Plug Power to Open Floor at Nasdaq Today; Fuel Cell Company Celebrates Fifth Year as Public Company

Plug Power to Open Floor at Nasdaq Today; Fuel Cell Company
Celebrates Fifth Year as Public Company 


LATHAM, N.Y., Oct. 29  /PRNewswire-FirstCall/ -- Plug Power Inc. (NASDAQ:
PLUG), a leader in the development of proton exchange membrane fuel cell
systems, announced today that Dr. Roger B. Saillant, President and CEO, Plug
Power, will open the NASDAQ Stock Market and participate in the market open
ceremony today at 9:30 a.m. EDT to mark Plug Power's fifth year as a public
company.

"Since our first day as a public company five years ago, we have been focused
on developing products that provide clean, reliable on-site energy," said
Saillant.  "We are targeting near term markets for premium backup power in the
telecommunications industry and positioning the Company for longer term
stationary markets utilizing fuel cells for prime power applications."

Plug Power began selling its flagship product late last year, the GenCore(R)
5T, a 5kW fuel cell system that provides backup power for the
telecommunications industry.  Plug Power has generated electricity for backup
and grid-parallel power applications in more than 400 fuel cell systems
worldwide.

The 9:30 a.m. EDT market opening will be broadcast live on the NASDAQ Tower in
Times Square and made available to broadcast television. The Market Opening
will also be webcast live at http://www.nasdaq.com/ (click on NASDAQ MarketSite
and Tower).

For broadcast outlets interested in satellite feed information, the NASDAQ
Market Open ceremony is available from 9:20 a.m. EDT to 9:35 a.m. EDT on Galaxy
4R C/transponder 21. The downlink frequency is 4120 vertical; audio: 6.2/6.8.
The satellite feed can also be found on Waterfront fiber 1623. If you have any
questions about the satellite feed, please contact NASDAQ's Traffic Department
at [phone].

About Plug Power

Plug Power Inc. designs and develops on-site energy systems based on proton
exchange membrane fuel cells. Plug Power's strategic partners include GE Fuel
Cell Systems, DTE Energy Technologies, Vaillant GmbH, Honda R&D Co., Ltd.,
Engelhard Corporation and Pemeas GmbH (formerly Celanese Ventures.) The
Company's headquarters are located in Latham, N.Y., with offices in Washington,
D.C., and The Netherlands.  For more information on Plug Power, go to
http://www.plugpower.com/.

This press release may contain statements, which are not historical facts and
are considered forward-looking within the meaning of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements contain
projections of Plug Power's future results of operations, Plug Power's product
development expectations or of Plug Power's financial position or state other
forward-looking information. In some cases you can identify these statements by
forward-looking words such as "anticipate," "believe," "could," "estimate,"
"expect," "intend," "may," "should," "will" and "would" or similar words. You
should not rely on forward-looking statements because Plug Power's actual
results may differ materially from those indicated by these forward- looking
statements as a result of a number of important factors. These factors include,
but are not limited to, Plug Power's ability to develop commercially viable
on-site energy products; the cost and timing of developing Plug Power's on-site
energy products; market acceptance of Plug Power's on-site energy products;
Plug Power's reliance on its relationship with certain affiliates of General
Electric (GEFCS); Plug Power's ability to perform on its multi- generation
product plan in a manner satisfactory to GEFCS; Plug Power's ability to
manufacture on-site 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 on-site energy products; the ability to
raise and provide the necessary capital to develop, manufacture and market Plug
Power's on-site 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; Plug Power's ability to protect its intellectual property; Plug
Power's ability to lower the cost of its on-site 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 on-site energy products;
fluctuations in the trading price and volume of Plug Power's common stock and
other risks and uncertainties discussed under the heading "Factors Affecting
Future Results" in Plug Power's annual report on Form 10-K for the fiscal year
ended December 31, 2002, dated March 31, 2003 and filed with the Securities
Exchange Commission on March 31, 2003, and the reports Plug Power files from
time to time with the Securities and Exchange Commission. Plug Power does not
intend to and undertakes no duty to update the information contained in this
press release. 

DATASOURCE: Plug Power Inc.



CONTACT:  Cynthia Mahoney White, Manager, Public Relations & Marketing,

[phone], ext. 1973, for Plug Power Inc.



Web site:  http://www.plugpower.com/

http://www.nasdaq.com/ 

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