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Technology Stocks : Ballard Power -world leader zero-emission PEM fuel cells
BLDP 2.710+1.1%Nov 21 9:30 AM EST
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To: HarveyO who wrote (3468)12/22/1998 12:07:00 PM
From: HarveyO  Read Replies (1) of 5827
 
Van Sun says Chicago Transit, Ballard both happy

Ballard Power Systems Inc
Dec 21 close $44.00
Tue 22 Dec 98
In the News
The Vancouver Sun reports in its Tuesday edition that Ballard Power Systems
shares lost 8 per cent of their value on Monday after investors were
spooked by reports that two of three fuel cell powered test buses had been
pulled off the road by the Chicago Transit Authority. Reporter William Boei
notes, however, that Ballard says its test program is on track, and it was
simply making design improvements to the buses' engines. The transit
authority agrees. Noelle Gaffney of the CTA says that her agency thinks it
is going well. She says there have been some equipment issues, but that it
what was expected as part of a test program. CTA maintenance staff found
that in order to service the bus engine's fuel stacks, they had to pull the
entire engine out of its compartment, according to Ms. Gaffney and Debby
Roman of Ballard. They say the design upgrade will make that unnecessary.
Ms. Roman says the test program was intended to provide feedback on design
and maintenance issues, and the upgrades are an indication that is it
working.
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