Plug Power Appoints New General Manager for European, Middle Eastern and African Operations
September 15 2005 - 9:16AM
PR Newswire (US)
LATHAM, N.Y., Sept. 15 /PRNewswire-FirstCall/ -- Plug Power Inc.
(NASDAQ: PLUG) a leading provider of clean, reliable on-site
energy, announced today that Jos van der Hyden has been appointed
as the General Manager of the company's European, Middle Eastern
and African operations. "Jos has impressive leadership experience,
and we're looking for him to play a key role in growing our
business throughout Europe, the Middle East and Africa," said Mark
Sperry, Plug Power's Chief Marketing Officer. "We are excited about
the new business opportunity in these markets and the chance to
expand our sales, marketing and customer support activities." In
his new role, van der Hyden will oversee the Company's European
office, located in Apeldoorn, The Netherlands. Van der Hyden will
manage sales and marketing activities, manage technical customer
support, and provide guidance in human resources and site
management activities. Prior to joining Plug Power, van der Hyden
held several management and business development positions within
European telecommunication companies. He was responsible for
international operations and business development in continental
Europe for Vision Networks, the pan-European Cable TV subsidiary of
KPN. As marketing director at KPN Mobile he led the taskforce that
established the operational marketing and sales plan for the
introduction of GSM [Global System for Mobile Communications] in
the Netherlands. Van der Hyden has also held the positions of
associate with McKinsey & Company in Amsterdam and project
leader for Schlumberger in Ridgefield, Conn., U.S. A Dutch citizen,
van der Hyden earned an MBA degree from INSEAD in Fontainebleau,
France, and a doctorate degree from Delft University of Technology
in The Netherlands. About Plug Power Plug Power Inc. is an
established leader in the deployment of clean, reliable, on-site
energy products. More than 550 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 to join Plug Power's energy
revolution as an investor, customer, supplier or strategic partner,
please visit http://www.plugpower.com/ . This press release may
contain statements, which are not historical facts and are
considered forward-looking within the meaning of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements contain projections of Plug Power's future results of
operations, Plug Power's product development expectations or of
Plug Power's financial position or state other forward-looking
information. In some cases you can identify these statements by
forward-looking words such as "anticipate," "believe," "could,"
"estimate," "expect," "intend," "may," "should," "will" and "would"
or similar words. You should not rely on forward-looking statements
because Plug Power's actual results may differ materially from
those indicated by these forward- looking statements as a result of
a number of important factors. These factors include, but are not
limited to, 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 reliance on its relationship
with certain affiliates of General Electric (GEFCS); Plug Power's
ability to perform on its multi- generation product plan in a
manner satisfactory to GEFCS; 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; the ability to raise and provide the necessary
capital to develop, manufacture and market 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; fluctuations in the trading price and volume of Plug
Power's common stock and other risks and uncertainties discussed
under the heading "Factors Affecting Future Results" in Plug
Power's annual report on Form 10-K for the fiscal year ended
December 31, 2004, dated March 15, 2005, and filed with the
Securities Exchange Commission on March 15, 2005, and the reports
Plug Power files from time to time with the Securities and Exchange
Commission. Plug Power does not intend to and undertakes no duty to
update the information contained in this press release. DATASOURCE:
Plug Power Inc. CONTACT: Cynthia Mahoney White, Manager, Public
Relations & Marketing, Plug Power Inc., Phone: +1-518-782-7700
ext. 1973, Mobile: +1-518-527-1172, Web site:
http://www.plugpower.com/
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