Ballard Announced 100-million-kilometer Milestone

VANCOUVER, BC – Ballard Power Systems announced that the Company’s proton exchange membrane (PEM) fuel cell technology and products have now powered Fuel Cell Electric Vehicles – or FCEVs – in commercial Heavy- and Medium-Duty Motive applications for an industry-leading cumulative total of more than 100 million kilometers on roads around the globe.

In just twelve months, Ballard has more than doubled its on-the-road kilometers in service. The pace of growth of Ballard’s field experience is running in parallel to the global growth in supportive hydrogen policy and investment.

Mr. Randy MacEwen, President and Chief Executive Officer said, “Ballard’s proven in-service experience continues to be a compelling value proposition for our customers as it provides confidence in our technology, product durability, and total cost of ownership. Our recent announcement of the 8^th generation FCmove^TM-HD+ heavy duty engine, and its significant technological advancements, is illustrative of the continued learnings and technological evolution of our products that directly result from in-field applications. Leveraging this knowledge and translating it into technological advancement enables us to maintain industry leadership while improving ease of integration for our customers.”

Ballard fuel cells currently power approximately 3,500 buses and trucks, providing zero-emission mobility solutions in nearly a dozen countries around the world.

Mr. MacEwen continued, “As Ballard technology continues to see broad reaching adoption and increasing field testing with key industry partners and customers, we are well positioned to continue to play a leading role in the deployment and proliferation of hydrogen fuel cell technologies. We continue to be focused on medium and heavy-duty motive applications of bus, truck, rail and marine where the value proposition of hydrogen fuel cells is expressed most strongly. FCEV technology offers long range capabilities and quick refueling, without compromising payload, which is optimal in return-to-base refueling applications.”