VANCOUVER, Nov. 8, 2011 /PRNewswire/ - Ballard Power Systems
(TSX: BLD) (NASDAQ: BLDP) commends the U.S. Department of Defense
(DoD) on the recent publication of a groundbreaking study assessing
the capability of fuel cells to support DoD's power requirements in
the near-term.
"Beyond Demonstration: The Role of Fuel Cells in DoD's Energy
Strategy" validates the technological and commercial progress made
to date by developers of fuel cell technology, and recommends that
the Department of Defense proactively evaluate and acquire fuel
cell systems for a range of applications. The complete report,
which was sponsored by the Defense Logistics Agency (DLA), is
available at www.dlafuelcells.org/library.
Ballard has also prepared a White Paper entitled "Fuel Cell
Solutions to Meet the U.S. DoD's Energy Strategy", which offers a
perspective on the DLA-sponsored report and addresses Ballard's
commercial solutions and demonstration capability that can
effectively address many Department of Defense technology
requirements. The Ballard White Paper can be downloaded at
www.ballard.com/white_paper.aspx.
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, including
anticipated customer requirements. 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
Public Relations: Guy
McAree, +1.604.412.7919, media@ballard.com
Investor Relations: Lori Rozali,
+1.604.412.3195, investors@ballard.com
SOURCE Ballard Power Systems Inc.