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Technology Stocks : Ballard Power -world leader zero-emission PEM fuel cells
BLDP 2.625+0.2%1:24 PM EST

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To: LaVerne E. Olney who wrote (3220)10/27/1998 10:22:00 AM
From: HarveyO  Read Replies (1) of 5827
 
Joint development and supply agreement with Johnson Matthey

Ballard Power Systems Inc BLD
Shares issued 23,083,665 Oct 26 close $36.65
Tue 27 Oct 98 News Release
Mr. Firoz Rasul reports
Ballard Power Systems has signed a multiyear agreement with Johnson Matthey
for the joint development and supply of catalysts and catalyst containing
products for Ballard fuel cells. The agreement follows a highly successful
collaboration begun in 1992 for the development of the platinum catalysts
and catalyzed electrodes used in Ballard fuel cells.
Johnson Matthey is a world leader in advanced materials technology,
applying the latest technical skills to add real value to precious metals
and other specialized materials. Among its principal activities are the
manufacture of catalysts and pollution control systems and pharmaceutical
compounds, and the refining, fabrication and marketing of precious metals
and specialty chemicals.

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