Ballard Power Systems to supply fuel cells for Daimler AG autos

Ballard Power Systems, Vancouver, B.C., will supply Daimler AG fuel cell products for the manufacturer’s fuel cell car and bus programs. The agreement provides for minimum revenue of approximately $24 million over eighteen months from April 2010, with roughly equal distribution in 2010 and 2011. Ballard is a clean energy growth company with product leadership in fuel cell power solutions, focused on the material handling and stationary power markets.