Key Developments: Hydrogenics Corp (HYG.TO)

HYG.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

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

Hydrogenics Corp reaffirms FY 2014 guidance
Wednesday, 7 May 2014 06:30am EDT 

Hydrogenics Corp:Says it remain on track for at least $50 million in revenue for FY 2014.Says it will achieve the goal of positive adjusted EBITDA for FY 2014.FY 2014 revenue of $54 million - Thomson Reuters I/B/E/S.  Full Article

Hydrogenics Corp gives Q1 2014 revenue outlook below analysts' estimates; reiterates FY 2014 outlook
Friday, 4 Apr 2014 06:33am EDT 

Hydrogenics Corp:Expects to realize between $7.0 and $7.5 million of revenue Q1 2014.Re-iterates the previously announced FY 2014 outlook that it will exceed $50 million in revenue and will surpass break-even adjusted EBITDA.Q1 2014 revenue of $12 mln - Thomson Reuters I/B/E/S.FY 2014 revenue of $53.7 mln and EBITDA of $(3.10) mln - Thomson Reuters I/B/E/S.  Full Article

Hydrogenics Corp receives contracts for Fueling Stations in the UK
Wednesday, 29 Jan 2014 06:30am EST 

Hydrogenics Corp:Says it has been awarded two contracts for fueling stations in the United Kingdom.Says the first contract includes three HySTATTM 60 electrolyzers for BOC, a member of The Linde Group for installation as part of a large fueling station due to be constructed in 2014 for Aberdeen City Council's Kittybrewster depot in Scotland.Says the second contract, also with BOC, calls for a HySTATTM 30 electrolyzer to be installed as part of a fueling station in Swindon, England for Honda Motor company.Says the electrolyzer will provide 65 kg of Hydrogen per day and is expected to be operational during the second half of 2014, as is the Kittybrewster installation.  Full Article

Hydrogenics Corp secures C$3.8 mln Energy Storage Contract
Thursday, 16 Jan 2014 06:30am EST 

Hydrogenics Corp:Says it has been awarded a C$3.8 mln contract to supply a micro-grid energy storage application in Canada.Says this energy storage project will store surplus wind energy as hydrogen using a Hydrogenics HySTAT60TM electrolyzer operating at 320 kW of energy absorption.Says it expects to deliver this project in late 2014.  Full Article

Hydrogenics Corp Secures Contract For Fueling Station In Italy
Tuesday, 18 Jun 2013 06:30am EDT 

Hydrogenics Corp announced that the Company has been awarded a contract for three HySTAT-60 electrolyzers by The Linde Group for installation as part of a fueling station in Bolzano, Italy. Terms of the award were not disclosed.  Full Article

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