UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Ballard Power Systems Inc. |
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(Translation of registrants name into English) | ||||
Canada | ||||
(Jurisdiction of incorporation or organization) | ||||
9000 Glenlyon Parkway Burnaby, BC V5J 5J8 Canada |
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(Address of principal executive office) |
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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 [x] 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 [x] No | ||||
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): n/a |
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: December 27, 2011 | By: |
Tony Guglielmin |
Name: | Tony Guglielmin | |
Title: | Chief Financial Officer | |
Exhibit No. | Description | |
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99.1 | Ballard Signs LOI To Power 25 Clean Energy Hydrogen Fuel Cell Buses in Sao Paulo, Brazil | |
Ballard Power Systems Inc.
News Release
Ballard Signs LOI To Power 25 Clean Energy Hydrogen Fuel Cell Buses in Sao Paulo, Brazil
For Immediate Release December 27, 2011
VANCOUVER, CANADA Ballard Power Systems has signed a Letter of Intent (LOI) with The City of Sao Paulo, Brazil for 25 FCvelocityTM-HD6 fuel cell modules to power 25 buses in that city. Delivery of the modules is planned for 2012. A final agreement with The City of Sao Paulo is now in negotiation.
Silvano Pozzi, Ballards Director Brazil Market Development said, We are very pleased with The City of Sao Paulos intention to deploy an initial fleet of 25 clean energy buses.
John Sheridan, the Companys President and CEO added, In combination with our recently announced supply agreement for 21 modules to power buses in Europe, this points to significant progress toward commercialization of zero-emission fuel cell buses in 2012.
Brazils National Plan on Climate Change is a set of inter-ministerial programs designed to cut emissions in the transportation, forestry, industrial and energy sectors. Under the plan the Brazilian government has committed to significant use of zero-emission transit technology. Initiatives will be implemented during the lead-up to the 2014 World Cup and 2016 Summer Olympic Games being held in that country, and beyond.
Sao Paulo is Brazils largest city, generating significant emissions of particulate matter together with 3 million tons of greenhouse gases annually, 85% of which are created by vehicles. As a result, clean energy transportation is a high priority for the city, which has established a goal of reducing fossil fuel use within the bus fleet by at least 10% annually over the next several years.
Ballards sixth generation FCvelocityTM-HD6 fuel cell module features a control unit which interfaces with a system controller to make it a plug-and-play product for any fuel cell or hybrid fuel cell bus platform. The module also offers significant advances in durability, power density and fuel efficiency compared to earlier generation products.
About Ballard Power Systems
Ballard Power Systems (TSX: BLD) (NASDAQ: BLDP) provides clean energy fuel cell products enabling
optimized power systems for a range of applications. Products are based on proprietary esencia
technology, ensuring incomparable performance, durability and versatility. To learn more about
Ballard, please visit www.ballard.com.
This release contains forward-looking statements concerning anticipated government funding, customer commitments and product shipments. These forward-looking statements reflect Ballards 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 Ballards 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 Ballards 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 Ballards future performance, please refer to Ballards most recent Annual Information Form. Readers should not place undue reliance on Ballards 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.
Further Information
Public Relations: Guy McAree, +1.604.412.7919, media@ballard.com
Investor Relations: Lori Rozali, +1.604.412.3195, investors@ballard.com