Plug Power Announces New Agreements With Honda for Next Phase of Home Energy Station and R&D Collaboration

 

Plug Power Announces New Agreements With Honda for Next Phase of Home
Energy Station and R&D Collaboration
Thursday March 16, 12:12 pm ET
Plug Power Achieves 2006 Public Milestone


LATHAM, N.Y., March 16 /PRNewswire-FirstCall/ -- Plug Power Inc.
(Nasdaq: PLUG - News), a leader in providing clean, reliable on-site
energy, today announced two new agreements with Honda R&D Company, Ltd.
of Japan to continue expanding the companies' collaborative efforts.
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The first of the new agreements covers the fourth consecutive phase of
joint development of the Home Energy Station. The Home Energy Station
is a fuel cell system that provides electricity and heat to a home or
business, while also providing hydrogen fuel for a fuel cell vehicle.
The companies completed the previous phase in November 2005 with the
successful commissioning of the third-generation Home Energy Station at
Honda R&D Americas' facility in Torrance, Calif. This third-generation
system is 30 percent smaller in size than its predecessor, with 25
percent more power output, more hydrogen storage capacity, higher
efficiency and significantly faster startup time. The continued
phase-over-phase improvement trend is expected to continue with Phase
4. Under this new agreement, Honda R&D will continue to fund Plug
Power's work on the Home Energy Station.

The second new agreement is focused on fundamental research and
development work that Plug Power is conducting under funding from
Honda. This agreement is focused on the advancement of technology for
future Home Energy Stations, as well as more generalized applications,
which are expected to benefit other Plug Power products. The system is
expected to be more environmentally friendly than traditional energy
devices due to its higher efficiency and lower emissions.

"We are excited to announce the completion of these contracts and the
achievement of our public milestone related to our continuing
relationship with Honda," said Mark Sperry, Plug Power Chief Marketing
Officer. "We are honored to be working with Honda on such important
initiatives and look forward to the benefits of our ongoing and growing
collaboration."

A model of the Home Energy Station was on display in Honda's booth this
week at the National Hydrogen Association Annual Hydrogen Conference in
Long Beach, Calif.

About Honda:

Honda began operations in North America in 1959 with the establishment
of American Honda Motor Co., Inc., Honda's first overseas subsidiary.
Using domestic and globally sourced parts, Honda began assembling
motorcycles in America in 1979, with U.S. automobile manufacturing
starting in 1982. Honda designs, manufactures and markets its products
in North America and worldwide. Honda currently builds products in 12
manufacturing plants in North America, with three major R&D centers in
the U.S.

 


{More Plug Power spam and lies deleted}

Dear Irritating Spambot:

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history of LYING about their purported products (which have never become
available at the time or price promised) has got one ON THE SHELF for
immediate consumer purchase, at a competitive consumer price, with a
good, long warrantee.

Even then I doubt I'd buy one, simply based on years of lies and spam
creating a bad impression of Plug Power's "integrity".

Courtesy the Wayback machine at Archive.org, circa 1998 and 1999 (and as
best I recall, it was being advertised on GE's website before Plug Power
got their own website, even earlier):


Son-of-a-b*tch, where in the heck has this thing been for the past 6
years? Eh? Well then, GO AWAY until you actually HAVE IT BUILT.

Lying scum.

--
Cats, coffee, chocolate...vices to live by