0001279569-19-001017.txt : 20190502 0001279569-19-001017.hdr.sgml : 20190502 20190501180546 ACCESSION NUMBER: 0001279569-19-001017 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20190501 FILED AS OF DATE: 20190502 DATE AS OF CHANGE: 20190501 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Ballard Power Systems Inc. CENTRAL INDEX KEY: 0001453015 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRICAL INDUSTRIAL APPARATUS [3620] IRS NUMBER: 000000000 STATE OF INCORPORATION: Z4 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-53543 FILM NUMBER: 19789042 BUSINESS ADDRESS: STREET 1: 9000 GLENLYON PARKWAY CITY: BURNABY STATE: A1 ZIP: V5J 5J8 BUSINESS PHONE: 604-454-0900 MAIL ADDRESS: STREET 1: 9000 GLENLYON PARKWAY CITY: BURNABY STATE: A1 ZIP: V5J 5J8 FORMER COMPANY: FORMER CONFORMED NAME: 7076991 Canada Inc. DATE OF NAME CHANGE: 20090102 6-K 1 ballard6k.htm FORM 6-K

 

 

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

 

For the month of May 2019

Commission File Number: 000-53543

Ballard Power Systems Inc.
———————————————————————————————————
(Translation of registrant’s name into English)
 
 
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):  ☐
 
 

 

 

 

 

 
 

 

 

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: May 1, 2019 By:

/s/ Tony Guglielmin

  Name:  Tony Guglielmin
  Title: Chief Financial Officer
     

 
 

EXHIBIT INDEX


Exhibit No.		   Description
  
99.1   News Release Dated May 1, 2019 - Ballard Reaches Agreement for $44M Order With Weichai-Ballard JV to Support Initial Fuel Cell Vehicle Deployments in China

 EX-99.1 2 ex991.htm NEWS RELEASE DATED MAY 1, 2019

Exhibit 99.1

 

  

Ballard Reaches Agreement for $44M Order With Weichai-Ballard JV to Support Initial Fuel Cell Vehicle Deployments in China

VANCOUVER, May 1, 2019 /CNW/ - Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) today announced that it has reached agreement with Weichai Ballard Hy-Energy Technologies Co., Ltd. ("Weichai-Ballard JV") for the supply of a mix of certain fuel cell products and components that will be used in the assembly of modules to power zero-emission fuel cell electric vehicles (FCEVs) in China. The order will have a total value of approximately $44 million to Ballard.

Once assembled by the Weichai-Ballard JV, final modules will be sold to Weichai Power Co., Ltd. ("Weichai") to support initial deployments against Weichai's commitment to supply a minimum of 2,000 fuel cell modules for commercial FCEVs in China. All products and components to be supplied by Ballard, as well as related applications engineering support, are planned for delivery in 2019 and 2020, and will be based on Ballard's next-generation LCS stack technology.

Randy MacEwen, Ballard President and CEO said, "This is a very exciting next step for our Weichai-Ballard joint venture. Weichai's commitment to support the deployment of 2,000 FCEVs in China is the largest to date globally. It will enable further fuel cell cost reductions as we move toward commercial scaling. Weichai intends to be at the forefront of zero-emission FCEV deployments in China. Since the closing of our strategic collaboration, we have been moving very quickly together to prepare the Weichai-Ballard JV manufacturing facility for the assembly of Ballard fuel cell stacks and modules. We anticipate the Weichai-Ballard JV facility will be operational by the end of 2019, positioning us with a strong set-up in the China market for 2020."

Ballard closed a strategic collaboration transaction with Weichai in November 2018. The transaction includes: (i) an equity investment by Weichai in Ballard in the amount of approximately $163.6 million, representing a 19.9% interest in the company; (ii) establishment of a joint venture company in Shandong Province, in which Weichai owns 51% and Ballard owns 49%, to support China's FCEV market, along with $90 million in technology transfer payments from the Weichai-Ballard JV to Ballard; and (iii) Weichai's intent to support the deployment of at least 2,000 commercial FCEVs by 2021, using Ballard technology.

Established in 2002 and with listings on the Hong Kong and Shenzhen stock exchanges, Weichai Power Co., Ltd. is a leading automotive and equipment manufacturer specializing in the production of powertrains, automobiles, intelligent logistics, automotive parts and components. In 2017 Weichai manufactured more than 617,000 engines, 149,000 heavy duty trucks and 200,000 forklift trucks, and generated total revenue of 151.57 billion RMB (approximately $22.7 billion), with an employee base of 74,474 people.

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 challenges or address new business opportunities. To learn more about Ballard, please visit www.ballard.com.

This release contains forward-looking statements concerning anticipated development results and impacts on 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.

CisionView original content to download multimedia:http://www.prnewswire.com/news-releases/ballard-reaches-agreement-for-44m-order-with-weichai-ballard-jv-to-support-initial-fuel-cell-vehicle-deployments-in-china-300842266.html

SOURCE Ballard Power Systems Inc.

 

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2019/01/c7513.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 17:45e 01-MAY-19

 GRAPHIC 3 image_001.jpg GRAPHIC begin 644 image_001.jpg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image_002.jpg GRAPHIC begin 644 image_002.jpg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end