18.6.2003: Ballard Power Systems Inc.: US $1.75 Million Fuel Cell Order
Tuesday June 17, 8:04 am ET
VANCOUVER, British Columbia-- June 17, 2003--Ballard Power Systems (TSX: BLD - News; NASDAQ: BLDP - News) has received a US $1.75 million order from a new major automotive customer for Ballard fuel cell products. Dennis Campbell, Ballard"s President and Chief Executive Officer said, "Our automotive business continues to grow and we are very pleased to be adding another auto company to our customer base. By supplying a majority of the major auto companies, we have the opportunity to test and evaluate our fuel cells under a variety of different operating conditions and vehicle platforms, learn more about our customer requirements and reinforce Ballard"s position as the fuel cell supplier of choice to the automotive industry."
Ballard Power Systems is recognized as the world leader in developing, manufacturing and marketing zero-emission proton exchange membrane fuel cells. Ballard is commercializing fuel cell engines for transportation applications and fuel cell systems for portable and stationary products. Ballard is also commercializing electric drives for fuel cell and other electric vehicles, power conversion products, and is a Tier 1 automotive supplier of friction materials for power train components. Ballard"s proprietary technology is enabling automobile, bus, electrical equipment, portable power and stationary product manufacturers to develop environmentally clean products for sale. Ballard is partnering with strong, world-leading companies, including DaimlerChrysler, Ford, EBARA, ALSTOM and FirstEnergy, to commercialize Ballard® fuel cells. Ballard has supplied fuel cells to Honda, Nissan, Volkswagen, Yamaha and Cinergy, among others.
Ballard, the Ballard logo and Power to Change the World are registered trademarks of Ballard Power Systems Inc.
Source: Ballard Power Systems Inc.