VANCOUVER, CANADA and BERLIN, GERMANY – Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) today announced that the Company has been awarded a special “GreenTech 2017” prize for powering Europe’s largest fuel cell bus fleet in Aberdeen, Scotland. The award was presented at a gala event held in Berlin, Germany earlier this month.
The GreenTech Awards were initiated in 2008 to recognize and gain public attention for projects committed to the protection of resources and the environment, and have developed into one of the most important environmental awards worldwide. Awards are presented in a number of categories, including: building & living; energy; communication; lifestyle; mobility; recycling & resources; travel; sport; and special prizes.
As noted on the GreenTech 2017 Awards website (http://www.greentec-awards.com/en), the city of Aberdeen Scotland has deployed Europe’s largest fleet of hydrogen fuel cell buses. Since 2014 ten (10) fuel cell buses provide zero-emission transportation throughout the city.
Ballard’s 150 kilowatt FCveloCity® fuel cell engines provide primary power for the buses operating in Aberdeen. These buses emit only water vapour, are quieter and run more smoothly than diesel buses. The Aberdeen fuel cell buses are part of a sustainable mass transit solution, which includes the use of wind energy to supply power for hydrogen generation through electrolysis. The fleet travels up to 400 kilometers (250 miles) per day in revenue service, transporting passengers to various destinations throughout the city of Aberdeen.
Oben Uluc, Ballard EMEA (Europe, Middle East & Africa) Sales Director said, “The excellent performance of our fuel cell engines in the Aberdeen buses has enabled that fleet to travel more than 1 million kilometers in cumulative revenue service to date. This positive experience, together with the successful operation of our fuel cell engines in a growing number of vehicles in Europe, China and North America is contributing to a significant ramp-up in fuel cell bus and commercial vehicle demand and sales momentum across all these geographies.”
The Aberdeen fuel cell bus fleet was funded by Europe’s Fuel Cells and Hydrogen Joint Undertaking (FCH:JU) under the HighVLOCity and HyTransit programs.
About Ballard Power Systems
Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) provides clean energy fuel cell products enabling optimized power systems for a range of applications. Products deliver incomparable performance, durability and versatility. To learn more about Ballard, please visit www.ballard.com.
This market update contains forward-looking statements concerning planned product deployments, provision of services, market adoption and demand for our products and available subsidies. 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.
These statements involve risks and uncertainties that may cause Ballard’s actual results to be materially different, including general economic and regulatory changes, detrimental reliance on third parties, successfully achieving our business plans and achieving and sustaining profitability. For a detailed discussion of these and other risk factors that could affect Ballard’s future performance, please refer to Ballard’s most recent Annual Information Form. Readers should not place undue reliance on Ballard’s forward-looking statements and Ballard assumes no obligation to update or release any revisions to these forward looking statements, other than as required under applicable legislation.
This market update does not constitute an offer to sell or the solicitation of an offer to buy securities. The Ballard Common Shares have not been registered under the United States Securities Act of 1933, as amended, or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
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