Units Now in Production to Fulfill Customer Demand
LATHAM, N.Y. -- Plug Power Inc. (NASDAQ:PLUG), a leader in providing clean, reliable energy solutions, today launches the GenDrive 3340 fuel cell unit into production to fulfill customer orders. The GenDrive 3340 is Plug Power's next-generation GenDrive Series 3000 product for pallet jack electric lift trucks.
The unit is designed around Plug Power's air-cooled fuel cell stack. This new stack enables a simplified unit design and features greater fuel efficiency, leading to both higher reliability and longer run times. Additionally, the GenDrive 3340 provides constant voltage resulting in less wear and tear on the truck's electronics, reducing the need for service and maximizing uptime. The fuel cells have proven themselves in all warehouse and distribution center conditions, and, unlike lead acid batteries, perform especially well in extreme conditions such as cold storage facilities.
"Plug Power continues to lead the industry with state-of-the-art products that customers can rely on to drive their business," said Andy Marsh, CEO of Plug Power. "The GenDrive 3340 offers customers an expanded ability to increase productivity with lower operational costs, and with increased runtime. Customers will see even more efficiency in their operations. It's also an important move for Plug Power to expand the use of our in-house technology, which improves our product margins."
Plug Power is currently building the first production units to ship to customers in the fourth quarter of 2015. The units are manufactured in Plug Power's Latham, New York, facility.