Ballard To Supply Fuel Cell Engines To Ford In $69.1-Million Deal.

Ballard Power Systems said that its transportation division has signed a three-year agreement valued at $43.9-million with alliance partner Ford Motor Co. Under the agreement, Ballard said it will supply Ford with fuel cell engines and related engineering and support services.

"This $69.1-million order for the development of fuel cell engines is in addition to Ford's September order of $34.5-million, and brings Ford's total recent orders to over $100-million," said Firoz Rasul, Chairman and Chief Executive Officer. "This new order is further confirmation of Ford's commitment to Ballard and to the commercialization of fuel cell vehicles."

"We are proud to be an integral part of Ford's fuel cell vehicle program," said Dr. Andreas Truckenbrodt, Ballard's Vice-President, Transportation. "This is the first order under our 20-year exclusive purchase agreement with Ford for fuel cell engines."

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