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 5, 2013 | By: |
Tony Guglielmin |
Name: | Tony Guglielmin | |
Title: | Chief Financial Officer | |
Exhibit No. | Description | |
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99.1 | Ballard Signs MOU with Van Hool For Further Zero Emission Fuel Cell Bus Deployments | |
Ballard Power Systems Inc.
News Release
Ballard Signs MOU with Van Hool For Further Zero Emission Fuel Cell Bus Deployments
For Immediate Release December 5, 2013
VANCOUVER, CANADA Ballard Power Systems (NASDAQ: BLDP)(TSX: BLD) has announced the signing of a non-binding Memorandum of Understanding (MOU) with Van Hool NV, Europes fourth largest bus manufacturer, in support of the manufacture and further deployment of zero emission fuel cell buses.
By February 2014 the companies plan to jointly respond to last weeks call for proposals under the EU Hydrogen Fuel Cell Joint Undertaking, and also plan to jointly respond to other future calls for proposals under the Horizon 2020 program.
Van Hool is a Belgium-based independent bus, coach and industrial vehicle OEM with a strong history of innovation in bus manufacturing. In 2014, there will be 27 Van Hool fuel cell buses in public transit operation in Europe, powered by Ballard fuel cell power modules.
Leopold Van Hool, Van Hool Chairman of the Board said, With the signing of this MOU, we look forward to expanding the success of our zero-emission bus partnership with Ballard to include even more cities in the European transit bus market.
Ballard FCvelocity®-HD6 fuel cell power modules are delivering a high level of performance in European buses. For example, on a year-to-date basis, Ballard fuel cell modules have delivered availability greater than 97% in buses operating in London and Amsterdam.
For the newly funded buses, Ballard will deliver its next-generation fuel cell power module to Van Hool for incorporation into hybrid bus platforms. This new FCvelocity®-HD7 power module will offer improved durability and reliability along with significant cost reduction. The MOU also provides for the establishment of a dedicated service and parts center at Van Hool facilities in Belgium, to support all buses powered by Ballard fuel cells in Europe.
John Sheridan, Ballards President and CEO said, We are very pleased to partner with Van Hool in our application for EU funding to support the deployment of additional fuel cell-powered buses. This will help generate economies of scale that we expect to drive further overall cost reduction.
The EU Hydrogen Fuel Cell Joint Undertaking is a public-private partnership supporting research, technological development and demonstration activities in fuel cell and hydrogen energy technologies, providing subsidies for eligible projects through a cost share mechanism. The European Commission and industry have each committed to contribute 470 million of funding into fuel cell and hydrogen research in the 2008-17 period. The next program, Horizon 2020, will extend this initiative through the year 2020 with an incremental budget of 700 million.
About Ballard Power Systems
Ballard Power Systems (NASDAQ: BLDP)(TSX: BLD) 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 regarding anticipated business opportunities,
product development activities, product attributes, anticipated customer benefits and market
drivers for our products which are provided to enable external stakeholders to understand Ballards
expectations as at the date of this release and may not be appropriate for other purposes. These
forward-looking statements are based on the beliefs and assumptions of Ballards management and
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. Such
assumptions relate to Ballards financial forecasts and expectations regarding its product
development efforts, manufacturing capacity, and market demand, and include matters such as
generating new sales, producing, delivering and selling the expected number of units, and
controlling its costs.
These statements involve risks and uncertainties that may cause Ballards actual results to be materially different, including, without limitation, the condition of the global economy, the rate of mass adoption of its products, product development delays, changing environmental regulations, its ability to attract and retain business partners and customers, its access to funding, increased competition, its ability to protect its intellectual property, changes in its customers requirements, foreign exchange impacts on its net monetary assets and its ability to provide the capital required for product development, operations and marketing. For a detailed discussion of these risk factors 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