VANCOUVER, July 26, 2013 /CNW/ - Ballard Power Systems (NASDAQ:
BLDP)(TSX: BLD) today announced that it has signed an Equipment Supply
Agreement (ESA) with Azure Hydrogen (Azure), Ballard's partner in
China, for the supply of 220 ElectraGenTM Telecom Backup Power fuel cell systems to be deployed in Chinese
The agreement includes 120 direct hydrogen ElectraGenTM-H2 systems as well as 100 methanol fuelled ElectraGenTM-ME systems. All systems covered by the agreement are expected to be
delivered to Azure in Q3 and Q4 of 2013.
Ballard's portfolio of highly reliable Telecom Backup Power fuel cell
systems provides more cost-effective and environmentally-friendly
solutions for extended duration runtime applications than the
alternatives of lead-acid batteries and diesel generators.
About Ballard Power Systems
Ballard Power Systems (NASDAQ: BLDP)(TSX: BLD) 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.
This release contains forward-looking statements concerning anticipated
shipments, product attributes and corresponding value propositions for
our customers. 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 forward-looking statements
are based on Ballard's assumptions relating to its financial forecasts
and expectations regarding its product development efforts,
manufacturing capacity, and market demand.
These statements involve risks and uncertainties that may cause
Ballard's actual results to be materially different, including 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. 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, other than as required under applicable
This press release does not constitute an offer to sell or the
solicitation of an offer to buy securities. The Ballard Common Shares
have not been registered under the United States Securities Act of
1933, as amended, or the securities laws of any other jurisdiction and
may not be offered or sold in the United States absent registration or
an applicable exemption from registration requirements.
SOURCE: Ballard Power Systems Inc.
For further information:
Guy McAree +1.604.412.7919, firstname.lastname@example.org or email@example.com