VANCOUVER, March 12, 2013 /CNW/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLD) has announced the sale of a 175 kilowatt (kW)
ClearGen™ distributed generation fuel cell system to Azure Hydrogen
Energy Science and Technology Corporation of Beijing, China (Azure).
Azure is Ballard's partner in China with a focus on development and
enhancement of hydrogen energy technology for a variety of applications
in that marketplace.
Mr. Grand Mao, Chairman of Azure said, "The market for stationary fuel
cell power has significant potential in China. Projects such as the
deployment of this 175 kilowatt ClearGen™ system represent an important
step in continuing to grow market awareness of fuel cell products in my
Azure plans to display the ClearGen™ system and ElectraGen™-H2 backup
power systems at the fifth World Hydrogen Technologies Convention (WHTC2013), to be held in Shanghai, China September 25-28, 2013. The
convention will cover all aspects of hydrogen energy, including
production methods, storage and distribution, utilization, economics
and environmental impact. Following WHTC2013, Azure is expected to
redeploy the system to another as yet unnamed location in China.
"Ballard and Azure have worked together in deploying our
hydrogen-fuelled ElectraGenTM-H2 products for backup power trials with China Mobile," said Larry
Stapleton, Ballard's Vice President of Sales. "We are pleased that our
partner will now also be pursuing larger stationary fuel cell
opportunities in China using our ClearGenTM product."
The ClearGen™ system is scalable to meet the hydrogen availability and
power requirements of any particular site. Earlier in 2013, Ballard
also announced the sale of a 175 kW ClearGen™ system to a customer in
California. Repeat builds have helped to optimize the system, leading
to a smaller footprint and improved serviceability.
Product cost reductions and market introduction of the ClearGen™ system
has been enabled by funding from Sustainable Development Technology
Canada (SDTC), an arm's-length, not-for-profit corporation funded by
the Government of Canada that helps commercialize Canadian clean
technologies, readying them for growth and export markets.
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 product
development and commercialization activities and projected outcomes.
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
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
SOURCE: Ballard Power Systems Inc.
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