VANCOUVER and TORONTO, Sept. 15,
2020 /CNW/ - Ballard Power Systems (NASDAQ: BLDP) (TSX:
BLDP) today announced that the Company has been recognized by the
Toronto Stock Exchange for its strong 3-year share price
performance and named once again to the TSX30 in the second
consecutive year. The TSX30 program recognizes the top 30
performers on the Toronto Stock Exchange over the period
July 2017 to June 2020, based on share price appreciation.
Over the period July
1st, 2017 to June
30th, 2020, the price of BLDP shares on TSX rose
459% to C$20.89, the
2nd-largest appreciation among all listed companies.
Furthermore, BLDP shares are up 83% year-to-date in 2020 at
yesterday's market close.
"We are especially proud to present the 2020 TSX30, an important
means of showcasing some exciting issuer success stories across our
market," said Loui Anastasopoulos,
President, Capital Formation, TMX Group. "In a year fraught with
challenges for so many businesses, the crucial role publicly-listed
companies play in the Canadian economy is even more amplified.
These companies serve as engines of growth; creating jobs,
generating returns and creating value for investors. On behalf of
all of us at TSX, I'd like to congratulate the 2020 TSX30 winners
for their achievements and we look forward to serving their
evolving needs through each stage of their future growth."
Randy MacEwen, Ballard President and CEO noted, "We are
delighted that Ballard's share price performance has resulted in
our inclusion in the TSX30 program for a second year. Over
this past year, global recognition of the importance of
zero-emission mobility has resulted in a range of new public policy
mandates and exciting industry activities, adding to our confidence
in the continued growth of our company. Ballard continues to lead
the fuel cell industry in zero-emission products to power buses,
commercial trucks, trains, ships, cars and other transport
applications."
The TSX30 program considers all companies that have been
listed on the Toronto Stock Exchange for at least 3-years, with a
closing dividend-adjusted share price of at least C$0.50 and a market capitalization of at least
C$75 million as at June 30th, 2017. Of the 546 companies
that met these criteria, the 30 companies with greatest share price
appreciation over the period from July
1st, 2017 to June
30th, 2020 have been named to this year's
TSX30 program.
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 growth and market positioning. 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.