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 network.
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™ 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.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
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.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
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.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV