Ballard Receives $2 Million Order From Nissan for Fuel Cells

Business Wire, May 14, 2002

Business Editors

VANCOUVER, British Columbia--(BUSINESS WIRE)--May 14, 2002

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) announced today it has received a $2 million order from Nissan Motor Co., Ltd. for Mark 902 fuel cell modules and support services, for delivery in 2002. The Mark 902 fuel cell module, introduced in October 2001, establishes a new standard of performance by optimizing lower cost, design for volume manufacture, reliability, power density and compatibility with customer system requirements.

"This order continues the long-standing relationship between Ballard and Nissan," said Andreas Truckenbrodt, Vice President of Ballard's Transportation Division. "Ballard's Mark 902 fuel cell modules will enable Nissan to advance their fuel cell vehicle development efforts. Ballard is committed to supplying our customers with the best performing, lowest cost, fuel cell solution."

Ballard Power Systems is recognized as the world leader in developing, manufacturing and marketing zero-emission proton exchange membrane ("PEM") fuel cells. Ballard is commercializing fuel cell engines for transportation applications and fuel cell systems for portable and stationary products ranging from 1 kilowatt to 250 kilowatts. Ballard is also commercializing electric drives for fuel cell and battery-powered electric vehicles, power conversion products for fuel cells and other distributed generation products, and is a Tier 1 automotive supplier of friction materials for power train components. Ballard's proprietary technology is enabling automobile, bus, electrical equipment, portable power and stationary product manufacturers to develop environmentally clean products for sale. Ballard is partnering with strong, world-leading companies, including DaimlerChrysler, Ford, ALSTOM, EBARA and FirstEnergy, to commercialize BALLARD(R) fuel cells. Ballard has supplied fuel cells to Honda, Nissan, Volkswagen, Yamaha, Cinergy, Coleman Powermate and Matsushita Electric Works, among others.

Ballard's Common shares are listed on The Toronto Stock Exchange under the trading symbol "BLD" and on the Nasdaq National Market System under the symbol "BLDP". Ballard, the Ballard logo and Power to Change the World are registered trademarks of Ballard Power Systems Inc.