Ballard Power Systems (BLDP) Signs Deal for 25 Clean Energy Buses in Brazil
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Ballard Power Systems (Nasdaq: BLDP) has signed a Letter of Intent (LOI) with The City of Sao Paulo, Brazil for 25 FCvelocityTM-HD6 fuel cell modules to power 25 buses in that city. Delivery of the modules is planned for 2012. A final agreement with The City of Sao Paulo is now in negotiation.
Silvano Pozzi, Ballard's Director - Brazil Market Development said, "We are very pleased with The City of Sao Paulo's intention to deploy an initial fleet of 25 clean energy buses."
John Sheridan, the Company's President and CEO added, "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."
Silvano Pozzi, Ballard's Director - Brazil Market Development said, "We are very pleased with The City of Sao Paulo's intention to deploy an initial fleet of 25 clean energy buses."
John Sheridan, the Company's President and CEO added, "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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