UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT
OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
August 31, 2016
Commission File Number: 000-25270
Ballard
Power Systems Inc. ——————————————————————————————————— |
(Translation of registrant’s name into English) |
Canada ——————————————————————————————————— |
(Jurisdiction of incorporation or organization) |
9000
Glenlyon Parkway Burnaby, BC V5J 5J8 Canada |
——————————————————————————————————— (Address of principal executive office) |
Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: ☐ Form 20-F ☒ Form 40-F |
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐ |
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐ |
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934: ☐ Yes ☒ No |
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): n/a |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. |
Ballard Power Systems Inc. | ||
Date: August 31, 2016 | By: | /s/
Tony Guglielmin |
Name: | Tony Guglielmin | |
Title: | Chief Financial Officer | |
EXHIBIT INDEX
Exhibit No. |
Description | |
99.1 | News Release Dated August 31, 2016 - China's Guangdong Province Party Secretary Hu Visits Site of Ballard's Future Joint Venture in Yunfu |
Exhibit 99.1
China's Guangdong Province Party Secretary Hu Visits Site of Ballard's Future Joint Venture in Yunfu
VANCOUVER and YUNFU, China, Aug. 31, 2016 /CNW/ - Ballard Power Systems (NASDAQ: BLDP; TSX: BLD) today joined the Party Secretary of China's Guangdong Province, Mr. Hu Chunhua, and his delegation for a tour of the future site of Ballard's planned joint venture with Guangdong Nation Synergy Hydrogen Power Technology Co. Ltd. ("Synergy") in the Foshan (Yunfu) Industrial Transfer Park in Yunfu, Guangdong Province ("Yunfu Fuel Cell Park").
On July 18, Ballard announced the signing of definitive agreements with Synergy for the establishment of an FCvelocity®-9SSL fuel cell stack production operation and joint venture in the City of Yunfu, in Guangdong Province. The fuel cell stacks will be packaged into locally-assembled fuel cell engines and integrated into zero-emission buses and commercial vehicles in China. Subject to closing, the transaction has a contemplated minimum value to Ballard of $168 million over 5-years. The transaction is scheduled to close in 2016, subject to customary closing conditions including required regulatory approvals.
Secretary Hu's delegation also toured Synergy's fuel cell module assembly facility and the Foshan Feichi fuel cell bus assembly operation, both in the Yunfu Fuel Cell Park. Synergy also demonstrated 12 different fuel cell vehicles, including ten 11-meter Feichi buses with Ballard's FCveloCity®-HD 85-kilowatt (kW) fuel cell engine, one 6.9-meter Feichi bus with Ballard's FCveloCity®-MD 30kW fuel cell engine, and one 7-tonne Dongfeng Special Vehicle commercial truck with an integrated 30kW fuel cell engine. The 11-meter Feichi fuel cell bus design recently achieved a major technical and commercial milestone – national government certification as a permitted fuel cell bus in China.
"Ballard and our Foshan-Yunfu partners have made significant progress since Secretary Hu's visit to Ballard in Vancouver in May," said Randy MacEwen, Ballard's President and CEO. "The Yunfu plan for locally assembled fuel cell stacks, fuel cell modules and fuel cell buses is now in focus."
Mr. Frank Ma, Chairman of Guangdong Nation Synergy Hydrogen Power Technology Co. Ltd. said, "Ballard is the preeminent fuel cell brand for buses and commercial vehicles in China. Together we are positioning fuel cells as a compelling solution for clean energy buses and commercial vehicles in China's high-population cities where air quality is a top priority. By localizing stack and module production, we will drive costs down to enable sustainable market demand for fuel cell buses and commercial vehicles based on economics, zero emissions and passenger experience."
Guangdong Province, the most populace province in China with more than 100 million people, includes the cities of Guangzhou and Shenzhen and accounts for more than 25% of China's foreign trade. Guangdong Province is investing in clean energy mass transit solutions to help address the environmental objectives of China's 13th 5-Year Plan, including improved air quality.
About Ballard Power Systems
Ballard Power Systems (NASDAQ: BLDP; TSX: BLD) provides clean energy products that reduce customer costs and risks, and helps customers solve difficult technical and business challenges in their fuel cell programs. To learn more about Ballard, please visit www.ballard.com.
This release contains forward-looking statements concerning planned product deployments 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.
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 press release 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.
SOURCE Ballard Power Systems Inc.
Image with caption: "Foshan Feichi fuel cell bus assembly operation (CNW Group/Ballard Power Systems Inc.)". Image available at: http://photos.newswire.ca/images/download/20160831_C8063_PHOTO_EN_763058.jpg
Image with caption: "Guangdong Province Party Secretary Mr. Hu Chunhua (center of photo) and Ballard CEO Randy MacEwen, together with delegation members and executives (CNW Group/Ballard Power Systems Inc.)". Image available at: http://photos.newswire.ca/images/download/20160831_C8063_PHOTO_EN_763060.jpg
%CIK: 0001453015
For further information: Guy McAree +1.604.412.7919, media@ballard.com or investors@ballard.com
CO: Ballard Power Systems Inc.
CNW 08:30e 31-AUG-16
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