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Technology Stocks : Ballard Power -world leader zero-emission PEM fuel cells
BLDP 3.490-0.6%12:09 PM EDTNews

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From: cmgibubba9/8/2005 4:43:11 PM
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Ballard Announces Second Supply Agreement for Fuel Cell-Powered Lift Truck Marke


Business Editors

VANCOUVER, British Columbia--(BUSINESS WIRE)--Sept. 8, 2005--
Ballard Power Systems Inc. (TSX:BLD)(NASDAQ:BLDP) -

Agreement signed with General Hydrogen for more than 100 fuel
cells for lift truck market

Ballard Power Systems today announced that it has signed a Supply
Agreement with General Hydrogen (Canada) Corporation ("General
Hydrogen") to deliver more than 100 Mark9 SSL(TM) fuel cells, ranging
in power output from 4.8 kilowatts to 21.1 kilowatts, for integration
into General Hydrogen's power units, currently available for early
commercial sales in the lift truck market.

Ballard expects to begin unit deliveries in the fourth quarter of
2005. The Supply Agreement runs through the fourth quarter of 2006.
Following anticipated commercial sales in 2006, Ballard and General
Hydrogen have the option to negotiate a follow-on supply agreement to
support higher volumes in 2007 and beyond.

"Our Mark9 SSL(TM) fuel cells are attracting a great deal of
interest from potential customers worldwide. The flexibility of our
Mk 902 fuel cell platform, which was developed for automotive
applications, provides systems integrators like General Hydrogen with
a high-value, cost-effective alternative to the conventional
technologies being used in fork lift applications today," said
Noordin Nanji, Ballard's Vice President, Marketing & Business
Development.

"We are now into commercial sales and this agreement with Ballard
provides a solid foundation going forward, as we have secured a
source of product that will allow us to be extremely competitive in
the Class 1 forklift truck market," said Frank Trotter, General
Hydrogen's President and CEO. "The lift truck market for battery
replacement technology is here and now and represents a major market
opportunity for General Hydrogen. The market is driven not only by
the economic need to be as efficient as possible, but also the
requirement to meet ever-increasing environmental standards in the
workplace for the health and safety of workers. This agreement allows
for future negotiations to further enhance our price competitiveness
once we get certain volume sales, which we are very optimistic
about."

Ballard's Mark9 SSL(TM) Fuel Cell for Non-Automotive Applications

Available now to customers with fuel cell integration
capabilities, the liquid-cooled, hydrogen-fueled Mark9 SSL(TM)
(scalable series, liquid cooled) fuel cell is designed to perform in
rugged conditions, can be configured for motive or stationary power
applications, and is scalable in power increments from 4 kilowatts to
21 kilowatts depending on customer requirements. Featuring fast,
dynamic response and robust and reliable operation, Ballard's Mark9
SSL(TM) fuel cell establishes a new standard of performance by
optimizing reliability, power density and compatibility with customer
system requirements.

About Ballard

Ballard Power Systems is recognized as the world leader in the
design, development and manufacture of zero-emission proton exchange
membrane fuel cells. Ballard's mission is to develop fuel cell power
as a practical alternative to internal combustion engines through
technology leadership. To learn more about what Ballard is doing with
Power to Change the World(R), visit www.ballard.com.

About General Hydrogen

General Hydrogen Corporation is a Delaware private corporation.
Its wholly owned operating subsidiary, General Hydrogen (Canada)
Corporation, is based in Richmond, British Columbia. Its customer
development facility is located in Gallatin, Tennessee. General
Hydrogen's engineering team has more than 300 person years of fuel
cell experience going back over 20 years to the development of the
first modern fuel cell by company founders Geoffrey Ballard and Paul
Howard.

General Hydrogen's battery replacement technology features more
than double the working time of conventional lead acid batteries, and
enables shorter overall change-out time and a very short payback
period.

This release contains forward-looking statements that are based
on the beliefs of Ballard's management and reflect Ballard's current
expectations as contemplated under section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities and Exchange
Act of 1934, as amended. When used in this release, the words
"estimate", "project", "believe", "anticipate", "intend", "expect",
"plan", "predict", "may", "should", "will", the negative of these
words or such other variations thereon or comparable terminology are
intended to identify forward-looking statements. Such statements
reflect the current views of Ballard with respect to future events
based on currently available information and are subject to risks and
uncertainties that could cause actual results to differ materially
from those contemplated in those forward-looking statements.
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