President Bush Views Fuel Cell Powered Lift Truck at GrafTech Facility Near Cleveland

PARMA, Ohio, July 10 -- President George W. Bush today viewed a demonstration of a fuel cell powered lift truck while touring the GrafTech International Ltd. facility in Parma, Ohio. GrafTech manufactures graphite material for the proton exchange membrane (PEM) fuel cell power unit made by Cellex Power Products Inc., a subsidiary of Plug Power Inc. . The Cellex fuel cell system provides clean, reliable power for the electric lift truck made by Crown Equipment Corporation. Representatives from each company participated in today's tour and lift truck demonstration.

GrafTech Chief Executive Officer Craig Shular commented, "It is an honor for GrafTech to host President Bush. Our team's collaboration with Cellex and Crown has been crucial in gaining support for the early adaptation of what we believe represents a significant growth opportunity in fuel cell power generation."

Fuel cells offer an attractive value proposition within the $1.5 B motive power market to operators of large warehouses, distribution centers and manufacturing facilities. With fleets that include hundreds of lift trucks, these operations can benefit from centralized maintenance and fueling infrastructures. The Cellex Power system delivers value to the customer via increased productivity and reduced fueling time and cost, as well as the elimination of environmental and safety issues associated with traditional lead acid batteries. Adoption in the lift truck market is expected to pave the way for development of other markets on the path toward a hydrogen economy and increased energy independence.

The fuel cell power system from Cellex Power was used to power a Crown model PE End-Controlled Rider Pallet Truck. The Cellex fuel cell contains a fuel cell stack supplied by Ballard Power Systems of Burnaby, British Columbia, Canada, which incorporates GrafTech's GRAFCELL(R) material as a primary component.

"As a technology leader in the lift truck industry, Crown is actively participating in and supporting the development of alternative fuels that provide power savings for our customers," says Crown President Jim Dicke, III. "Crown has been working closely with Cellex for many years to find the right balance of fuel cells, amount of fuel, weight requirements and other factors to give lift truck customers the performance they expect."

"President Bush's visit marked an excellent opportunity to showcase how fuel cells can be used as an environmentally friendly alternative to batteries for material handling needs in warehouses and distribution centers," said Chris Reid, Cellex Power's President. "Supply chain partners such as GrafTech and Crown are vital in building a strong foundation for the widespread application of fuel cell systems."

Plug Power, a leader in providing clean, reliable on-site energy products, recently acquired Cellex Power and General Hydrogen Corporation as part of a strategic initiative to develop and commercialize fuel cell power units to provide motive power for electric lift trucks and other mobile industrial equipment. With these two acquisitions, Plug Power has positioned itself to engage both telecommunications and material handling as attractive near-term markets and central components of the Company's revenue growth strategy.

About Crown Equipment Corporation

Crown is the number one brand of electric lift trucks in the United States and the fifth largest lift truck manufacturer in the world. Crown's award- winning line of lift trucks has earned a reputation for exceptional product design, engineering and manufacturing. From the smallest hand pallet truck to the highest lifting turret truck, Crown seeks to provide users with safe, efficient and ergonomic lift trucks that lower total cost of ownership and maximize uptime. Headquartered in New Bremen, Ohio, Crown lift trucks are manufactured and sold throughout the world.

About GrafTech International Ltd.

GrafTech International Ltd. is one of the world's largest manufacturers and providers of high quality synthetic and natural graphite and carbon based products and technical and research and development services, with customers in about 80 countries engaged in the manufacture of steel, automotive products and electronics. The company manufactures graphite electrodes, products essential to the production of electric arc furnace steel. GrafTech also manufactures thermal management, fuel cell and other specialty graphite and carbon products for, and provide services to, the electronics, power generation, semiconductor, transportation, petrochemical and other metals markets. GrafTech is the leading manufacturer in all of its major product lines, with 11 state of the art manufacturing facilities strategically located on four continents. For additional information on GrafTech International, call 216-676-2000 or visit the company's Web site at www.graftech.com. For additional information on GrafTech's subsidiary, Advanced Energy Technology Inc., call 216-529-3777.

About Plug Power Inc.

Plug Power Inc. , an established leader in the development and deployment of clean, reliable, on-site energy products, integrates fuel cell technology into backup and primary power products for telecommunications, material handling, utility and uninterruptible power supply applications. The Company is actively engaged with private and public customers in targeted markets throughout the world, including North America, Europe, the Middle East, Russia, South Africa and South America. For more information about how to join Plug Power's energy revolution as an investor, customer, supplier or strategic partner, please visit www.plugpower.com.