Ballard To Trial Clean Energy Fuel Cell Backup Power Systems In China Mobile Network
VANCOUVER, June 4, 2012 /PRNewswire/ – Ballard Power Systems (NASDAQ: BLDP) (TSX: BLD) has announced an operational trial plan for
its fuel cell backup power systems in the China Mobile
telecommunications network. Successful trial activity is expected to
lead to commercial deployments of Ballard systems in the China Mobile
China Mobile provides mobile voice and multimedia services through its
nationwide telecommunications network. The Company’s 670 million
subscribers represent the largest customer base of any mobile provider
and represent approximately 70% of the Mainland China market, the
largest mobile telecommunications market in the world.
A total of 50 DBX2000 backup power systems are being delivered by
Dantherm Power, Ballard’s backup power company, for deployment at 30
network sites for trials beginning in June and expected to run for
several months. Installation in various locations throughout China -
including Beijing, Shanghai, Shenzhen and Xinjiang – as well as custom
integration and local technical support will be provided by Azure
Hydrogen Energy Science and Technology Corporation (Azure), Ballard’s
partner in China.
Azure has received formal agreement for the trials, which will focus on
adaptability and durability of the fuel cell system as a widespread
replacement for existing lead acid batteries located at outdoor telecom
base station sites within the China Mobile network.
China Mobile put a formal corporate sustainability program in place a
number of years ago, began issuing Corporate Sustainability Reports in
2007 and is currently the only company from Mainland China represented
in the Dow Jones Sustainability Indexes. The Company is actively
developing and deploying environmentally friendly, low-carbon solutions
including this initiative involving fuel cell backup power products.
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 are based on proprietary esencia(TM) technology, ensuring incomparable performance, durability and
versatility. To learn more about Ballard, please visit www.ballard.com.
This release contains forward-looking statements concerning customer
commitments and planned product deployments, 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
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.
SOURCE Ballard Power Systems Inc.