Last updated on April 18, 2014 at 1:21 EDT

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2013-01-31 16:21:38

-- Sale of non-core asset for up to $12M fortifies balance sheet VANCOUVER, Jan. 31, 2013 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLD) has announced the closing of an agreement to sell the Company's Material Products division, located in Lowell, MA for up to $12 million. Of this amount, $10.5 million was paid to Ballard in cash on closing, with the remainder payable on the basis of 2013 financial results associated with the Material Products division....