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Ballard to supply fuel cells to DaimlerChrysler for 30 buses
VANCOUVER, Mar 26, 2001 (The Canadian Press via COMTEX) -- Ballard Power Systems announced Monday that it has signed a deal to supply fuel cells for 30 buses to DaimlerChrysler.
As part of the deal, Ballard will also supply its fuel cell power modules for the buses in 2002 and 2003. Ballard said the fuel cells will be integrated into fuel cell engines by Xcellsis, a company jointly held by DaimlerChrysler, Ford Motor Co. and Ballard.
"The receipt of an order for fuel cells for commercial buses marks a major milestone for Ballard," Firoz Rasul, Ballard's chairman and CEO, said in a statement.
"DaimlerChrysler and its customers in Europe are leading the way in adoption of zero-emission fuel cell technology."
The buses will be delivered to 10 European cities for use in transit service beginning in 2002.
Ballard's shares on the Toronto stock market were off 12 cents to $61.18 on Monday.
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Copyright (C) 2001 The Canadian Press (CP), All rights reserved
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Ballard Receives $3.4-Million Order From Nissan For Fuel Cells
VANCOUVER, B.C., Mar 29, 2001 (BUSINESS WIRE) -- Ballard Power (NASDAQ: BLDP chart, msgs)(TSE: BLD. chart, msgs)
Ballard Power Systems (NASDAQ: BLDP chart, msgs)(TSE: BLD. chart, msgs) 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. |
