ChevronTexaco Contracts for Hydrogenic's Hydrogen Generator
Hydrogenics Corporation (TSX: HYG and Nasdaq: HYGS), a developer and manufacturer of hydrogen and fuel cell products, today announced that the Company has undertaken a second work order with ChevronTexaco Technology Ventures LLC under the master services agreement signed between the two companies earlier this year.
Hydrogenics' contract is for the provision of engineering and product-related services to integrate a fully packaged hydrogen generator based on proprietary natural gas reforming technology being developed by ChevronTexaco. Plans for the facility include ultimately having the capacity to generate 150 kg/day of hydrogen to serve the fueling needs of a fleet of fuel cell demonstration buses at AC Transit in Oakland, California. The station is under construction and scheduled for completion in the Fall of 2005.
"We believe the projects for which we are subcontractors to ChevronTexaco Technology Ventures have potential long-term implications for our company both from a technology standpoint and a partnership standpoint," said Pierre Rivard, President and CEO of Hydrogenics. "As such they are an important component of our emerging portfolio of hydrogen generation and refueling technologies."
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