Hydrogenics Corp (HYG.TO) Key Developments | Reuters.com
Edition:
United States

Hydrogenics Corp (HYG.TO)

HYG.TO on Toronto Stock Exchange

9.39CAD
24 Jun 2016
Change (% chg)

$0.05 (+0.54%)
Prev Close
$9.34
Open
$9.00
Day's High
$9.39
Day's Low
$9.00
Volume
6,005
Avg. Vol
2,745
52-wk High
$16.19
52-wk Low
$7.92

Latest Key Developments (Source: Significant Developments)

Hydrogenics signs development agreement with SinoHytec
Wednesday, 8 Jun 2016 06:30am EDT 

Hydrogenics Corp : Hydrogenics signs development agreement with Chinese partner . Says total value of contract is approximately $13.5 million .Says has entered into a strategic partnership agreement with SinoHytec.  Full Article

Hydrogenics posts Q1 loss of $0.19/share
Wednesday, 11 May 2016 06:30am EDT 

Hydrogenics Corp : Hydrogenics reports first quarter 2016 results . Q1 loss per share $0.19 . Q1 revenue fell 43 percent to $4.3 million . Q1 revenue view $7.9 million -- Thomson Reuters I/B/E/S . Q1 earnings per share view $-0.21 -- Thomson Reuters I/B/E/S . Hydrogenics Corp says secured $5.8 million of orders during quarter, resulting in an order backlog of $98.0 million as of march 31, 2016 . Q1 of 2016 was challenging for Hydrogenics, as a few booked projects were pushed out and certain contract awards delayed . Of $98.0 million in backlog, company expects to recognize approximately $30 million over next twelve months as revenue . In Q1 several programs were impacted by slower-than-expected progress payments, delays in customer site readiness, causing deferral of revenue recognition until Q2 .Anticipate that overall gross margins should remain higher than in 2015.  Full Article

Hydrogenics Corp announces pricing of common shares
Friday, 11 Dec 2015 08:00am EST 

Hydrogenics Corp:Announces pricing and upsizing of public offering of common shares.Pricing of its previously announced underwritten public offering of 2,129,031 common shares at a price of $7.75 per share.Company elected to increase the size of the Offering from the previously announced $15 million to $16.5 million.  Full Article

Hydrogenics announces proposed public offering of common shares
Monday, 7 Dec 2015 07:30am EST 

Hydrogenics Corporation:Announced that it has commenced an underwritten public offering of $15.0 million of common shares.Intends to grant the underwriters an option to purchase additional shares equal to up to 15% of the aggregate number of shares to be sold in the Offering.Craig-Hallum Capital Group LLC is acting as sole book-running manager for the proposed Offering. Roth Capital Partners is acting as co-manager for the proposed Offering.  Full Article

Hydrogenics Corp signs broad supply agreements with Chinese Vehicle Integrators
Monday, 16 Nov 2015 06:30am EST 

Hydrogenics Corp:Signs broad supply agreements with Chinese Vehicle Integrators.Says deals signed Friday cover more than 2,000 vehicles over the course of the next 3-5 years.Says Hydrogenics anticipates that, during the next twelve months, $10 million or more of revenue could be realized.Says has signed separate supply agreements with several Chinese electric vehicle integrators.  Full Article

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