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Ballard wins first order for fuel cell system for commercial UAVs.

M2 EQUITYBITES-June 14, 2017-Ballard wins first order for fuel cell system for commercial UAVs

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Clean energy company Ballard Power Systems (NASDAQ:BLDP) (TSX:BLDP) reported on Wednesday the receipt of an initial order for its fuel cell propulsion system as well as design services for an undisclosed value.

This initial order was awarded to the company's subsidiary, Protonex, from FlyH2 Aerospace, a South African-based developer of hydrogen fuel cell powered unmanned aerial vehicles (UAVs) for commercial applications.

Under the terms of the agreement, FlyH2 plans to integrate the Protonex fuel cell system into all three of its aircraft currently in the development pipeline, including UA Plant prototype drone, its UA Alpha flagship aircraft as well as the the UA Gecko.

Additionally, FlyH2's UA Plant is expected to be a 30 kilogram fuel cell-powered agricultural utility aircraft with nine hour flight endurance.

In conjunction, FlyH2's UA Alpha will be a long-range, long-endurance survey and reconnaissance aircraft designed to carry advanced sensors. Specifications include a wingspan of 8.2 meters , maximum cruising altitude of 4,250 meters and flight distance of more than 600 kilometers.

FlyH2's third drone, the UA Gecko, is being designed to monitor physical infrastructure, including roads, bridges, pipelines as well as powerlines.

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Publication:M2 EquityBites (EQB)
Date:Jun 14, 2017
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