VANCOUVER, Sept. 26, 2012 /CNW/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLD) today confirmed shipment of the Company's
first 100 ElectraGenTM fuel cell power generation systems to Cascadiant Inc. and Inala
Technologies, Ballard distributors in Southeast Asia and South Africa,
These are the first 100 systems shipped subsequent to a recent
transaction through which Ballard acquired select assets from IdaTech,
a Ballard customer for the past several years. The systems are
comprised of both direct hydrogen ElectraGenTM-H2 units as well as methanol fuelled ElectraGenTM-ME units and are planned for deployment in the networks of wireless
telecom service providers.
ElectraGenTM-ME systems incorporate a fuel reformer to extract hydrogen from
HydroPlusTM, a mixture of methanol and water available from accredited suppliers
around the world. The hydrogen is then used as feedstock for the fuel
cells. Methanol is a readily available fuel around the globe, making
ElectraGenTM-ME a practical solution for backup power needs even in remote
Ballard's portfolio of highly reliable fuel cell power generation
systems provides more cost-effective and environmentally-friendly
solutions for 'short duration runtime' and 'extended duration runtime'
backup power applications than the alternatives of lead-acid batteries
and diesel generators. Further information regarding Ballard's backup
power solutions is available on the Company's website at http://www.ballard.com/fuel-cell-applications/backup-power.aspx.
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.
This release contains forward-looking statements related to product
performance and anticipated value propositions for customers which 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. These forward-looking statements 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
Exchange Act of 1934, as amended. Such assumptions relate to Ballard's
financial forecasts and expectations regarding its product development
efforts, manufacturing capacity, and market demand, and include matters
such as generating new sales, producing, delivering and selling the
expected number of units, and controlling its costs.
These statements involve risks and uncertainties that may cause
Ballard's actual results to be materially different, including, without
limitation, the condition of the global economy, the rate of mass
adoption of its products, product development delays, changing
environmental regulations, its ability to attract and retain business
partners and customers, its access to funding, increased competition,
its ability to protect its intellectual property, changes in its
customers' requirements, foreign exchange impacts on its net monetary
assets and its ability to provide the capital required for product
development, operations and marketing. For a detailed discussion of
these risk factors and other risk factors that could affect Ballard's
future performance, please refer to Ballard's most recent Annual
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 legislation.
SOURCE: Ballard Power Systems Inc.
For further information:
Guy McAree, +1.604.412.7919, firstname.lastname@example.org or email@example.com