Ballard Announces Close of U.S. Offering

                   Ballard Announces Close of U.S. Offering

PR Newswire

VANCOUVER, March 28, 2013

VANCOUVER, March 28, 2013 /PRNewswire/ - Ballard Power Systems (NASDAQ:
BLDP)(TSX: BLD) has announced the closing of an underwritten offering
("Offering") of 7,275,000 units for gross offering proceeds of approximately
U.S. $8.0 million, under the terms disclosed in the Company's press release of
March 21, 2013.

Each unit in the Offering is comprised of one common share priced at U.S.
$1.10 and one warrant to purchase one common share priced at U.S. $1.50. The
common shares and warrants are immediately separable and will be issued
separately, and no units will be issued or certificated.

Tony Guglielmin, Ballard CFO said, "We are pleased with this financing, with
institutional investors knowledgeable in the clean technology space, which
further fortifies the balance sheet to more strongly position Ballard for the
execution of our growth plan and achievement of positive cash flow."

Lazard Capital Markets LLC acted as the sole book-running manager for the

About Ballard Power Systems
Ballard Power Systems (NASDAQ: BLDP)(TSX: BLD) 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

Some of the statements contained in this release are forward-looking
statements regarding Ballard's continued growth and cash flow, within the
meaning of the U.S. Securities Act of 1933, as amended, and U.S. Securities
Exchange Act of 1934, as amended, and forward-looking information within the
meaning of Canadian securities laws, such as statements that describe the
anticipated offering of securities under the Company's Prospectus and
registration statement and Supplement, and the anticipated use of proceeds
from the Offering. Since forward-looking statements are not statements of
historical fact and address future events, conditions and expectations,
forward-looking statements by their nature inherently involve unknown risks,
uncertainties, assumptions and other factors well beyond the Company's ability
to control or predict. Actual events, results and developments may differ
materially from those contemplated by such forward-looking statements.
Material factors that could cause actual events to differ materially from
those described in such forwarding-looking statements include risks related to
the Company's condition requiring anticipated use of proceeds to change,
timing of, and ability to obtain, required regulatory approvals, and general
economic and regulatory changes.  These forward-looking statements represent
the Company's views as of the date of this release. There can be no assurance
that forward-looking statements will prove to be accurate, as actual events
and future events could differ materially from those anticipated in such
statements. Readers should not place undue reliance on any forward-looking

Guy McAree, +1.604.412.7919,

SOURCE Ballard Power Systems Inc.


Guy McAree, +1.604.412.7919,
Press spacebar to pause and continue. Press esc to stop.