VANCOUVER, Jan. 27, 2020 /PRNewswire/ - Ballard Power
Systems (NASDAQ: BLDP; TSX: BLDP) today announced that the
Company's proton exchange membrane (PEM) fuel cell technology and
products have now successfully powered Fuel Cell Electric Vehicles
– or FCEVs – in commercial Heavy- and Medium-Duty Motive
applications for an industry-leading cumulative total of more than
30 million kilometers (18.5 million miles) on roads around the
globe.
Ballard has a long track record of having its PEM fuel cell
technology and products integrated into FCEVs to provide
zero-emission motive power for vehicle propulsion. This includes in
excess of 570 Fuel Cell Electric Buses (FCEBs) and 2,000 commercial
trucks currently deployed in Asia,
Europe and North America. Some of the FCEBs that have
been operating for over 8-years in the field have now exceeded
35,000 hours of revenue service with no major fuel cell maintenance
requirements.
"We are grateful to our customers who continue to trust Ballard
to deliver safe, durable, reliable and high-performing PEM fuel
cell products and technology for commercial FCEVs," said
Randy MacEwen, Ballard President and CEO. "Commercial vehicles
powered by Ballard technology have on road experience that totals
more than 30 million kilometers, which is roughly equivalent to
circling the globe 750 times. Our products have powered FCEBs and
commercial trucks in 14 countries around the world, and delivered
97.3% availability in 2019. Ballard's unmatched field experience –
through eight generations of fuel cell power module and a wide
range of duty cycles, climate and road conditions – has enabled an
effective feedback loop for our product design and development
efforts, resulting in the fuel cell industry's highest performance
products designed for Heavy- and Medium-Duty Motive applications,
including bus, commercial truck, train and marine."
In 2019, Ballard launched the FCgen®-LCS
next-generation PEM fuel cell stack along with FCmoveTM,
the Company's 8th-generation fuel cell power module
(pictured above).
The use cases for which Ballard products have been deployed in
the field are strongly aligned with use cases examined in the
Hydrogen Council's "Path to Hydrogen Competitiveness: A cost
perspective" report and the Deloitte China-Ballard "Fueling the Future of
Mobility: Hydrogen and fuel cell solutions for transportation"
white paper, both of which were issued earlier in January 2020. These reports showed that certain
use cases for hydrogen FCEVs can be competitive with other
low-carbon alternatives and, in some cases, even conventional
options by 2030.
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.
This release contains forward-looking statements concerning
anticipated deliveries and deployments of 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.