carimmohelp: Ballard Participates in Opening of Mercedes-Benz Fuel Cell …

среда, 27 июня 2012 г.

Ballard Participates in Opening of Mercedes-Benz Fuel Cell …

VANCOUVER, June 21, 2012 /PRNewswire via COMTEX/ –
Ballard Power Systems

President and CEO, John Sheridan, participated with other
executives and dignitaries in today’s ceremony officially opening the
Mercedes-Benz Canada fuel cell production facility in Burnaby, British
Columbia.

Ballard has a long-standing relationship with Mercedes-Benz, as partners
in research, development as well as manufacture of fuel cell stacks for
use in Mercedes-Benz automotive programs. Establishment of the new
production facility is an important step in the commercialization of
fuel cell cars, as Mercedes-Benz works toward market introduction over
the next several years. With its expertise in fuel cell technology,
product development and manufacturing engineering, Ballard provides
Engineering Services to Mercedes-Benz Fuel Cells at the Burnaby
facility.

In his remarks John Sheridan noted «This is an exciting day for Canada’s
hydrogen and fuel cell sector, which has made tremendous progress over
the past few years, putting into place the key building blocks for
commercial success. Unveiling of the new Mercedes-Benz production
facility represents another key building block, enabling key
improvements in product quality and major reductions in product costs.»

Engineering Services represents a growing line of business activity for
Ballard, leveraging the Company’s capabilities in fuel cell technology,
product development and manufacturing engineering. Ballard’s
Engineering Services client relationships include leading companies in
varied sectors, such as Mercedes-Benz and Anglo American Platinum
Limited, a global leader in the mining sector.

About Ballard Power Systems
Ballard Power Systems provides clean energy fuel cell products enabling
optimized power systems for a range of applications. Products are based
on proprietary esencia™ technology, ensuring incomparable performance,
durability and versatility. To learn more about Ballard, please visit
www.ballard.com .

Forward-Looking Statements
Some of the statements contained in this release are forward-looking
statements regarding Ballard’s markets and growth, within the meaning
of the U.S. Securities Act of 1933, as amended, and U.S. Securities
Exchange Act of 1934, as amended, and forward-looking information
within the meaning of Canadian securities laws, such as statements that
describe the anticipated closing of the sale of the Notes, the
anticipated use of proceeds from the Note offering, and other
statements. Since forward-looking statements are not statements of
historical fact and address future events, conditions and expectations,
forward-looking statements by their nature inherently involve unknown
risks, uncertainties, assumptions and other factors well beyond the
Company’s ability to control or predict. Actual events, results and
developments may differ materially from those contemplated by such
forward-looking statements. Material factors that could cause actual
events to differ materially from those described in such
forwarding-looking statements include risks related to the Company’s
condition requiring anticipated use of proceeds to change, timing of,
and ability to obtain, required regulatory approvals, and general
economic and regulatory changes.

These forward-looking statements represent the Company’s views as of the
date of this release. There can be no assurance that forward-looking
statements will prove to be accurate, as actual events and future
events could differ materially from those anticipated in such
statements. Readers should not place undue reliance on any
forward-looking statements.

Public Relations: Guy McAree, +1.604.412.7919, media@ballard.com Investor Relations: Lori Rozali, +1.604.412.3195, investors@ballard.com

SOURCE Ballard Power Systems Inc.

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