VANCOUVER, Nov. 13, 2012 /PRNewswire/ - Ballard Power
Systems (NASDAQ: BLDP) (TSX: BLD) today announced it is a 2012
recipient of the Deloitte Technology Green™ 15 Award, designed to
showcase Canadian companies that are creating economically viable
intellectual property in the field of green technology.
"The Deloitte Technology Green 15™ Award winners deliver
innovative solutions that promote an efficient use of the earth's
resources," said Richard Lee,
National Leader, Technology, Media & Telecommunications
Industry Group, Deloitte. "Ballard Power Systems is an outstanding
example of a company that is creating technology solutions that
reduce environmental impacts while improving operational
performance and productivity."
Ballard's clean energy fuel cell products enable optimized power
systems for a range of stationary and motive applications -
including communications backup power, material handling,
distributed generation and bus applications.
"To displace incumbent technologies, new clean energy product
solutions must deliver against both the economic and environmental
bottom line," said John Sheridan,
President and CEO of Ballard Power Systems. "Now, within our
commercial stage market segments of communications backup power and
material handling, end-users are experiencing a compelling return
on investment."
Fuel cells are an electricity generation device that converts
hydrogen - the world's most abundant element - into electricity,
through a chemical reaction. Fuel cells are clean, quiet,
efficient, and scalable, thereby permitting versatile energy
production across a range of power needs. More than 150 megawatts
of Ballard's fuel cell products have been deployed commercially
across the globe in Europe,
Asia, Africa, North
America and Central
America.
About the Deloitte Technology Green 15™ - The Technology
Green 15™ recognizes Canada's
leading GreenTech companies. GreenTech, the industry term for
"green technologies", is taking on greater importance in the world
in general, and the world of business in particular. It includes
any technology that promotes a more efficient use and re-use of the
earth's resources in industrial production and consumption.
GreenTech products and services are designed to reduce or eliminate
environmental impacts and improve operational performance,
productivity, or efficiency while reducing costs, inputs, energy
consumption, waste, or pollution. Although many companies within
GreenTech industry sectors are very different, they share a common
trait: all use new, innovative technology to create products and
services that compete with existing products and services on price
and performance while reducing impact on the environment.
About the Deloitte Technology Fast 50™ - The Deloitte
Technology Fast 50™ program is Canada's pre-eminent technology awards
program. Celebrating business growth, innovation and
entrepreneurship, the program features four distinct categories
including the Technology Fast 50™ Ranking, Companies-to-Watch
Awards (early-stage Canadian tech companies in business less than
five years, with the potential to be a future Deloitte Technology
Fast 50™ candidate,) Leadership Awards (companies that demonstrate
technological leadership in four industry subcategories:
hardware/semiconductor, software, telecommunications and emerging
technologies) and the Deloitte Technology Green 15™ Awards
(Canada's leading GreenTech
companies that promote a more efficient use and re-use of the
earth's resources in industrial production and consumption.)
Program sponsors include Deloitte, Gowlings, Wellington Financial,
TMX Group, HUB International HKMB, National Angel Capital
Organization, CVCA, MaRS and IGLOO Software. For further
information, visit www.fast50.ca.
About Ballard Power Systems
Ballard Power Systems (TSX: BLD) (NASDAQ: BLDP) provides clean
energy fuel cell products enabling optimized power systems for a
range of applications. Products deliver incomparable performance,
durability and versatility. To learn more about Ballard, please
visit www.ballard.com.
This release contains forward-looking statements, related to the
environmental impact, operational performance and value proposition
of our products to our customers, which are provided to enable
external stakeholders to understand Ballard's expectations as at
the date of this release and may not be appropriate for other
purposes. These forward-looking statements are based on the
beliefs and assumptions of Ballard's management and 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. Such assumptions
relate to Ballard's financial forecasts and expectations regarding
its product development efforts, manufacturing capacity, and market
demand, and include matters such as generating new sales,
producing, delivering and selling the expected number of units, and
controlling its costs.
These statements involve risks and uncertainties that may cause
Ballard's actual results to be materially different, including,
without limitation, the condition of the global economy, the rate
of mass adoption of its products, product development delays,
changing environmental regulations, its ability to attract and
retain business partners and customers, its access to funding,
increased competition, its ability to protect its intellectual
property, changes in its customers' requirements, foreign exchange
impacts on its net monetary assets and its ability to provide the
capital required for product development, operations and marketing.
For a detailed discussion of these risk factors 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.
Guy McAree,
+1.604.412.7919, media@ballard.com
or investors@ballard.com
SOURCE Ballard Power Systems Inc.