Ballard Receives $3.4-Million Order From Nissan For Fuel
Cells
VANCOUVER, BRITISH COLUMBIA--MARCH 29, 2001 - 07:59 EST
Ballard Power Systems announced today
that it has received a $3.4-million (US$2.2-million) order from
Nissan 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.
"Nissan is continuing to use BALLARD(r) fuel cells as it develops
fuel cell-powered propulsion technologies for its next generations
of automobiles," said Firoz Rasul, Ballard's Chairman and Chief
Executive Officer. "Ballard is committed to working with Nissan in
support of their fuel cell vehicle development efforts."
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, 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. |
