|
Ballard and Heliocentris Sign Supply Agreement
For Mark1020 ACS™ fuel cell products
VANCOUVER, CANADA – Ballard Power Systems (TSX: BLD)(NASDAQ: BLDP) today announced it
has signed a supply agreement with German systems integrator Heliocentris Fuel Cells AG, under
which Ballard will supply Mark1020 ACS™ air-cooled fuel cell products for integration by Heliocentris
into demonstration and teaching systems for sale to educational institutions as well as for specialized
commercial and industrial use.
advertisement
William Foulds, Ballard’s Vice President of Sales stated “Heliocentris’ capability and experience in
systems integration combined with their significant exposure to the post-secondary education
market will help ensure a high-profile and successful presence for Ballard among the next
generation of highly capable scientists and engineers.”
Heliocentris will display its first prototype system incorporating the Mark1020 ACS™ fuel cell product
at the 2008 Hannover Messe event. Fuel cell systems will be available from Heliocentris for purchase
beginning fourth quarter of 2008. Heliocentris foresees the system being applicable for educational
institutions as well as industrial niche applications. The three-year supply agreement is expected to
generate a minimum of 350 Mark1020 ACS™ fuel cell units shipped to Heliocentris over the term of
the agreement.
“Ballard’s technology has proven itself in terms of performance, reliability and ease of integration,"
said Dr. Henrik Colell, Chief Executive Officer of Heliocentris. "The Mark1020 ACS™ is the best choice
for our next generation system platforms that will feature flexible integration into various
applications and a wide operating temperature range."
About Ballard Power Systems
Ballard Power Systems Inc. (TSX: BLD; NASDAQ: BLDP) is recognized as a leader in the
development, manufacture and sale of hydrogen fuel cells. Ballard’s mission is to accelerate fuel
cell market adoption. To learn To learn more about what Ballard is doing with Power to Change the World®,
visit www.ballard.com .
For further information, or to arrange an interview with a Ballard spokesperson, please call
Guy McAree at 604-454-0900. Ballard, the Ballard logo, Power to Change the World and Mark9
SSL are registered trademarks of Ballard Power Systems Inc.
Forward-Looking Statements
This release contains forward-looking statements that are based on the beliefs and assumptions of
Ballard’s management and reflect Ballard’s current expectations as contemplated under section
27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act
of 1934, as amended. Such assumptions relate to our financial forecasts and expectations
regarding our product development efforts, manufacturing capacity, and market demand. These
statements involve risks and uncertainties that may cause our actual results to be materially
different, including, without limitation, the rate of mass adoption of our products, product
development delays, changing environmental regulations, our ability to attract and retain business
partners and customers, our access to funding, increased competition, our ability to protect our
intellectual property, changes in our customers’ requirements, and our ability to provide the capital required for product development, operations and marketing. Readers should not place undue
reliance on Ballard’s forward-looking statements and Ballard assumes no obligation to update or
release any revisions to these forward looking statements. For a detailed discussion of the risk
factors that could affect Ballard’s future performance, please refer to our most recent Annual
Information Form.
InvestorIdeas.com Disclaimer: Issuers of press releases are solely responsible for the accuracy of the content.
Would you like to see your news and articles here? GO>>
|
