Ballard Fuel Cell-Powered Vehicles Unveiled at California Fuel Cell Partnership Ceremony.Business Editors VANCOUVER, B.C.--(BUSINESS WIRE)--Nov. 1, 2000 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. Inc. (TSE: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) announced today that 14 fuel cell vehicles
Eight cars from Ford, DaimlerChrysler, Nissan, and Honda and three buses from DaimlerChrysler and Xcellsis Fuel Cell Engines were powered by Ballard during the Official Opening ceremonies that took place in Sacramento, California today. The California Fuel Cell Partnership is committed to enabling fuel cell vehicle commercialization as a means of moving toward a sustainable energy future -- increasing energy efficiency, improving air quality, and reducing greenhouse gas emissions. "Today marks an historic event with members of the auto industry coming together to show the world the future of automotive power -- a fuel cell future," said Firoz Rasul, Ballard's Chairman and Chief Executive Officer. "The valuable information that we will gain from the demonstration and field trial of Ballard powered fuel cell vehicles in California will continue to extend our leadership position in the fuel cell industry. It will also strengthen our customer relationships with the leading companies in the automotive industry." The Partnership -- which formally began in April 1999 -- includes auto manufacturers (DaimlerChrysler, Ford, Honda, Hyundai, Nissan, Volkswagen, and now GM and Toyota), energy providers (BP, Shell, Texaco), fuel cell companies (Ballard Power Systems and International Fuel Cells), and government agencies (the California Air Resources Board California Air Resources Board (CARB) is the "clean air agency" of the state of California in the United States. Established originally in 1967, it is a part of the California Environmental Protection Agency, an organization which reports directly to the California , California Energy Commission The California Energy Commission is California’s primary energy policy and planning agency. Created in 1974 and headquartered in Sacramento, the Commission has responsibility for activities that include forecasting future energy needs, promoting energy efficiency through , U.S. Department of Energy, U.S. Department of Transportation, and the South Coast Air Quality Management District The South Coast Air Quality Management District (SCAQMD), formed in 1976, is the air pollution agency responsible mainly for regulating stationary sources of air pollution for most of Los Angeles, San Bernardino, Riverside County, and all of Orange county. ). The California Fuel Cell Partnership is a voluntary effort to advance a new automobile technology that could move the world toward practical and affordable environmental solutions. The Partnership will demonstrate fuel cell-powered electric vehicles under real day-to-day driving conditions; will demonstrate the viability of an alternative fuel infrastructure technology; explore the path to commercialization; and increase public awareness of fuel cell electric vehicles. The Partnership will place more than 70 fuel cell passenger cars and fuel cell buses on the road between 2000 and 2003. 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. (PEM) fuel cells for use in transportation, electricity generation and portable power products. Ballard Power Systems' proprietary fuel cell technology is enabling automobile, electrical equipment and portable power product manufacturers to develop environmentally clean products for sale. The fundamental component of these end-user products is the Ballard(R) fuel cell that combines hydrogen (which can be obtained from methanol, natural gas or petroleum) and oxygen (from air) without combustion to generate electricity. Ballard is partnering with strong, world-leading companies, including DaimlerChrysler, Ford, GPU International, ALSTOM and EBARA, to commercialize Ballard fuel cells. Ballard has also 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 and the Ballard logo are registered trademarks of Ballard Power Systems Inc. |
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