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Technology Stocks : Ballard Power -world leader zero-emission PEM fuel cells
BLDP 2.570-2.1%3:59 PM EST

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To: C. Cunliffe who wrote ()2/1/2000 4:08:00 AM
From: HarveyO  Read Replies (2) of 5827
 
Ballard's PEM - Where does Ballard get the Membrane...
The following is an extract from the most recent Prospectus issued by Ballard Power...page 40

Membranes
The Ballard fuel cell uses commercially available proton exchange membranes that presently represent a substantial cost component. Our subsidiary, Ballard Advanced Materials, focuses on the development of novel polymers and the fabrication of a series of improved membranes for PEM fuel cell applications on our behalf to achieve performance that is equivalent to, or better than, commercially available membranes, but at lower cost. We have developed a series of membranes that have demonstrated longevity appropriate for use in commercial applications. In testing these membranes we have demonstrated over 14,000 hours of continuous operation. In addition, we are working with other suppliers of membranes to reduce cost and improve performance. In 1994, we demonstrated a proprietary membrane with performance superior to commercially available membranes while achieving projected cost savings of over 90%. In 1995, we further improved this membrane and developed manufacturing processes for it. We have had U.S. patents issued to us covering key chemical compositions and applications of the membrane. In 1996, we achieved pilot scale manufacturing capacity for the polymer used in the membrane and we began the qualification process required before the membrane can be used in our commercial PEM fuel cells. Testing of our membrane began in our commercial prototype PEM fuel cell hardware in 1997.
Evaluation of the membrane continues with the goal of introducing Ballard Advanced Materials' membrane
materials into our PEM fuel cell products at the earliest practical opportunity.
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