Market Updates - 2017

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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