Ballard Power (BLDP) Signs MOU w/ WEG Industries for Fuel Cell Development
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Ballard Power Systems (Nasdaq: BLDP) announced that it has signed a non-binding Memorandum of Understanding (MOU) with WEG Industries (Brazil), a multinational corporation headquartered in Jaragua do Sul, Brazil, to collaborate on product and market development of clean energy fuel cell products.
Under this agreement, the companies will work to identify and evaluate market opportunities for hydrogen fuel cell products and services in applications related to WEG's businesses and technologies in such vertical markets as bus, rail and mining.
Under this agreement, the companies will work to identify and evaluate market opportunities for hydrogen fuel cell products and services in applications related to WEG's businesses and technologies in such vertical markets as bus, rail and mining.
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