Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: carepedeum2000 who wrote (51692)	5/24/2001 10:58:45 AM
From: wgh613	Respond to of 57584

PLUG did one million in sales last quarter. NEWS: Plug Power Inc. Awarded $7M Contract, Receives CSA Certification LATHAM, N.Y., May 24, 2001 /PRNewswire via COMTEX/ -- Plug Power Inc. (Nasdaq: PLUG chart, msgs), today reported the recent execution of a $7 million dollar agreement with a public utility to purchase 75 of Plug Power's first commercial fuel cell systems together with installation, maintenance, training, engineering and other technical support services. The program, which will include the development of remote dispatch software, will commence this summer. The overall objective of the program is to gain additional knowledge of the operation, control, grid interconnection, environmental factors and operating modes of fuel cell units to support utility applications including future residential applications. Additionally, Plug Power announced that it has completed the testing and evaluation required for CSA International certification of its initial fuel cell units and received approval to produce units bearing the CSA International certification seals for the United States. Plug Power is a designer and developer of on-site, energy generation systems utilizing proton exchange membrane fuel cells for stationary applications. The Latham, N.Y.- based company was founded in 1997, as a joint venture of DTE Energy Company and Mechanical Technology Incorporated. Plug Power Holland was established in February 2000 as the first European presence of Plug Power. Plug Power's fuel cell systems for residential and small commercial stationary applications are expected to be sold globally through a joint venture with the General Electric Company, one of the world's leading suppliers of power generation technology and energy services. DTE Energy Technologies will distribute these units in Michigan, Illinois, Ohio and Indiana. 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, including statements regarding the purchase of Plug Power's commercial fuel cell systems. These forward-looking statements contain projections of Plug Power's future results of operations 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 a commercially viable fuel cell system; the cost and timing of developing Plug Power's fuel cell systems; market acceptance of Plug Power's fuel cell systems; Plug Power's reliance on Plug Power's relationship with General Electric; competitive factors, such as price competition, competition from other power technologies and competition from other fuel cell companies; the cost and availability of components and parts for Plug Power's fuel cell systems; the ability to raise and provide the necessary capital to develop, manufacture and market Plug Power's fuel cell systems; the cost of complying with current and future governmental regulations; and other risks and uncertainties discussed under the heading "Risk Factors" in Plug Power's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 30, 2001 and the reports Plug Power files from time to time with the Securities and Exchange Commission. Plug Power undertakes no duty to update the information contained in this press release.

To: carepedeum2000 who wrote (51692)	5/24/2001 11:37:05 AM
From: Rande Is	Read Replies (2) \| Respond to of 57584

Thanks, Carpe. And if you like PNRA as a SAM stock. . .or if you like their sandwiches, you'll love that they assist their local community food pantries . . .I do. . . . Check out this link: panera.com . . . Note that this bread company with about 100 stores does the same thing with leftovers: atlantabread.com And although they are not quite as good as Panera [though close], nor are they publicly traded, if you get a chance. . .try their Curry Chicken Salad Sandwich. . . .with apple, raisins, sprouts, etc. on their cracked wheat. . . oh boy! Can't help but like companies that give back to their local community in big ways. Rande Is