VANCOUVER,
Sept. 18, 2017 /CNW/ -
Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) today announced
that the Company hosted an "Investor & Analyst Day" on
September 14 in New York City, together with numerous
sell-side and buy-side participants in-person and online through a
live webcast.
Company executives and a keynote speaker delivered informative
presentations and answered questions underscoring Ballard's strong
growth and position to continue capitalizing on the large scale
potential of commercial fuel cell applications. The event
encompassed a comprehensive review of Ballard's strategic plan –
including key market opportunities – as well as progress and
outlook across a number of important commercial, technology and
operational fronts.
Prior to this event, Ballard issued important commercial and
technology announcements that were discussed during the course of
its Investor & Analyst Day:
- Opening of Joint Venture Facility in China – September
6: A ceremony was held in Yunfu, and attended by senior
Chinese government officials, to mark the opening of a fuel cell
stack manufacturing facility in which Ballard is a joint venture
partner, together with Guangdong Nation Synergy Hydrogen Power
Technology Co. Ltd.
- First PEM Product Using Non Precious Metal Catalyst –
September 12: Ballard partner and
strategic investor Nisshinbo Holdings has developed a Non Precious
Metal Catalyst (NPMC) that Ballard will use in the world's first
NPMC-based proton exchange membrane fuel cell product, its
FCgen®-1040 fuel cell stack. This is a major
technological achievement for which Ballard is interested in
exploring commercial applications.
- Fuel Cell Engines to Power 8 Van Hool Tram-Buses –
September 13: Ballard accepted a
Letter of Intent for 8 of its 100-kilowatt fuel cell engines to
power Van Hool ExquiCity tram-buses planned for deployment in Pau,
France in the second half of
2019.
- Record Order Backlog of $264M – September
13: Ballard achieved an Order Backlog of $263.5 million as of June
30th, 2017, representing the aggregate value of
orders for which customers have made contractual commitments. In
addition, the Company achieved a 12-month Order Book of
$97.2 million as of June 30th, 2017, representing the
aggregate value of that portion of the Order Backlog expected to be
delivered in the subsequent 12-month period.
A replay of the Investor & Analyst Day webcast is available
at the Company's website, www.ballard.com/investors, along with
presentation material covering the following topics:
Speaker
|
Topic
|
Randy
MacEwen
President &
CEO
Ballard Power
Systems
|
• Ballard
Strategic Direction & Investment Thesis
|
Rob
Campbell
Vice President &
CCO
Ballard Power
Systems
|
• Power
Products Growth Platform
• Heavy Duty
Motive Market
|
Mr. Charles
Lu
Founder &
Chairman
Zhongshan Broad-Ocean
Motor Co. Ltd.
|
• The View From
Within China
|
Dr. Paul
Osenar
President –
Protonex
|
• Portable
Power Market
|
Dr. Kevin
Colbow
Vice President,
Technology & Product Development
Ballard Power
Systems
|
• Technology
& Product Roadmap
• Technology
Solutions Growth Platform
|
Phil
Robinson
Vice President,
Unmanned Systems Protonex
|
• Unmanned
Aerial Vehicle (UAV) Market
|
David
Whyte
Vice President,
Operations
Ballard Power
Systems
|
• Operations
Review
|
Tony
Guglielmin
Vice President &
CFO
Ballard Power
Systems
|
• Financial
Overview
|
About Ballard Power Systems
Ballard Power Systems
(NASDAQ: BLDP; TSX: BLDP) provides clean energy products that
reduce customer costs and risks, and helps customers solve
difficult technical and business challenges in their fuel cell
programs. To learn more about Ballard, please visit
www.ballard.com.
This release contains forward-looking statements concerning
anticipated product performance, customer benefits and market
demand for our products. These forward-looking statements reflect
Ballard's current expectations as contemplated under section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Any such
forward-looking statements are based on Ballard's assumptions
relating to its financial forecasts and expectations regarding its
product development efforts, manufacturing capacity, and market
demand.
These statements involve risks and uncertainties that may cause
Ballard's actual results to be materially different, including
general economic and regulatory changes, detrimental reliance on
third parties, successfully achieving our business plans and
achieving and sustaining profitability. For a detailed discussion
of these and other risk factors that could affect Ballard's future
performance, please refer to Ballard's most recent Annual
Information Form. Readers should not place undue reliance on
Ballard's forward-looking statements and Ballard assumes no
obligation to update or release any revisions to these forward
looking statements, other than as required under applicable
legislation.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy securities. The Ballard
Common Shares have not been registered under the United States
Securities Act of 1933, as amended, or the securities laws of any
other jurisdiction and may not be offered or sold in the United States absent registration or an
applicable exemption from registration requirements.
SOURCE Ballard Power Systems Inc.