Market Updates - 2017

March 30, 2017 Ballard’s Subsidiary Protonex Launches Updated EOD Universal Power Kit
Protonex Technology Corporation, a wholly owned subsidiary of Ballard Power Systems today announced general availability of its new and enhanced Explosive Ordnance Disposal Universal Power Kit.

March 17, 2017 CSR Sifang to Deploy 8 Fuel Cell Trams in Foshan, China Powered by Ballard
Ballard Power Systems today reported that CRRC Qingdao Sifang Company recently announced the final contract with its customer for the planned deployment of eight (8) hydrogen fuel cell trams for a route being developed in the City of Foshan, China.

February 21, 2017 Ballard’s Subsidiary Protonex Showcases Power Management Solutions at IDEX 2017
Protonex Technology Corporation (“Protonex”), a wholly owned subsidiary of Ballard Power Systems today announced that it has launched its industry leading intelligent Power Manager and battery charger products in the Middle East.

February 2, 2017 JIVE Project Launched in Europe for Deployment of 144 Fuel Cell Buses
Ballard Power Systems today noted that the JIVE project (Joint Initiative for hydrogen Vehicles across Europe) has been formally launched at a ceremony in Köln, Germany, with the support of a €32 million grant from the Fuel Cells and Hydrogen Joint Undertaking (FCH JU).

January 10, 2017 Ballard Acquires 100% Ownership of the Company’s European Subsidiary
Ballard Power Systems announced today that it has purchased all shares in the Company’s European subsidiary held by Dansk Industri Invest A/S (previously Dantherm Air Handling A/S) for a nominal value.

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