Hydrogenics Forklift Market Development Advances Through Multiple Customer Deployments
Current visibility indicates deliveries of 60-80 HyPX Power Packs
MISSISSAUGA, ONTARIO, CANADA -- Jun 21, 2007 -- Hydrogenics Corporation (Toronto:HYG.TO)(NasdaqGM:HYGS), a leading designer and manufacturer of hydrogen and fuel cell systems, announced today that it is making significant advances in developing material handling markets for its HyPX Fuel Cell Power Pack product with current visibility to deliver 60-80 units. Included in this number are deliveries and deployments that are being undertaken with a wide base of stakeholders including several world leading OEMs for both Class 1 lift trucks and Class 2 reach trucks, a major U.S. distributor, the armed forces, and automotive and other high production manufacturers. The majority are being deployed at customer facilities in pilot programs of 10 to 20 units for the purpose of evaluating the HyPX solution for broader enterprise-wide deployments. Class 1 and Class 2 lift trucks are used extensively in manufacturing facilities, distribution centers and warehouses that currently rely on lead acid battery powered forklifts to meet zero emission requirements. These users can benefit from significant productivity gains that HyPX Power Packs offer, compared to batteries, in 24/7 operations.

"End-users are creating significant market pull for HyPX Power Packs, and as a result, a number of leading lift truck OEMs are accelerating their fuel cell product development efforts," said Daryl Wilson, President and Chief Executive Officer of Hydrogenics. "These efforts include in-house testing and evaluation as well as field deployments with their key customers. It is very exciting that the initial seeds that we planted over two years ago are now providing additional opportunities with an expanded roster of world leading material handling OEMs and end-users."

Hydrogenics released its latest generation of HyPX Power Packs in January 2007 following successful deployments in 2005 of previous generation Power Packs in two Hyster forklift trucks at General Motors of Canada's car assembly plant in Oshawa and the Toronto Airport Fedex facility. These field trials validated the benefits of using fuel cells specifically for Class 1 forklifts in multi-shift environments.

Designed to fit within a lift truck's existing battery pack compartment, Hydrogenics' HyPX Power Pack incorporates the company's proprietary HyPM® HD Fuel Cell Power Module for base load requirements and energy-storing ultracapacitors to handle load peaks and to capture energy through regenerative braking.

About Hydrogenics

Hydrogenics Corporation (www.hydrogenics.com) is a globally recognized developer and provider of hydrogen generation and fuel cell products and services, serving the growing industrial and clean energy markets of today and tomorrow. Based in Mississauga, Ontario, Canada, Hydrogenics has operations in North America, Europe and Asia.

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