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Philippe Boisvert of Plug Power Named to the 2019 Food Logistics Champions: Rock Stars of the Supply Chain

For the fifth consecutive year, a Plug Power employee is recognized for their vision, influence, and achievements within the supply chain industry

LATHAM, N.Y., March 18, 2019 (GLOBE NEWSWIRE) -- Plug Power Inc. (PLUG), a leader in providing energy solutions that change the way the world moves, announced that Food Logistics, the only publication exclusively dedicated to covering the movement of product through the global food supply chain, named Philippe Boisvert to its 2019 Food Logistics Champions: Rock Stars of the Supply Chain award.

Plug Power develops and manufactures hydrogen and fuel cell (HFC) technology, a zero-emission fuel, for global industrial e-mobility applications. With this drop-in replacement for batteries for fleet vehicle applications, customers are improving efficiency, while reducing the company’s carbon footprint significantly. HFC-powered trucks allow Plug Power’s global customers base, including Walmart, Amazon, Carrefour, and FedEx to maximize efficiency, streamline operations, and improve fleet uptime for electric forklifts, pallet jacks, AGVs, and delivery vans.

As director of field application engineering, Philippe Boisvert assists in leading Plug Power in its development, manufacturing, and deployment of high quality, cost-effective, and reliable hydrogen fueling systems. Mr. Boisvert’s expertise has influenced the hydrogen fueling products Plug Power offers to customers – including engineering solutions for large scale liquid hydrogen, small scale reformation or delivered gas, which enable food logistic companies of multiple sizes to adopt fuel cell forklifts. Boisvert has a deep understanding of the logistical challenges and opportunities that warehousing fleet vehicles face, helping to increase operational efficiency and corporate sustainability for several leading food logistics companies in the U.S. and Europe.

“With a clear vision to the creation of a clean and sustainable future, Plug Power is thriving. We owe that success to our employees who work hard every day challenging the status quo in order to build cutting edge technology and provide the best service to our valuable customers,” said Andy Marsh, CEO, Plug Power. “Identifying and bringing in talented people like Philippe Boisvert and the hundreds of other individuals who work for us, and are excited about the future of hydrogen has always been a top priority for us. And it’s a special moment for all of us at Plug Power when we’re able to stop and recognize those individuals for their dedication.”

Mr. Boisvert comments, “Building an industry from scratch is no small feat. Once facilities switch to fuel cell technology, it’s our job to strive toward continuously improving performance and reducing costs to help our customers meet their own ever-changing efficiency and sustainability goals.”

The Food Logistics Rockstar of Supply Chain award launched in 2015 and each year an individual from Plug Power has been named to the list for their efforts in driving innovation within the industry. Past Plug Power recipients include Andy Marsh, CEO; Tim Cortes, VP of Hydrogen Energy Systems; Dustan Skidmore, VP of Engineering; and Jose Luis Crespo, VP of Global Sales.

The Food Logistics Champions: Rock Stars of the Supply Chain recognizes influential individuals in our industry whose achievements, hard work, and vision have shaped and attained milestones in safety, efficiency, productivity and innovation through the global food supply chain. From early pioneers and entrepreneurs to non-conformist thinkers and executive standouts, this award aims to honor these leaders and their contributions to our industry.

“Our 2019 Food Logistics Champions: Rock Stars of the Supply Chain reflects the expanding diversity that is emerging in our industry, both in terms of demographics and talent,” remarks Lara L. Sowinski. “The combination of experience and wisdom complemented with a new generation of professionals is resulting in a food and beverage supply chain that is in sync with consumers’ demands while simultaneously adept and staying ahead of the logistical requirements.”

Recipients of this year’s 2019 Food Logistics Champions: Rock Stars of the Supply Chain award will be profiled in the March 2019 issue of Food Logistics, as well as online a www.foodlogistics.com.

