Hydrogenics introduces HyUPS backup power generator
Hydrogenics Corp
HYG
Shares issued 35,568,750
Oct 29 2001 close $7.620
Tuesday Oct 30 2001
News Release
Mr. Boyd Taylor reports
Hydrogenics Corp., a designer and manufacturer of proton exchange membrane
(PEM) fuel cell systems, unveiled its HyUPS backup power product at the Tower
Summit 2001 telecommunications show and conference taking place in Las Vegas
on Oct. 29 to Oct. 30, 2001.
Hydrogenics HyUPS fuel cell power generator is a stationary power product
co-developed by Hydrogenics and General Motors to meet critical backup power
needs across multiple markets. The initial target market for this product is the
demanding telecommunications industry. By delivering clean and efficient backup
power, HyUPS provides a solution to many problems associated with the diesel
gensets and battery banks that are currently providing backup for telecom towers.
The prototype unit is capable of delivering 25 kilowatts power output and has
regenerative capabilities. An integrated electrolyzer recharges the hydrogen supply
after grid power has been re-established, essentially providing a low-maintenance
self-fueling system.
Pierre Rivard, president and chief executive officer of Hydrogenics, is very
pleased to have this opportunity to demonstrate the potential of the company's
new alliance with General Motors. "The unveiling of our HyUPS backup power
generator is the first public manifestation of the meaning behind the alliance
between Hydrogenics and General Motors. It very clearly demonstrates the
strength of our jointly applied expertise involving GM's superior stack technology
and Hydrogenics' system integration capabilities. We are very excited to offer a
product to a market for which fuel cell technology provides a viable solution
today."
"This is the first commercial product to emerge from our fuel cell research and
development efforts with our partners," said Larry Burns, GM vice-president of
research, development and planning. "It's consistent with our strategy to accelerate
fuel cell technology commercialization, and highlights how our fuel cell alliances
allow us to move faster and smarter with wins for all companies involved and for
cellular phone customers." |
