"Toronto is uniquely positioned to leverage Canada's strong leadership position in fuel cell technology and commercialization," said Pierre Rivard, President and CEO of Hydrogenics Corporation. "By engaging the local expertise we can enhance and accelerate the development of a roadmap for sustainability for this city. We are excited by the opportunities that working with the TWRC might provide Hydrogenics and the entire Canadian hydrogen fuel cell industry."

TWRC and Hydrogenics have agreed to explore potential opportunities including specific demonstration projects, which showcase hydrogen and fuel cell technology and its benefits for waterfront revitalization. Potential projects could include: hydrogen-powered water shuttles; hydrogen-powered police patrols; and hydrogen-powered fleet projects.

"TWRC is committed to making Toronto's waterfront an international model for sustainable development. We want sustainability to define us and be the standard against which we are judged," said John Campbell, TWRC's President & CEO. "Hydrogenics has demonstrated the spirit of cooperation that will help to further not only the industry but will help set the direction for a sustainable city, starting with excellent opportunities on the waterfront."

In addition to investigating potential pilot projects, Hydrogenics and the TWRC have also agreed to explore planning for a "Green Zone" within the waterfront where clean energies could be promoted in daily operations within that area. As well, it could attract future siting of companies and organizations that would contribute to this future direction, for example progressive sustainability-minded companies, environmental think-tanks, academia, non-governmental organizations, and government partners.

About Hydrogenics

Hydrogenics Corporation (http://www.hydrogenics.com) is a leading clean power generation company, engaged in the commercialization of hydrogen and fuel cell technology and test stations for fuel cells. The company is building a sustainable business, in a potentially "game changing technology" for transportation, stationary and portable power. Hydrogenics, based in Mississauga, Ontario, Canada, has operations in British Columbia, Canada, Japan, the United States and Germany.

About Toronto Waterfront Revitalization Corporation

The Government of Canada, the Province of Ontario and the City of Toronto established TWRC to lead the revitalization of Toronto's 2000-acre central waterfront. The corporation believes that what is done on Toronto's waterfront can and will set new standards for best practices in sustainability not only in Canada but throughout the world. (http://www.towaterfront.ca)

This release contains forward-looking statements within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Law of 1995. These statements are based on management's current expectations and are subject to changes in the competitive environment adversely affecting the products, markets, revenues or margins of Hydrogenics' business. Readers should not place undue reliance on Hydrogenics' forward-looking statements. Investors are encouraged to review the section captioned "Risk Factors" in Hydrogenics' registration statement on form F-10 filed with the Securities and Exchange Commission on February 3, 2004 for a more complete discussion of factors that could affect Hydrogenics' future performance. Hydrogenics undertakes no obligations to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

SOURCE Hydrogenics Corporation

Hydrogenics Investors - Gary Brandt, Chief Financial Officer of
Hydrogenics Corporation, +1-905-361-3633, investors@hydrogenics.com; or
Hydrogenics Media - Melody Gaukel of Ketchum for Hydrogenics, +1-416-544-4906,
melody.gaukel@ketchum.com; Marisa Piattelli, Vice-President Special Project
Management of TWRC, +1-416-214-9319, mpiattelli@towaterfront.ca; or TWRC Media
- Kristin Jenkins, VP Public Affairs of TWRC, +1-416-214-1479,
kjenkins@towaterfront.ca