We are building a special business at Plug Power. In the past we were known as a research and development organization. Many folks are unaware that Plug Power today is a market driven company with a focus on fuel cell powered forklift trucks for the material handling industry. We have deployed over 4,000 GenDrive units with run times exceeding 12 million hours. Large Fortune 500 companies like Lowe's, Sysco, Walmart and BMW have chosen Plug Power’s products to power the forklift fleets at some of their new facilities. We offer our customers productivity savings and help them dramatically reduce their carbon emissions.
With over six million forklift trucks operating worldwide, Plug Power’s products have access to a growing global market. As we build out this market, we continue to explore additional opportunities to leverage the technical capabilities of our talented staff that has generated approximately 152 patents. Plug Power views the material handling market as the start to building a large business, and we recognize new market opportunities for our business will continue to emerge. As the leader in the commercial integration of PEM fuel cells, we see future commercial applications emerging everyday. Simply put, if an internal combustion engine is used today, a fuel cell can be used tomorrow…and Plug Power is the industry leader in making this possibility a reality.