Hydrogen Energy Industry Expert and CEO of Air Liquide Advanced Business Brings Extensive International Experience to Plug Power's Board of Directors
LATHAM, N.Y., June 20, 2013 (GLOBE NEWSWIRE) -- Plug Power Inc. (Nasdaq:PLUG), a leader in providing clean, reliable energy solutions, has been advised that Eric Prades, CEO of Air Liquide Advanced Business, will join its board of directors as a director.
Prades brings more than 20 years of international strategic and operations leadership from his work at Air Liquide, especially in Hydrogen Energy markets. Since 2008, the Group has grown to become a leader within the European hydrogen industry, having deployed hundreds of hydrogen fuel-cell systems.Prades also oversees the Horizon Hydrogen Energy (H2E) program, an ambitious 200 million Euro research and development program, working to build sustainable and competitive hydrogen-energy solutions in France, throughout 2009 to 2016. The program, lead by Air Liquide, involves 19 other French companies, and is funded by Oseo, the French agency for innovation. Before joining Air Liquide, Prades was at Thomson Group, where he had extensive operations experience in Europe and Asia through a variety of positions, ending as the General Manager of Operations for Thailand. Prades joins the Plug Power board as part of a strategic $6.5 million investment that will help fuel the company's strategy to grow its hydrogen fuel cell business for forklift trucks and other horizontal markets. The company's flagship GenDrive fuel cells are successfully deployed at customer sites such as Walmart, Sysco, P&G, BMW and the recently announced Ace Hardware Corp. "Eric's deep understanding of the technology and business dynamics of the hydrogen fuel cell market makes him a perfect candidate for our board of directors," said Andy Marsh, President and CEO of Plug Power. "I am pleased to welcome Eric to our board and I look forward to working with him as we grow Plug Power."
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