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Technology Stocks : Ballard Power -world leader zero-emission PEM fuel cells -- Ignore unavailable to you. Want to Upgrade?

To: Greg from Edmonton who wrote (4267)	6/28/1999 9:32:00 AM
From: HarveyO	Read Replies (3) \| Respond to of 5827

Globe says Ballard likely to get government funding Ballard Power Systems Inc BLD Shares issued 83,768,812 Jun 25 close $47.60 Mon 28 Jun 99 In the News The Globe and Mail reports in its Saturday, June 26, edition that the federal government is ready throw $30-million behind a plan to make Canada the global leader in environmentally friendly fuel cell technology for cars. The Globe's Heather Scoffield writes that the money will be directed at small and medium-sized businesses supporting the fuel cell systems developed by Ballard Power Systems, with the aim of keeping Ballard and the fuel cell industry on the leading edge of pollution-free car technology. The money will also support a new fuel cell research institute, which will be a virtual electronic network, and a testing facility in Vancouver, say unnamed government sources. The Globe says an official announcement is expected this summer. The government will expect the federal money to be matched by private sector commitments so that for every dollar Ottawa sinks in to the industry, private sector sources match it with three to five dollars.