Ballard Fuel Cell Engines to Power Sixty Mercedes-Benz Vehicles in Global Fleet Demonstrations.Business/Energy/Environment Writers VANCOUVER, British Columbia--(BUSINESS WIRE)--Oct. 7, 2002 Today, Ballard Power Systems' (TSX:BLD) (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :BLDP BLDP Ballard Power Systems (stock symbol) ) alliance partner, DaimlerChrysler AG, unveiled two next-generation fuel cell vehicles
"This commitment by DaimlerChrysler demonstrates how automobile manufacturers will introduce new technology on the path to mass commercialization of fuel cell vehicles," said Dennis Campbell, Ballard's President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . "DaimlerChrysler's cars will use our latest generation fuel cell powertrain, that delivers world-leading performance, as recently demonstrated by Ford's Focus FCV FCV feline calicivirus. fuel cell vehicle that completed the Michelin Challenge Bibendum The Michelin Challenge Bibendum is a major annual sustainable mobility event, sponsored by the French tire company Michelin. The next event is scheduled for 14-17 November 2007, in Shanghai, China. road rally in Germany and France." Ballard's latest generation 85 kW automotive fuel cell engine (which includes the gas supply system, control unit and fuel cell module) has a higher net power output which, combined with reduced weight and lower volume, results in a 60-percent improvement in power density over previous generation technology. This has also reduced system complexity, improved vehicle integration and lowered costs. In addition to the newly christened "F-Cell" vehicles, today DaimlerChrysler also demonstrated the Citaro city bus and the Hermes Sprinter delivery van, both powered by Ballard(R) fuel cell engines. Ballard will continue to deliver heavy-duty fuel cell engines through 2003 to DaimlerChrysler for 30 Citaro city buses to be operated in revenue-service in ten major European cities. Ballard Power Systems Ballard Power Systems (TSX: BLD, NASDAQ: BLDP), located in Burnaby, British Columbia -- a suburb of Vancouver -- is a company that designs, develops, and manufactures zero emission proton-exchange-membrane fuel cells. is recognized as the world leader in developing, manufacturing and marketing zero-emission proton exchange membrane A proton exchange membrane (PEM) is a semipermeable membrane generally made from ionomers and designed to conduct protons while being impermeable to gases such as oxygen or hydrogen. fuel cells. Ballard is commercializing fuel cell engines for transportation applications and fuel cell systems for portable and stationary products ranging from 1 kilowatt to 250 kilowatts. Ballard is also commercializing electric drives for fuel cell and other electric vehicles, power conversion products for fuel cells, natural gas and hydrogen generator sets and other distributed generation 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(R) fuel cells. Ballard has supplied fuel cells to Honda, Nissan, Volkswagen, Yamaha, Cinergy, Coleman Powermate and Matsushita Electric Works Matshushita Electric Works (MEW), Ltd. can trace its beginnings to a company that was founded in 1918 by Konosuke Matsushita. Matshushita began making the flashlight components for bicyles, then progressed to making lighting fixtures. , among others. Ballard's Common shares are listed on The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the trading symbol "BLD" and on the Nasdaq National Market System under the symbol "BLDP". Ballard, the Ballard logo and Power to Change the World are registered trademarks of Ballard Power Systems Inc. |
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