Announcements
Altergy Increases Production Capacity
Company Experiencing Growing Global Demand For Fuel-Cell Systems
FOLSOM, CA, November 4, 2010 – Altergy Systems today announced that it has expanded the capacity of its automated fuel-cell assembly line - the first and only one in the world - to support its increasing global customer demand and continuing growth into new international markets.
These assembly-line enhancements increase Altergy’s production capacity to approximately $370 million annually in fuel-cell systems.
Altergy is the world’s first company to design fuel cells that can be mass produced at low cost. The company’s emission-free systems are becoming the clean-energy solution standard for telecommunications back-up power and other mission-critical applications.
“These enhancements to our production process will enable us to more easily serve customer needs and meet growing demand for our products,” said Eric Mettler, Altergy president and chief executive officer. “They also demonstrate our leadership position in the industry and will help us achieve our mission of Changing the Way the World Gets Its Power.”
In August, Altergy also announced a partnership with the Republic of South Africa to build an additional Altergy manufacturing and assembly plant there to serve South Africa and other Sub-Saharan African markets.
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About Altergy
Altergy Systems® is the global leader in the design, manufacture, sales, marketing and deployment of fuel cell power systems. Altergy's Freedom Power™products provide freedom from the grid, freedom from foreign oil, freedom from traditional energy solutions, freedom from batteries and freedom from pollution and are “Changing the Way the World Gets Its Power.”
For more information about Altergy Systems, visit www.altergy.com .
Altergy, Altergy Systems and Freedom Power are trademarks of Altergy Systems. Copyright © 2001-2010 Altergy Systems. All Rights Reserved.
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Media Contact:
Gene Endicott
916.719.7214
gene@endicottcommunications.com
Investor / Analyst Contact:
Terry Carlone
916.458.9406
terry.carlone@altergy.com
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Caution Concerning Forward-Looking Statements
This press release (and oral statements made regarding the subjects of this release) contains forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995, or the Reform Act) which may include, but are not limited to, statements regarding Altergy’s earnings estimates, plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts, including statements identified by words such as “believe,” “plan,” “seek,” “expect,” “intend,” “estimate,” “anticipate,” “will,” and similar expressions. All statements addressing operating performance, events, or developments that Altergy expects or anticipates will occur in the future are based on management's current views and assumptions regarding future events and operating performance, and are inherently subject to significant business, economic, and competitive uncertainties and contingencies and changes in circumstances, many of which are beyond Altergy’s control. The statements in this press release are made as of the date of this press release, even if subsequently made available by Altergy on its website or otherwise. Altergy does not undertake any obligation to update or revise these statements to reflect events or circumstances occurring after the date of this press release. Although Altergy does not make forward-looking statements unless it believes it has a reasonable basis for doing so, Altergy cannot guarantee their accuracy. The foregoing factors, among others, could cause actual results to differ materially from those described in these forward-looking statements.
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