VANCOUVER, BC, Oct. 5, 2021 /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 powered Fuel Cell Electric Vehicles – or FCEVs – in
commercial Heavy- and Medium-Duty Motive applications for an
industry-leading cumulative total of more than 100 million
kilometers on roads around the globe.
In just twelve months, Ballard has more than doubled its
on-the-road kilometers in service. The pace of growth of Ballard's
field experience is running in parallel to the global growth in
supportive hydrogen policy and investment.
Mr. Randy MacEwen, President and
Chief Executive Officer said, "Ballard's proven in-service
experience continues to be a compelling value proposition for our
customers as it provides confidence in our technology, product
durability, and total cost of ownership. Our recent announcement of
the 8th generation FCmoveTM-HD+ heavy duty
engine, and its significant technological advancements, is
illustrative of the continued learnings and technological evolution
of our products that directly result from in-field applications.
Leveraging this knowledge and translating it into technological
advancement enables us to maintain industry leadership while
improving ease of integration for our customers."
Ballard fuel cells currently power approximately 3,500 buses and
trucks, providing zero-emission mobility solutions in nearly a
dozen countries around the world.
Mr. MacEwen continued, "As Ballard technology continues to see
broad reaching adoption and increasing field testing with key
industry partners and customers, we are well positioned to continue
to play a leading role in the deployment and proliferation of
hydrogen fuel cell technologies. We continue to be focused on
medium and heavy-duty motive applications of bus, truck, rail and
marine where the value proposition of hydrogen fuel cells is
expressed most strongly. FCEV technology offers long range
capabilities and quick refueling, without compromising payload,
which is optimal in return-to-base refueling
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.