VANCOUVER, Oct. 29, 2019 /CNW/ - Ballard Power Systems
(NASDAQ: BLDP; TSX: BLDP) today announced receipt of a purchase
order for 9 of its FCveloCity®-HD 100 kilowatt (kW) fuel
cell modules from Anglo American's
platinum business (www.angloamericanplatinum.com), the world's
largest platinum group metals mining company and a strategic
investor in Ballard.
A total of 8 of the FCveloCity®-HD modules will power
a retrofitted Ultra heavy duty mining truck in a demonstration
project during 2020 at one of Anglo
American's mining operations in South Africa (with the final module maintained
as a spare). Following this, Anglo
American expects to deploy similar trucks, each with
megawatt (MW) scale fuel cell power, at other operations around the
world.
Rob Campbell, Ballard's Chief
Commercial Officer said, "This mining truck demonstration with
Anglo American is another
significant example of fuel cells offering a value proposition in
Heavy Duty Motive applications. Mining trucks exhibit all the
critical needs addressed by Ballard technology in our key bus,
commercial truck, train and marine vessel markets, including:
zero-emissions; extended range; rapid refueling; and heavy payload
capability. We are very excited to now provide a zero-emission
mining solution in support of Anglo
America's environmental and broader sustainability
plans."
Julian Soles, Anglo American's Head of Technology Development,
Mining and Sustainability added, "We have a longstanding commitment
as a leader in responsible mining, with numerous examples of our
progressive business decisions across many decades. We look forward
to working with Ballard to deliver this important step-change
technology, which is part of our plan to create a smart energy mix
that moves us closer towards our carbon and energy targets for 2030
and, ultimately, our vision of operating a carbon-neutral
mine."
About Ballard Power Systems
Ballard Power Systems'
(NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for
a sustainable planet. Ballard zero-emission PEM fuel cells are
enabling electrification of mobility, including buses, commercial
trucks, trains, marine vessels, passenger cars, forklift trucks and
UAVs. To learn more about Ballard, please visit
www.ballard.com.
About Anglo
American
Anglo
American is a leading global mining company and our products
are the essential ingredients in almost every aspect of modern
life. Our portfolio of world-class competitive mining operations
and undeveloped resources provides the metals and minerals that
enable a cleaner, more electrified world and that meet the fast
growing consumer-driven demands of the world's developed and
maturing economies. With our people at the heart of our business,
we use innovative practices and the latest technologies to discover
new resources and mine, process, move and market our products to
our customers around the world – safely, responsibly and
sustainably. As a responsible miner – of copper, platinum group
metals, iron ore, coal and nickel – we are the custodians of what
are precious natural resources. We work together with our business
partners and diverse stakeholders to unlock the sustainable value
that those resources represent for our shareholders, the
communities and countries in which we operate, and for society as a
whole. Anglo American is
re-imagining mining to improve people's lives.
www.angloamerican.com
This release contains forward-looking statements concerning
planned product deployments, provision of services, market adoption
and customer value proposition 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.