Plug Power Inc. (Nasdaq: PLUG) was recently awarded a $1.8
million contract by the U.S. Department of Defense for the Common Core
Power Production Program.
The U.S. Air Force is seeking long-term acquisition of modular, deployable
power generation and distribution systems, which include fuel cells. This
program will help develop application and integration platforms for a variety
of stationary and light mobility applications for the U.S. military. The
objective is to develop power generation equipment that can be acquired
through standard Air Force acquisition processes.
"We are very pleased with this opportunity to work with the U.S. Air
Force and the U.S. Army Corps of Engineers," said Mark Sperry, Plug Power
Chief Marketing Officer. "We are always looking for more applications to
apply our core technology and are excited about the possibilities brought
by the Common Core Power Production Program."
Under this Program, a total of 15 GenCore® systems will be placed
in both fielded demonstration programs and laboratory test programs to
develop and validate application requirements for integration into infrastructure
support systems.
Additionally, this program will also fund Plug Power research and development
and integration activities addressing deployable power. These activities
will expand the market application of Plug Power's GenCore product platform
and provide value in both military and commercial applications.
Plug Power expects to receive approximately $1.8 million in cash during
this one-year program, which is being funded by the U.S. Air Force, Advanced
Power Transformation Office, and managed by the U.S. Army Corps of Engineers,
Engineer Research and Development Center.
About Plug Power
Plug Power Inc. designs and develops on-site energy systems based on
proton exchange membrane fuel cells. Plug Power's strategic partners include
GE Fuel Cell Systems, DTE Energy Technologies, Vaillant GmbH, Honda R&D
Co., Ltd., Engelhard Corporation and Celanese Ventures. The Company's headquarters
are located in Latham, N.Y., with offices in Washington, D.C., and The
Netherlands.