Ballard Receives $2.1 Million in Orders from Automotive Customers
1 August 2000
Ballard Receives $2.1 Million in Orders from Automotive Customers
VANCOUVER, B.C. - Ballard Power Systems announced today that it has received orders for a total of $2.1 million (US$1.5 million) from two automotive companies, including Honda Motor Co., Ltd. for Ballard Mark 900 Series Fuel Cell Power Modules and support services. The Ballard(R) Mark 900 Series Fuel Cell Power Module incorporates Ballard's next generation fuel cell stack, which utilizes low-cost materials and is designed for manufacturing in automotive volumes."Our customers recognize that the advanced design and performance of Ballard's latest fuel cell will enhance their commercialization plans for fuel cell vehicles," said Ballard Chairman and Chief Executive Officer Firoz Rasul. "These orders for the Mark 900 fuel cell follow those from our vehicular alliance partners DaimlerChrysler and Ford."
Ballard Power Systems is recognized 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 fuel cell that combines hydrogen (which can be obtained from methanol, natural gas or petroleum) and oxygen 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 Honda, Nissan, Volkswagen, Yamaha, Cinergy, Coleman Powermate and Matsushita Electric Works, among others.