Ballard Signs Agreement with Heliocentris Energy

April 19, 2004 by Jeff Shepard

Ballard Power Systems Inc. (Vancouver, BC, Canada) has named Heliocentris Energy Systems (Berlin-Adlershof, Germany) as a distributor in North America and Europe of Ballard’s AirGen™ portable fuel cell generator and Nexa® fuel cell power module. At current product pricing, the deal is valued at a minimum of approximately $1.25 million.

Specializing in fuel cell materials and curriculum packages for leading-edge educational institutions, Heliocentris will purchase AirGen portable fuel cell generators and/or Nexa power modules over the next two years for incorporation into their product line for post-secondary institutions. Heliocentris will offer three packages: Ballard’s Nexa power module with Course Material and Nexamon™ software, Ballard’s AirGen portable fuel cell generator, and a complete package consisting of the Nexa power module, AirGen fuel cell generator, Course Material and Nexamon software.