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: Thomas Stewart who wrote (3289)	11/25/1998 10:06:00 AM
From: HarveyO	Read Replies (2) \| Respond to of 5827

Van Sun says peace group wants end to defence sales Ballard Power Systems Inc BLD Shares issued 23,083,665 Nov 24 close $49.85 Wed 25 Nov 98 In the News The Vancouver Sun reports in its feature business story in its Wednesday edition that peace group End the Arms Race asked Ballard Power Systems on Tuesday to cancel a contract with the United States Navy and withdraw from other military projects. Reporter William Boei notes that End the Arms Race president Peter Coombes says that Ballard is increasingly involved in military contracts, tainting its reputation with ethical investors. A Ballard official says that defence contracts are a diminishing source of revenue, but one the company does not want to abandon. Paul Lancaster, vice-president of corporate development, says that Ballard is not in the arms business. He says that Ballard is focused on commercial, not military, fuel cell products, but bids on defence contracts because development financing for new technology in many countries is channelled through defence departments. Ballard has several contracts with the Canadian defence department and with military contractors in the U.S. and Germany to supply fuel cells, mainly for projects to develop propulsion systems for submarines. I don't think this story will hurt Ballard in the least. As a matter of fact, they got some pretty good television coverage on last night's 6:00PM news as a result of it. Harvey