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

To: Kayaker who wrote (4049)	4/19/1999 9:51:00 PM
From: Hawkeye	Read Replies (1) \| Respond to of 5827

Hi Bob, thanks for that article. I think this is major news myself though they incorrectly said it was Necar 3 instead of Necar 4. In the spirit of good fun though, I must refer you back to my post #3864 with your response in post #3869! I would also note that the LA Times article indicated more than twice as many test vehicles than the original Globe and Mail article on the weekend, let's hope the LA Times is right. Regards

To: Kayaker who wrote (4049)	4/19/1999 10:33:00 PM
From: Kayaker	Read Replies (1) \| Respond to of 5827

Ballard Power shares climb on California test By Jeffrey Jones CALGARY, April 19 (Reuters) - Shares in Ballard Power Systems Inc. (BLD.TO - news) jumped by nearly 9 percent on Monday, fueled by a key test of its zero-emission vehicle technology in California. Vancouver-based Ballard confirmed it would conduct a street demonstration on Tuesday in the state known for tough vehicle emissions targets of its fuel-cell-powered vehicle developed with major automaker DaimlerChrysler AG (DCX - news). Ballard stock in Toronto closed up C$4.35 to C$53.05 on Monday. It had climbed as high as C$54 earlier in the session. The demonstration, which could eventually lead to tests with dozens of cars and buses, was set to begin at a ceremony in the state capital of Sacramento on Tuesday. It could be a number years before the company's technology powers commercially produced and widely available vehicles. But analysts said the pilot test in California -- the state with the most stringent vehicle emission-reduction targets in the U.S. -- showed huge potential for Ballard's technology, which turns hydrogen gas into electricity and leaves only heat and water vapor as byproducts. ''California is one of the most progressive states in terms of environmental policy and a significant amount of the U.S. population is there,'' said Kevin Binnie, an analyst with Pacific International Securities in Vancouver. Ballard has been one of the world's most prominent alternative power system developers for the automotive industry. Its credibility has been enhanced by investments in the company by auto heavyweights DaimlerChrysler, which owns 20 percent, and Ford Motor Co. (F - news), which owns 5 percent. Interest in using fuel cells to power cars, buses and even railroad locomotives has grown sharply in recent years as emission standards have tightened over environmental concerns, especially in the United States. Analysts say, however, that Ballard's continuing challenge is its ability to lower the cost of its product. Last week, shares in a smaller Canadian fuel cell company, Calgary-based Global Thermoelectric Inc. (GLE.TO - news), tripled after it announced it would develop a system for Delphi Automotive Systems Corp. (DPH - news), the world's biggest auto parts supplier.