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Technology Stocks : Ballard Power -world leader zero-emission PEM fuel cells
BLDP 2.910-3.8%3:59 PM EST

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To: HarveyO who wrote (1733)2/5/1998 11:32:00 AM
From: HarveyO  Read Replies (1) of 5827
 
$2.5m order from Honda for portable fuel cell systems

Ballard Power Systems Inc BLD
Shares issued 23,083,665 Feb 4 close $105.50
Thu 5 Feb 98 News Release
Mr Paul Lancaster reports
The company has received a C$2.5 million (US$1.7 million) order from Honda
R&D Co, Ltd of Japan, a subsidiary of the Honda Motor Company, for the
supply of one kilowatt, low pressure, portable Ballard Fuel Cell systems.
Honda will integrate the fuel cell systems into portable power and
specialty applications operating on hydrogen for demonstration, testing and
product development.
This fuel cell order from Honda for portable applications is in addition to
previous deliveries for automotive applications. Ballard Fuel Cells have
the ability to generate power for many diverse applications.
Low power Ballard Fuel Cells operating at low pressure are air cooled,
simple, quiet, reliable and particularly suited for the requirements of
portable and some stationary power applications. Providing clean and
efficient power, low pressure fuel cells add to Ballard's product line,
which include pressurized fuel cells which are targeted at high power
transportation and stationary applications.
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