LATHAM, N.Y., Sept. 15 /PRNewswire-FirstCall/ -- Plug Power Inc. (Nasdaq:
PLUG) a leading provider of clean, reliable on-site energy, announced today
that Jos van der Hyden has been appointed as the General Manager of the
company's European, Middle Eastern and African operations.
"Jos has impressive leadership experience, and we're looking for him to
play a key role in growing our business throughout Europe, the Middle East and
Africa," said Mark Sperry, Plug Power's Chief Marketing Officer. "We are
excited about the new business opportunity in these markets and the chance to
expand our sales, marketing and customer support activities."
In his new role, van der Hyden will oversee the Company's European office,
located in Apeldoorn, The Netherlands. Van der Hyden will manage sales and
marketing activities, manage technical customer support, and provide guidance
in human resources and site management activities.
Prior to joining Plug Power, van der Hyden held several management and
business development positions within European telecommunication companies. He
was responsible for international operations and business development in
continental Europe for Vision Networks, the pan-European Cable TV subsidiary
of KPN. As marketing director at KPN Mobile he led the taskforce that
established the operational marketing and sales plan for the introduction of
GSM [Global System for Mobile Communications] in the Netherlands.
Van der Hyden has also held the positions of associate with McKinsey &
Company in Amsterdam and project leader for Schlumberger in Ridgefield, Conn.,
U.S.
A Dutch citizen, van der Hyden earned an MBA degree from INSEAD in
Fontainebleau, France, and a doctorate degree from Delft University of
Technology in The Netherlands.
About Plug Power
Plug Power Inc. is an established leader in the deployment of clean,
reliable, on-site energy products. More than 550 Plug Power fuel cell systems
have been delivered to customers worldwide in commercial, public sector,
telecommunications, utility and uninterruptible power supply markets. For
more information about how to join Plug Power's energy revolution as an
investor, customer, supplier or strategic partner, please visit
http://www.plugpower.com .
This press release may contain statements, which are not historical facts
and are considered forward-looking within the meaning of the Private
Securities Litigation Reform Act of 1995. These forward-looking statements
contain projections of Plug Power's future results of operations, Plug Power's
product development expectations or of Plug Power's financial position or
state other forward-looking information. In some cases you can identify these
statements by forward-looking words such as "anticipate," "believe," "could,"
"estimate," "expect," "intend," "may," "should," "will" and "would" or similar
words. You should not rely on forward-looking statements because Plug Power's
actual results may differ materially from those indicated by these forward-
looking statements as a result of a number of important factors. These factors
include, but are not limited to, Plug Power's ability to develop commercially
viable on-site energy products; the cost and timing of developing Plug Power's
on-site energy products; market acceptance of Plug Power's on-site energy
products; Plug Power's reliance on its relationship with certain affiliates of
General Electric (GEFCS); Plug Power's ability to perform on its multi-
generation product plan in a manner satisfactory to GEFCS; Plug Power's
ability to manufacture on-site energy products on a large-scale commercial
basis; competitive factors, such as price competition and competition from
other traditional and alternative energy companies; the cost and availability
of components and parts for Plug Power's on-site energy products; the ability
to raise and provide the necessary capital to develop, manufacture and market
Plug Power's on-site energy products; Plug Power's ability to establish
relationships with third parties with respect to product development,
manufacturing, distribution and servicing and the supply of key product
components; Plug Power's ability to protect its intellectual property; Plug
Power's ability to lower the cost of its on-site energy products and
demonstrate their reliability; the cost of complying with current and future
governmental regulations; the impact of deregulation and restructuring of the
electric utility industry on demand for Plug Power's on-site energy products;
fluctuations in the trading price and volume of Plug Power's common stock and
other risks and uncertainties discussed under the heading "Factors Affecting
Future Results" in Plug Power's annual report on Form 10-K for the fiscal year
ended December 31, 2004, dated March 15, 2005, and filed with the Securities
Exchange Commission on March 15, 2005, and the reports Plug Power files from
time to time with the Securities and Exchange Commission. Plug Power does not
intend to and undertakes no duty to update the information contained in this
press release.
SOURCE Plug Power Inc.
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Related links:
http://www.plugpower.com
CONTACT:
Cynthia Mahoney White, Manager, Public
Relations & Marketing, Plug Power Inc., Phone: +1-518-782-7700
ext. 1973, Mobile: +1-518-527-1172,
cynthia_mahoneywhite@plugpower.com
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