VANCOUVER, BC, June 22, 2021 /PRNewswire/ - Ballard Power
Systems (NASDAQ: BLDP) (TSX: BLDP) today announced that it has
received a follow-on purchase order from New Flyer
(www.newflyer.com), North
America's heavy-duty transit bus leader and Ballard partner, for 20 fuel cell modules to
power 20 New Flyer Xcelsior® model Fuel Cell
Electric Buses, or FCEBs, planned for deployment with
Alameda-Contra Costa Transit District (AC Transit) in Oakland, California. Ballard plans to deliver all the modules to
New Flyer this year and deployment of the New Flyer buses will
bring the total number of Ballard-powered FCEBs operated by AC Transit
to 31.
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"The orders announced today from New Flyer for 20 fuel cell
modules brings the number of New Flyer FCEBs that Ballard is powering in California to 45 and underpins the importance
of our long-standing partnership with North America's leading bus manufacturer,"
said Rob Campbell, Ballard Chief Commercial Officer. "The FCEB
market is gaining momentum and is expected to continue on a
positive growth path in the U.S. 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 California Air Resources Board (CARB) has passed an
Innovative Clean Transit (ICT) regulation requiring a
growing proportion of buses purchased by transit agencies in the
state to be zero-emission. The goal of the ICT regulation is for
100% of all transit buses operating in the state to be
zero-emission by 2040. To accomplish this, 25% of buses purchased
by California transit agencies
must be zero-emission beginning in 2023, rising to 50% by 2026 and
100% by 2029. Ballard is seeing
increased market interest from California transit authorities as they move to
adopt zero-emission buses in compliance with ICT requirements.
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
market developments, 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.