BUZZ-Hydrogenics Corp: Inks deal with Alstom Transport

Wed May 27, 2015 8:59am EDT
 
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** Canadian fuel-cell maker's U.S-listed shares up 34 pct at $12.09 premarket

** Signs a 10-year supply agreement with Alstom Transport valued at over 50 mln euros ($54.2 mln)

** Hydrogenics to supply hydrogen fuel-cell systems for Alstom's regional commuter trains in Europe

** First units expected to be delivered in 2016

** Up to Tuesday's close, company's U.S.-listed stock had declined 41 pct over the past 12 months, while Toronto-listed stock fell 32.5 pct ($1 = 0.9228 euros)