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 | Ballard Congratulates SDTC On ‘Budget 2013’ Funding Commitment | |
Ballard Power Systems, Inc.
News Release
Ballard Congratulates SDTC On Budget 2013 Funding Commitment
For Immediate Release March 25, 2013
VANCOUVER, CANADA Ballard Power Systems (NASDAQ: BLDP)(TSX: BLD) congratulates Sustainable Development Technology Canada (SDTC) on the commitment received in the recently released Budget 2013 of $325 million over eight years for investment in Canadian cleantech companies.
John Sheridan, President and CEO of Ballard said, The Government of Canada, through SDTC, is doing important work to support development and commercialization of Canadas cleantech sector, including a number of projects that have involved Ballard. The projects with Ballard have contributed to an enhanced competitive position for our state-of-the-art clean energy fuel cell solutions in such international markets such as Indonesia, China, Europe, South Africa and the United States.
To date, through its SD Tech FundTM SDTC has allocated $592 million to 245 clean technology projects, leveraged by $1.5 billion primarily from industry. SDTC has a total portfolio value of over $2 billion. These investments have been bolstered by an additional $2.3 billion from the private sector in follow-on financing into SDTCs more mature companies, leading to a 15 times leveraging of the Governments investment.
Ballard is currently supported by SDTC on two projects designed to improve durability and further reduce lifecycle cost of products the Company manufactures for use in the development stage Bus and Distributed Generation markets.
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.
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