Plug Power announces new CFO, deficiency notice from NASDAQ

April 16, 2013

Plug Power announced that Johannes Roth has joined the company's Board of Directors. Roth is the founder and Managing Director of FiveT Capital Holding AG, an investment holding company. The company also announced that David Waldek has been appointed as Interim Chief Financial Officer and Jill McCoskey has been named to the position of Chief Accounting Officer. Waldek replaces Gerald Anderson, who had served as CFO since July 2007. The company also announced that on April 12 the company received a notice from The NASDAQ OMX Group indicating that the company has not regained compliance with NASDAQ's minimum bid price rule, because the company's common stock did not maintain a minimum closing bid price of $1.00 per share over a period of 10 consecutive business days ending on or prior to April 10.