MISSISSAUGA, Ontario, Oct. 3, 2012 (GLOBE NEWSWIRE) -- Hydrogenics Corporation (Nasdaq:HYGS) (TSX:HYG), a leading developer and manufacturer of hydrogen power and generation systems, today announced that it has been awarded the largest single order in its company history by a major OEM. Secured by Hydrogenics' Power Systems division, based in Toronto, Canada, the follow-on contract includes a firm-fixed-price exclusive design and manufacture contract valued at over US $36 million. Over the next 3 years, Hydrogenics will supply propulsion system equipment including integrated fuel cell power systems, power electronic converters, associated hardware and propulsion system software. The contract includes additional equipment commitments of US $13 million as well as optional equipment and services totaling another US $43 million over a 10 year period. These options will be triggered as required for production, spare parts, warranty, and service requirements.
Hydrogenics Awarded Contract Valued At Over US$90 Million For Integrated Power Propulsion Systems For OEM
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