Ballard Power Systems announced that it has received a follow-on purchase order from Nisshinbo Holdings Inc. for a further phase of a Technology Solutions program related to the development of a breakthrough catalyst technology intended to reduce the cost of certain proton exchange membrane (PEM) fuel cells. The program, now entering its seventh phase, has been underway for approximately 2.5 years. The mandate of Ballard's Technology Solutions group is to help customers solve difficult technical and business challenges in their PEM fuel cell programs. Ballard delivers this through customized, bundled technology solutions, including world-class, specialized engineering services, access to the Company's deep intellectual property (IP) portfolio and know-how, as well as the supply of technology components.
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