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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Feb 9 3:59 PM EST

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To: Mike Klobouk who wrote (655)	4/21/1997 6:21:00 PM
From: Ash Kapur	of 5827

This doesn't show up on Yahoo under Ballard, but does show under Ford news. biz.yahoo.com Monday April 21 2:56 PM EDT Canada government to fund Ballard BLD.TO R & D OAKVILLE, Ontario, April 21 (Reuter) - The Canadian government said on Monday it would provide C$8 million to Ballard Powers Systems Inc to fund Ballard's research and development of a hydrogen fuel cell engine. The federal industry, natural resources, environment and transport departments will participate in the collaborative project to develop a fuel cell engine for automotive use. The Department of Natural Resources said the total Canadian contribution to the project represents up to C$10 million, with C$8 million provided by the government. "This is a visionary Canadian technology which the federal government has helped support for many years," Natural Resources Minister Anne McLellan said in a statement. "This new research and development partnership will help take this breakthrough technology a step further toward commercialization and the goal of achieving sustainable transportation in North America," she added. Ballard plans to work with Ford Motor Co to integrate the fuel cells into a car that Ford calls its P2000 advanced lightweight prototype vehicle. Ford is a member of the Partnership for a New Generation of Vehicles - a joint initiative of the U.S. government and the Big Three automakers to develop prototype cars which, by 2004, will be up to three times as efficient as and will produce far lower emissions than today's vehicles. Ballard launched the world's first fuel cell powered bus in Vancouver in early 1993 and the first full-sized bus in 1995.

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