VANCOUVER, March 11, 2013 /CNW/ - Ballard Power Systems (NASDAQ: BLDP)
(TSX: BLD) has announced a supply agreement with the Center for
Transportation and the Environment for a 150 kilowatt FCvelocityTM-HD6 fuel cell module to be integrated into a bus that will be deployed
with CTTransit in Hartford, Connecticut. The All-American fuel cell
hybrid bus is expected to be delivered in 2015.
The fuel cell hybrid bus configuration to be deployed with CTTransit was
jointly developed with partners BAE Systems and ElDorado National and
is currently in operation with SunLine Transit Agency in Thousand
Palms, California. Additional buses with this same configuration using
previously shipped Ballard FCvelocityTM-HD6 power modules are planned; 2 for SunLine Transit Agency and one for
deployment in the Boston, Massachusetts area. This will bring the total
number of buses in operation using this configuration to 5 by 2015.
Tommy Edwards, Contracting Officer and Technical Representative for
SunLine Transit Agency commented, "In terms of performance and
reliability, our experience with the All-American fuel cell bus has
been excellent. We look forward to adding additional clean energy fuel
cell buses to the SunLine fleet, using this standardized
About Ballard Power Systems
Ballard Power Systems (TSX: BLD) (NASDAQ: BLDP) provides clean energy
fuel cell products enabling optimized power systems for a range of
applications. Products deliver incomparable performance, durability and
versatility. To learn more about Ballard, please visit www.ballard.com.
Important Cautions Regarding Forward-Looking Statements
This release contains forward-looking statements concerning projected
market growth, product deliveries, and customer product deployments.
These forward-looking statements reflect Ballard's current expectations
as contemplated under section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Any such statements are based on Ballard's assumptions
relating to its financial forecasts and expectations regarding its
product development efforts, manufacturing capacity, and market demand.
For a detailed discussion of the factors and assumptions that these
statements are based upon, and factors that could cause our actual
results or outcomes to differ materially, please refer to Ballard's
most recent management discussion & analysis. Other risks and
uncertainties that may cause Ballard's actual results to be materially
different include general economic and regulatory changes, detrimental
reliance on third parties, successfully achieving our business plans
and achieving and sustaining profitability. For a detailed discussion
of these and other risk factors that could affect Ballard's future
performance, please refer to Ballard's most recent Annual Information
Form. These forward-looking statements are provided to enable external
stakeholders to understand Ballard's expectations as at the date of
this release and may not be appropriate for other purposes. Readers
should not place undue reliance on these statements and Ballard assumes
no obligation to update or release any revisions to them, other than as
required under applicable legislation.
SOURCE: Ballard Power Systems Inc.
For further information:
Guy McAree, +1.604.412.7919, firstname.lastname@example.org or email@example.com