Ballard Power Systems (NASDAQ: BLDP) this morning said that it has signed a follow-on Technology Solutions contract with a global automotive OEM, expanding the contract extension signed in July 2016. Per the extension, Ballard will continue to deliver expertise in proton exchange membrane (PEM) fuel cell technology to advance the customer’s membrane electrode assembly (MEA) development program for future versions of its engine for fuel cell vehicles. “At Ballard, we are uniquely positioned to offer these companies bundled Technology Solutions with access to our leading intellectual capital and intellectual property focused on PEM fuel cell technology. These opportunities provide high value to our customers and long-term embedded optionality for Ballard shareholders,” Ballard president and CEO Randy MacEwen stated in the news release.
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About Ballard Power Systems
Ballard Power Systems (NASDAQ: BLDP) provides clean energy products that reduce customer costs and risks, and helps customers solve difficult technical and business challenges in their fuel cell programs. To learn more about Ballard, please visit www.ballard.com.
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