Ballard supply agreement with Daimler

摘要

According to Ballard Power Systems President and CEO John Sheridan, the company has signed a supply agreement with Daimler AG for FCveloci-ty fuel cell products for Daimler AG's fuel cell car and bus programs. The agreement provides for minimum revenue of approximately $24 million over eighteen months from April 2010, with roughly equal distribution in 2010 and rn2011.Sheridan added, "Automotive is one of the most demanding power applications in terms of efficiency, reliability and safety. As such, this major fuel cell order for the automotive market provides further testimony of Ballard's leading fuel cell product capabilities for commercial clean power applications in backup power, distributed generation and material handling."