Manufacturing Industry
BALLARD ACQUIRES XCELLSIS FUEL CELL ENGINES, SETS NEW STANDARD.
Advanced Materials & Composites News, November, 2001
Ballard Power Systems Inc. (NASDAQ:BLDP)(TSE:BLD.) of Vancouver, B.C., Canada, will acquire the interests of DaimlerChrysler and Ford in Xcellsis GmbH (and Ecostar Electric Drive Systems LLC).
Xcellsis and Ecostar were formed as part of the vehicular fuel cell alliance between Ballard, DaimlerChrysler and Ford in 1998. These acquisitions will provide Ballard with an expanded range of products, from components to power generators and vehicular fuel cell power trains, and an unrivaled intellectual property portfolio. The transaction increases the commitment of DaimlerChrysler and Ford to, and reliance on, Ballard as their exclusive fuel cell engine supplier.
-- Xcellsis develops, produces and sells proton exchange membrane (PEM) fuel cell engines for...
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