VANCOUVER, BRITISH COLUMBIA, Jan 31, 2008 (MARKET WIRE via COMTEX News Network) -- All Amounts in U.S. Dollars, Unless Otherwise Noted
Ballard Power Systems (TSX: BLD)(NASDAQ: BLDP) confirmed that the
previously announced transaction to sell the company's automotive
fuel cell assets to Daimler AG and Ford Motor Company closed today as
About Ballard Power Systems
Ballard Power Systems Inc. (TSX: BLD)(NASDAQ: BLDP) is recognized as
a leader in the development, manufacture and sale of hydrogen fuel
cells. Ballard's mission is to make fuel cells a commercial reality.
To learn more about what Ballard is doing with Power to Change the
World(R), visit www.ballard.com.
This release contains forward-looking statements that are based on
the beliefs and assumptions of Ballard's management and reflect
Ballard's current expectations as contemplated under section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities and Exchange Act of 1934, as amended. Such assumptions
relate to our financial forecasts and expectations regarding our
product development efforts, manufacturing capacity, and market
demand. These statements involve risks and uncertainties that may
cause our actual results to be materially different, including,
without limitation, the rate of mass adoption of our products,
product development delays, changing environmental regulations, our
ability to attract and retain business partners and customers, our
access to funding, increased competition, our ability to protect our
intellectual property, changes in our customers' requirements, and
our ability to provide the capital required for product development,
operations and marketing. Readers should not place undue reliance on
Ballard's forward-looking statements and Ballard assumes no
obligation to update or release any revisions to these forward
looking statements. For a detailed discussion of the risk factors
that could affect Ballard's future performance, please refer to our
most recent Annual Information Form.
For further information, or to arrange an interview with a Ballard
spokesperson, please call Rebecca Young at 604-454-0900. Ballard, the
Ballard logo, Power to Change the World and Mark 9 SSL are registered
trademarks of Ballard Power Systems Inc.
Ballard Power Systems Inc.
(604) 412-4700 (FAX)
SOURCE: Ballard Power Systems Inc.