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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 (3013)	8/17/1998 1:33:00 PM
From: BMWIN	Read Replies (1) \| Respond to of 5827

from canada-stockwatch.com The Globe and Mail reports in its Management section in its Monday edition that Ballard Power Systems is powering up for production. Reporter Ann Gibbon says the company is moving from the entrepreneurial research and development phase to the commercial stage. Over the next six years, it hopes to actually manufacture and sell its pioneering products. This transition is why former chief financial officer Mossadiq Umedaly decided to leave. His successor will be named in several weeks. Mr Umedaly says that when he looks at his own aspirations and those of Ballard, there is a gap. He had been with the company since 1990. He says this move to manufacturing is a stage that calls for a narrower focus. Rare is the executive who admits publicly to leaving a firm because he believes others are better suited to lead it into the future. Mr Umedaly, however, thinks his decision was right for Ballard.

To: BMWIN who wrote (3013)	8/29/1998 2:20:00 PM
From: Urlman	Respond to of 5827

Shell to Supply Technology for Daimler's 'Green' Car Fuel Cell Bloomberg News August 17, 1998, 4:23 a.m. PT Shell to Supply Technology for Daimler's 'Green' Car Fuel Cell London, Aug. 17 (Bloomberg) -- The Royal Dutch/Shell Group, the world's biggest publicly traded oil company, said it agreed to supply fuel cell technology to a group of carmakers, led by Daimler-Benz AG, designing environmentally friendly cars. The technology converts liquid fuel into a hydrogen-rich gas. Germany's Daimler-Benz, Ford Motor Co. of the U.S. and Ballard Power Systems Inc. of Canada convert the gas to electricity in fuel cells they are developing to power a new generation of ''green'' cars. The agreement will advance the car companies' efforts to unveil a new fuel cell-powered car by 2004 to help cut emissions of fossil fuels that are damaging the Earth's atmosphere. The agreement reflected a ''common goal of more environmentally friendly motoring'' being pursued both by the car companies and Shell, said Graeme Sweeney, head of fuels development at Shell, in a statement. For Shell, the agreement reflects an increasing emphasis on investing in environmentally friendly energy technologies. By 2050, Shell executives expect half the world's energy could come from renewable energy forms such as solar and wind power. Last year it said it would spend $500 million during the next five years to develop renewable energy. Shell didn't disclose financial terms of today's agreement. Daimler, Ford and Ballard's fuel cell technology is one of the most promising now being developed to make environmentally friendly autos. The group has fitted prototype fuel cells in A-class Mercedes cars and buses. The aim is to develop a car for consumers by 2004, something industry experts have said is possible given today's technology. Oil companies are just beginning to wake up to the implications fuel cells may have on demand for oil and its byproducts like gasoline and diesel fuel. Shell's statement today said the fuel cell can provide vehicles with ''at least the same performance as traditional'' autos. Cars running on hydrogen don't produce the pollutants such as carbon dioxide and nitrous oxide, which scientists say cause a warming of the Earth's climate. Exhaust from the fuel cell is water. The Shell technology involved is its proprietary Catalytic Partial Oxidation, which can convert liquid fuels into a hydrogen-rich gas consumed by the fuel cells. Shell said the result ''could be a car which has the environmental advantages of fuel cell power plus the convenience of filling up at an existing petrol station.'' --Reed V. Landberg in the London newsroom (44) 171 330- More News:AÿBLDPF