Ballard Power -world leader zero-emission PEM fuel cells Message Board

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Technology Stocks : Ballard Power -world leader zero-emission PEM fuel cells

BLDP 2.760

+1.1%

Jan 9 9:30 AM EST

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To: Sid Turtlman who wrote (944)	9/23/1997 4:32:00 PM
From: Garth Richmond	of 5827

Let's put this point to rest... I want to settle the issue of price reduction. Sid keeps claiming that the cost must be reduced to 1/100th of current costs. Sid, I asked Firoz Rasul at the annual meeting, and with the guy from D-B sitting right there, Firoz Rasul made it very clear. 1/10th is achieved, another 1/10th required. You quoted someone at D-B, so giving you the benefit of the doubt, I (or my Dad, actually) called Ballard. Paul Lancaster (Ballard IR) informed me that yes, Ferdinand Panik did in fact say 1/100th. Since then, he has said publicly, and numerous times, that it was a mistake, and that the true figure is 1/10th. I can't give specific publications, but I'm sure Paul Lancaster can. More to come... Garth.

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