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In Landmark Deal, Ballard to Deliver 2,900 Mark 9 Fuel Cells to General Hydrogen

VANCOUVER, OCT. 12 – Ballard Power Systems here has signed a contract with neighbor General Hydrogen Corp. to deliver 2,900 Mark SSL ™ fuel cells worth about U.S. $22 million for fork lifts and similar materials handling equipment.

The sale is seen by observers as a landmark sign of viability of fuel cells - long in coming - in the commercial market place.

In this application, they would replace standard lead acid batteries, tripling run times, eliminating battery changing and charging and thereby increasing productivity.

About one quarter of the total will be shipped next year to General Hydrogen, with the rest to be delivered in 2008, Ballard said. The fuel cell maker will be paid in successive increments as deliveries are completed. General Hydrogen is headquartered in nearby Richmond, British Columbia.

The numbers take on added significance in light of the fact that Ballard had shipped only 100 of this fuel cell model through September 30. It means that Ballard has now exceeded its previously stated goal of shipping or booking 300 of these units this year by almost an order of magnitude

(A full report will appear in the upcoming November issue of "The Hydrogen & Fuel Cell Letter.")

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