Ballard Power Systems (BLD on Toronto Stock Exchange and BLDPF on NASDAQ) THIS IS ONE THE MOST SIGNIFICANT AND EXCITING TECHNOLOGY DEVELOPMENTS OF THE 21 CENTURY.
"Ballard Power Systems Inc. is the world leader in proton exchange membrane fuel cell power systems, an environmentally-clearn technology for converting fuels such as natural gas, methanol and hydrogen into electricity. Leading manufacturing compaies such as Daimler-benz, General Motors, Howaldtswerke-Deutsche Werft, New Flier Industries and others are using Ballard's proprietary technolgy to develop zero-emission vehicles and clean stationary power plants. In 1998 consumers around the world will begin using these products.
The Ballard Fuel Cell is changing theway the world meets its growing needs for clean and efficient power"
"While the Ballard Fuel Cell Engin uses a fundamentally different method of generating power, it retains many of the attributes of a conventional engine. Like trandtional internal combusion engines, the fuel cell engine combines fuel and air to create power. Fuel is stored in an external tank, which can be quickly and easily refilled providing the vehicle with the required range. Both engines produce heat which can be used to warm the passenger compartment.
Combustion engines generate power by burning fuels... The combustion process consumes non-renewable fuel and creates harmful pollutants.
The Ballard Fuel Cell Engine, in contrast, generates electricity through an electrochemical process that creates NO pollution. This electricity is supplied to electric motors which power the vehicle."
The Fuel Cell combines the best features of a battery powered vehicle - zero emission, high effeciency, quiet operation and long life --- with (and unlike batteries)the long range and fast re-fueling of a gasoline vehicle. This combination makes it one of the most attactive and important transportation technologies of the 21 centure. (Source" The Promise of Fuel Cell Vehicles. Insititute of Transportation Studies, University of California)
Following are the recent press release. More detail can be found on the Canadian Newswire (http://www.newswire.ca) by looking up BLD.
APR 5/95 - Ballard Receives 6 mill contract from GE
JUN 20/95 - Ballard receives orders from Hitachi and HDW
AUG 29/95 - Ballard Closes 21.4 mill equity offering
SEP 11/95 - Ballard receives 8 mill for demo fleet with Chicago Transit (2yr fleet trial. Upon successful completion will consider converting its 2000 fleet of buses)
Oct 3/95 BALLARD DEVELOPS FUEL CELL POWERFUL ENOUGH FOR AUTOMOBILES
Nov 7/95 Ballard Common Shares (BLDPF) admitted for trading on NASDAC.
Jan 11/96 Ballard completes acquistion of assest from Dow Chemical
Feb 6/96 Ballard issues 27 mill equity
Feb 6/96 BALLARD WINS 8.1 MILL CONTRACT from GEORGETOWN UNIVERSITY for METHONAL FUEL CELL ENGINE DEVELOPMENT (This is the key)
Feb 13/96 Ballard secures 2 mill Contract from HONDA for fuel cell
Mar 26/96 Ballard will put fuel cells in BC TRANSIT buses (8.6 mill)
Final note: Ballard has consistently met its business plans. A number of places have presently contracted with Ballard to run a trial fleet. Ballard plans commerical production in 1998. It is also developing fuel cells for stationary power plants, submarines etc.
Hope you find this informative.