VANCOUVER, BC, March 27,
2023 /PRNewswire/ - Ballard Power Systems
(NASDAQ: BLDP) (TSX: BLDP) today announced the Company's proton
exchange membrane (PEM) fuel cells have now powered Fuel Cell
Electric Vehicles – or FCEVs – in commercial Heavy and Medium-Duty
Motive vehicles for an industry-leading total of more than 150
million kilometers. This is roughly equivalent to circling the
Earth over 3,700 times. To reach this milestone, Ballard fuel cells
powered over 3,800 buses and trucks, providing zero-emission
mobility solutions in approximately 15 countries around the
world.
Mr. Randy MacEwen, President and
Chief Executive Officer said, "At Ballard, we are designing our PEM
fuel cell engines for heavy-duty mobility applications where zero
emissions, reliability, and durability are key differentiators for
end-user total cost of ownership. We continue to set the industry
benchmark for PEM fuel cell performance in our target markets. The
accumulated distance driven by FCEVs powered by our technology
underlines Ballard's customer focus and commitment to reliable
service and high uptime."
Mr. MacEwen continued, "We achieve this industry milestone at a
time when we are seeing growing customer interest in the adoption
of hydrogen fuel cells in our key mobility verticals of bus, truck,
rail, and marine, as well as off-highway and stationary power
applications. Our learnings from real-world experience will
continue to help us optimize our products from a total cost of
ownership perspective and deliver products to meet zero-emissions
targets without disrupting existing operating practices, including
range, payload, and refueling time."
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.
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SOURCE Ballard Power Systems Inc.