Tyco Electronics Power Systems Signs Distribution Agreement for Plug Power's GenCore Fuel Cell System

Tyco Electronics Power Systems Signs Distribution Agreement for
Plug Power's GenCore Fuel Cell System 


LATHAM, N.Y., Sept. 21  /PRNewswire-FirstCall/ -- Plug Power Inc. (NASDAQ:
PLUG) announced today an agreement with Tyco Electronics Power Systems, Inc.,
under which Tyco Electronics will market and sell Plug Power's GenCore(R)5T
fuel cell systems for telecommunication backup applications throughout the
United States and Canada.

(Logo:  http://www.newscom.com/cgi-bin/prnh/20021024/PLUGLOGO )

Under the agreement with Plug Power, Tyco Electronics will market, promote and
sell the GenCore product through its direct sales force, under both the Tyco
Electronics and Plug Power brands. The distribution agreement formalizes a
working relationship between the companies that has been actively addressing
technology, marketing, reliability and certification for more than a year, and
is complemented by a previously announced nationwide service and installation
agreement between Plug Power and Tyco Electronics Installation Services Inc.

"These systems are real and ready to deploy now," said Sabi Varma, Vice
President of Marketing and Business Operations at Tyco Electronics Power
Systems.  "We've taken the time to understand the technology and how it fits
into telecom power systems, and we're ready to offer this disruptive technology
to the market."

"Tyco Electronics has strong relationships with the major telecommunications
companies in both the wireline and wireless sectors," said Mark Sperry, Chief
Marketing Officer, Plug Power.  "With its reputation, full portfolio of power
products and broad expertise, Tyco Electronics brings significant credibility
to the sales process, as well as highly capable engineering, sales and
marketing organizations. This relationship, combined with our installation and
services relationship with Tyco Electronics Installation Services, positions
Plug Power with the market access and support necessary to achieve real
commercial traction."

About GenCore(R)

GenCore(R)5T is Plug Power's first direct hydrogen 5kW backup power product,
designed to increase network reliability while reducing lifecycle costs for
telecommunication networks.

About Tyco Electronics Power Systems

Tyco Electronics Power Systems, a division of Tyco Electronics, is a leading
global provider of innovative, reliable power supply products including AC-DC
and DC-DC switching power supplies, batteries and complete communications and
energy power systems.  Tyco Electronics Power Systems also offers custom
design, engineering, installation and technical support services to its
customers.

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.

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, 2003, dated March 11, 2004 and filed with the Securities
Exchange Commission on March 11, 2004, 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. 

http://www.newscom.com/cgi-bin/prnh/20021024/PLUGLOGODATASOURCE: Plug Power
Inc.



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

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

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