Hydrogenics Corporation (TSX:HYG; NASDAQ:HYGS) has been awarded a US$8 million Fuel Cell contract for multiple units of its HyPM 500 Series Fuel Cell Power Modules from a world leading military OEM. The power modules, representing in aggregate over 600 kW of power capacity, will be delivered over a two year period starting in 2006. The modules will be used for an undisclosed application.
“Winning this impressive contract through a competitive bid process is a strong validation of the performance, reliability, and durability of our HyPM power module technology,” said Pierre Rivard, President and CEO, Hydrogenics Corporation. “It is important to note that the power modules to be delivered under this contract are identical to the power modules that form the foundation of our products for the backup power and light mobility markets. As such, we believe that considerable benefits will accrue from this sale in terms of our product initiatives for these commercial markets.”
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