VANCOUVER, BC, June 9, 2022 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced results of its 2022 Annual General Meeting, which was held yesterday as a virtual event.

Ballard Power Systems Inc. (CNW Group/Ballard Power Systems Inc.)

All nominees listed in the Management Proxy Circular dated April 11th, 2022 were elected as directors of the Company. Each of the Ballard directors was re-elected by a majority of the votes cast by shareholders present or represented by proxy. Director biographies are available in the "Our Leadership" section of the Company's website.

Director Nominee

Votes For

% For

Votes Withheld

% Withheld

Kathy Bayless

113,047,020

99.19

922,369

0.81

Douglas P. Hayhurst

111,878,099

98.17

2,091,290

1.83

Kui (Kevin) Jiang

90,878,540

79.74

23,090,847

20.26

Duy-Loan Le

112,700,952

98.89

1,268,436

1.11

Randy MacEwen

113,122,481

99.26

846,909

0.74

Hubertus M. Muehlhaeuser

112,872,897

99.04

1,096,493

0.96

Marty Neese

112,610,734

98.81

1,358,656

1.19

James Roche

112,822,949

98.99

1,146,441

1.01

Shaojun (Sherman) Sun

86,149,456

75.59

27,819,933

24.41

Janet Woodruff

102,288,303

89.75

11,681,085

10.25

In addition, KPMG LLP, Chartered Accountants, was appointed as auditor for the Company, an advisory vote approved the approach to executive compensation, and an amendment to the company's quorum requirements was approved.  Details of each of these resolutions are included in the Company's Management Proxy Circular.

Item

Votes For

% For

Votes
Against

% Against

Withheld/
Abstain

% Withheld/
Abstain

Appointment of Auditors

116,806,010

90.91

-

-

11,685,033

9.09%

Executive Compensation

100,340,032

88.04

13,629,358

11.96

-

-

Quorum Amendment

113,007,934

99.16

961,455

0.84

-

-

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, and stationary power. To learn more about Ballard, please visit www.ballard.com.

This release contains forward-looking statements concerning anticipated product performance and other characteristics, product deliveries and deployments. 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.

Further Information

Ballard Power Systems:
Kate Charlton – VP Corporate Finance & Investor Relations +1.604.453.3939 or investors@ballard.com

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SOURCE Ballard Power Systems Inc.

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