VANCOUVER, BC, Jan. 13, 2022 /CNW/ - Ballard Power Systems
(NASDAQ: BLDP) (TSX: BLDP) is pleased to announce orders for 31
modules, totaling 3 MW of hydrogen fuel cell power, to a leading
global construction, electric power, and off-road equipment
manufacturer for testing and deployment in a variety of end-use
applications. The modules are expected to be delivered in 2022 and
2023 to match planned integration, testing, and deployment
schedules.
"We are thrilled to be partnering with this important strategic
account where we are able to offer Ballard's portfolio of leading
fuel cell engines across a variety of off-road and stationary power
applications," stated Randy MacEwen,
Ballard's President & CEO. "We see significant leverage
in our business model where we use the same core competencies, the
same core fuel cell technology, and, in some cases, the same fuel
cell engines across different business verticals and geographic
markets."
The orders include the supply of Ballard's new
FCmove™-HD+ engines, marking an important
commercial milestone for Ballard's latest fuel cell engine which
was launched late last year. The
FCmove™-HD+ is more compact and efficient
than previous generations, with an expected lower total cost of
ownership, making it a competitive, zero-emission solution for
broad reaching medium and heavy-duty applications.
Mr. MacEwen continued, "Our latest
FCmove™-HD+ demonstrates a significant
improvement in our technology and highlights the pace at which our
fuel cells are advancing and supporting the market need for
zero-emission solutions. We are excited with increased customer and
end-user engagement to decarbonize heavy-duty off-road mobility
applications, such as mining equipment, as well as stationary power
applications, such as critical back-up for data centers. We are
well positioned to support decarbonization of various hard-to-abate
applications."
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 and forklift trucks.
To learn more about Ballard, please visit www.ballard.com.
Forward-looking statements
This release contains
forward-looking statements concerning the development and delivery
of fuel cell products, and the benefits and anticipated market
adoption of them. 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 statements
are based on Ballard's assumptions relating to its financial
forecasts and expectations regarding its product development
efforts, manufacturing capacity, and market demand. For a detailed
discussion of the factors and assumptions that these statements are
based upon, and factors that could cause our actual results or
outcomes to differ materially, please refer to Ballard's most
recent management discussion & analysis. Other risks and
uncertainties that may cause Ballard's actual results to be
materially different include 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. These
forward-looking statements are provided to enable external
stakeholders to understand Ballard's expectations as at the date of
this release and may not be appropriate for other purposes. Readers
should not place undue reliance on these statements and Ballard
assumes no obligation to update or release any revisions to them,
other than as required under applicable legislation.
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SOURCE Ballard Power Systems Inc.