| CIBC initiates
coverage on Ballard Power Systems (Nasdaq: BLDP) with a Sector Underperformer
rating, saying they don't expect Ballard to be profitable until 2010.
Ballard Power Systems is recognized
as a world leader in the development, manufacture and sale of zero-emission
proton exchange membrane fuel cells. Ballard's mission is to make fuel
cells a commercial reality.

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