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: March 25, 2013 | By: |
Tony Guglielmin |
Name: | Tony Guglielmin | |
Title: | Chief Financial Officer | |
Exhibit No. | Description | |
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99.1 | China's Azure Invests $2M in Ballard Telecom Backup Power Subsidiary | |
Ballard Power Systems Inc.
News Release
Chinas Azure Invests $2M in Ballard Telecom Backup Power Subsidiary
For Immediate Release March 24, 2013
VANCOUVER, CANADA Ballard Power Systems (NASDAQ: BLDP)(TSX: BLD) has announced that Azure Hydrogen Energy Science and Technology Corporation (Azure), Ballards partner in China, has acquired a 10% ownership position in Dantherm Power, Ballards telecom backup power subsidiary, for $2 million. Mr. Grand Mao, Chairman of Azure, will become a member of the Dantherm Power Board of Directors and will support the business in achieving commercial success in China.
Following the transaction, Ballards ownership position in Dantherm Power is 52% and Dantherm A/S holds the remaining 38% ownership position. Dantherm Power is headquartered in Hobro, Denmark and acts as a development center for Ballard ElectraGenTM direct hydrogen systems used for backup power in the telecommunications sector.
Tony Guglielmin, Ballard CFO said, Ballard and Azure are working together on trials of our ElectraGenTM backup power systems with China Mobile, so we are pleased by this direct investment in our backup power subsidiary. This active participation of our China partner in Dantherm Power is expected to strengthen our positioning for the Chinese telecom backup power market opportunity.
Azure also recently placed an order with Ballard for a 175 kilowatt ClearGenTM distributed generation system that it plans to deploy in China.
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 deliver incomparable performance, durability and versatility. To learn more about Ballard, please visit www.ballard.com.
Important Cautions Regarding Forward-Looking Statements
This release contains forward-looking statements concerning product development activities and projected outcomes. 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: Guy McAree +1.604.412.7919, media@ballard.com or investors@ballard.com