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

To: glenn snyder who wrote (5390)	1/21/2001 2:13:22 PM
From: Randy Ellingson	Read Replies (1) \| Respond to of 5827

glenn, That link didn't work for me.

To: glenn snyder who wrote (5390)	1/22/2001 5:49:38 AM
From: Gilbert Drapeau	Respond to of 5827

Ballard Power Systems and Victrex plc announce Alliance for the Development and Manufacture of Ionomers for Ballard(R) fuel cells VANCOUVER, BRITISH COLUMBIA--JANUARY 22, 2001 - 03:02 EST Ballard Power Systems and Victrex plc announced today that they have entered into an exclusive agreement to develop and manufacture ionomers (proton conductive polymers) for use in membranes for Ballard(R) fuel cells. Ballard and Victrex will develop the manufacturing processes for Ballard's proprietary ionomer and collaborate on the development of Victrex's proprietary ionomer. The initial development period will last up to four years, during which each party will fund its own costs. Upon the successful completion of the development phase for each ionomer, including the development of volume manufacturing processes and qualification of the ionomer for commercial applications, Victrex will operate pilot facilities to manufacture these ionomers for use in Ballard(R) fuel cells. "This is an important alliance for Ballard as it has the potential to accelerate cost reduction through volume manufacturing of Ballard's ionomer and through the qualification of Victrex's low-cost ionomer for use in our fuel cells," said Kip Smith, Ballard President and Chief Operating Officer. "Victrex has demonstrated manufacturing capabilities and expertise in developing polymers," said Dr. Alfred Steck, Ballard's Vice-President and Chief Technical Officer. "The combined strength of Ballard and Victrex will allow us to broaden our technology base and enhance our ability to achieve our volume manufacturing and cost reduction goals." "We are excited at the prospect of working with the world leader in proton exchange membrane fuel cells," said David Hummel, Victrex's Chief Executive. "This alliance with Ballard greatly enhances the prospects for the membrane materials that we have developed and leverages Victrex's skill in manufacturing with Ballard's fuel cell expertise. We look forward to a mutually beneficial long-term relationship." Victrex plc is an innovative, world-leading, high performance materials group. It has manufacturing plants and research facilities in the UK, and sales and distribution centres serving over 30 countries worldwide. Victrex is at the forefront of high performance polymer technology having developed and commercialised a number of exciting new materials. The most notable of these is PEEK(TM) polymer, a high performance plastic with a unique combination of properties, which include exceptional chemical, wear, electrical and temperature resistance, as well as dimensional stability and numerous processing capabilities. These properties enable engineers to produce cost-effective designs for critical applications in such diverse markets as the industrial, aerospace, automotive, electronics, food and medical sectors. Ballard Power Systems is recognized as the world leader in developing, manufacturing and marketing zero-emission proton exchange membrane fuel cells for use in transportation, electricity generation and portable power products. Ballard Power Systems' proprietary fuel cell technology is enabling automobile, electrical equipment and portable power product manufacturers to develop environmentally clean products for sale. The fundamental component of these end-user products is the Ballard(R) fuel cell that combines hydrogen (which can be obtained from methanol, natural gas, petroleum or renewable sources) and oxygen (from air) without combustion to generate electricity. Ballard is partnering with strong, world-leading companies, including DaimlerChrysler, Ford, GPU International, ALSTOM and EBARA, to commercialize Ballard fuel cells. Ballard has also supplied fuel cells to Honda, Nissan, Volkswagen, Yamaha, Cinergy, Coleman Powermate and Matsushita Electric Works, among others. Victrex's Ordinary Shares are listed on the London Stock Exchange and are classified under the heading "Chemical Companies". Ballard's Common shares are listed on The Toronto Stock Exchange under the trading symbol "BLD" and on the Nasdaq National Market System under the symbol "BLDP". Ballard and the Ballard logo are registered trademarks of Ballard Power Systems Inc. Victrex is a registered trademark of Victrex plc.