 0.88
Day's Range: 0.85 - 0.95
52wk Range: 0.64 - 2.95
Volume: 1,261,578
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