About Food Logistics
Food Logistics is published by AC Business Media, a business-to-business media company that provides targeted content and comprehensive, integrated advertising and promotion opportunities for some of the world’s most recognized B2B brands. Its diverse portfolio serves the construction, logistics, supply chain and other industries with print, digital and custom products, events and social media.

About Plug Power Inc.        
The architect of modern hydrogen and fuel cell technology, Plug Power is the innovator that has taken hydrogen and fuel cell technology from concept to commercialization. Plug Power has revolutionized the material handling industry with its full-service GenKey solution, which is designed to increase productivity, lower operating costs and reduce carbon footprints in a reliable, cost-effective way. The Company’s GenKey solution couples together all the necessary elements to power, fuel and serve a customer. With proven hydrogen and fuel cell products, Plug Power replaces lead acid batteries to power electric industrial vehicles, such as the lift trucks customers use in their distribution centers. 

Extending its reach into the on-road electric vehicle market, Plug Power’s ProGen platform of modular fuel cell engines empowers OEMs and system integrators to rapidly adopt hydrogen fuel cell technology. ProGen engines are proven today, with thousands in service, supporting some of the most rugged operations in the world. Plug Power is the partner that customers trust to take their businesses into the future. Learn more at www.plugpower.com.

Safe Harbor Statement
This communication contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 that involve significant risks and uncertainties about Plug Power Inc.("PLUG"), including but not limited to statements about PLUG's expectations regarding growth in Europe, revenue, growth with GenKey customers and its project financing platform. You are cautioned that such statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times that, or by which, such performance or results will have been achieved. Such statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in these statements. In particular, the risks and uncertainties include, among other things, the risk that we continue to incur losses and might never achieve or maintain profitability; the risk that we will need to raise additional capital to fund our operations and such capital may not be available to us; the risk that our lack of extensive experience in manufacturing and marketing products may impact our ability to manufacture and market products on a profitable and large-scale commercial basis; the risk that unit orders will not ship, be installed and/or converted to revenue, in whole or in part; the risk that pending orders may not convert to purchase orders, in whole or in part; the risk that a loss of one or more of our major customers could result in a material adverse effect on our financial condition; the risk that a sale of a significant number of shares of stock could depress the market price of our common stock; the risk that negative publicity related to our business or stock could result in a negative impact on our stock value and profitability; the risk of potential losses related to any product liability claims or contract disputes; the risk of loss related to an inability to maintain an effective system of internal controls or key personnel; the risks related to use of flammable fuels in our products; the cost and timing of developing, marketing and selling our products and our ability to raise the necessary capital to fund such costs; the ability to achieve the forecasted gross margin on the sale of our products; the risk that our actual net cash used for operating expenses may exceed the projected net cash for operating expenses; the cost and availability of fuel and fueling infrastructures for our products; market acceptance of our products, including GenDrive, GenSure and GenKey systems; the volatility of our stock price; our ability to establish and maintain relationships with third parties with respect to product development, manufacturing, distribution and servicing and the supply of key product components; the cost and availability of components and parts for our products; our ability to develop commercially viable products; our ability to reduce product and manufacturing costs; our ability to successfully expand our product lines; our ability to successfully expand internationally; our ability to improve system reliability for our GenDrive, GenSure and GenKey systems; competitive factors, such as price competition and competition from other traditional and alternative energy companies; our ability to protect our intellectual property; the cost of complying with current and future federal, state and international governmental regulations; risks associated with potential future acquisitions; and other risks and uncertainties referenced in our public filings with the Securities and Exchange Commission (the “SEC”). For additional disclosure regarding these and other risks faced by PLUG, see disclosures contained in PLUG's public filings with the SEC including, the "Risk Factors" section of PLUG's Annual Report on Form 10-K for the year ended December 31, 2017. You should consider these factors in evaluating the forward-looking statements included in this presentation and not place undue reliance on such statements. The forward-looking statements are made as of the date hereof, and PLUG undertakes no obligation to update such statements as a result of new information.

SOURCE: PLUG POWER

Media Contact
Kate Gundry
Pluck
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