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Last updated on April 23, 2014 at 10:32 EDT

Ballard Gains Additional Fuel Cell System Traction With Supply Agreement In Africa

September 10, 2012
        --  Agreement with Inala Technologies for power generation systems
        --  Initial 32 systems to be deployed with mobile telecom operator

VANCOUVER, Sept. 10, 2012 /PRNewswire/ – Ballard Power Systems (NASDAQ: BLDP) (TSX: BLD) today announced signing of an equipment
supply agreement (ESA), effective through October 2013, with its new
African distributor, Inala Technologies (www.inala.co.za). The ESA provides for up to 192 ElectraGen(TM)-ME methanol fuelled power generation systems over its term. A purchase
order for the first 32 systems has also been received, with plans for
deployment of these systems in the network of a major African mobile
telecom operator.

John Sheridan, Ballard’s President and CEO said, “This agreement with
Inala is another important step forward in capitalizing on our recent
transaction, under which we acquired select assets from IdaTech. We are
confident in a significant growth market for backup power solutions and
our comprehensive product portfolio, now consisting of both hydrogen
and methanol fuelled systems, allows us to maximize the opportunity.”

The 32 unit purchase order received under the new ESA is for ElectraGen(TM)-ME methanol fuelled power generation systems that will be deployed in a
mobile telecom operator network to provide backup power for extended
periods in the event of grid failures. The operator has previously
installed a number of these same systems to provide reliable and
cost-effective backup power capability.

Laurentius Human, CEO of Inala Technologies said, “We are very pleased
that fuel cell-powered products are enabling telecom service providers
to expand their networks and effectively support high quality
communication services for their subscribers. This will ultimately help
improve the standard of living for Africans.”

Further information regarding Ballard’s fuel cell power generator
portfolio is available on the Company’s website at www.ballard.com/powergenerators.

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 deliver incomparable performance, durability and
versatility. To learn more about Ballard, please visit www.ballard.com.

This release contains forward-looking statements, related to forecasted
revenue, EBITDA and cash flow, 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.


Source: PR Newswire