Ballard Power Systems Announces Third Quarter 2001 Conference Call

    VANCOUVER, B.C.--Oct. 24, 2001--Ballard Power Systems announced that it will hold a conference call to discuss its third quarter results on Wednesday, October 31, 2001 at 5:00 p.m. EST (2:00 p.m. PST).
    Access to the call may be obtained by calling the operator at (416) 640-1907 prior to the scheduled start time. A playback version of the conference call will be available for 24 hours after the call at (416) 640-1917. The confirmation number to access the playback version is 149092#. A live webcast can be accessed from Ballard's web site at www.ballard.com. A playback of the call will also be available on Ballard's web site for two weeks.

    Ballard Power Systems is recognised as the world leader in developing, manufacturing and marketing zero-emission proton exchange membrane ("PEM") fuel cells for use in transportation, electricity generation and portable power products. Ballard Power Systems' proprietary fuel cell technology is enabling automobile, electrical equipment and portable power product manufacturers to develop environmentally clean products for sale. The fundamental component of these end-user products is the BALLARD(R) fuel cell that combines hydrogen (which can be obtained from methanol, natural gas, petroleum or renewable sources) and oxygen (from air) without combustion to generate electricity. Ballard is partnering with strong, world-leading companies, including DaimlerChrysler, Ford, ALSTOM and EBARA, to commercialise BALLARD(R) fuel cells. Ballard has also supplied fuel cells to Honda, Nissan, Volkswagen, Yamaha, Cinergy, Coleman Powermate and Matsushita Electric Works, among others. Ballard Material Products, a subsidiary of Ballard Power Systems, is a Tier 1 automotive supplier of friction materials for power train components to General Motors and Borg Warner, as well as a supplier of gas diffusion layer materials for the fuel cell industry.

    Ballard's Common shares are listed on The Toronto Stock Exchange under the trading symbol "BLD" and on the Nasdaq National Market System under the symbol "BLDP." Ballard, the Ballard logo and Power to Change the World are registered trademarks of Ballard Power Systems Inc.