VANCOUVER, Dec. 4, 2018 /CNW/ - Ballard Power Systems
(NASDAQ: BLDP; TSX: BLDP) today congratulates Infintium, Inc. –
part of the Dare Group, a public company listed on the Shenzhen
Stock Exchange (Infintium; www.infintium.com) – on its announcement
that the Company is now providing Hydrogen Power Cell fuel cell
systems to Daimler (Mercedes-Benz) for use in powering Material
Handling equipment at its Vance,
Alabama manufacturing facility. Ballard fuel cell stacks are
integrated into Infintium's Hydrogen Power Cell systems.
The Daimler equipment being powered by Infintium Hydrogen Power
Cell systems include Class 1 and 3 forklift trucks as well as
Automated Guided Tuggers (AGTs). Ballard FCgen®-1020ACS
air-cooled fuel cell stacks and FCvelocity®-9SSL
liquid-cooled fuel cell stacks are integrated into Hydrogen Power
Cell systems.
Thomas Lynch, CEO of Infintium
said, "Our Hydrogen Power Cells, with Ballard fuel cell stacks,
underwent thousands of operational testing hours. We now have the
data to prove that our smart design exceeded Mercedes' desires to
achieve greater reliability and higher fuel efficiency than
previous fuel cell designs."
Rob Campbell, Ballard Chief
Commercial Officer noted, "We are very pleased to be collaborating
with Infintium on its fully integrated system for Material Handling
applications. Working with our proven fuel cell stacks, Infintium
is now supporting forklift trucks and AGTs for Daimler, a
world-leading automotive OEM with the highest standards for
performance and reliability. Powering Material Handling equipment
with fuel cells offers compelling benefits, including improved
productivity and facility space optimization."
Ballard FCgen®-1020ACS air-cooled fuel cell stacks
feature:
- Scalable power output from 400 watts to 3.3 kilowatts
(kW);
- Open-cathode stack and self-humidifying MEA, eliminating the
need for a humidifier, coolant pump and radiator;
- Up to 10,000 hour lifetime, depending on the application;
and
- Robust and reliable performance.
Ballard FCvelocity®-9SSL liquid-cooled fuel cell
stacks feature:
- Scalable power output from 4-to-21kW;
- High durability;
- Ability to withstand rugged operating conditions;
- Fast, dynamic response; and
- Lifetime in excess of 20,000 hours, depending on the
application.
About Infintium, Inc.
Infintium, Inc. is an original
designer and manufacturer of the next generation of zero-emission
Hydrogen Power Cells for motive applications. Infintium is
revolutionizing what hydrogen power can achieve in material
handling applications. The Company has introduced the industry's
first 'data recorder' that mimics the characteristics of flight
recorders in the airline industry. Our sensor fusion design
collects hundreds of data points per second, providing a virtual
replay of the truck's performance over any given period of time.
Our on-board health monitoring system delivers increased
reliability and efficiency for the next generation of material
handling demands.
Infintium is part of the Dare Group, a public company listed on
the Shenzhen Stock Exchange, with worldwide headquarters located in
Shanghai, China. Dare has over
5,200 employees worldwide, with eighteen factories and seven
R&D facilities located in ten countries spanning North America, Europe and Asia.
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 and business challenges in their fuel cell
programs. 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.