Plug Power Announces Two New Distribution Partners to Access Targeted Markets in U.S. and South Kore
am 09.03.2006 16:10:23 von lkgeo1Plug Power Announces Two New Distribution Partners to Access Targeted
Markets in U.S. and South Korea
Thursday March 9, 7:24 am ET
LATHAM, N.Y., March 9 /PRNewswire-FirstCall/ -- Plug Power Inc.
(Nasdaq: PLUG - News), a leader in providing clean, reliable on-site
energy, today announced agreements with LOGANEnergy Corp. and Pacific
Telepoint Inc. to distribute the Company's GenCore=AE product line to
customers in the United States and South Korea, respectively.
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Consistent with Plug Power's sales and marketing strategy, these new
distributors will be targeting customers in the telecom, utility and
public sectors, where the need for reliable, extended-run backup power
is critical. LOGANEnergy plans to target their existing customer base
of government agencies such as the U.S. Department of Defense, U.S.
Department of State and the Federal Aviation Administration. Pacific
Telepoint intends to distribute Plug Power's GenCore systems to various
South Korean telecommunications, industrial and utility companies.
"In keeping with our 2006 milestone of expanding our network of channel
and strategic partners, I am pleased to announce the addition of
LOGANEnergy and Pacific Telepoint to the family of GenCore
distributors," said Mark Sperry, Chief Marketing Officer of Plug Power.
"Both LOGANEnergy and Pacific Telepoint have made purchase commitments
and have already sold and installed GenCore systems with key end user
accounts in their respective territories."
The GenCore product line includes backup power products for the
telecommunication, uninterruptible power supply and electric utility
markets. The hydrogen-fueled GenCore 5-kilowatt backup fuel cell system
is available in seven configurations to serve the broad needs of these
applications.
About LOGANEnergy Corp.
LOGANEnergy Corp. works closely with fuel cell manufacturers to assist
their commercialization strategies. Its product catalog includes PEM,
PAFC and CARBONATE power plants ranging from 5kW to 2MW capacities
designed for Residential/Light Commercial, Commercial and Industrial
applications. The company's staff has installed more than 75 fuel cell
power plants exceeding 8MW capacity at more than 65 locations.
Customers include Department of Defense, fuel cell manufacturers,
utilities, banks, universities, real estate developers and other
business centers.
About Pacific Telepoint Inc.
Pacific Telepoint Inc. is a newly formed company combining the
strengths of Solectek and CHP-Tech. Solectek manufactures Non Line of
Sight (NLOS) communication systems and wireless system integrator for
enterprise networks, government networks, carrier traffic backhauls and
video surveillance. CHP-Tech is an experienced installer of fuel cell
systems for prime power, hydrogen vehicle refueling, and backup power.
Customers include local natural gas, LPG and city gas companies,
telecommunication service providers and universities.