Ballard Receives $1.3 Million Order for Automotive Fuel Cells

22 November 1999

Ballard Receives $1.3 Million Order for Automotive Fuel Cells

    VANCOUVER, British Columbia--Nov. 22, 1999--Ballard Power Systems announced today that it has received a $1.3-million (US$864,000) order from its affiliate dbb fuel cell engines inc. (dbb) for Ballard(R) fuel cell stacks.
    The stacks will be integrated into fuel cell engines to be supplied by dbb for delivery to an automotive company. dbb is an alliance company, owned by DaimlerChrysler, Ford and Ballard, and is responsible for developing and manufacturing fuel cell systems incorporating the Ballard fuel cell stacks.
    "Over the past 12 months we have seen increasing activity by automotive companies in developing fuel cell prototype vehicles and in laying the groundwork for their commercialization," said Ballard Chairman and Chief Executive Officer Firoz Rasul. "Ballard has, and will continue to, supply fuel cells to move these fuel cell vehicle plans forward."
    Ballard Power Systems is 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 fuel cell that combines hydrogen (which can be obtained from methanol, natural gas or petroleum) and oxygen (from air) without combustion to generate electricity. Ballard is partnering with strong, world-leading companies, including DaimlerChrysler, Ford, GPU International, ALSTOM and EBARA, to commercialize Ballard fuel cells. Ballard has also supplied fuel cells to General Motors, Honda, Nissan, Volkswagen, Yamaha, Cinergy and Matsushita Electric Works, among others. 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".

    Note to Editors: Ballard and the Ballard logo are registered trademarks of Ballard Power Systems Inc.