Ballard Power Systems (NASDAQ:BLDP)
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1 Year : From Dec 2018 to Dec 2019
VANCOUVER and CHICAGO, April 29, 2019 /CNW/ - Ballard Unmanned Systems, Inc. – a subsidiary of Ballard Power Systems, Inc. (Nasdaq: BLDP; TSX: BLDP) – today announced the launch of the FCair™ fuel cell product line, a complete long duration fuel cell power solution for commercial Unmanned Aerial Vehicles (UAVs), at the AUVSI Xponential Annual Conference and Expo 2019 being held in Chicago.
FCair™ includes an industry-leading hydrogen fuel cell power system, hydrogen storage vessels, pressure regulators, refueling solutions and hydrogen gas supply. The product line supports commercial UAV manufacturers and operators in the delivery of fuel cell-powered UAV benefits, including: 3x the flight duration of batteries; 5x the reliability and a fraction of the noise of small internal combustion engines; and significantly reduced operational expenses.
Phil Robinson, Vice President & General Manager, Ballard Unmanned Systems said, "We have worked to focus UAV propulsion systems on high value commercial applications. This year's AUVSI Xponential Conference marks a milestone, with our display of the first fully integrated commercial multi-rotor drone or UAV utilizing Ballard's FCair™ solution, including the support components and systems that make this integration possible. We see significant long-term market opportunities for zero-emission commercial drones and, eventually, vertical takeoff and landing vehicles and autonomous flying cars."
The Ballard product line includes FCair™-600 and FCair™-1200 liquid-cooled fuel cell power systems, with built-in hybrid battery control and charging, and delivering 600 and 1200 watts of power, respectively. These systems are currently in ongoing field trials, having previously been proven in harsh environments and at high altitudes. The FCair™ family also includes lightweight Carbon Overwrapped Pressure Vessels (COPVs), which are hydrogen fuel tanks based on recent advancements in the automotive and aerospace industries. Lightweight pressure regulators, which reduce the 6,000 psi hydrogen storage pressure to 20 psi pressure needed for a fuel cell, and which include features to assure safe and predictable operation, are also being introduced.
Dr. Jim Sisco, Ballard Unmanned Systems Technical Lead noted, "Over the past several AUVSI Xponential conferences we have presented on a range of topics, including hydrogen power and hydrogen storage technologies. As the technology and markets matured, we have engaged with hydrogen safety experts from the automotive and aerospace markets to ensure that, as an industry, we are providing systems that are not only high-performance and easy-to-use, but that are also safe from the ground up."
Ballard Unmanned Systems is displaying FCair™ systems in booth #1311 at the AUVSI Xponential Annual Conference and Expo 2019, and will present Fuel Cell UAS: Hydrogen Safety, Handling, and Field Experience in the Technology Track, in room S404a at 11:30 AM on Tuesday, April 30th.
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 challenges or address new business opportunities. To learn more about Ballard, please visit www.ballard.com.
This release contains forward-looking statements concerning anticipated development results and impacts on 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.
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SOURCE Ballard Power Systems Inc.