Hydrogenics Awarded Contract for Aircraft Fuel Cell Development & Supply
MISSISSAUGA, Ontario, Dec. 04, 2018 (GLOBE NEWSWIRE) -- Hydrogenics Corporation (NASDAQ: HYGS; TSX: HYG) (“Hydrogenics”), a leading developer and manufacturer of hydrogen generation and hydrogen fuel cell power systems, today announced that it has been selected to design and supply fuel cell power modules for a new lightweight aircraft. Under development by a customer that wishes to remain undisclosed for competitive reasons, this electric air mobility vehicle will be used for daily commuting and other applications, revolutionizing the way people travel between cities and around the country. Over the course of 2019 Hydrogenics will develop and supply an ultra-light fuel cell system which will be the main propulsion unit for this aircraft.
Daryl Wilson, President & CEO of Hydrogenics, stated, “We are extremely pleased to have been selected by this innovative organization in the market for air mobility, where we see growing interest in aircraft applications to solve urban congestion. Hydrogenics has already established a position in the aerospace industry due to our work on the world’s first multi-passenger, all-electric airplane – launched in 2017 – and as a supplier to leading companies such as Airbus and Boeing. We look forward to adapting our proven, heavy-duty fuel cell solutions to this new aircraft.”
About Hydrogenics
Hydrogenics Corporation is a world leader in engineering and building the technologies required to enable the acceleration of a global power shift. Headquartered in Mississauga, Ontario, Hydrogenics provides hydrogen generation, energy storage and hydrogen power modules to its customers and partners around the world. Hydrogenics has manufacturing sites in Germany, Belgium and Canada and service centers in Russia, Europe, the US and Canada.
For further information, contact:
Marc Beisheim
Chief Financial Officer
(905) 361-3660
investors@hydrogenics.com
Chris Witty
Hydrogenics Investor Relations
(646) 438-9385
cwitty@darrowir.com
