10.10.2007: Meldung: Exide Technologies Signs Agreement With Ballard Power
Ballard is recognized as a world leader in the development, manufacture and sale of zero-emission hydrogen fuel cells. Ballard"s work in the materials handling market has, to this point, been based on using the company"s Mark9 SSL(TM) fuel cell stack as an alternative to lead-acid batteries. This program will utilize Ballard"s Mark1020 ACS(TM) hydrogen fuel cell stack and Exide"s ELEMENT(TM) valve regulated lead acid batteries. The program illustrates the flexibility of fuel cells and batteries, while opening a new channel to the materials handling market. The hybrid fuel-cell battery system also is anticipated to provide incremental revenue opportunities for both companies.
"Our alliance with Ballard demonstrates our commitment to innovation in high-technology energy storage solutions, while addressing the unique concerns of our customers," said Mark Jesko, Director of Marketing - Industrial Energy Americas for Exide Technologies. "Using hydrogen fuel cells to provide on-board recharging capability also allows Exide to enter a growth segment of the market."
Ballard is focused on commercializing products in nearer term markets where hydrogen fuel cells offer benefits to customers that incumbent solutions cannot. Ballard"s Mark1020 ACS fuel cell features fast, dynamic response, robust and reliable operation, durable packaging and a simplified, air-cooled design. While Ballard"s customers have used the Mark1020 ACS technology primarily for stationary telecommunications backup power, this product is also suitable for motive power applications. The design simplicity of the Mark1020 ACS enables integration of the stack into less complex, lower-cost systems, supporting the move towards commercialization of fuel cell products in the materials handling market, where cost is a key consideration.
"We are excited to work with a global player in developing an on-board hybrid energy system," said Michael Rosenberg, Ballard"s Director - Materials Handling. "And, Exide"s commitment to this effort certainly reflects the growing interest in commercial fuel cell-powered applications."
Initial prototypes of the hybrid hydrogen fuel cell battery system will be delivered to the U.S. Department of Defense.
About Exide Technologies
Exide Technologies, with operations in more than 80 countries, is one of the world"s largest producers and recyclers of lead-acid batteries. The Company"s four global business groups - Transportation Americas, Transportation Europe and Rest of World, Industrial Energy Americas and Industrial Energy Europe and Rest of World - provide a comprehensive range of stored electrical energy products and services for industrial and transportation applications.
Transportation markets include original-equipment and aftermarket automotive, heavy-duty truck, agricultural and marine applications, and new technologies for hybrid vehicles and 42-volt automotive applications. Industrial markets include network power applications such as telecommunications systems, electric utilities, railroads, photovoltaic (solar-power related) and uninterruptible power supply (UPS), and motive-power applications including lift trucks, mining and other commercial vehicles.
Further information about Exide, including its financial results, are available at www.exide.com.
About Ballard Power Systems
Ballard Power Systems Inc. (Toronto:BLD.TO - News)(NasdaqGM:BLDP - News) is recognized as a leader in the development, manufacture and sale of hydrogen fuel cells. Ballard"s mission is to make fuel cells a commercial reality. To learn more about what Ballard is doing with Power to Change the World®, visit www.ballard.com.
This release contains forward-looking statements that are based on the beliefs and assumptions of Ballard"s management and reflect Ballard"s current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. Such assumptions relate to our financial forecasts and expectations regarding our product development efforts, manufacturing capacity, and market demand. These statements involve risks and uncertainties that may cause our actual results to be materially different, including, without limitation, the rate of mass adoption of our products, product development delays, changing environmental regulations, our ability to attract and retain business partners and customers, our access to funding, increased competition, our ability to protect our intellectual property, changes in our customers" requirements, and our ability to provide the capital required for product development, operations and marketing. Readers should not place undue reliance on Ballard"s forward-looking statements and Ballard assumes no obligation to update or release any revisions to these forward looking statements. For a detailed discussion of the risk factors that could affect Ballard"s future performance, please refer to our most recent Annual Information Form.
Ballard Power Systems Inc.