MISSISSAUGA, Ontario, Dec. 21, 2018 (GLOBE NEWSWIRE) -- Hydrogenics Corporation (NASDAQ: HYGS; TSX: HYG) (the “Company” or “Hydrogenics”), a leading developer and manufacturer of hydrogen generation and hydrogen-based fuel cell modules, today announced that it has entered into a subscription agreement with The Hydrogen Company, a wholly-owned subsidiary of Air Liquide S.A. (“Air Liquide”), to issue 3,537,931 common shares of Hydrogenics to Air Liquide on a private placement basis, for gross proceeds to Hydrogenics of US$20,520,000 (the “Private Placement”) or approximately US$5.80 per common share. Hydrogenics intends to use the proceeds of the Private Placement primarily for the purpose of funding current operations, technology developments and future scale-up of partners. Following completion of the Private Placement, Air Liquide’s interest in Hydrogenics is expected to be approximately 18.6%.

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MISSISSAUGA, Ontario, Dec. 04, 2018 (GLOBE NEWSWIRE) -- Hydrogenics Corporation (NASDAQ: HYGS; TSX: HYG) (“Hydrogenics”), a leading developer and manufacturer of hydrogen generation and hydrogen fuel cell power systems, today announced that it has been selected to design and supply fuel cell power modules for a new lightweight aircraft. Under development by a customer that wishes to remain undisclosed for competitive reasons, this electric air mobility vehicle will be used for daily commuting and other applications, revolutionizing the way people travel between cities and around the country. Over the course of 2019 Hydrogenics will develop and supply an ultra-light fuel cell system which will be the main propulsion unit for this aircraft.

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