VANCOUVER, British Columbia -- Ballard Power
Systems (BLDP) (CA:BLD) will provide its Xcellsis(TM) HY-80 light-duty
fuel cell engine and related technology to the Japan Automobile Research
Institute ("JARI") for testing and evaluation purposes. This order follows
upon the delivery of a Ballard(R) fuel cell module for similar objectives
last year. The information collected will assist JARI in benchmarking fuel
cell engine performance and in advancing standardization activities in
Japan.
"We are proud that JARI has selected a complete Ballard(R) fuel cell
engine to further support its important contributions towards the establishment
of codes and standards for fuel cell vehicles as part of the Millennium
Project, sponsored by the Ministry of Economy, Trade and Industry and New
Energy and Industrial Technology Development Organization, in Japan," said
John Harris, Ballard's Managing Director, Asia Pacific. "The testing activities
conducted by JARI strongly support Japan's commitment to fuel cell vehicles
and the benefits they offer for the environment and for the development
of alternative energy solutions. Our support for JARI, combined with the
experience we are gaining from commercial fleet demonstration vehicles
powered by Ballard(R) fuel cells in Japan, are providing critical data
and user feedback that allow us to advance our fuel cell technology even
further."
"We understand the importance of fuel cells for the future of automotive
transportation," said Shogo Watanabe, JARI's Deputy Director, FC-EV Center.
"Our testing and evaluation activities around the Ballard(R) fuel cell
will help to confirm industry performance benchmarks and to further the
development of important codes and standards for fuel cell vehicles."
JARI was established in 1969 as a non-profit organization for promoting
an appropriate progress of motorization. Today, as the use of automobiles
expands throughout the world, greater emphasis is on the safety, environmental
protection, energy conservation and recycling capabilities of automobiles.
In addition, JARI's research activities have broadened into setting standards
of FCV, ITS and other new automobile technologies. The research activities
consequently are not only confined in its laboratories, but also are closely
linked with the activities of government and agencies, the automobile industries
and academic institutions both in Japan and abroad.
This release contains forward-looking statements that are based on the
beliefs 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 and Exchange Act of 1934, as amended.
When used in this release, the words "estimate", "project", "believe",
"anticipate", "intend", "expect", "plan", "predict", "may", "should", "will",
the negative of these words or such other variations thereon or comparable
terminology are intended to identify forward-looking statements. Such statements
reflect the current views of Ballard with respect to future events based
on currently available information and are subject to risks and uncertainties
that could cause actual results to differ materially from those contemplated
in those forward-looking statements.
Ballard Power Systems is recognized as the world leader in developing,
manufacturing and marketing zero-emission proton exchange membrane fuel
cells. Ballard is commercializing fuel cell engines for transportation
applications and fuel cell systems for portable and stationary products.
Ballard is also commercializing electric drives for fuel cell and other
electric vehicles and power conversion products, and is a Tier 1 automotive
supplier of friction materials for power train components. Ballard's proprietary
technology is enabling automobile, bus, electrical equipment, portable
power and stationary product manufacturers to develop environmentally clean
products for sale. Ballard is partnering with strong, world-leading companies,
including DaimlerChrysler, Ford, EBARA, ALSTOM and FirstEnergy, to commercialize
Ballard(R) fuel cells. Ballard has supplied fuel cells to Honda, MGE UPS
SYSTEMS, Mitsubishi and Nissan, among others.
Ballard, the Ballard logo, Nexa and Power to Change the World are registered
trademarks of Ballard Power Systems Inc. Xcellsis is a trademark of Ballard
Power Systems AG.
SOURCE: Ballard Power Systems Inc.
Ballard Power Systems Inc.
Michael Rosenberg
Investor Information
(604) 412-3195
Fax: (604) 412-3100
Email: investors@ballard.com
OR
Ballard Power Systems Inc.
Media Information
(604) 412-4740
Fax: (604) 412-3100
Email: media@ballard.com
OR
Ballard Power Systems Inc.
Marketing Department
(604) 453-3520
Fax: (604) 412-3100
Email: marketing@ballard.com
Website: www.ballard.com
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