Plug Power Receives Fuel Cell Order From National Retailer



    
    Sale marks significant step in adoption of fuel cells for material
handling
    applications
    

    VANCOUVER, British Columbia, Oct. 22 /CNW/ -- Plug Power Inc. (Nasdaq:  
PLUG), through its wholly owned subsidiary Cellex Power Products, Inc., today
announced a purchase order for GenDrive(TM) fuel cell power units from
Wal-Mart Stores, Inc. (NYSE:   WMT) for use in lift trucks at one of the
company's distribution centers.  This is Plug Power's largest single GenDrive
order to date, although the specific terms are confidential.
    The order follows a successful beta trial at two Wal-Mart distribution
centers in Ohio in late 2006.  During the trial, the 12 fuel-cell-powered
pallet trucks ran in live, working conditions for more than four months,
logging more than 18,000 hours and 2,100 indoor fuelings by pallet truck
operators.  The Cellex Power fuel cells demonstrated environmental and
operator benefits.  The new units will power pallet trucks used at Wal-Mart's
food distribution center in Washington Court House, Ohio, replacing the lead-
acid batteries that are traditionally used in such applications.
    "This is a significant event for Plug Power and a solid step forward with
the widely respected leader in distribution and logistics," said Tom Hoying,
Plug Power's vice president of sales and customer operations, Motive Power
Division.  "We believe Wal-Mart's state-of-the-art distribution centers make
an excellent proving ground for the commercial application of GenDrive."
    This fuel cell order aligns with Wal-Mart's strategy to integrate
innovative technologies into its business plan that reduce operating cost and
help the environment.  The purchase of these fuel cell power units is
equivalent to removing approximately 60 cars from the highway in southeastern
Ohio in terms of CO2 and greenhouse gas emissions.
    "We've seen how fuel cells can improve efficiency in our distribution
centers while enabling us to be more responsible global citizens," said
Johnnie Dobbs, Wal-Mart's executive vice president of logistics and supply
chain. "Wal-Mart is focused on finding ways to improve our relationship with
the environment throughout our operations.  Our hope is that our investment in
fuel cell technology will encourage its development as a viable option to
existing technologies."
    For pallet trucks and similar industrial vehicles operating in large,
around-the-clock fleet operations, lead-acid battery systems can be more
expensive to operate and require more valuable space when compared with fuel
cell power units.  Lead-acid batteries also require documentation
demonstrating proper disposal and present other safety issues in terms of care
and handling.  Plug Power's GenDrive product eliminates the need to change,
charge, maintain and handle batteries in these high-throughput distribution
centers, which could result in cost improvements and productivity gains.
    Plug Power, which acquired Cellex Power in April 2007, considers material
handling applications to be an attractive near-term market for proton exchange
membrane (PEM) fuel cell power and has targeted this sector as a central
component of the company's revenue growth strategy.
    "We view Wal-Mart's purchase order as an important indicator of the
progress that fuel cells are making as reliable and clean alternatives to
incumbent technologies in a variety of industries," said Roger Saillant, Plug
Power's President and CEO.
    
    About Plug Power
    
    Plug Power Inc. (Nasdaq:   PLUG), an established leader in the development
and deployment of clean, reliable on-site energy products, integrates fuel
cell technology into backup and primary power products for telecommunications,
material handling, utility and uninterruptible power supply applications.  The
Company is actively engaged with private and public customers in targeted
markets throughout the world, including North America, Europe, the Middle
East, Russia, South Africa and South America.  For more information about how
to join Plug Power's energy revolution as an investor, customer, supplier or
strategic partner, please visit www.plugpower.com.
    
    Safe Harbor Statement
    
    This press release contains forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995, including but not
limited to our 2007 milestones and statements regarding our growth plans.  We
believe that it is important to communicate our future expectations to our
investors.  However, there may be events in the future that we are not able to
accurately predict or control and that may cause our actual results to differ
materially from the expectations we describe in our forward-looking
statements, including, without limitation, the risk that the anticipated
synergies of the Cellex Power and General Hydrogen acquisitions are not
realized, that unit orders will not ship, be installed and/or convert to
revenue, in whole or in part.  Plug Power's ability to develop commercially
viable on-site energy products; the cost and timing of developing Plug Power's
on-site energy products; market acceptance of Plug Power's on-site energy
products; Plug Power's ability to manufacture on-site energy products on a
large-scale commercial basis; competitive factors, such as price competition
and competition from other traditional and alternative energy companies; the
cost and availability of components and parts for Plug Power's on-site energy
products; Plug Power's ability to establish relationships with third parties
with respect to product development, manufacturing, distribution and servicing
and the supply of key product components; Plug Power's ability to protect its
intellectual property; Plug Power's ability to lower the cost of its on-site
energy products and demonstrate their reliability; the cost of complying with
current and future governmental regulations; the impact of deregulation and
restructuring of the electric utility industry on demand for Plug Power's on-
site energy products and other risks and uncertainties discussed under "Item
IA-Risk Factors" in Plug Power's annual report on Form 10-K for the fiscal
year ended December 31, 2006, filed with the Securities and Exchange
Commission ("SEC") on March 16, 2007, and the reports Plug Power files from
time to time with the SEC.  Plug Power does not intend to and undertakes no
duty to update the information contained in this press release.




For further information:

For further information: Media, Mark Sperry of Plug Power Inc., 
+1-518-782-7700 ext. 1510, or Investor Relations, Cathy Yudzevich of Plug
Power  Inc., +1-518-782-7700 ext. 1448 Web Site: http://www.plugpower.com

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