VANCOUVER and SOUTHBOROUGH, MA, March
27, 2018 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP;
TSX: BLDP) today announced that the Company's subsidiary, Protonex,
has received a $1.9 million follow-on
purchase order for the supply of SPM-622 Squad Power Manager Kits
to support U.S. Army Security Force Assistance Brigades (SFAB).
"This follow-on order through the Program Executive Office (PEO)
- Soldier supports the mission of the U.S. Army's Security Force
Assistance Brigades," said Ray
Summers, Protonex Director of Military Sales. "The SFAB's
work is critical in supporting partner training in austere
environments and the U.S. Army's focus on these field forces is
contributing to the growing demand for power management
solutions."
The SPM-622 Squad Power Manager is a tough and compact device
which weighs less than a pound and enables military units to
optimize power for multiple electronic devices, including portable
radios, GPS systems, medical instruments, Explosive Ordinance
Demolition equipment as well as tablet and laptop computers.
The SPM-622 can draw power from any source – including battery,
solar, vehicle, AC, or scavenged energy sources – to run equipment
or recharge batteries. It delivers deployment-proven benefits to
military forces that include:
- Dependable power for more than 100 electronic devices currently
used by troops;
- Lightened load for troops in the field by reducing their
battery burden;
- Reduction in battery logistical support requirements;
and
- Increased energy flexibility for troops operating in austere
environments.
The SPM-622 Squad Power Manager system is developed and is
produced by Protonex at the company's facility in Southborough, Massachusetts. To date more than
5,000 units have been deployed by the
United States and NATO Partner Nations.
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.
SOURCE Ballard Power Systems Inc.