Plug Power Recognized for Sixth Year in Food Logistics’ 100+ Top Software and Technology Providers List
December 17 2019 - 7:00AM
Plug Power Inc. (NASDAQ: PLUG), a leading provider of hydrogen
engines and fueling solutions enabling e-mobility, has been named
to the FL100+ Top Software and Technology Providers list for 2019
by Food Logistics, the only publication exclusively dedicated to
covering the movement of product through the global food supply
chain. Marking its sixth consecutive year being named to the
list, Plug Power has again displayed its expertise, providing
superior, cutting-edge hydrogen and fuel cell solutions to global
food supply chain customers including Walmart, Wegmans, Whole
Foods, Carrefour and Kroger, innovating productivity and
sustainability in grocery distribution.
Plug Power has unmatched accomplishments in the fuel cell engine
space - having deployed more than 30,000 fuel cell units and
enabling more than 23 million hydrogen fuelings to a set of global
food supply chain customers. Plug Power’s unparalleled field data
collection uses real time Internet of Things analysis techniques to
capture and analyze performance statistics. Big data statistical
analysis result in a live data field, predictive analytics and
increased fleet runtime. Trillions of data points have been
collected over the current 270 million hours of operation.
“Plug Power’s best-in-class technology platform continues to
innovate to ensure that our valued customers can achieve their
productivity and sustainability goals,” said Andy Marsh, CEO of
Plug Power. “Hydrogen fuel cells are the zero emission technology
of choice, and over the years Plug Power has proven we are the
leading provider. We are honored that our work has been recognized,
again, by Food Logistics in their FL100+ Top Software and
Technology Providers list.”
John R. Yuva, editor for Food Logistics and its sister
publication, Supply & Demand Chain Executive remarked, “The
transparency and safety of the digital global food supply chain
would not exist without innovations in software and technology. Our
FL100+ recipients help drive supply chain compliance and regulatory
changes that benefit everyone from the farmer to the food processor
to the consumer.”
The annual FL100+ Top Software and Technology
Providers serves as a resource guide of software and
technology providers whose products and services are critical for
companies in the global food and beverage supply chain. Companies
on this year’s 2019 FL100+ Top Software and Technology
Providers list will be profiled in the November/December
2019 issue of Food Logistics, as well as online at
www.foodlogistics.com.
About Plug Power Inc. The
architect of modern hydrogen and fuel cell technology, Plug Power
is the innovator that has taken hydrogen and fuel cell technology
from concept to commercialization. Plug Power has revolutionized
the material handling industry with its full-service GenKey
solution, which is designed to increase productivity, lower
operating costs and reduce carbon footprints in a reliable,
cost-effective way. The Company’s GenKey solution couples together
all the necessary elements to power, fuel and serve a customer.
With proven hydrogen and fuel cell products, Plug Power replaces
lead acid batteries to power electric industrial vehicles, such as
the lift trucks customers use in their distribution
centers.
Extending its reach into the on-road electric vehicle market,
Plug Power’s ProGen platform of modular fuel cell engines empowers
OEMs and system integrators to rapidly adopt hydrogen fuel cell
technology. ProGen engines are proven today, with thousands in
service, supporting some of the most rugged operations in the
world. Plug Power is the partner that customers trust to take their
businesses into the future. Learn more at
www.plugpower.com.
About Food LogisticsFood Logistics is published
by AC Business Media, a business-to-business media company that
provides targeted content and comprehensive, integrated advertising
and promotion opportunities for some of the world’s most recognized
B2B brands. Its diverse portfolio serves the construction,
logistics, supply chain and other industries with print, digital
and custom products, events and social media.
Plug Power Safe Harbor
StatementThis communication contains
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995 that involve significant
risks and uncertainties about Plug Power Inc. ("PLUG"), including
but not limited to statements about PLUG's expectations regarding
growth in Europe, revenue, growth with GenKey customers and its
project financing platform. You are cautioned that such statements
should not be read as a guarantee of future performance or results,
and will not necessarily be accurate indications of the times that,
or by which, such performance or results will have been achieved.
Such statements are subject to risks and uncertainties that could
cause actual performance or results to differ materially from those
expressed in these statements. In particular, the risks and
uncertainties include, among other things, the risk that we
continue to incur losses and might never achieve or maintain
profitability; the risk that we will need to raise additional
capital to fund our operations and such capital may not be
available to us; the risk that our lack of extensive experience in
manufacturing and marketing products may impact our ability to
manufacture and market products on a profitable and large-scale
commercial basis; the risk that unit orders will not ship, be
installed and/or converted to revenue, in whole or in part; the
risk that pending orders may not convert to purchase orders, in
whole or in part; the risk that a loss of one or more of our major
customers could result in a material adverse effect on our
financial condition; the risk that a sale of a significant number
of shares of stock could depress the market price of our common
stock; the risk that negative publicity related to our business or
stock could result in a negative impact on our stock value and
profitability; the risk of potential losses related to any product
liability claims or contract disputes; the risk of loss related to
an inability to maintain an effective system of internal controls
or key personnel; the risks related to use of flammable fuels in
our products; the cost and timing of developing, marketing and
selling our products and our ability to raise the necessary capital
to fund such costs; the ability to achieve the forecasted gross
margin on the sale of our products; the risk that our actual net
cash used for operating expenses may exceed the projected net cash
for operating expenses; the cost and availability of fuel and
fueling infrastructures for our products; market acceptance of our
products, including GenDrive, GenSure and GenKey systems; the
volatility of our stock price; our ability to establish and
maintain relationships with third parties with respect to product
development, manufacturing, distribution and servicing and the
supply of key product components; the cost and availability of
components and parts for our products; our ability to develop
commercially viable products; our ability to reduce product and
manufacturing costs; our ability to successfully expand our product
lines; our ability to successfully expand internationally; our
ability to improve system reliability for our GenDrive, GenSure and
GenKey systems; competitive factors, such as price competition and
competition from other traditional and alternative energy
companies; our ability to protect our intellectual property; the
cost of complying with current and future federal, state and
international governmental regulations; risks associated with
potential future acquisitions; and other risks and uncertainties
referenced in our public filings with the Securities and Exchange
Commission (the “SEC”). For additional disclosure regarding these
and other risks faced by PLUG, see disclosures contained in PLUG's
public filings with the SEC including, the "Risk Factors" section
of PLUG's Annual Report on Form 10-K for the year ended December
31, 2018. You should consider these factors in evaluating the
forward-looking statements included in this presentation and not
place undue reliance on such statements. The forward-looking
statements are made as of the date hereof, and PLUG undertakes no
obligation to update such statements as a result of new
information.Media Contact Ian MartoranaThe Bulleit
Group(415) 237-3681plugpowerpr@bulleitgroup.com
SOURCE: PLUG POWER
Plug Power (NASDAQ:PLUG)
Historical Stock Chart
From Aug 2024 to Sep 2024
Plug Power (NASDAQ:PLUG)
Historical Stock Chart
From Sep 2023 to Sep 2024