This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Ballard And IdaTech Extend Fuel Cell Stack Supply Agreement For Backup Power Thru 2013

VANCOUVER, April 3, 2012 /PRNewswire/ - Ballard Power Systems (TSX: BLD) (NASDAQ: BLDP) today announced a one-year extension of its Equipment Supply Agreement with IdaTech ( www.idatech.com), through 2013. IdaTech is a system integrator focused on extended run backup power solutions for the telecommunications industry.

Ballard will support IdaTech's projected need for 2,500 fuel cell stacks through the end of 2013 with FCgen ®-1020ACS fuel cell stacks, each having a power level of up to 3-kilowatts. Ballard fuel cell stacks are integrated by IdaTech into its line of ElectraGen TM ME systems, which operate using reformed methanol fuel, and its ElectraGen TM H2-I systems, which operate using direct hydrogen fuel.

IdaTech's systems are installed as an alternative to traditional power generators - such as lead-acid batteries and diesel generators - at telecom network sites, including wireless network base stations. In the event of a grid power failure, the reliability and rapid start-up of fuel cell-powered ElectraGen TM systems ensures seamless, uninterrupted service to telecom end-customers.

Larry Stapleton, Ballard's Vice President of Sales said, "This agreement is a positive reflection of demand for fuel cell backup power solutions. And, the deal helps build our competitive position in comparison to lead acid batteries and diesel gensets. We look forward to the ongoing success of our relationship with IdaTech in growing the adoption of our products for use in backup power applications."

More than 350 IdaTech ElectraGen TM systems, using Ballard fuel cell stacks, have been sold to leading telecom network and service providers in Asia, Africa, North America and Central America.

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 contain proprietary esencia™ technology, ensuring incomparable performance, durability and versatility. To learn more about Ballard, please visit www.ballard.com.

This release contains forward-looking statements, included projected product cost savings, product volume forecasts and market demand for our products.  These forward-looking statements 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. Any such forward-looking statements are based on Ballard's assumptions relating to its financial forecasts and expectations regarding its product development efforts, manufacturing capacity, and market demand.

Stock quotes in this article: BLD, BLDP 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs