Ballard Announces Additional SDTC Funding to Advance Fuel Cell Modules Used to Power Buses

Ballard Announces Additional SDTC Funding to Advance Fuel Cell Modules Used to
                                 Power Buses

PR Newswire

VANCOUVER, Feb. 15, 2013

VANCOUVER, Feb. 15, 2013 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP)
(TSX: BLD) announced today that it has been awarded approximately C$2.0
million in funding from Sustainable Development Technology Canada (SDTC) for a
one-year extension to a project that is furthering commercialization of the
Company's fuel cell power module for use in the transit bus market.

In January 2010, SDTC awarded Ballard up to C$4.8 million for a development
project under which Ballard has now completed the design, testing and
implementation of new sub-systems for its FCvelocity™-HD6 power module. The
project has improved durability and reliability of the power module as well as
reducing its cost.

Many of these design improvements were successfully implemented into the BC
Transit fuel cell hybrid bus fleet in Whistler, British Columbia, leading to
improved overall performance. As a testament to its operation, Whistler's
20-bus fleet has surpassed the 1.7 million mile (2.8 million kilometre)
threshold for revenue service to that community, since entering service in
early-2010.

"Our Government is doing its part to encourage innovation and the next wave of
clean technologies to help protect our environment and create high-quality
jobs," said the Honourable Joe Oliver, Canada's Minister of Natural Resources.
"Investment in projects such as these demonstrates our leadership in driving a
vibrant clean technology industry in Canada."

Dr. Vicky Sharpe, President and CEO of SDTC said, "These improvements in
cost-effectiveness and performance of fuel cell hybrid buses will make them
more accessible to public transit authorities in Canada. Since heavy duty
diesel vehicles account for almost half of greenhouse gas emissions emanating
from Canada's roads, cleaner buses can be a significant help in improving air
quality."

During the project extension, to run through October 2013, Ballard will focus
on standardization of certain product components and optimization of the power
module's balance-of-plant and control systems in order to further reduce cost
as well as improve manufacturability of the FCvelocity™-HD6.

Tony Guglielmin, Ballard CFO said, "We appreciate the continued support of the
Canadian Federal Government and SDTC which is certainly helping accelerate
product cost reductions. In turn, this enables more competitive positioning
relative to incumbent diesel buses, which will further the adoption of clean
energy fuel cell products for mass transit in Canada, the U.S., Europe and
other locations around the globe."

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.

Forward-Looking Statements

This release contains forward-looking statements regarding planned development
efforts and resulting benefits, including product cost reductions, which are
provided to enable external stakeholders to understand Ballard's
expectationsas 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 Information Form.

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.

Guy McAree, +1.604.412.7919,media@ballard.com orinvestors@ballard.com

SOURCE Ballard Power Systems Inc.

Contact:

Guy McAree, +1.604.412.7919,media@ballard.com orinvestors@ballard.com
 
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