VANCOUVER, March 20, 2013 /CNW/ - Ballard Power Systems (NASDAQ:
BLDP)(TSX: BLD) today announced that it has received written
notification from the NASDAQ Market LLC ("NASDAQ") indicating that the
Company has regained compliance with the minimum bid price requirement
of $1.00 per share for continued listing on the NASDAQ Global Select
Market set forth in NASDAQ Listing Rule 5450(a)(1), as its common
shares achieved a closing bid price of $1.00 or more for 10 consecutive
business days.
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.
Important Cautions Regarding Forward-Looking Statements
This release contains forward-looking statements concerning Ballard's
continuing compliance with the minimum bid price rule. 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 statements are based on Ballard's assumptions
relating to its financial forecasts and expectations regarding its
product development efforts, manufacturing capacity, and market demand.
For a detailed discussion of the factors and assumptions that these
statements are based upon, and factors that could cause our actual
results or outcomes to differ materially, please refer to Ballard's
most recent management discussion & analysis. Other risks and
uncertainties that may cause Ballard's actual results to be materially
different include 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. These forward-looking statements 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. Readers
should not place undue reliance on these statements and Ballard assumes
no obligation to update or release any revisions to them, other than as
required under applicable legislation.
SOURCE: Ballard Power Systems Inc.
Guy McAree, +1.604.412.7919, media@ballard.com or investors@ballard.com