Ballard Power -world leader zero-emission PEM fuel cells Message Board

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Technology Stocks : Ballard Power -world leader zero-emission PEM fuel cells

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To: Sid Turtlman who wrote (3648)	1/7/1999 10:22:00 AM
From: HarveyO	of 5827

Globe says Ballard unveils pollution-free fuel cell engine Ballard Power Systems Inc BLD Thu 7 Jan 99 In the News The Globe and Mail reports in its Thursday, Jan. 7, 1999 edition that the first driveable North American car containing one of Ballard Power Systems' pollution-free fuel cell engines was on view yesterday at the Detroit auto show. The Globe's Peter Kennedy writes that about 50 officials from Ford Motor Co., were on hand as the cell-powered white P2000 sedan was shown to an audience that included 350 journalists. Ballard chief operating officer Kip Smith said the event is a milestone for the company. Investors seemed to agree with that view by sending Ballard shares up 60 cents to $44 on the Toronto Stock Exchange yesterday. Ballard and its partners, Ford and Daimler-Benz AG, are in a race with other auto makers to develop a fuel cell system for commercial use by 2004. Ballard has been in need of good publicity after an article in Barron's implied that tests of the company's fuel cells in Chicago buses are not going as well as planned. Ballard stock dropped by 8 per cent on Dec. 21, the day after the Barron story.

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