VANCOUVER and NEW YORK CITY, Sept.
13, 2017 /CNW/ - Ballard Power Systems (NASDAQ: BLDP; TSX:
BLDP) is announcing at its "Investor & Analyst Day" event in
New York City that the Company
achieved an Order Backlog of $263.5
million as of June
30th, 2017, representing the aggregate value of
orders for which customers have made contractual commitments. In
addition, Ballard is announcing that it achieved a 12-month Order
Book of $97.2 million as of
June 30th, 2017,
representing the aggregate value of that portion of the Order
Backlog the Company expects to deliver in the subsequent 12-month
period.
Tomorrow Ballard's Management Team is hosting an "Investor &
Analyst Day" event in New York
City, from 10:00 a.m. to 2:30 p.m.
Eastern Time. The event will also be webcast.
Mr. Randy MacEwen, Ballard President and CEO said, "We are very
pleased to report strong Order Backlog and 12-month Order Book
numbers, which underscore Ballard's positive and continuing growth
trajectory. Moving forward, we intend to provide updates to our
Order Backlog and rolling 12-month Order Book numbers on a
quarterly basis, consistent with our ongoing approach to providing
financial and operational transparency."
Mr. MacEwen continued, "At tomorrow's Investor and Analyst Day
our executive management team will be providing a comprehensive
discussion of our strategic activities and plans designed to ensure
ongoing improvement in the Company's market positioning, financial
results and positive return for Ballard shareholders. We look
forward to participation at tomorrow's event from interested
investors, financial analysts, the investment banking community and
other stakeholders."
Tomorrow's Investor & Analyst Day event will provide a
comprehensive review of the company's strategic plan – including
key market opportunities – as well as progress and outlook across a
number of important commercial, technology and operational fronts.
The event will also feature a presentation by Mr. Charles Lu, Founder and Chairman of Zhongshan
Broad-Ocean Motor Co., Ltd., a key Ballard strategic partner in
China and Ballard's largest
shareholder.
For a live link to the webcast, interested parties should
register at http://bit.ly/2g3iP7e prior to the scheduled start at
10:00 a.m. Eastern Time, September 14th. The live link will
provide access to both audio and presentation materials. The audio
and presentation materials will be posted after the event to the
Ballard corporate website at www.ballard.com/investors.
About Ballard Power Systems
Ballard Power Systems
(NASDAQ: BLDP; TSX: BLDP) provides clean energy products that
reduce customer costs and risks, and helps customers solve
difficult technical and business challenges in their fuel cell
programs. To learn more about Ballard, please visit
www.ballard.com.
This release contains forward-looking statements concerning
anticipated product performance, customer benefits and market
demand for our products. 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.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy securities. The Ballard
Common Shares have not been registered under the United States
Securities Act of 1933, as amended, or the securities laws of any
other jurisdiction and may not be offered or sold in the United States absent registration or an
applicable exemption from registration requirements.
SOURCE Ballard Power Systems Inc.