Crown Equity Holdings, Inc.: CRWENews.com Stock Watch Highlights: PLUG

Posted on: Mon, 29 Jun 2009 04:15:00 EDT


Symbols: CRWEE, PLUG
Las Vegas, Jun 29, 2009 (M2 PRESSWIRE via COMTEX) --
PLUG | Quote | Chart | News | PowerRating -- CRWENews.com would like to highlight a stock watch on Plug Power Inc. (Nasdaq: PLUG, a leader in providing clean, reliable energy solutions, today June 26, 2009 announced it has been selected to provide 19 class 1 GenDrive fuel cell power units and two years of managed services for a demonstration project funded by the Department of Defense (DoD).

Plug Power's GenDrive units will be commissioned at the U.S. Army's Forces Command in Fort Lewis, Washington where they will power a fleet of sit-down counterbalanced lift trucks.

The two-year project will study and assess the use of wastewater treatment plant digester gas as a hydrogen source for fuel cells. The hydrogen created will power the fuel cell forklifts used for heavy maintenance work at Fort Lewis.

Under the project, Plug Power will receive approximately $1.5 M in funding to supply 19 fuel cell units as well as expertise in system integration, training, service and support for 24 months. The GenDrive power units will be commissioned at Fort Lewis during the third quarter of 2010.

"When compared to lead acid batteries, Plug Power's GenDrive fuel cells offer customers proven economic, operational and environmental benefits," said Andy Marsh, CEO at Plug Power. "This Army site demonstration project will provide an opportunity to run our products under rigorous, real-world conditions, adding to the mounting evidence in support of the commercial viability of hydrogen fuel cells."

About Plug Power Inc.

Plug Power Inc. (Nasdaq:PLUG - News), an established leader in the development and deployment of clean, reliable energy solutions, integrates fuel cell technology into motive, continuous and backup power products.

The Company is actively engaged with private and public customers in targeted markets throughout the world. For more information about how to join Plug Power's energy revolution as an investor, customer, supplier or strategic partner, please visit www.plugpower.com.

The Plug Power Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4446

Safe Harbor Statement This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including but not limited to statements regarding our growth plan. We believe that it is important to communicate our future expectations to our investors. However, there may be events in the future that we are not able to accurately predict or control and that may cause our actual results to differ materially from the expectations we describe in our forward-looking statements, including, without limitation, the risk that unit orders will not ship, be installed and/or convert to revenue, in whole or in part; Plug Power's ability to develop commercially viable energy products; the cost and timing of developing Plug Power's energy products; market acceptance of Plug Power's energy products; Plug Power's ability to manufacture energy products on a large-scale commercial basis; competitive factors, such as price competition and competition from other traditional and alternative energy companies; the cost and availability of components and parts for Plug Power's energy products; Plug Power's ability to establish relationships with third parties with respect to product development, manufacturing, distribution and servicing and the supply of key product components; the cost and availability of fuel and fueling infrastructures for Plug Power's energy products; Plug Power's ability to protect its Intellectual Property; Plug Power's ability to lower the cost of its energy products and demonstrate their reliability; the cost of complying with current and future governmental regulations; the impact of deregulation and restructuring of the electric utility industry on demand for Plug Power's energy products; and other risks and uncertainties discussed under "Item IA-Risk Factors" in Plug Power's annual report on Form 10-K for the fiscal year ended December 31, 2008, filed with the Securities and Exchange Commission ("SEC") on March 16, 2009, and the reports Plug Power files from time to time with the SEC. Plug Power does not intend to and undertakes no duty to update the information contained

About CRWENews.com

CRWENews.com is an independent electronic informative online financial news publication company dedicated in providing company associates, business and financial professionals with economic and investment information, as well as stock highlights. CRWENews, and DrStockPick.com are Crown Equity Holdings, Inc. division companies.

CRWENews.com is not a registered investment advisor or broker-dealer. CRWENews.com, and Crown Equity Holdings, Inc., (CRWE) affiliates, officers, directors, contractors and employees, including may buy and sell additional shares in any company mentioned herein and may profit in the event those shares rise in value. Please do your own Due Diligence before investing in any of the stocks mentioned above.

Never invest in any stock featured on our sites, emails or alerts unless you can afford to lose your entire investment.

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The disclaimer is to be read and fully understood before using our sites, stock alerts or joining our email list.

CRWENews.com, and Crown Equity Holdings, Inc. associates, consultants, employees are not registered as Investment Advisor or Broker Dealer in any jurisdiction whatsoever. Full disclaimer can be read at http://www.crwenews.com.

Release of Liability: Through use of our website, Email Alerts, and stock alerts viewing or using, you agree to hold Crown Equity Holdings, Inc., its operators, shareholders, consultants, associates and employees harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damage (monetary or otherwise), or injury (monetary or otherwise) that you may incur. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. CRWENew.com and Crown Equity Holdings, Inc. affiliates and associates may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. Crown Equity Holdings, Inc. encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and CRWENews.com makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies.

CONTACT: Kenneth Bosket, Crown Equity Holdings, Inc
e-mail: ccollins@crownequityholdings.com
Tel: +1 702 448 1543
Fax: +1 702 258 9007

((M2 Communications disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.

For full details on (CRWEE) CRWEE. (CRWEE) has Short Term PowerRatings at TradingMarkets. Details on (CRWEE) Short Term PowerRatings is available at This Link.

For full details on Plug Power Inc (PLUG) PLUG. Plug Power Inc (PLUG) has Short Term PowerRatings at TradingMarkets. Details on Plug Power Inc (PLUG) Short Term PowerRatings is available at This Link.

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