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Last $1.31 USD
Change Today -0.03 / -2.24%
Volume 139.7K
BLDP On Other Exchanges
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As of 8:10 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

ballard power systems inc (BLDP) Key Developments

Zenyatta Ventures Ltd and Ballard Power Systems Inc. Collaborate on Fuel Cell Technology Related to Energy Storage

Zenyatta Ventures Ltd. announced that it plans to collaborate with Ballard Power Systems Inc. on high purity graphite required in components of fuel cell technology. A first step screening process on Zenyatta's Albany graphite confirmed its suitability for use in the bipolar plate ("BPP") and gas diffusion layer (GDL) for fuel cells. High thermal stability and corrosion resistance is critical in the performance of these components in fuel cells. This research into fuel cell innovation was supported by technical, advisory services and a financial contribution from the National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP). Zenyatta graphite exhibits high thermal stability and corrosion resistance under Ballard testing; Early testing shows Albany graphite to be suitable for BPP and GDL fuel cell components; Zenyatta and Ballard plan to build components and further test these in fuel cells. The initial test screening was conducted by Ballard for purity, particle size, corrosion resistance, thermal stability and other desirable properties for use in fuel cells. These tests revealed Zenyatta's Albany graphite material to be suitable for use in hydrogen fuel cells with further advanced testing planned. Testing results were obtained from a lab-scale sample provided by SGS Canada Inc. ('SGS') solely for the purpose of providing early evaluation on the suitability and effectiveness of Albany graphite in these component applications.

Ballard Power Systems Inc. Presents at Jefferies 11th Annual Industrials Conference, Aug-10-2015 02:40 PM

Ballard Power Systems Inc. Presents at Jefferies 11th Annual Industrials Conference, Aug-10-2015 02:40 PM. Venue: Grand Hyatt, 109 E. 42nd Street, New York, New York, United States. Speakers: Anthony Robert Guglielmin, Chief Financial Officer and Vice President.

Ballard Power Systems Inc. Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Ballard Power Systems Inc. reported consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported adjusted LBITDA of $4.8 million compared to $1.2 million a year ago reflecting the decline in gross margin. Net loss was $7.3 million compared to $4.5 million a year ago driven primarily by the increase in Adjusted EBITDA loss. Loss per share was $0.06 compared to $0.03 a year ago. Normalized net loss was $7.0 million compared to $4.5 million a year ago. Normalized net loss per share was $0.05 compared to $0.03 a year ago. Cash used by operating activities was $5.3 million compared to $2.9 million a year ago. This reflects a cash operating loss of $5.5 million, partially offset by an improvement in working capital of $0.2 million. Total revenue was $11.2 million compared to $18.5 million a year ago, a decrease of 39% primarily due to declines in Technology Solutions and Material Handling revenue. For the six months, the company reported adjusted LBITDA of $9.9 million compared to $3 million a year ago. Net loss was $0.3 million compared to $8.3 million a year ago. Loss per share was $0.00 compared to $0.07 a year ago. Normalized net loss was $15.2 million compared to $8.1 million a year ago. Normalized net loss per share was $0.12 compared to $0.07 a year ago. Cash used by operating activities was $10.7 million compared to $9.6 million a year ago. Total fuel cell products & services revenue was $20.4 million compared to $32.5 million a year ago.

Ballard Power Signs Agreement to Provide 1 Megawatt Cleargen Fuel Cell Distributed Generation System for Hydrogene de France

Ballard Power Systems announced that it has signed an agreement to provide a 1 megawatt (1MW) ClearGen(TM) fuel cell distributed generation system for Hydrogene de France (HDF) which will be deployed at an AkzoNobel sodium chlorate chemical plant in Bordeaux Metropole, France. In addition, Ballard will provide engineering services support for the program. Powered by its proprietary proton exchange membrane (PEM) fuel cells, the Ballard ClearGen(TM) clean energy system will enable HDF to generate electricity and supply it to the local grid, helping satisfy local power demands. The ClearGen(TM) system is suitable for locations that have a demand for clean energy, high incumbent utility rates, and a ready source of hydrogen; potential customers include chemical producers, remote communities and utilities with a renewable power mandate. In the case of AkzoNobel, production processes used at its chemical facility in Bordeaux Metropol generate by-product hydrogen which will be used to fuel the ClearGen(TM) system. The program announced that it will be partially funded by the EU Fuel Cells and Hydrogen Joint Undertaking (FCH-JU), with the remaining funding to be provided by HDF and its partners. The FCH-JU is supporting this program to help define EU standards of fuel cell integration and to validate progress made in increasing stack life. The program agreement is structured in two phases. Under the first phase, targeted for completion in mid-2016, Ballard will receive an initial payment of €1.7 million to undertake engineering services and core component development work. Under the second phase, targeted for completion in 2017, Ballard will receive an additional €1.7 million for onsite assembly and commissioning, subject to Hydrogene de France securing necessary funding to complete the project.

Ballard Power Systems Inc., Q2 2015 Earnings Call, Jul 29, 2015

Ballard Power Systems Inc., Q2 2015 Earnings Call, Jul 29, 2015

 

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