Ballard Power Systems (BLDP) Announces New Distribution Agreements

Ballard Power Systems (NASDAQ: BLDP) announced that its partners IdaTech, LLC and ACME Group have terminated the existing supply agreement between the three parties and replaced it with a new, more flexible distribution agreement between IdaTech and ACME for fuel cell solutions for wireless telecom backup power in India.

Under the terms of this new agreement, Acme can distribute a range of IdaTech fuel cell products, focused on the natural gas system currently under development at IdaTech.

Ballard Power Systems (BLDP) is recognized as a world leader in the design, development, manufacture and sale of clean energy fuel cell products.