Business Services Industry
Ballard Receives C$2.5 Million Order from Honda for Portable Fuel Cell Systems
Business Wire, Feb 5, 1998
VANCOUVER, BRITISH COLUMBIA--(BUSINESS WIRE)--Feb. 5, 1998-- Ballard Power System(TSE:BLD.) (NASDAQ:BLDPF) Ballard Power Systems Inc. today announced that it had received a C$2.5 million (US$1.7 million) order from Honda R&D Co., Ltd. of Japan, a subsidiary of the Honda Motor Company, for the supply of one kilowatt, low pressure, portable Ballard Fuel Cell systems. Honda will integrate the fuel cell systems into portable power and specialty applications operating on hydrogen for demonstration, testing and product development.
"This fuel cell order from Honda for portable applications is in addition to previous deliveries for automotive applications," said Firoz Rasul, Ballard's President and Chief Executive Officer. "Ballard Fuel Cells have the ability to generate power for many diverse applications."
Low power Ballard Fuel Cells operating at low pressure are air cooled, simple, quiet, reliable and particularly suited for the requirements of portable and some stationary power applications. Providing clean and efficient power, low pressure fuel cells add to Ballard's product line, which include pressurized fuel cells which are targeted at high power transportation and stationary applications.
Ballard Power Systems is the world leader in the development of proton exchange membrane fuel cell power systems. At the heart of its products is the Ballard Fuel Cell, a proprietary zero-emission engine that converts natural gas, methanol, gasoline or hydrogen fuel into electricity without combustion. Ballard Fuel Cells are currently being used by leading international companies including Daimler-Benz, Ford, General Motors, Chrysler, Nissan, Honda, Volkswagen, Volvo, Matsushita Electric Works, GPU International and GEC ALSTHOM to develop zero-emission vehicles, clean stationary electric power plants and portable power systems.
CONTACT: Ballard Power Systems Inc.
Paul Lancaster, 604/ 454-0900
Website: http://www.ballard.com
or
Ballard Power Systems Inc.
Debby Roman, 604/ 412-4740
Email: debrom@ballard.com
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