Ballard Power Systems (Toronto:BLD.TO; NasdaqGM:BLDP) today announced it has signed a two-year supply agreement with Danish system integrator H2 Logic A/S, to supply fuel cells for products developed for the materials handling market.
"This agreement with H2 Logic is evidence of the growing interest in fuel cell-powered forklift solutions," said Mike Rosenberg, Ballard’s Director, Materials Handling. "Ballard continues to build a solid set of customer relationships in the materials handling space. This is our first strategic relationship with a European system integrator actively engaged in this market. While volumes under this supply agreement will be small initially, we see strong growth potential with H2 Logic."
Under the agreement, H2 Logic will purchase two fuel cell products from Ballard and integrate these into fuel cell hybrid systems targeted for various materials handling vehicles such as forklifts for warehouses and distributions centers.
"Ballard’s technology has proven itself in terms of performance, reliability and ease of integration," said Mikael Sloth, Business Development Manager at H2 Logic. "We are excited to develop and commercialize H2 Logic’s next generation of fuel cell hybrid systems for materials handling with Ballard as a strategic supplier."
About Ballard Power Systems
Ballard Power Systems is recognized as a world leader in the design, development, manufacture and sale of zero-emission hydrogen fuel cells. Ballard’s mission is to make fuel cells a commercial reality.
About H2 Logic A/S
H2 Logic is a world leading developer of Motive Power Solutions consisting of a Fuel Cell Hybrid System and a supporting Hydrogen Refueling that can satisfy the need of motive power in various transport applications. www.h2logic.com.
Loading...