Ballard Receives NASDAQ Notice Regarding Non-Compliance

Ballard Power Systems BLDP today announced that it received a notice on October 5, 2012 from the NASDAQ Stock Market LLC. The notice stated that the Company was not in compliance with NASDAQ Marketplace Rule 5450(a)(1) because the bid price of the Company's common stock closed below the required minimum $1.00 per share for the previous 30 consecutive business days. The NASDAQ notice has no immediate effect on the listing of the Company's common stock. In accordance with NASDAQ rules, Ballard has a period of 180 calendar days, until April 3, 2013, to regain compliance with the minimum bid price rule. If at any time before April 3, 2013, the bid price of the Company's common stock closes at $1.00 per share or more for a minimum of 10 consecutive business days, NASDAQ will notify the Company that it has regained compliance with the minimum bid price rule. The Company is currently reviewing options with respect to regaining such compliance.  If Ballard cannot demonstrate compliance with Rule 5450(a)(1) by April 3, 2013, NASDAQ will provide notice to Ballard that its securities may be delisted. At that time, Ballard may appeal NASDAQ's decision to See full press release