Ballard Signs $16.5 Million Supply Agreement with Honda

April 04, 2001 by Jeff Shepard

Ballard Power Systems (Canada) announced that it has signed a $16.5 million supply agreement with Honda R&D Co. Ltd. (Japan), for Mark 900 Series fuel-cell power modules and support services. Under the terms of the supply agreement, Ballard will supply Honda with fuel cells and related services through 2002. The first delivery of fuel cells under the agreement was made in February, 2001.

“We are proud to receive this significant order for Ballard fuel cells from Honda as it forges ahead with its fuel cell development program," said Ballard chairman and CEO Firoz Rasul. “We are working hard to ensure our long-standing relationship with Honda continues to flourish."