Ballard Delivers 250-kilowatt Stationary Fuel Cell Generator To NTT
VANCOUVER, B.C.--(BUSINESS WIRE)--Oct. 26, 2000--Ballard Power Systems (Nasdaq:BLDP)(TSE:BLD.) announced today that its subsidiary Ballard Generation Systems has delivered its fourth 250-kilowatt stationary fuel cell power generator for field testing through its associated company EBARA BALLARD to Nippon Telegraph and Telephone (NTT), in Japan.
A cogeneration system using an absorption chiller developed by EBARA Corporation will be tested in conjunction with the fuel cell generator.
"The delivery of this generator to NTT extends our field trial program to the Asian market," said Jim Kirsch, President of Ballard Generation Systems. "Our field trial activity on three continents is providing us with a unique knowledge of global markets for stationary fuel cell power generation products."
NTT is a global information sharing corporation in Japan. The NTT group provides local, long distance, global and cellular telecommunications services, data communications services and multimedia services. NTT laboratories have been researching and developing a wide range of network technologies as well as clean energy systems.
EBARA BALLARD is a jointly held company of EBARA Corporation of Japan and Ballard Generation Systems with a mandate to supply Ballard Generation Systems fuel cell power generators incorporating the Ballard(R) fuel cell to customers in Japan.
EBARA Corporation is globally recognized as a major developer, manufacturer and distributor of fluid machinery and systems, precision machinery and environmental engineering systems and as a leader in zero-emission energy technology.
Ballard Generation Systems was formed to commercialize PEM fuel cell stationary power generators that use the Ballard(R) fuel cell. In addition to Ballard Power Systems, its shareholders include GPU International Inc. of New Jersey, ALSTOM France S.A., and EBARA Corporation of Japan.
Ballard Power Systems is recognized as the world leader in developing, manufacturing and marketing zero-emission proton exchange membrane (PEM) fuel cells for use in transportation, electricity generation and portable power products. Ballard Power Systems' proprietary fuel cell technology is enabling automobile, electrical equipment and portable power product manufacturers to develop environmentally clean products for sale. The fundamental component of these end-user products is the Ballard(R) fuel cell that combines hydrogen (which can be obtained from methanol, natural gas or petroleum) and oxygen (from air) without combustion to generate electricity. Ballard is partnering with strong, world-leading companies, including DaimlerChrysler, Ford, GPU International, ALSTOM and EBARA, to commercialize Ballard fuel cells. Ballard has also supplied fuel cells to Honda, Nissan, Volkswagen, Yamaha, Cinergy, Coleman Powermate and Matsushita Electric Works, among others.
Ballard's Common shares are listed on The Toronto Stock Exchange under the trading symbol "BLD" and on the Nasdaq National Market System under the symbol "BLDP". Ballard and the Ballard logo are registered trademarks of Ballard Power Systems Inc.
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