VANCOUVER, Jan. 9, 2014 /CNW/ - Ballard Power Systems (NASDAQ: BLDP)(TSX: BLD) today announced the sale of approximately 400
kilowatts (kW) of the Company's FCgen™-1300 fuel cell stack product to
M-Field Energy Ltd. (www.m-field.com.tw), a Taiwan-based leader in the development of stationary fuel cell
power systems.
M-Field plans to integrate the Ballard fuel cell stacks into multiple
100kW fuel cell systems designed to provide base load power as part of
a complete hybrid renewable energy solution, in combination with wind
turbines or photovoltaic power. These will be deployed throughout Asia
in regions where there is demand for zero emission energy sources as a
way of reducing greenhouse gas emissions.
Bin Hsu, M-Field CEO said, "Highly reliable fuel cell systems are the
ideal way to overcome the issue of intermittent power availability
often experienced with other renewable energy sources. Hydrogen and
fuel cell technology will play an important role in the widespread
adoption of alternative power generation."
Surplus solar or wind energy will be stored in the form of hydrogen,
which will subsequently produce power when needed, by means of the fuel
cell system. Proton exchange membrane fuel cell systems, such as
Ballard's FCgen™-1300, are capable of load following and rapid startup
at a low lifecycle cost.
Larry Stapleton, Ballard Vice President of Sales said, "This sales
agreement is a positive reflection of the growing demand for clean fuel
cell power solutions in Asia. We are pleased to extend our
long-standing relationship with M-Field as it pursues larger-scale fuel
cell opportunities in the region."
Ballard has supplied fuel cell stacks to M-Field over the past ten
years, primarily for lower power backup power systems. Ballard's
FCgen™-1300 fuel cell stack is a low-cost, liquid-cooled proton
exchange membrane product specifically designed for stationary
applications.
About Ballard Power Systems
Ballard Power Systems (NASDAQ: BLDP)(TSX: BLD) 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 regarding anticipated
business opportunities, product attributes, anticipated customer
benefits and market drivers for our products 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.
