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

To: Hawkeye who wrote (3783)	2/3/1999 9:11:00 PM
From: Stephen O	Read Replies (1) \| Respond to of 5827

Perhaps their clients don't see it the same way as the analyst.

To: Hawkeye who wrote (3783)	2/3/1999 10:02:00 PM
From: Hawkeye	Read Replies (1) \| Respond to of 5827

BASF says has deepened cooperation on methanol cars FRANKFURT, Feb 3 (Reuters) - German chemical giant BASF AG (BASF.F) said on Wednesday it had signed a contract to work more closely on developing methanol-powered fuel cell engines for vehicles with Germany's DBB Fuel Cell Engines GmbH. BASF has been working together with DBB, a joint venture of DaimlerChrysler AG (DCXGn.F) Canada's Ballard Power Systems Inc (BLD.TO) and Ford Motor Co (F.N), but said it had now agreed to extend and deepen its cooperation. ''We want to develop fuel cells which can be used in motor cars by 2004,'' BASF spokesman Eckhard Parzich told Reuters, adding that although he could not give exact figures the deal had been worth many millions of marks. Fuel cells, which run on fuel such as hydrogen and methanol, are already powering prototype buses and cars. A spokesman for DaimlerChrysler said DBB planned to market the technology to other car companies around the world and that although BASF was cooperating on this project the joint venture remained between just three companies. ''We are still three elephants although the scientific partners and number of suppliers are growing,'' Wolfgang Scheunemann told Reuters. Copyright © 1999 Reuters Limited. All rights reserved.