January 6, 2010 (FinancialWire) — Hydrogenics Corp. (NASDAQ: HYGS) (TSX: HYG), a leading developer and manufacturer of hydrogen generation and fuel cell products, has filed a final short form base shelf prospectus with certain Canadian securities regulatory authorities, and a corresponding registration statement on form F-3 has been declared effective by the U.S. Securities and Exchange Commission.

The shelf prospectus will allow Hydrogenics to offer, from time to time, over a 25-month period up to $16,000,000 of debt, equity or other securities.

These filings are intended to restore Hydrogenics’ flexibility to access the capital markets that was available to Hydrogenics with its prior shelf prospectus and corresponding registration statement on form F-10, which were withdrawn earlier this year, as disclosed in the management proxy circular dated June 25, 2009 in connection with the previously announced non-dilutive financing transaction involving Algonquin Power Income Fund.

Except as otherwise may be disclosed in a prospectus supplement relating to a particular offering, Hydrogenics currently intends to use the net proceeds received to fund current operations and potential future growth opportunities. Should Hydrogenics offer any securities, it will make a prospectus supplement available that will include the specific terms of the securities being offered.

Hydrogenics Corp. (www.hydrogenics.com) is a globally recognized developer and provider of hydrogen generation and fuel cell products and services, serving the growing industrial and clean energy markets of TODAY and tomorrow. Based in Mississauga, Ontario, Canada, Hydrogenics has operations in North America and Europe.

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