Hydrogenics Receives $7.8 Million Fuel Cell Order in China
Will Supply Systems for Zero-Emission Vehicles in Urban Areas
MISSISSAUGA, Ontario, Jan. 18, 2018 - Hydrogenics Corporation (NASDAQ:HYGS) (TSX:HYG) (“the Company” or “Hydrogenics”), a leading developer and manufacturer of hydrogen generation technology and hydrogen fuel cell power systems, today announced that it has received an order valued at $7.8 million to supply fuel cell power systems for zero-emission vehicles in China. For competitive reasons, the customer has chosen to remain confidential at this time. Shipments are expected to be made over the next twelve months.
“China’s strong commitment and leadership in tackling air quality issues continues to drive demand for hydrogen-powered, zero-emission transportation alternatives within its urban areas,” said Daryl Wilson, President & CEO of Hydrogenics. “Hydrogenics’ differentiated, proven, advanced fuel cell technology offers vehicle developers and integrators alike many compelling advantages versus the competition. As such, our reputation within the country continues to grow, as does our customer base. Through system sales, engineering services, and technology license agreements, Hydrogenics is well-positioned to support our clients and partners as the nation advances its bold agenda to reduce emissions and safeguard the Chinese environment and its citizens.”
Hydrogenics Corporation (www.hydrogenics.com) is a globally recognized developer and provider of hydrogen generation and fuel cell products and services, serving the growing industrial and clean energy markets of today and tomorrow. Based in Mississauga, Ontario, Canada, Hydrogenics has operations in North America and Europe.