Automotive Fuel Cell Order Taken

Ballard Power Systems has received a US$1.88 million order from a new automotive customer for Ballard’s fuel cell engine and support services.

Vancouver, British Columbia, Canada – November 26, 2002 [] The contract will include Ballard’s light-duty fuel cell engine, featuring the Mark 902 fuel cell module, application engineering, integration and vehicle launch support. Shares of Ballard Power Systems closed at their highest level in four months Monday after the announcement of the deal. The company did not reveal the name of its new customer. “The performance of our Mark 902 fuel cell engine is attracting significant interest in the marketplace,” said Andreas Truckenbrodt, Ballard’s vice president and general manager, Transportation Division. “We are pleased to add another automotive company as a customer and we will work towards building a long-term relationship with them as their fuel cell vehicle development program moves forward.” Ballard’s focus on the transportation market is to drive product innovation, cost reduction, and the development of volume manufacturing processes. Ballard strives to work with customers to deliver fuel cell product solutions that meet their requirements to deliver the next generation of transportation power.
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