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

To: Panita who wrote (2919)	7/21/1998 6:50:00 PM
From: Gator_2	Respond to of 5827

At least they finally said something !! Tuesday July 21, 3:07 pm Eastern Time Company Press Release Ballard Aware of No Developments to Account for Recent Stock Activity VANCOUVER, British Columbia--(BUSINESS WIRE)--July 21, 1998--In response to inquiries regarding the recent activity in Ballard Power Systems Inc.'s (NASDAQ:BLDPF - news; TSE:BLD. - news) stock, Paul Lancaster, Ballard's Acting Chief Financial Officer, stated, ''Ballard continues to achieve its milestones on plan and secure customers for its fuel cells. The Company is aware of no corporate developments or change in its business which would account for the recent activity in its stock.'' 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, Hitachi, Honda, Mazda, Volkswagen, Volvo, Matsushita Electric Works, GPU International, ALSTOM, EBARA, and Cinergy to develop zero-emission engines for vehicles and clean stationary power plants. 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 ''BLDPF.'' Contact: Ballard Power Systems Inc. Paul Lancaster, 604/412-3195 investors@ballard.com or Debby Roman, 604/412-4740 debrom@ballard.com