VANCOUVER, BC and HOBRO,
Denmark, March 9, 2021 /PRNewswire/ - Ballard Power
Systems (NASDAQ: BLDP) (TSX: BLDP) today announced that it has
received follow-on purchase orders from Wrightbus
(www.wrightbus.com), a leading bus OEM and Ballard partner
headquartered in Northern Ireland,
for a total of 50 fuel cell modules to power Fuel Cell Electric
Buses, or FCEBs, planned for deployment in a number of U.K. cities.
The buses will be partially funded under the JIVE (Joint Initiative
For Hydrogen Vehicles Across Europe) program.
The orders for the 50 fuel cell modules announced today are
incremental to the previous orders for a total of 50 modules, which
was referenced in Ballard's June 16,
2020 press release, with all 50 of those modules having
shipped in 2020. Of the additional 50 modules announced today, 4
were shipped in 2020. All of these additional modules will power
buses planned for deployment in a number of U.K. cities, including
Birmingham, Aberdeen, London and Belfast.
Rob Campbell, Ballard Chief
Commercial Operator said, "The orders announced today from
Wrightbus for 50 fuel cell modules, in combination with the 50
modules noted in June 2020, underpins
the value we place on our long-standing partnership with Wrightbus.
The Fuel Cell Electric Bus market is now gaining momentum and is
expected to continue on an aggressive growth path in Europe and globally. Ballard intends to
continue leading with proven and reliable fuel cell products that
offer superior total cost of ownership for bus fleet operators
along with the benefits of fuel cell buses that deliver route
flexibility, rapid refueling and long range zero-emission
performance."
The JIVE program provides partial funding for a total of 295
Fuel Cell Electric Buses, of which 120 are currently operating in
the U.K., France, Italy, Denmark, Latvia, and The
Netherlands. The remaining 175 FCEBs are expected to be
deployed in various European cities by mid-2022. Ballard is
supplying fuel cell modules for more than 85% of the FCEBs deployed
and ordered to date under the JIVE program.
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, product
deliveries and deployments. 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.