0001309014-15-000070.txt : 20150129 0001309014-15-000070.hdr.sgml : 20150129 20150128192343 ACCESSION NUMBER: 0001309014-15-000070 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20150128 FILED AS OF DATE: 20150129 DATE AS OF CHANGE: 20150128 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: 15556425 BUSINESS ADDRESS: STREET 1: 9000 GLENLYON PARKWAY CITY: BURNABY STATE: A1 ZIP: V5J 5J8 BUSINESS PHONE: 206-903-8850 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 htm_9171.htm LIVE FILING Ballard Power Systems Inc. - 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

January 28, 2015

Commission File Number: 000-25270

Ballard Power Systems Inc.
———————————————————————————————————
(Translation of registrant’s 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)
 
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 
 



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: January 28, 2015 By: Tony Guglielmin

  Name:  Tony Guglielmin
  Title: Chief Financial Officer
     

EXHIBIT INDEX

Exhibit No.   Description

 
99.1   Ballard’s Customer Wins European Union Funding For 21 Fuel Cell Buses
     

EX-99.1 2 exhibit1.htm EX-99.1 Exhibit  EX-99.1

Ballard Power Systems Inc.

News Release

Ballard’s Customer Wins European Union Funding For 21 Fuel Cell Buses
Ballard expects to deliver power modules in 2015 and 2016

For Immediate Release – January 28, 2015

VANCOUVER, CANADA – Ballard Power Systems (TSX: BLD; NASDAQ: BLDP) today announced that its customer, Van Hool N.V. (Van Hool), has signed a grant agreement with the EU Hydrogen Fuel Cell Joint Undertaking for deployment of 21 fuel cell buses in Europe as part of the 3Emotion Program.

Ballard and Van Hool, partners in the deployment of numerous fuel cell buses in Europe, are in the process of finalizing an equipment supply agreement (ESA) for the provision by Ballard of 21 next-generation fuel cell power modules. Ballard anticipates receipt of purchase orders under the ESA that will lead to delivery of these fuel cell modules to Van Hool in 2015 and 2016.

Randy MacEwen, Ballard’s CEO said, “This funding is another positive step in the scaling of fuel cell bus deployments in Europe and in our relationship with Van Hool, a leading European bus OEM. We continue to be encouraged by Europe’s ongoing commitment to zero-emission fuel cell technology for mass transit.”

Van Hool is a Belgium-based independent bus, coach and industrial vehicle OEM with an impressive history of innovation in bus manufacturing. There are currently 27 Van Hool fuel cell buses, powered by Ballard modules, in public transit operation and Ballard holds an estimated 80% share of the European market for fuel cell bus modules.

In November 2014 Ballard and Van Hool jointly launched a dedicated European Service and Parts Centre for fuel cell buses – called ESPACE – to provide support for Ballard-powered Van Hool buses. That same month Van Hool and four other major bus OEM’s signed a Letter of Understanding outlining their commitment toward the commercialization and deployment of fuel cell buses in European urban public transport, including their anticipation that around 500-to-1,000 fuel cell buses can be put into service in Europe during the 2017-20 period.

Filip Van Hool, CEO of Van Hool N.V. said, “With this new round of funding now in-place, we look forward to expanding our successful zero-emission bus partnership with Ballard to include the roll-out of buses in additional European cities.”

For these newly funded buses, Ballard will deliver its FCvelocity®-HD7 product, a next-generation fuel cell power module offering improved durability and reliability together with significant cost reduction. Product enhancements include reduced parts count, fewer moving parts, integrated air compressor and coolant pump along with lower parasitic load. The module will also utilize fuel cell stacks manufactured through a high-volume, low-cost process. These product enhancements and efficient manufacturing process will reduce capital expense and operating costs, ensuring a competitive total cost of ownership in comparison with alternative low-emission technologies.

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. Under Framework FP7, the European Commission and industry have each committed 470 million of funding for fuel cell & hydrogen research and demonstrations through the 2008-14 period. The next program, Horizon 2020, extends this initiative to the year 2020 with an incremental budget of 700 million, including 50% cost share from the industry.

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 may contain forward-looking statements anticipated product sales and the impact on market adoption for our products; and new product attributes and corresponding value propositions for our customers. 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.

Further Information: Guy McAree +1.604.412.7919, media@ballard.com or investors@ballard.com