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President Bush Views Plug Power GenCore(R) Fuel Cell System on Display at 3M Headquarters

http://biz.yahoo.com/prnews/060202/nyth180.html?.v=26

President Bush Views Plug Power GenCore(R) Fuel Cell System on Display at 3M Headquarters

Thursday February 2, 3:42 pm ET

Visit Follows on the Heels of President's Advanced Energy Initiative Announced in 2006 State of The Union Address

LATHAM, N.Y., Feb. 2 /PRNewswire-FirstCall/ -- President George W. Bush today viewed a display featuring Plug Power's GenCore® fuel cell system while touring the 3M headquarters in St. Paul, Minn. The president's visit occurred two days after his State of the Union address calling for a 22 percent increase in clean-energy research and a 75 percent reduction of oil imports from the Middle East by 2025.

"This was a great opportunity for President Bush to see first hand how fuel cell power systems are used in stationary applications today," said Greg Silvestri, Chief Operating Officer of Plug Power. "Fuel cell manufacturers and supply chain partners like 3M are providing the foundation needed to advance the development of fuel cell systems now and in the future."

3M and Plug Power have been working together since 2002. 3M provides Plug Power with the membrane electrode assembly (MEA), which is a key component used in the Company's 5kW hydrogen-fueled backup power system -- GenCore.

The two companies are also teamed in an ongoing project with the U.S. Department of Energy (DOE) to develop a high durability membrane electrode assembly for the fuel cell stack. Further, Plug Power is nearing completion of a project for the DOE to develop and demonstrate a next-generation backup power system that incorporates improvements made in the MEA and other essential components. The DOE provided funding for Plug Power's work through several previously awarded programs totaling $12.5M.

About Plug Power

Plug Power Inc. (Nasdaq: PLUG - News) is an established leader in the deployment of clean, reliable, on-site energy products. More than 600 Plug Power fuel cell systems have been delivered to customers worldwide in commercial, public sector, telecommunications, utility and uninterruptible power supply markets. For more information about how you can join Plug Power's energy revolution as an investor, customer, supplier or strategic partner, please visit http://www.plugpower.com.