"One of the key rationales for the acquisition of Stuart Energy was the opportunity to realize annualized cost savings of approximately US$8 million through reductions in workforce, the consolidation of facilities, and streamlining of corporate overhead and public company costs," states Pierre Rivard, President and CEO of Hydrogenics. "The 15% rapid staff reduction accrues immediate value to the transaction. Our combined revenue streams, strong balance sheet and reduced cost structure provide us with a lower risk profile and an accelerated pathway to commercial sustainability. Going forward, we have a committed team focused on driving the development and deployment of the most powerful product portfolio in the industry."

Hydrogenics has significantly advanced its plans to consolidate the two Mississauga operations under one roof at Hydrogenics' existing location. Stuart Energy employees have started to relocate to their new workplace, and full relocation is expected by the end of February. In addition, an integration team is working to take advantage of the best that both companies have to offer in financial and other IT systems, manufacturing processes, quality processes, product lines and branding practices.

"Thanks to the dedication of our combined employee base, we are making excellent progress in this comprehensive integration process," continues Mr. Rivard. "It is our intention to have the majority of integration issues behind us by the end of the first quarter and to be truly operating as one stronger, unified organization shortly thereafter. In the immediate time frame, we have a business to run. Our eye is very much on having a successful first quarter to start off the year. We are doing what is necessary through this integration period to ensure that our customer relationships across the board are secure."

About Hydrogenics

Hydrogenics Corporation (http://www.hydrogenics.com) is a leading global developer of clean energy solutions, advancing the Hydrogen Economy by commercializing hydrogen and fuel cell products. The company has a portfolio of products and capabilities serving the hydrogen and energy markets of today and tomorrow. Hydrogenics, based in Mississauga, Ontario, Canada, has operations in North America, Europe and Asia.

About Stuart Energy

Stuart Energy Systems Corporation (http://www.stuartenergy.com) is the world's leading developer and supplier of integrated hydrogen infrastructure solutions based on water electrolysis. Stuart Energy integrates its proprietary hydrogen generation technology with products from corporate partners to serve existing and emerging markets for industrial, distributed power generation and transportation applications.