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Plug Power Inc. (NASDAQ: PLUG), a provider of clean, reliable on-site energy products, today announced that IST Holdings (PTY) Ltd. (IST), a Plug Power distributor headquartered in Pretoria, South Africa, has issued a follow-on purchase order for 120 of the Company's GenCore(R) backup fuel cell systems.
Plug Power will continue to build on its growing presence in South Africa and is currently participating in the 9th annual GSM 3G Africa conference, a leading Pan-African communication event. Plug Power is exhibiting its GenCore backup fuel cell system, including a new battery free model that utilizes ultracapacitor technology. More than 3,500 attendees, including representatives of Africa's leading telecommunication and utility companies, are expected to attend the event.
"The ultracapacitor feature allows us to better meet the demands of customers that require reliable on-site backup power in remote regions, where immoderate climates and severe temperatures negatively impact battery life spans and overall performance," noted Mark Sperry, Plug Power's Chief Marketing Officer.
In December 2005, the International Finance Corporation (IFC), the private sector arm of the World Bank Group, awarded a $3 million grant to IST and Plug Power to install 400 fuel cells in remote locations and cities throughout South Africa over a three-year period. IST operates throughout Africa's southern countries and sees the supply of fuel cells in South Africa under the IFC program as a logical step toward introducing fuel cells and other renewable energy projects across the African continent.
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