Wednesday, April 19, 2017

Ballard Power Systems - BLDP.t

Ballard Power Systems - BLD.t provides clean energy solutions enabling optimized power systems for a range of applications.

Ballard offers smarter solutions for a clean energy future.

On April 6, 2017 the company released News

Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) today announced that it has closed the transaction announced in February 2017 relating to technology transfer, licensing and supply arrangements with strategic partner Zhongshan Broad-Ocean Motor Co., Ltd. (“Broad-Ocean”; www.broad-ocean.com/en/index.html) for the assembly and sale of FCveloCity® 30-kilowatt (kW) and 85kW fuel cell engines in China. Under the deal, Broad-Ocean will manufacture fuel cell modules in three strategic regions in China, including Shanghai. The deal has an estimated value of approximately $25 million in revenue to Ballard over the initial 5-year term, including $12 million in Technology Solutions revenue. As of closing, Ballard received initial payments totaling $3.6 million.











http://pennystockjournal.blogspot.com/2016/05/ballard-power-systems-bldt.html