Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Porter Davis who wrote (1917)	3/17/1998 8:52:00 AM
From: riposte	Read Replies (1) \| Respond to of 5827

Ballard Secures $3.6 Million Contract From General Motors for Fuel Cells Tuesday March 17, 7:06 am Eastern Time Company Press Release Ballard Secures $3.6 Million Contract From General Motors for Fuel Cells VANCOUVER, Canada--(BUSINESS WIRE)--March 17, 1998--BALLARD POWER(TSE:BLD. - news; NASDAQ:BLDPF - news) Ballard Power Systems announced today that it had secured a $3.6 million contract (US$2.5 million) from General Motors Corporation [NYSE:GM - news], to supply Ballard Fuel Cells and related equipment and support services. General Motors will use the Ballard Fuel Cells in their research and development program for development of fuel cell powered electric vehicles. ''Ballard values its ongoing relationship with General Motors,'' said Firoz Rasul, President and Chief Executive Officer of Ballard. ''GM's continuation of their development of fuel cell powered vehicles reflects their dedication to providing environmentally friendly automobiles.'' 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, GEC ALSTHOM, and Cinergy to develop zero-emission vehicles, clean stationary electric power plants and portable power systems.