VANCOUVER, BC, Oct. 29, 2020 /PRNewswire/ - Ballard Power
Systems (NASDAQ: BLDP) (TSX: BLDP) today announced that it has
signed definitive agreements – in the form of Amendments to the
existing Technology Development Agreement and a Patent License
Agreement – with AUDI AG related to
the non-binding Memorandum of Understanding previously announced in
a press release on September 14,
2020, thereby expanding Ballard's right to use the
FCgen®-HPS product, a high-performance, zero-emission,
proton exchange membrane (PEM) fuel cell stack in all applications,
including commercial trucks and passenger cars.
![Ballard Power Systems Logo (CNW Group/Ballard Power Systems Inc.) Ballard Power Systems Logo (CNW Group/Ballard Power Systems Inc.)](https://mma.prnewswire.com/media/1323545/Ballard_Power_Systems_Inc__Ballard_and_AUDI_Sign_Definitive_Agre.jpg)
The FCgen®-HPS fuel cell stack provides propulsion
for a range of Light-, Medium- and Heavy-Duty vehicles in an
industry-leading volumetric high-power density of 4.3 kilowatts per
liter (4.3 kW/L). This marks another power density milestone for
Ballard over the Company's decades of PEM fuel cell product
innovation. The FCgen®-HPS was fully designed and
developed by Ballard to stringent automotive standards in the
company's Technology Solutions program with AUDI AG.
In addition to its leading high-power density, the
FCgen®-HPS delivers a combination of impressive
performance metrics, including:
- High power output: up to 140kW maximum power level, with
scalability to multiple power blocks;
- High operating temperature: up to 95oC
maximum operating temperature, which allows for more efficient and
smaller cooling systems; and
- Rugged cold weather capabilities: -28oC
freeze start capability with fast power ramp.
More information regarding the FCgen®-HPS fuel cell
stack is available here.
About Ballard Power Systems
Ballard Power Systems'
(NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for
a sustainable planet. Ballard zero-emission PEM fuel cells are
enabling electrification of mobility, including buses, commercial
trucks, trains, marine vessels, passenger cars and forklift trucks.
To learn more about Ballard, please visit www.ballard.com.
This release contains forward-looking statements concerning
anticipated product performance and other characteristics. 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.
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SOURCE Ballard Power Systems Inc.