August 28, 2006

Hydrogenics joins industry consortium dedicated to accelerating PHEVs

MISSISSAUGA, ONT-Hydrogenics has joined the Plug-In Hybrid Development Consortium, a group of automotive suppliers, manufacturers and other organizations working together to accelerate the commercial production of plug-in hybrid electric vehicles (PHEVs). PHEVs are dual-mode hybrids that can run on low-cost electric fuel or on gasoline. Plug-in hybrids can significantly improve fuel economy by driving their first 25 to 50 miles on clean renewable electric fuel for about 1/4 the price of gasoline before turning on the combustion engine. Many experts contend that widespread use of plug-in hybrids could greatly contribute to reducing both emissions and dependency on foreign oil. The consortium says a battery-dominant fuel cell PHEV allows the best of fuel cell and battery technologies to co-exist in one vehicle with extended driving range, zero emissions, and domestically produced fuel. Hydrogenics specializes in commercializing hydrogen and fuel cell products. As a provider of hydrogen and fuel cell products, the company joined the Hybrid Consortium to participate in the development of plug-in hybrid vehicles. The Hybrid Consortium was organized to help reduce the R&D gap between component suppliers and original equipment manufacturers (OEMs). The Consortium intends to work with automobile manufacturers by co-ordinating and accelerating the development of hybrid components and demonstrate these advanced technologies in "next generation" plug-in hybrid electric vehicles. Membership is divided into two groups, developers and advisors. More information is available on the Consortium Web site, www.hybridconsortium.org.

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