Ballard Power (BLDP) Reports In-Line Q2 EPS; Announces Strategic Collaboration and Equity Investment Deal With Broad-Ocean
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Ballard Reports Second Quarter 2016 Results
July 26, 2016 9:00 PM EDT58% Q2 revenue growth driven by China bus contract deliveries Q2 gross margin improvement to 29%
VANCOUVER, July 26, 2016 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP; TSX: BLD) today announced its consolidated financial results for the second quarter ended June 30, 2016. All amounts are in U.S. dollars unless otherwise noted and have been prepared in accordance with International Financial Reporting Standards (IFRS).
"Our strong order book for 2016 continued to drive year-on-year revenue growth of... More
Ballard Announces Strategic Collaboration and Equity Investment Deal With Broad-Ocean
July 26, 2016 7:19 PM EDT$28.3M equity investment yields 9.9% ownership position
VANCOUVER and ZHONGSHAN, CHINA, July 26, 2016 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP; TSX: BLD) today announced that Zhongshan Broad-Ocean Motor Co., Ltd. has entered into a strategic collaboration with Ballard which includes a $28.3 million equity investment in Ballard, representing 9.9% of the company following the transaction ("Broad-Ocean"; www.broad-ocean.com/en/index.html).
Founded in 1994, Broad-Ocean is headquartered in the City of Zhongshan in Guangdong... More
