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

BLDP 2.155

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Feb 11 3:59 PM EST

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To: peter dumbrille who wrote (641)	4/18/1997 5:45:00 AM
From: Garth Richmond	of 5827

To ALL, Some interesting/relevant info on Ballard/Daimler-Benz. Did you know that... - Daimler-Benz is the largest Bus & Truck manufacturer in the world. - Ballard is still going ahead with the other cooperative efforts it has with GM, Chrysler, Honda, Volvo, Nissan... - Ballard can still sell fuel cells to anyone, for automotive or any other use. - The new Joint Venture Co. can also sell fuel cell engines to anyone, for automotive or any other use. - That the JV co. will buy fuel cells from Ballard at the regular prices, not for free or at a discount. - Ballard now owns all of D-B's fuel cell stack technology dept. assets, facilities, research, personnel. - Ballard expects that they can reduce the amount of platinum required in a fuel cell to be the same as in a catalytic converter (it is currently 10X as much), as part of their cost reduction effort. - The Chicago transit authority will be getting 3 buses delivered in July 97; B.C. Transit will get 3 in Oct 97. - Midland Walwyn Capital gave Ballard a 12 month target price of $51/share BEFORE the news of the D-B deal came out. I wonder what the target is now???

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