Yesterday at 9am on CNBC, a question was posed to the Investor Strategies Conference analyst panel on fuel cell technology. The question was what do you think of companies developing the fuel cell technology, specifically "Ballard Power Systems"?
The analysts seemed not too interested in these companies until they get closer to having a product and have some major funding.
The questioner said Ballard apparently has $1B in backing???????
Ballard stock has tripled in the last year and they apparently have recently won a US$1.7M order from Honda for fuel cell projects. It appears Ballard is working on large fuel cell technology for cars and power plants, etc.
SI has a Ballard thread.
Below is more info:
Ballard Power Systems is the world leader in the development of proton
exchange membrane fuel cell power systems. At the heart of its products is the Ballard Fuel Cell, a proprietary zero-emission engine that converts natural gas, methanol, gasoline or hydrogen fuel into electricity without combustion. Ballard Fuel Cells are currently being used by leading international companies including Daimler-Benz, Ford, General Motors, Chrysler, Nissan, Honda, Volkswagen, Volvo, Matsushita Electric Works, GPU International and GEC ALSTHOM to develop zero-emission vehicles, clean stationary electric power plants and portable power systems.
CONTACT: Ballard Power Systems Inc.
Paul Lancaster, 604/ 454-0900
Website: ballard.com
or
Ballard Power Systems Inc.
Debby Roman, 604/ 412-4740
Email: debrom@ballard.com
Quote for referenced ticker symbols: BLDPF, TSE:BLD
c 1998, Business Wire
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