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Company Description

Contact Info

9000 Glenlyon Parkway

Burnaby, BC V5J 5J8

Canada

Phone: 604-454-0900

Fax: 604-412-4700

Ballard Power Systems Inc. designs, develops, manufactures, sells, and services fuel cell products for various applications. The company also provides engineering services for various fuel cell applications. It focuses on motive power (material handling and buses) and stationary power (backup power and distributed generation) markets. The company has four principal subsidiaries and affiliates, including Ballard Fuel Cell Systems Inc., an Oregon corporation that develops methanol-fueled clean energy backup power systems; Dantherm Power A/S (Dantherm Power), a Denmark-based corporation jointly owned with Dantherm A/S that develops hydrogen-fueled clean energy backup power systems; BDF IP Holdings Ltd. (IP Holdings), a Canadian corporation that holds intellectual property assets; and Ballard Material Products Inc., a Delaware corporation that focuses on the development of fuel processing components and systems for use in fuel cell applications. Markets and Products Fuel Cell Stacks: The company provides fuel cell stacks to original equipment manufacturer customers and system integrators that use the stacks to produce fuel cell systems for power solutions. Fuel Cell Modules: The company builds the stacks into self-contained modules that are plug-and-play into a larger system. Fuel Cell Systems: The company also builds fuel cell systems for stationary power markets that are designed to solve certain energy needs of its customers. The ElectraGen product lines provide fuel-flexible (hydrogen and methanol) system solutions for back-up power markets. The ClearGen product line provides system solutions for large scale Distributed Generation markets. Fuel Cell Products Motive Power Material Handling: The material handling market includes target industrial vehicles, such as forklifts, automated guided vehicles (AGVs), and ground support equipment. The company’s initial focus is on battery-powered Class 1 counter balance lift trucks, Class 2 reach trucks and Class 3 pallet forklifts, and AGVs. The company’s primary product for the material handling market is the FCvelocity-9SSL, which is applicable to Class 1, Class 2 and Class 3 forklift truck solutions. It supplies the FCvelocity-1020ACS, its second-generation air-cooled fuel cell product, for light-duty material handling applications. The company’s principle customer in North America is Plug Power, a specialized system integrator achieving early market penetration deploying its GenDrive battery pack replacement fuel cell systems. Buses: The company provides fuel cell modules for public transit buses. It designs and manufactures the FCvelocity-HD6 fuel cell module delivering 75 - 150 kW of power for use in the bus market. The company supplies the fuel cell modules to hybrid drive and coach manufacturer customers that deliver zero-emission fuel cell-powered buses to transit operators around the world. Ballard-powered fuel cell buses have accumulated approximately 200,000 hours of operation, accumulated approximately 3 million kilometers in service, and transported approximately 7 million passengers. Stationary Power Back-up Power: The company’s focus in the back-up power market is on the telecommunications industry. The FCgen-1020ACS fuel cell product is the company’s primary stack platform in the backup power market. Shipment of fuel cell stacks to backup power market customer in 2012 totaled 635 units. Dantherm Power develops clean energy fuel cell backup power systems for telecom equipment suppliers, for installation in either indoor or outdoor applications. Dantherm Power’s system deployments include the major European fuel cell installation for TETRA emergency networks. In 2012, Dantherm Power re-branded the DBX 2000 and DBX 5000 fuel cell system products as ElectraGen-H2. Ballard Fuel Cell Systems Inc. develops clean energy fuel cell backup power and supplemental power systems for telecom equipment suppliers, for installation primarily in outdoor applications. The ElectraGen-ME fuel cell system is powered by a liquid methanol/water mix; the ElectraGen-H2 fuel cell system is powered by hydrogen. Both the ElectraGen-ME and ElectraGen-H2 outdoor

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