July 6, 2006

Canadian firm to co-develop fuel cell vehicles for China

Burnaby, B.C. – Ballard Power Systems of Burnaby, British Columbia has signed an agreement with Shanghai Fuel Cell Vehicle Powertrain Co. Ltd. to cooperate on the development of fuel cell vehicles for demonstration and field trial programs planned in China in 2006 and 2007. Ballard will supply fuel cells and related services, while Powertrain will integrate the cells into vehicles.

Under the agreement, Ballard will supply up to twenty Mark 902 fuel cells to Powertrain, and provide related engineering and field service support. Upon successful integration of the fuel cells into vehicles, Powertrain will purchase up to an additional eighteen fuel cells for the program in 2007. The Mark 902 is the fourth generation of fuel cell technology from Ballard.

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