LATHAM, N.Y., June 13, 2016 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a leader in providing energy solutions that change the way the world moves, announced today it will attend the Green Retail Decisions Innovation Summit, occurring June 14-16 in Chicago, Illinois.
The Green Retail Decisions Innovation Summit is an exclusive invitation-only event for green retailing executives and leading industry suppliers. This focused event brings solutions providers and retailers together to participate in high-level networking, one-to-one meetings, boardroom briefings and informative keynote presentations. Vice President of Global Sales, Mr. Jose Luis Crespo, will represent Plug Power to present and initiate sales discussions with these potential customers.
The overall theme of the event is “sustainable retailing” and Plug Power will connect with retail executives on how implementing hydrogen fuel cells into their forklifts and other material handling equipment can provide operators with a more productive, predictable and sustainable solution to the demands of shelf stocking and product picking.
With Plug Power’s GenKey complete range of turnkey services, including the GenDrive fuel cells, GenFuel hydrogen infrastructure and fuel and GenCare aftermarket customer service and support, it’s easier than ever for retail distribution centers to implement hydrogen power into their facilities.
Plug Power’s GenDrive fuel cells increase the productivity of the lift truck operation – the trucks operate with consistent power for an entire shift, eliminating challenges that come with a depleting battery. When it’s time to refuel, management knows operators will be back on the floor quickly. GenDrive-powered material handling equipment can be refueled in just minutes, replacing the 12 to 15 minutes dedicated to battery changes in the past. This level of predictability allows fleet managers at retail customer sites to properly scale operations and cost-effectively meet demands.
“Retail distribution centers run nonstop, meaning fleets need to be available 24x7 and operators need solutions in place for maximum productivity,” said Andy Marsh, CEO of Plug Power. “Retail executives buy GenKey solutions because it enables operations to achieve maximum productivity in material handling efforts, and exceed in meeting sustainability targets. We look forward to bringing on Green Retail Decision Summit attendees as Plug Power customers.”
For more information on how Plug Power is helping retail distribution centers, visit http://www.plugpower.com/industries/material-handling/retail/.
About Plug Power Inc.
The architects of modern hydrogen and fuel cell technology, Plug Power has revolutionized the industry with its simple GenKey solution, elements of which are designed to increase productivity, lower operating costs and reduce carbon footprints in a reliable, cost-effective way. Plug Power’s GenKey solution couples together all the necessary elements to power, fuel and service a customer. Plug Power is the partner that customers trust to take their businesses into the future. For more information about Plug Power, visit www.plugpower.com.
Safe Harbor Statement
This communication contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 that involve significant risks and uncertainties about Plug Power Inc. ("PLUG"), including but not limited to statements about PLUG's 2016 objectives, including goals relating to revenue, sales, booking, gross and GenFuel installations, and the GenFund Power-Purchase Agreement program. You are cautioned that such statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by which, such performance or results will have been achieved. Such statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in these statements. In particular, the risks and uncertainties include, among other things, the risk that we continue to incur losses and might never achieve or maintain profitability; the risk that we will need to raise additional capital to fund our operations and such capital may not be available to us; the risk that our lack of extensive experience in manufacturing and marketing products may impact our ability to manufacture and market products on a profitable and large-scale commercial basis; the risk that unit orders will not ship, be installed and/or converted to revenue, in whole or in part; the risk that pending orders may not convert to purchase orders, in whole or in part; the risk that a loss of one or more of our major customers could result in a material adverse effect on our financial condition; the risk that a sale of a significant number of shares of stock could depress the market price of our common stock; the risk that negative publicity related to our business or stock could result in a negative impact on our stock value and profitability; the risk of potential losses related to any product liability claims or contract disputes; the risk of loss related to an inability to maintain an effective system of internal controls or key personnel; the risks related to use of flammable fuels in our products; the cost and timing of developing, marketing and selling our products and our ability to raise the necessary capital to fund such costs; the ability to achieve the forecasted gross margin on the sale of our products; the risk that our actual net cash used for operating expenses may exceed the projected net cash for operating expenses; the cost and availability of fuel and fueling infrastructures for our products; market acceptance of our products, including GenDrive, GenSure and GenKey systems; the volatility of our stock price; our ability to establish and maintain relationships with third parties with respect to product development, manufacturing, distribution and servicing and the supply of key product components; the cost and availability of components and parts for our products; our ability to develop commercially viable products; our ability to reduce product and manufacturing costs; our ability to successfully expand our product lines; our ability to successfully expand internationally; our ability to improve system reliability for our GenDrive, GenSure and GenKey systems; competitive factors, such as price competition and competition from other traditional and alternative energy companies; our ability to protect our intellectual property; the cost of complying with current and future federal, state and international governmental regulations; risks associated with potential future acquisitions; and other risks and uncertainties referenced in our public filings with the Securities and Exchange Commission. For additional disclosure regarding these and other risks faced by PLUG, see disclosures contained in PLUG's public filings with the Securities and Exchange Commission (the "SEC") including, the "Risk Factors" section of PLUG's Annual Report on Form 10-K for the year ended December 31, 2015. You should consider these factors in evaluating the forward-looking statements included in this presentation and not place undue reliance on such statements. The forward-looking statements are made as of the date hereof, and PLUG undertakes no obligation to update such statements as a result of new information.
Media and Investor Relations Contact: Teal Vivacqua Plug Power Inc. Phone: 518.738.0269
Source:Plug Power, Inc.