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Strategies & Market Trends : LastShadow's Position Trading

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To: Kelvin Taylor who wrote (30685)2/14/2000 10:57:00 AM
From: Susan Saline  Read Replies (1) of 43080
 
Business Summary
Ballard Power Systems Inc. is engaged in the development and
commercialization of proton exchange membrane (PEM) fuel cells
and fuel cell systems. A fuel cell is an environmentally clean power
generator that combines hydrogen fuel with oxygen, without
combustion, to produce electricity, with pure water and heat as the
only by-products. It is an electrochemical device that produces
electricity efficiently and continuously, as long as fuel is supplied. The
Company is developing PEM fuel cells for use in transportation,
stationary power generation and portable applications.
Financial Summary
Ballard Power Systems is engaged in the development and
commercialization of proton exchange membrane fuel cells and
related power generation systems for stationary, transportation and
other applications. For the six months ended 6/99, total revenues fell
65% to C$18.8 million. Net loss totalled C$26.2 million vs. income
of C$12.3 million. Revenues reflect the absence of a $27.1 million
gain on the issuance of shares. Net loss reflects a higher equity in loss
of associated companies.
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