Key Developments: Hydrogenics Corp (HYG.TO)

HYG.TO on Toronto Stock Exchange

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31 Jul 2015
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Latest Key Developments (Source: Significant Developments)

Hydrogenics Corp and Alstom SA Sign Agreement to Develop and Commercialize Hydrogen-Powered Commuter Trains in Europe
Wednesday, 27 May 2015 06:30am EDT 

Hydrogenics Corp:Signed a 10 year exclusive agreement to supply Alstom SA Transport with hydrogen fuel cell systems for Regional Commuter Trains in Europe.The agreement, valued at over EUR50 million, includes the supply of at least 200 engine systems along with service and maintenance as necessary over a 10 year period. Hydrogenics was selected by Alstom following a rigorous technical review process.  Full Article

Hydrogenics announces closing of debt facility
Friday, 8 May 2015 06:30am EDT 

Hydrogenics Corp:Completes closing of its previously announced $7.5 million loan facility with a syndicate of lenders led by Cinnamon Investments Limited, including the issuance to the lenders of 250,000 share purchase warrants.Each warrant is exercisable for one common share of the company at an exercise price of $15.00 per common share.Company intends to use its net proceeds from the facility primarily for manufacturing expansion and general corporate purposes.  Full Article

Hydrogenics Corp announces agreement on debt facility
Wednesday, 6 May 2015 10:00pm EDT 

Hydrogenics Corp:Enters into binding agreement with syndicate of lenders led by Cinnamon Investments Ltd for an 18 month, $7.5 million loan facility.As consideration for providing loan facility, lenders will be granted 250,000 share purchase warrants.Each warrant will be exercisable for one common share of Hydrogenics at an exercise price of $15.00 per common share.Warrants will be non-transferrable and will expire four years from date of closing.Origin Merchant Securities Inc. acted as advisors to Hydrogenics on loan facility.  Full Article

Hydrogenics Corp awarded $4.4 mln in projects from the California Energy Commission
Monday, 30 Mar 2015 06:30am EDT 

Hydrogenics Corp:Announced that it has been awarded two projects valued, in aggregate, at $4.4 mln by the California Energy Commission for its Medium and Heavy-Duty Vehicle Technology Demonstration program.  Full Article

Hydrogenics Corp reaffirms FY 2014 outlook
Monday, 10 Nov 2014 06:30am EST 

Hydrogenics Corp:Says it expect the fourth quarter's top line improvement to carry Hydrogenics over $50 mln in revenue for FY 2014, as previously forecast, on the back of higher electrolyzer and fuel cell shipments.Expects to achieve positive Adjusted EBITDA for FY 2014.FY 2014 revenue of $52 mln - Thomson Reuters I/B/E/S.  Full Article

Hydrogenics Corp reaffirms FY 2014 guidance
Wednesday, 30 Jul 2014 06:30am EDT 

Hydrogenics Corp:Forecasts achieving positive adjusted EBITDA and over $50 mln in revenue for FY 2014.FY 2014 revenue of $52 mln - Thomson Reuters I/B/E/S.  Full Article

Hydrogenics Corp signs agreement to create Kolon Hydrogenics joint venture for power generation in South Korea
Monday, 23 Jun 2014 06:30am EDT 

Hydrogenics Corp:Signing of definitive agreement to create joint venture with Kolon Water & Energy, part of conglomerate in South Korea.Joint venture will look to capitalize on these renewable energy opportunities.Says South Korea has significant focus on deployment of clean, efficient fuel cell technology.Joint venture represents important step toward megawatt and multi-megawatt installations of PEM fuel cell products.First 1MW of production has already been ordered and is expected to be ready for delivery by early 2015.Contract includes both fuel cell array as well as a 20-year maintenance and service agreement.Additional fuel cell orders are expected in coming quarters, to complete multi-megawatt initial project rollout by 2016.  Full Article

Hydrogenics Corp announces closing of underwritten public offering
Friday, 16 May 2014 01:45pm EDT 

Hydrogenics Corp:Completes previously announced underwritten public offering of 1.5 mln common shares at price of $15.00 per share.Says after deducting underwriter discount and commissions, company receives proceeds before expenses of $14,212,500.Company intends to use its net proceeds from Offering primarily for general corporate purposes, including to support any negative cash flows from operating activities.Company will not receive any proceeds from sale of common shares by CommScope.Canaccord Genuity is acting as the sole book-running manager, and Craig-Hallum Capital Group and Roth Capital Partners are acting as co-managers for the Offering.  Full Article

Hydrogenics announces pricing of US$22.5 mln public offering of common shares
Wednesday, 14 May 2014 08:30am EDT 

Hydrogenics Corp:Prices its previously announced public offering of 1.5 mln common shares at a price of US$15.00 per share.Net proceeds to be about US$13.7 mln.Canaccord Genuity is acting as the sole book-running manager, and Craig-Hallum Capital Group and Roth Capital Partners are acting as co-managers for the Offering.Intends to use net proceeds for general corporate purposes.  Full Article

Hydrogenics Corp announces proposed public offering of common shares
Tuesday, 13 May 2014 04:01pm EDT 

Hydrogenics Corp:Commences underwritten public offering of common shares from treasury and from CommScope, Inc. of North Carolina.Canaccord Genuity Inc. is acting as sole book-running manager for the proposed Offering.Says it will not receive any proceeds from the sale of common shares by CommScope.  Full Article

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