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Proceeds from the sale were approximately US$4.0 million. As a result of the transaction, Ballard will record a net loss (primarily a non-cash write-down of goodwill) of approximately US$108 million net. In addition, the transaction will reduce Ballard's ongoing operating cash consumption by approximately US$10 million annually.
About Ballard Power Systems
Ballard Power Systems (Toronto:BLD.TO - News)(NasdaqGM:BLDP - News) is recognizzed as a world leader in the design, development, manufacture and sale of zero-emission proton exchange membrane fuel cells. Ballard's mission is to make fuel cells a commercial reality. To learn more about what Ballard is doing with Power to Change the World®, visit http://www.ballard.com.
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