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
June 14, 2017
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: June 14, 2017 | By: | /s/
Tony Guglielmin |
Name: | Tony Guglielmin | |
Title: | Chief Financial Officer | |
EXHIBIT INDEX
Exhibit No. |
Description | |
99.1 | News Release Dated June 14, 2017 - Ballard's Protonex Subsidiary Receives First Order For Fuel Cell System To Power Commercial UAVs |
Exhibit 99.1
Ballard's Protonex Subsidiary Receives First Order For Fuel Cell System To Power Commercial UAVs
VANCOUVER, BC and SOUTHBOROUGH, MA, June 14, 2017 /CNW/ - Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) today announced that the company's subsidiary, Protonex, has received an initial order for its fuel cell propulsion system, together with design services, from FlyH2 Aerospace ("FlyH2"; www.flyh2.com), a South African-based developer of hydrogen fuel cell powered unmanned aerial vehicles (UAVs) for commercial applications. For competitive reasons, commercial details of this order are confidential.
FlyH2 plans to integrate the Protonex fuel cell system into all three of its aircraft currently in the development pipeline, beginning with the UA Plant prototype drone, followed by its UA Alpha flagship aircraft. UA Plant is expected to be a 30 kilogram (66 lb.) fuel cell-powered agricultural utility aircraft with 9-hour flight endurance.
UA Alpha will be a long-range, long-endurance survey and reconnaissance aircraft designed to carry advanced sensors. Specifications include a wingspan of 8.2 meters (27 feet), maximum cruising altitude of 4,250 meters (14,000 feet) and flight distance of more than 600 kilometers (370 miles). Onboard sensors will survey environmental variables used in the management of fires, pollution, erosion, alien vegetation and plant diseases. In a similar development, FlyH2's third drone, the UA Gecko, is being designed to monitor physical infrastructure, including roads, bridges, pipelines and powerlines.
Dr. Paul Osenar, President of Protonex said, "FlyH2 has tremendous expertise in the design and development of drone systems, and recognizes the benefits offered by fuel cell propulsion. When combined with improved reliability and other advantages over internal combustion systems, fuel cells are proving to be a high value fit for UAVs. These will be the first civilian drones that we have powered, in addition to our work on military UAVs with several global aerospace customers."
Mark van Wyk, Co-Founder of FlyH2 Aerospace added, "Protonex systems bring with them unique new capabilities for our aircraft, allowing us to quickly fulfill our vision of producing high quality, rugged and reliable long-endurance electric unmanned aircraft."
A fuel cell propulsion system allows for endurances comparable to an internal combustion engine, but with several added benefits. These include silent operation, increased reliability, lower vibration and less maintenance. The total cost of ownership is also expected to be lower and the aircraft will only require one fuel stop per day for all-day operations.
In agriculture, the use of unmanned aerial vehicles rather than conventional piloted aircraft, which sometimes operate as low as 150 feet above the ground, reduces the risk to pilots and also avoids noise abatement issues. In addition, the enhanced reliability of fuel cell engines further protects people and property on the ground.
To support integration of the Protonex fuel cell propulsion system into its UA Plant aircraft, FlyH2 has partnered with Epsilon Engineering ("Epsilon"; www.epsilon-eng.com), a South African engineering and manufacturing services provider. Project work is partially funded by the Government of South Africa as well as the South African agriculture industry.
About Protonex
Protonex Technology Corporation, a wholly owned subsidiary of Ballard Power Systems, is located in Southborough, Massachusetts
and is a leading designer and manufacturer of advanced power management products and portable fuel cell solutions for military
and commercial applications. To learn more about Protonex, please visit www.protonex.com.
About Ballard Power Systems
Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) provides clean energy products that reduce customer costs and risks, and helps
customers solve difficult technical and business challenges in power and energy. To learn more about Ballard, please visit www.ballard.com.
This release contains forward-looking statements concerning anticipated product performance, customer benefits 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 State s absent registration or an applicable exemption from registration requirements.
SOURCE Ballard Power Systems Inc.
View original content with multimedia: http://www.newswire.ca/en/releases/archive/June2017/14/c4542.html
%CIK: 0001453015
For further information: Guy McAree +1.604.412.7919, media@ballard.com or investors@ballard.com
CO: Ballard Power Systems Inc.
CNW 00:15e 14-JUN-17
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