24.06.04

24.6.2004: Meldung: Ballard Power Systems Inc.: John Sheridan Chairman of the Board

Ballard Board of Directors Appoints John Sheridan Chairman of the Board
Tuesday June 22, 6:16 pm ET
Firoz Rasul Named Chairman Emeritus

VANCOUVER, British Columbia-- June 22, 2004--Ballard Power Systems (NASDAQ:BLDP - News; TSX:BLD - News) announced today that the board of directors appointed John Sheridan as its non-executive Chairman of the Board, effective immediately. Mr. Sheridan, former President and Chief Operating Officer of Bell Canada, has been a director of Ballard since 2001. Mr. Sheridan has extensive experience in corporate governance, having served on numerous boards across Canada, as well as in the USA and UK.

"I am very pleased to be appointed Chairman of the Board and look forward to working more closely with the Ballard Board and Management team," said John Sheridan. He added that he "shares Ballard"s focus on best practices in corporate governance and is committed to enhancing these practices as Ballard continues to build a sustainable business."

In addition, the board of directors awarded the honorary title of Chairman Emeritus to Firoz Rasul in recognition of his significant contributions and leadership from 1989 to 2004. Mr. Rasul will continue to serve both Ballard and the fuel cell industry in his role as special advisor to Ballard and as Chairman of the California Fuel Cell Partnership and the Canadian Hydrogen Highway. In these roles, Mr. Rasul will continue to promote to the world the virtues of fuel cells, the hydrogen economy and Ballard.


"During Firoz Rasul"s 15-year tenure at Ballard, we have seen fuel cell technology evolve from an interesting lab experiment to become not just a bona fide alternative to, but arguably the inevitable replacement for internal combustion engines in automobiles," said Dennis Campbell, Ballard"s President and Chief Executive Officer. "Firoz"s appointment as Chairman Emeritus is in recognition of his leadership, dedication and vision. On behalf of Ballard, I would like to thank Firoz for his tireless efforts, unwavering belief in, and commitment to, Ballard"s vision of Power to Change the World®."

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 and 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 and EBARA, to commercialize Ballard® fuel cells. Ballard has supplied fuel cells to Honda, MGE UPS SYSTEMS, Mitsubishi, Nissan and Volkswagen, among others.

Ballard, the Ballard logo, Nexa and Power to Change the World are registered trademarks of Ballard Power Systems Inc.
Contact:

Ballard Power Systems Inc.
Michael Rosenberg
Investor Information
(604) 412-3195
Fax: (604) 412-3100
Email: investors@ballard.com
OR
Ballard Power Systems Inc.
Media Relations
(604) 412-4740
Fax: (604) 412-3100
Email: media@ballard.com
OR
Ballard Power Systems Inc.
Marketing Department
(604) 453-3520
Fax: (604) 412-3100
Email: marketing@ballard.com
Website: www.ballard.com


Source: Ballard Power Systems Inc.
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