Search form

    Ballard Inks $11M Deal With Broad-Ocean For 200 Fuel Cell Engines in China Market

  • Apr 05, 2017

    Ballard Power Systems announced that it has entered into a definitive equipment supply agreement with Zhongshan Broad-Ocean Motor Co., Ltd. ("Broad-Ocean"; www.broad-ocean.com/en/index.html) for the supply and delivery of 200 FCveloCity® fuel cell engines to be used in demonstrations of clean energy buses and commercial vehicles in key Chinese cities. The engines will be manufactured and supplied by Ballard from its operations in British Columbia, with shipments scheduled for 2017. The deal value is approximately $11 million.

    "We are working to close the strategic technology transfer, licensing and supply deal with Broad-Ocean that we announced in February, under which Broad-Ocean plans to set up three module assembly operations in China," said Randy MacEwen, Ballard President and CEO. "Once closed, we will work to execute terms of the deal this year. In parallel, Broad-Ocean plans to seize early market demand for fuel cell buses and commercial vehicles in strategic demonstration projects in key Chinese cities. As a result, we will supply Broad-Ocean with 200 fuel cell modules in 2017 to support these initial projects. This $11 million order will be incremental to the expected $25 million value of the technology transfer deal."

    Founded in 1994, Broad-Ocean is headquartered in the City of Zhongshan in Guangdong Province and is listed on the Shenzhen Stock Exchange. The Company is a leading global manufacturer of motors that power small and specialized electric machinery for electric vehicles (EVs), including buses, commercial vehicles and passenger vehicles, and for heating, ventilation and air conditioning (HVAC). Broad-Ocean produces more than 50 million motors annually for customers on 5 continents. On August 18, 2016 Broad-Ocean became Ballard's largest shareholder following an investment of $28.3 million in Ballard common shares, representing approximately 9.9% of Ballard's outstanding common shares following the transaction.

    About Ballard Power Systems
    Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) provides clean energy products that reduce customer costs and risks, and helps customers solve difficult technical and business challenges in their fuel cell programs. To learn more about Ballard, please visit www.ballard.com.

  • Industry News

    Arlington Industries, Inc. and Bridgeport Fittings, Inc. today announced that they have reached an agreement that settles all litigation currently pending between the companies. In connection with this settlement, Arlington has received payment of $1.37 million for the judgment in case No. 3:06-cv-1105 in the Middle District of Pennsylvania against Bridgeport’s 3838ASP and 3838SP Whipper-Snap Duplex connectors. Bridgeport has dismissed its appeal from that judgment and Arlington has dismissed its cross-appeal seeking attorney’s fees.

    FortWhyte Alive is unveiling the largest solar installation in the City of Winnipeg. The 60 kilowatt (kW) installation is made possible thanks to support from Bullfrog Power, Investors Group and Manitoba Hydro's Solar Energy Program.

  • Keeping Current

    MAGIC LITE LTD., an innovator and leader in architectural and specialty lighting products, welcomes the following employees: Allan Langvee has taken on the Sales & Customer Service Manager position; Shelley Hussey is the new Assistant Bookkeeper; Samantha Bortolotti appointed to the Customer Service Representative/Order Entry position; and Adrian Andronic the new Product Manager. Kara Wenner will assume the role of Marketing Coordinator and Customer Service Representative.

    RITTAL SYSTEMS LTD., a world leading manufacturer of enclosure solutions, welcomes Franklin Empire to its distribution/partner network in Canada. With a rich family history dating back to the 1940’s and an extensive distribution network in Ontario and Quebec, Franklin Empire Inc. is the largest independently owned electrical distributor in Canada.

    Tim Rourke, President, Rittal Systems Ltd., said, “Franklin Empire is known for their expertise in the electrical distribution industry, as well as in manufacturing and processing automation. Rittal Systems is confident that partnering with Franklin will expand our reach to new areas and industries, and will be a win-win for our customers.”

    BROCKWAY ENTERPRISES Owner and President, Thomas Brockway, annnounces the appointment of Troy Sampson as its New Brunswick Sales Representative. Troy has spent the past several years in various capacities with Siemens Canada in Moncton. He has an Electrical Engineering Technology Diploma from NSCC, NSIT in 1999 and is a member of the NB Society of Certified Engineering Technicians & Technologists.

    "We look forward to Troy working as an integral part of Team Brockway and contributing to our continuous efforts in growing our sales and market share for you, our Manufacturers," said Thomas.

    Troy can be reached at 506.850.9192 or e-mail troy.sampson@brockway.ca.

  • Product Showcase

    BENDER LifeGuard series ground fault circuit interrupters (GFCIs) extend the capabilities of standard GFCIs to the detection of ground leakage currents in all stages of power conversion equipment, from simple rectifiers to sophisticated variable frequency drives. LifeGuard series GFCIs can detect both AC and DC ground leakage current. A wide range of voltages, load amperages, and options are available. LifeGuard GFCIs are simple to install and require a minimal amount of connections.

    Magic Lite 2013 Ltd. announces its new selection of decorative lighting options for a multitude of applications, providing designer quality light solutions while maintaining tremendous energy saving. The ever expanding selection of LED lighting solutions now includes brand-new Vanity Lights, Wall Sconces and Ceiling lights for a variety of uses including residential, commercial and the hospitality industry.

    LSI Industries will proudly unveil its newest gas station canopy fixture in the Scottsdale® family – the Scottsdale® Vertex™ – at the upcoming NACS/PEI tradeshow from October 18th - 20th. LSI established its reputation over 40 years ago based largely on the strengths of its lighting innovations for gas stations and convenience stores. The new, best-in-class Scottsdale Vertex LED canopy fixture further demonstrates how LSI continues to pioneer innovations for gas stations to this day. It features advanced silicone optics, multiple lumen packages, and an attractive, low-profile design.

    The new WAGO smartCUTTER automates cutting of marking material on the WAGO smartPRINTER. WAGO’s thermal transfer printer, already the fastest terminal block labeling system in the industry, is now even faster with automatic cutting.

    The compact smartPRINTER (Version 1.1) prints and cuts a wide range of marking materials for terminal blocks, cables or conductors and devices. Download the smartDATA brochure for information, and for more on the latest from WAGO, visit www.wago.us/news.

    www.wago.us

  • Product Safety Alert