Ballard Receives $1.9-Million Order From Honda For Fuel
Cells
VANCOUVER, BRITISH COLUMBIA--JANUARY 23, 2001 - 08:31 EST
Ballard Power Systems announced today
that it has received a $1.9-million (US$1.3-million) order from
Honda R&D Co., Ltd. of Saitama, Japan, a subsidiary of the Honda
Motor Company, for Mark 900 Series Fuel Cell Power Modules and
support services. The BALLARD(r) Mark 900 Series Fuel Cell Power
Module incorporates Ballard's latest generation fuel cell stack,
the Mark 900, which utilizes low-cost materials and is designed
for manufacturing in automotive volumes.
"Honda introduced several prototype vehicles powered by BALLARD(r)
fuel cells in 2000," said Ballard Chairman and Chief Executive
Officer Firoz Rasul. "We are delighted to continue to supply Honda
with fuel cells for use in its testing and development program in
2001 and continue to strengthen our relationship with them."
Ballard Power Systems is recognized as the world leader in
developing, manufacturing and marketing zero-emission proton
exchange membrane fuel cells for use in transportation,
electricity generation and portable power 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(r) fuel cell
that combines hydrogen (which can be obtained from methanol,
natural gas, petroleum or renewable sources) 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(r) fuel cells. Ballard has also supplied fuel cells to
Honda, Nissan, Volkswagen, Yamaha, Cinergy, Coleman Powermate and
Matsushita Electric Works, among others.
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. |
