Hydrogenics Corporation (TSX:HYG.TO) (NasdaqNM:HYGS), a developer and manufacturer of hydrogen and fuel cell products, has received an order from BOC (London:BOC.L) for a HySTAT(TM) – a hydrogen generation plant for use at a BOC facility in Waiuku, North Island, New Zealand. The order, expected to be delivered in late 2006, is valued at approximately $1.1 million.
This is the initial order received under a global supply agreement recently entered into with BOC. A portion of the hydrogen produced by this plant will be used to supply a nearby steel mill with hydrogen required during the annealing, or strengthening process. The remaining hydrogen will be compressed and delivered by tube trailer to other BOC customers in the area.
“Customers around the world require reliable and efficient means of generating high quality hydrogen in remote locations,” said Pierre Rivard, President and CEO of Hydrogenics. “This order demonstrates Hydrogenics’ technological leadership and continued commitment to customer service in this space.”
Neil Evans, hydrogen product manager, BOC South Pacific, said, “BOC selected Hydrogenics because they can help us meet our customers’ needs safely and reliably, no matter where they’re located. Adding capacity closer to where our customers are located improves our ability to support their increasing hydrogen demand for a range of applications.”