Ballard Receives Order from Yamaha for Fuel Cells
VANCOUVER, British Columbia--(BUSINESS WIRE)--July 6, 1999-- Ballard Power (NASDAQ:BLDP - news; TSE:BLD. - news) Ballard Power Systems announced today that it has secured a $365,000 contract (US$250,000) from Yamaha Motor Co., Ltd. of Shizuoka, Japan, to supply Ballard® fuel cells, related equipment and support services. Yamaha will use the Ballard fuel cells in their research and development program for evaluation and development of fuel cell powered products.
''Yamaha is a world leading manufacturer of a diverse range of products for sport and leisure, business and manufacturing,'' said Firoz Rasul, Chairman and Chief Executive Officer of Ballard. ''We are pleased to add Yamaha as a customer and expect this initial order will form the basis of a long term relationship.''
Ballard Power Systems is the world leader in developing, manufacturing and marketing zero-emission proton exchange membrane (PEM) fuel cells for use in transportation, electricity generation and portable products. Ballard Power Systems' proprietary fuel cell technology is enabling automobile, electrical equipment and portable power product manufacturers to develop environmentally clean products for sale. The fundamental component of these end-user products is the Ballard fuel cell that combines hydrogen (which can be obtained from methanol, natural gas or petroleum) and oxygen (from air) without combustion to generate electricity. Ballard is partnering with strong, world-leading companies including DaimlerChrysler, Ford, GPU International, ALSTOM and EBARA to commercialize Ballard fuel cells. Additional customers using Ballard fuel cells include General Motors, Honda, Nissan, Volkswagen, Volvo, Matsushita Electric Works, and Cinergy.
Ballard's Common shares are listed on The Toronto Stock Exchange under the trading symbol ''BLD'' and on the Nasdaq National Market System under the symbol ''BLDP''. Ballard and the Ballard logo are registered trademarks of Ballard Power Systems Inc.
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Ballard Power Systems Inc.
Michael Rosenberg, 604/412-3195
604/412-3100 (FAX)
Email: investors@ballard.com
or
Ballard Power Systems Inc.
Debby Roman, 604/412-4740
604/ 412-3100 (FAX)
Website: www.ballard.com |
