VANCOUVER and SOUTHBOROUGH, MA, June
25, 2018 /CNW/ - Ballard Power Systems (NASDAQ: BLDP;
TSX: BLDP) today announced that the Company's subsidiary, Protonex,
has received a $1.0 million order for
the supply of SPM-622 Squad Power Manager Kits to support U.S. Army
brigades deploying overseas.
Ray Summers, Protonex Director of
Military Sales said, "The U.S. Army's focus on providing power
management solutions for deployed forces shows how power has become
just as important as water, food and ammunition in the modern
operating environment. Having an SPM-622 Squad Power Manager Kit is
like having a multi-tool for power in your rucksack. With such a
system, troops can easily scavenge power from any DC source to keep
their batteries and devices constantly operational – no matter
where they are."
The SPM-622 Squad Power Manager intelligently manages energy
between batteries and electronic equipment. It works as an
intelligent power harvester and scavenger, an automatic voltage
converter, a universal power hub, while also being safe and easy to
use. The product is also robust and waterproof, to enable
supporting missions in harsh environments with extreme temperatures
and no infrastructure.
The Squad Power Manager has proven itself as a mission-essential
tactical tool because it reduces a units' battery burden, while
increasing up-time and operational effectiveness. SPM-622 supports
a wide range of electronic systems, providing a solution for such
systems as: medical / prolonged field care; explosive ordinance
demolition; unmanned air and ground systems; HF / UHF radios and
SATCOM terminals; recon, surveillance and targeting systems;
smartphones, tablets and computers.
The SPM-622 Squad Power Manager system is manufactured in
Southborough, Massachusetts. Power
Management Systems are in operation with United States, NATO, and other Partner Nations
forces around the world.
About Ballard Power Systems
Ballard Power Systems
(NASDAQ: BLDP; TSX: BLDP) provides clean energy products that
reduce customer costs and risks, and helps customers solve
difficult technical and business challenges in their fuel cell
programs. To learn more about Ballard, please visit
www.ballard.com.
This release contains forward-looking statements concerning
anticipated product performance, customer benefits and market
demand for our products. 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.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy securities. The Ballard Common
Shares have not been registered under the United States Securities
Act of 1933, as amended, or the securities laws of any other
jurisdiction and may not be offered or sold in the United States absent registration or an
applicable exemption from registration requirements.
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SOURCE Ballard Power Systems Inc.