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Plug Power Announces Fourth Quarter and Year-End Financial Results

Company Tops $16 Million for Revenue and Achieves Cash Burn Milestone

LATHAM, N.Y., March 11, 2008 (PRIME NEWSWIRE) -- Plug Power Inc.
(Nasdaq:PLUG), a leader in providing clean, reliable on-site energy solutions,
today provided a progress update and reported its financial results for the
fourth quarter and full-year 2007.

Revenue for the fourth quarter of 2007 and year ended December 31, 2007, was
$5.1 million and $16.3 million, respectively. This compares with revenue in the
same periods in 2006 of $1.0 million and $7.8 million.

Net loss for the fourth quarter of 2007 was $17.5 million, or $0.20 per share
on a basic and diluted basis, compared with $13.3 million, or $0.15 per share,
for the fourth quarter of 2006. For the full year, net loss was $60.6 million,
or $0.69 per share, compared with $50.3 million, or $0.58 per share, in 2006.