Ballard Receives Deloitte Technology Green 15(TM) Award
VANCOUVER, Nov. 13, 2012, 2012 (Canada NewsWire via COMTEX) --
Ballard Power Systems (NASDAQ: BLDP) (TSX: BLD) today announced it is a 2012 recipient of the
Deloitte Technology GreenTM 15 Award, designed to showcase Canadian
companies that are creating economically viable intellectual property
in the field of green technology.
"The Deloitte Technology Green 15TM Award winners deliver innovative
solutions that promote an efficient use of the earth's resources," said
Richard Lee, National Leader, Technology, Media & Telecommunications
Industry Group, Deloitte. "Ballard Power Systems is an outstanding
example of a company that is creating technology solutions that reduce
environmental impacts while improving operational performance and
Ballard's clean energy fuel cell products enable optimized power systems
for a range of stationary and motive applications - including
communications backup power, material handling, distributed generation
and bus applications.
"To displace incumbent technologies, new clean energy product solutions
must deliver against both the economic and environmental bottom line,"
said John Sheridan, President and CEO of Ballard Power Systems. "Now,
within our commercial stage market segments of communications backup
power and material handling, end-users are experiencing a compelling
return on investment."
Fuel cells are an electricity generation device that converts hydrogen -
the world's most abundant element - into electricity, through a
chemical reaction. Fuel cells are clean, quiet, efficient, and
scalable, thereby permitting versatile energy production across a range
of power needs. More than 150 megawatts of Ballard's fuel cell products
have been deployed commercially across the globe in Europe, Asia,
Africa, North America and Central America.
About the Deloitte Technology Green 15TM - The Technology Green 15TM recognizes Canada's leading GreenTech
companies. GreenTech, the industry term for "green technologies", is
taking on greater importance in the world in general, and the world of
business in particular. It includes any technology that promotes a more
efficient use and re-use of the earth's resources in industrial
production and consumption. GreenTech products and services are
designed to reduce or eliminate environmental impacts and improve
operational performance, productivity, or efficiency while reducing
costs, inputs, energy consumption, waste, or pollution. Although many
companies within GreenTech industry sectors are very different, they
share a common trait: all use new, innovative technology to create
products and services that compete with existing products and services
on price and performance while reducing impact on the environment.
About the Deloitte Technology Fast 50TM - The Deloitte Technology Fast 50TM program is Canada's pre-eminent
technology awards program. Celebrating business growth, innovation and
entrepreneurship, the program features four distinct categories
including the Technology Fast 50TM Ranking, Companies-to-Watch Awards
(early-stage Canadian tech companies in business less than five years,
with the potential to be a future Deloitte Technology Fast 50TM
candidate,) Leadership Awards (companies that demonstrate technological
leadership in four industry subcategories: hardware/semiconductor,
software, telecommunications and emerging technologies) and the
Deloitte Technology Green 15TM Awards (Canada's leading GreenTech
companies that promote a more efficient use and re-use of the earth's
resources in industrial production and consumption.) Program sponsors
include Deloitte, Gowlings, Wellington Financial, TMX Group, HUB
International HKMB, National Angel Capital Organization, CVCA, MaRS and
IGLOO Software. For further information, visit www.fast50.ca.
About Ballard Power Systems
Ballard Power Systems (TSX: BLD) (NASDAQ: BLDP) provides clean energy
fuel cell products enabling optimized power systems for a range of
applications. Products deliver incomparable performance, durability and
versatility. To learn more about Ballard, please visit www.ballard.com.
This release contains forward-looking statements, related to the
environmental impact, operational performance and value proposition of
our products to our customers, which are provided to enable external
stakeholders to understand Ballard's expectations as at the date of
this release and may not be appropriate for other purposes. These
forward-looking statements are based on the beliefs and assumptions 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 Exchange Act of 1934, as
amended. Such assumptions relate to Ballard's financial forecasts and
expectations regarding its product development efforts, manufacturing
capacity, and market demand, and include matters such as generating new
sales, producing, delivering and selling the expected number of units,
and controlling its costs.
These statements involve risks and uncertainties that may cause
Ballard's actual results to be materially different, including, without
limitation, the condition of the global economy, the rate of mass
adoption of its products, product development delays, changing
environmental regulations, its ability to attract and retain business
partners and customers, its access to funding, increased competition,
its ability to protect its intellectual property, changes in its
customers' requirements, foreign exchange impacts on its net monetary
assets and its ability to provide the capital required for product
development, operations and marketing. For a detailed discussion of
these risk factors and other risk factors that could affect Ballard's
future performance, please refer to Ballard's most recent Annual
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.
SOURCE: Ballard Power Systems Inc.
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/November2012/13/c7674.html
SOURCE: Ballard Power Systems Inc.
Guy McAree, +1.604.412.7919,firstname.lastname@example.org email@example.com
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