Ballard Power Systems (Toronto:BLD.TO; NasdaqGM:BLDP), an industry leader in fuel cell products announced that it has signed a five-year agreement with New Flyer Industries Inc. to supply fuel cell modules for use in New Flyer shuttle buses.
As part of this agreement, the companies said they will also combine efforts toward the joint preparation of bids for transit agency shuttle bus programs, with an initial focus on publicly-funded programs in Canada.
New Flyer Industries Inc. claims to be the leading manufacturer of heavy-duty transit vehicles in Canada and the United States.
According to Ballard, New Flyer will develop and manufacture a shuttle bus specifically suited for Ballard’s fuel cell technology and Ballard’s existing fuel cell module will be integrated into the New Flyer shuttle bus chassis.
Shuttle buses are smaller and lighter than full-size buses–typically less than thirty-two feet in length–and are intended for use in a range of growing applications, such as community feeder routes, where their reduced noise profile and emission-free operation is highly valued.
John Sheridan, President and CEO of Ballard said, "New Flyer has demonstrated its leadership through successful commercialization of hybrid-electric buses across Canada and the United States. We have worked very closely together in the past and are working with New Flyer now toward delivery of twenty 40-foot heavy-duty fuel cell buses to BC Transit. This new agreement will enable both companies to address what could be an important emerging market opportunity."
In 2007, New Flyer was awarded a contract by BC Transit for the world’s largest fleet of hydrogen fuel cell buses, and Ballard was named as the fuel cell technology provider.
About Ballard Power Systems
Ballard Power Systems Inc. is recognized as a leader in the development, manufacture sale and servicing of hydrogen fuel cells. Ballard’s mission is to make fuel cells a commercial reality.
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