VANCOUVER, Sept. 18, 2017 /PRNewswire/ - Ballard Power
Systems (NASDAQ: BLDP; TSX: BLDP) today announced that it has
received a purchase order from Nisshinbo Holdings ("Nisshinbo";
www.nisshinbo.co.jp/english/), an Environmental and Energy company,
to engage a Technology Solutions program that will assess the
potential development of fuel cell stacks using a Non Precious
Metal Catalyst (NPMC) for use in commercial material handling
applications.
On September 12, 2017 the
Companies announced that they had successfully collaborated on
development of the world's first NPMC-based proton exchange
membrane (PEM) fuel cell product – the FCgen®-1040 –
which is a new 30-watt air-cooled fuel cell stack with possible
uses in ultralight-weight applications such as laptop and cell
phone chargers, and military soldier power devices. The NPMC is an
innovative technology enabling a reduction in product cost through
the use of significantly lower amounts of platinum.
"As announced last week, we are interested in exploring uses for
the NPMC-based product for various commercial applications," said
Dr. Kevin Colbow, Ballard's Vice
President – Technology and Product Development. "Building on the
new FCgen®-1040 stack, which we plan to launch in
late-2017, we are starting a program to assess the potential
incorporation of Non Precious Metal Catalyst technology into our
existing FCgen®-1020 air-cooled stack as well as our
next-generation liquid-cooled stack. With this purchase order from
Nisshinbo, a new multi-year Technology Solutions program will be
initiated to work on this challenging next-step."
Dr. Colbow continued, "Both air-cooled and liquid-cooled fuel
cell stacks are used to power fork lift equipment in the field. Our
goal is to ultimately implement lower-cost NPMC-based air-cooled
and liquid-cooled stacks into certain mobility applications, with
an initial focus on the material handling space, where blue-chip
brands such as Walmart and Amazon have demonstrated the strong
value proposition offered by current fuel cell-powered forklift
trucks operating in high throughput distribution center
environments."
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 development results and impacts on 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.