Attached files
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8-K - PLUG POWER INC | plug8k-5.htm |
EX-5 - PLUG POWER INC | es5-1.htm |
EX-1 - PLUG POWER INC | es1-1.htm |
EX-99 - PLUG POWER INC | es99-2.htm |
News Release |
FOR IMMEDIATE RELEASE
PLUG POWER ANNOUNCES PUBLIC OFFERING
OF COMMON STOCK
LATHAM, N.Y., March 22, 2012 -- Plug Power Inc. (NASDAQ: PLUG), a leader in providing clean, reliable energy solutions, today announced that it intends to offer shares of its common stock in an underwritten public offering. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
Roth Capital Partners is acting as the sole manager for the offering.
All of the securities in the offering are to be sold by Plug Power. Plug Power intends to use the net proceeds of the offering for general corporate purposes, which may include working capital, capital expenditures, research and development expenditures, commercial expenditures, acquisitions of new technologies or businesses that are complementary to its current technologies or business focus, and investments.
The securities described above are being offered by Plug Power pursuant to a shelf registration statement on Form S-3 including a base prospectus, previously filed and declared effective by the Securities and Exchange Commission (SEC). The securities may be offered only by means of a prospectus. A preliminary prospectus supplement related to the offering will be filed with the SEC and will be available on the SEC's website located at www.sec.gov. Electronic copies of the preliminary prospectus supplement, when available, also may be obtained from Roth Capital Partners, LLC, Equity Capital Markets, 888 San Clemente Drive, Newport Beach, CA 92660, at 800-678-9147 and Rothecm@roth.com. Before you invest, you should read the preliminary prospectus supplement and the accompanying prospectus in that registration statement and other documents Plug Power has filed or will file with the SEC for more complete information about Plug Power and the offering.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
About Plug Power Inc.
The architects of modern fuel cell technology, Plug Power revolutionized the industry with cost-effective power solutions that increase productivity, lower operating costs and reduce carbon footprints. Long-standing relationships with industry leaders forged the path for Plug Powers key accounts, including Walmart, Sysco and Coca-Cola. With more than 2,000 GenDrive units shipped to material handling customers, accumulating over 5.5 million hours of runtime, Plug Power manufactures tomorrows incumbent power solutions today. Additional information about Plug Power is available at www.plugpower.com.
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Plug Power Inc. Safe Harbor Statement
This communication contains forward-looking
statements within the meaning of the Private Securities Litigation Reform Act
of 1995, including statements regarding increased reliability and improved lift
and towing capacity of Plug Powers GenDrive product, and Plug Powers
expectations regarding its HyPulsion joint venture. These statements are based
on current expectations that are subject to certain assumptions, risks and
uncertainties, any of which are difficult to predict, are beyond Plug Powers
control and that may cause Plug Powers actual results to differ materially
from the expectations in Plug Powers forward-looking statements including the
risk that unit orders will not ship, be installed and/or convert to revenue, in
whole or in part; the cost and timing of developing Plug Powers products and
its ability to raise the necessary capital to fund such development costs; the
cost and availability of fuel and fueling infrastructures for Plug Powers
products; market acceptance of Plug Powers GenDrive system; Plug Powers
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 Plug Powers products; Plug Powers ability to develop commercially
viable products; Plug Powers ability to reduce product and manufacturing
costs; Plug Powers ability to successfully expand its product lines; Plug
Powers ability to improve system reliability for GenDrive; competitive
factors, such as price competition and competition from other traditional and
alternative energy companies; Plug Powers ability to manufacture products on a
large-scale commercial basis; Plug Powers ability to protect its intellectual
property; the cost of complying with current and future governmental
regulations; and other risks and uncertainties discussed under Item IA-Risk
Factors in (i) Plug Powers annual report on Form 10-K for the fiscal year
ended December 31, 2010, filed with the Securities and Exchange Commission
(SEC) on March 31, 2011 and (ii) in Plug Powers quarterly report on Form
10-Q for the quarter ended September 30, 2011 filed with the SEC on November 9,
2011, as well as in the other reports Plug Power files from time to time with
the SEC. Plug Power does not intend to, and undertakes no duty to update
any forward-looking statements as a result of new information or future events.
Media Contact:Reid HislopPlug Power Inc.Phone: (518) 782-7700 ext. 1360media@plugpower.com |
Investor Relations Contact: Cathy Yudzevich Plug Power Inc. Phone: (518) 782-7700 ext. 1448 investors@plugpower.com |
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