Grid Scale

Ballard Confident Despite Ford Pull Out

September 4, 2002 [] Ballard Power Systems said that Ford Motor Company’s recent decision to not place the battery electric TH!NK City vehicle into North American production will have no impact on Ballard’s 2002 revenue projections of US$82-million. Ballard was to supply the electric drive for this vehicle. The company will continue to develop its electric drive technology for use in airport ground support equipment, hybrids and fuel cell vehicles. Ford will focus resources on the development of fuel cell and hybrid vehicle technology.