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Hydrogenics Awarded Contracts For Fueling Stations In The UK

MISSISSAUGA, Ontario, Jan. 29, 2014 (GLOBE NEWSWIRE) -- Hydrogenics Corporation (Nasdaq:HYGS) (TSX:HYG), a leading developer and manufacturer of hydrogen generation and hydrogen-based power modules, today announced that it has been awarded two contracts for fueling stations in the United Kingdom. The first contract includes three HySTAT TM 60 electrolyzers for BOC, a member of The Linde Group (XETRA:LIN), for installation as part of a large fueling station due to be constructed in 2014 for Aberdeen City Council's Kittybrewster depot in Scotland. The three electrolysers will provide up to 400 kg per day of Hydrogen, and the station, part of the Aberdeen Hydrogen Bus Project, will be used for 10 fuel cell buses – which will be the largest such fleet in Europe.

The second contract, also with BOC, calls for a HySTAT TM 30 electrolyzer to be installed as part of a fueling station in Swindon, England for Honda Motor Company (NYSE:HMC). The electrolyzer will provide 65 kg of Hydrogen per day and is expected to be operational during the second half of 2014, as is the Kittybrewster installation.

Daryl Wilson, Hydrogenics' President and CEO said, "These most recent fueling station awards confirm that Hydrogen infrastructure spending is indeed increasing across the globe – particularly in Europe, Japan, Korea, and California. This should come as no surprise given the plans outlined by a number of leading automotive OEMs to begin selling high-volume fuel cell vehicles between 2015 and 2017, with some models expected out later this calendar year. We see a great deal of growth potential in fueling stations and are uniquely qualified to provide the most reliable and efficient electrolyzers in the industry."

Aberdeen City Council is taking a strategic lead in facilitating the arrival of a Hydrogen economy through: (a) leading the North Sea Region HyTrEc (Hydrogen Transport Economic) project; (2) coordinating the development of a strategy, on behalf of the Scottish Cities Alliance, to enable Scotland to build new infrastructure and support Hydrogen technologies; and (3) leading initiatives for growing Aberdeen's Hydrogen economy.

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