Ballard Powers First Ford Production Fuel Cell-Powered Focus.DETROIT -- Ballard(R) Fuel Cells to Power More Than 50 percent of Announced Demonstration Fleets Under U.S. Hydrogen Economy Initiative Ballard Powering the Largest Number of Fuel Cell Cars and Buses in the World The first production vehicles powered with Ballard(R) fuel cells and built by Ford Motor Company for customer use under the U.S. Department of Energy demonstration program were unveiled in Detroit today. 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: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 ) together with its Alliance partners, DaimlerChrysler and Ford, continue to lead the industry in fuel cell development, as they place the largest fleet of fuel cell vehicles
"The launch of this Ford fuel cell demonstration fleet, together with the previously announced DaimlerChrysler deployments of cars, vans, and buses powered with Ballard(R) fuel cells, clearly demonstrates the strength and leadership of our fuel cell Alliance," said Dennis Campbell, Ballard's President and Chief Executive Officer. "This unique collaboration between Ford, DaimlerChrysler and Ballard Power Systems is fielding the most extensive fuel cell vehicle demonstration ever undertaken. Over the next two years more than 120 Alliance-built fuel cell vehicles will be on the road in the hands of end-use customers in thirteen different countries. The experience we are gaining under actual driving conditions will add immeasurably im·meas·ur·a·ble adj. 1. Impossible to measure. See Synonyms at incalculable. 2. Vast; limitless. im·meas to our fundamental technology understanding and keep the Alliance at the forefront of the most sweeping transformation in the history of motor transport." Today, Ballard powers the largest number of fuel cell vehicles demonstrated to date and is currently integrating real world data gained from these demonstrations to support the development of next generation fuel cells and fuel cell engines. In nine major European cities and in Iceland and Australia, 33 Mercedes-Benz Citaro buses powered with Ballard(R) heavy-duty fuel cell engines are operating on city streets. These buses are carrying passengers in daily service in each city as part of a two-year field trial program. Since 1993, ten of the top 15 automakers have demonstrated over 125 vehicles (including 49 fuel cell buses) powered with Ballard(R) fuel cells. During 2003, Ballard supplied fuel cells to six of the top 10 automakers, including DaimlerChrysler, Ford, Honda and Mitsubishi, to support their existing automotive fleet introductions in the U.S., Japan, Singapore and Europe. 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 there·on adv. 1. On or upon this, that, or it. 2. Archaic Following that immediately; thereupon. Adv. 1. thereon - on that; "text and commentary thereon" on it, on that 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 cells for transportation applications and fuel cell systems for portable and stationary Stationary can mean:
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, Mitsubishi and Nissan, among others. Ballard, the Ballard logo, Nexa and Power to Change the World are registered trademarks of Ballard Power Systems Inc. |
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