- A global leader in the growing adoption of zero-emission fuel
cell solutions for mobility
VANCOUVER, May 26, 2020 /PRNewswire/ - Ballard Power
Systems (NASDAQ: BLDP; TSX: BLDP) today announced that the Company
will ring the Nasdaq stock market opening bell this morning in a
celebration of its 25th year on the Nasdaq stock
exchange, having been initially listed in 1995. Please click
here at 9:15am ET today to view
Ballard's virtual bell ringing ceremony or visit the Ballard
website, at www.ballard.com, to view the ceremony at a later time.
James Roche, Chairman of
Ballard's Board of Directors said, "During Ballard's years on the
Nasdaq exchange, our industry has witnessed a growing global
acknowledgement that hydrogen and fuel cells can serve a critical
role in slowing climate change. Moving forward, we anticipate
increased investor interest in ESG - environmental, social and
governance – issues, including investment risks presented by
climate change, to drive a global reassessment of asset values and
capital allocation. This movement toward sustainable businesses
will serve as an additional catalyst for the adoption of hydrogen
and fuel cell technologies."
Randy MacEwen, Ballard President and CEO noted, "Ballard has
continued to evolve and mature as a company throughout our 25-year
listing on the Nasdaq stock exchange. During this period, our team
has made remarkable strides developing fuel cell technology with
improved performance and reduced cost. As a result, today we are an
industry leader, poised with highly disruptive fuel cell
technology, at a time when there is growing consensus that fuel
cell electrification will play an important role in decarbonizing
medium- and heavy-duty mobility, including bus, commercial truck,
rail and marine applications."
Mr. MacEwen continued, "We see tremendous opportunity for
Ballard to differentiate, serve our customers, inspire our
employees and deliver long-term value for shareholders, all while
striving to achieve a compelling societal purpose embodied in our
vision – to deliver fuel cell power for a sustainable
planet. This vision gets everyone at Ballard fired up each
morning to make the company better every day."
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 the
adoption of fuel cell technology. 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.