Ballard Fuel Cell Product Receives Two Frost & Sullivan Awards.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--May 25, 2004 Nexa(R) RM Series Named 2004 Energy Product of the Year and 2004 Alternative Technology of the Year 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. (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) ) (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :BLD BLD Build BLD Blood BLD Blade BLD Blonde BLD Breakfast Lunch Dinner BLD Bukas-Loob Sa Diyos (Filipino: Open In Spirit To God) BLD BASIC Bload Graphics (File Name Extension) BLD Below Limit of Detection ) received two Frost & Sullivan Awards at the Annual Excellence in Industrial Technology Awards Ceremony in Miami, Florida “Miami” redirects here. For the Native American tribe, see Miami tribe. Miami is a major city in southeastern Florida, in the United States. It is the county seat of Miami-Dade County. Miami is a gamma world city with an estimated population of 404,048. on May 19. The Nexa(R) RM Series, a hydrogen fueled stationary fuel cell generator based on Ballard's Nexa(R) fuel cell platform, was named 2004 Energy Product of the Year. The Nexa(R) RM Series was also named the 2004 Alternative Technology of the Year for its innovative attributes as an uninterruptible power supply See UPS. (hardware) Uninterruptible Power Supply - (UPS) A battery powered power supply unit that is guaranteed to provide power to a computer in the event of interruptions in the incoming mains electrical power. (UPS). "Fuel cells offer unique and innovative solutions today that address the limitations of existing internal combustion engine Internal combustion engine A prime mover, the fuel for which is burned within the engine, as contrasted to a steam engine, for example, in which fuel is burned in a separate furnace. and battery technology," said Ross Witschonke, Vice President, Sales and Marketing. "To receive these two prestigious awards is testament to the confidence in fuel cells as the power solution of the future. As a leader in fuel cell technology, Ballard is honored to have its Nexa(R) RM Series set the standard for future Energy Products of the Year." "Ballard is one of the very few companies that has successfully commercialized its fuel cell technology for stationary power applications and this award commends Ballard's latest fuel cell product offering, the Nexa(R) RM Series," says Frost & Sullivan analyst, Farah Saeed. "This award validates Ballard's successful technology development and introduction, and we expect the Nexa(R) RM Series fuel cell product to significantly benefit the power generation industry." The Nexa(R) RM Series has been developed to meet the needs of the UPS and telecommunications power markets, and is based on the technology developed from Ballard's first commercial fuel cell product, the Nexa(R) power module, which is suitable for both portable and stationary fuel cell power applications. The Nexa(R) RM Series is modular and is designed for industry-standard 19-inch rack mounting. The scalability of the product, in 1 kW increments, provides the versatility to meet application-specific load requirements across the power range. For telecom, a typical application is in the range of 5 kW to 20 kW. The system includes electrical connections, an exhaust system Noun 1. exhaust system - system consisting of the parts of an engine through which burned gases or steam are discharged exhaust automobile engine - the engine that propels an automobile and safety features, along with N+1 redundancy Definition N+1 Redundancy describes a system configuration in which multiple components (N) have at least one independent backup component to ensure system functionality continues in the event of a system failure. capability for specific market requirements. Hydrogen fuel for the Nexa(R) RM Series is available from existing hydrogen gas suppliers. Ballard's Nexa(R) RM Series fuel cell modules are powering MGE Mge Mycoplasma Genitalium MGE Minneapolis Grain Exchange MGE Madison Gas and Electric Company MGE Mobile Genetic Elements MGE Maintenance Ground Equipment MGE Microstation Graphics Environment MGE Modern Gun Effectiveness Model MGE Modular Gis Environment UPS SYSTEMS' Pulsar EX RT online UPS, which features extended run backup power An additional power source that can be used in the event of power failure. See UPS and backup.  A Half Minute of Backup This roomful of lead acid batteries stands ready to drain itself entirely in less than a minute. for critical network systems as long as hydrogen fuel is supplied. With proven double-conversion online technology, the rack system offers power protection optimized for maximum reliability and long backup times for high-density IT applications and servers. The hydrogen fuel, which is contained in replaceable cylinders, is piped directly to the fuel cell module. Like a battery, the fuel cell module produces DC voltage that is then bussed to the UPS. Scalable fuel cell modules are ideally suited to meet the needs of the UPS and telecommunications markets, where the limitations of batteries - including inadequate runtimes, ongoing maintenance, periodic replacement and disposal, and excessive weight and floor space requirements - have long presented difficulties for applications requiring backup in excess of one hour. About Frost & Sullivan Founded in 1961, Frost & Sullivan is recognized as a global leader in growth consulting. Frost & Sullivan Awards are presented to companies that demonstrate excellence in their industry, commending the diligence, commitment, and innovative business strategies required to advance in the global marketplace. Frost & Sullivan rigorously analyzes specific criteria to determine award recipients in a vast variety of market industries and landscapes. For further information, visit www.frost.com. This release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that are based on the beliefs 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. When used in this release, the words "estimate", "project", "believe", "anticipate", "intend", "expect", "plan", "predict", "may", "should", "will", the negative of these words or such other variations thereon or comparable terminology are intended to identify forward-looking statements. Such statements reflect the current views of Ballard with respect to future events based on currently available information and are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated in those forward-looking statements. Ballard Power Systems 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. 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 A piece of electrical equipment is a machine, powered by electricity and usually consists of an enclosure, a variety of electrical components and often a power switch. Examples of Electrical Equipment
Ballard, the Ballard logo, Nexa and Power to Change the World are registered trademarks of Ballard Power Systems Inc. |
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