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Topics News & Markets

Ballard Power signs deal to sell 25 fuel cells to Sao Paulo, Brazil

By The Canadian Press | December 27, 2011

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VANCOUVER - Ballard Power Systems (TSX:BLD) has signed a deal to sell 25 hydrogen fuel cells to Sao Paulo, Brazil to power buses in that city.

The fuel cells will be delivered next year, the Vancouver company said late Tuesday.

Financial terms of the transaction were not revealed.

Ballard said it is negotiating a final agreement with The City of Sao Paulo, Brazil's largest city.

John Sheridan, Ballard's president and CEO, said the latest deal expands the company's fuel cell for buses business.

"In combination with our recently announced supply agreement for 21 modules to power buses in Europe, this points to significant progress toward commercialization of zero-emission fuel cell buses in 2012."

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Topics News & Markets

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