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

To: BMWIN who wrote (2983)	8/7/1998 5:32:00 PM
From: BMWIN	Respond to of 5827

from calstart.com 08/06/98 - Ford, its Partners Name Fuel-Cell Venture 'Ecostar' Traverse City, Michigan - A new company to develop electric drivetrains for fuel cell-powered vehicles - Ecostar Electric Drive Systems Co. - has formally been named and launched by Ford Motor Co. and its fuel-cell partners Daimler-Benz and Ballard Power Systems. "We're serious about putting high-volume fuel-cell production vehicles on the road, and we wanted a name that reflects our goal," said the company's new chairman, Ross Witschonke. Ecostar is one of two new ventures announced earlier when the three companies formed a global alliance aimed at becoming the world's leading producer of fuel cell-powered electric drivetrains and components for automobiles, trucks and buses (News Notes 12/15/97 & 4/7/98). Ford is the majority owner in Ecostar; Ballard and Daimler-Benz own 21 and 17 percent, respectively. The company intends to have its fuel-cell powertrains in commercially available vehicles by 2004.