Ballard Power Systems Inc. (Vancouver, BC, Canada) announced that is has signed an equipment supply agreement with Cellex Power Products Inc. to deliver 27 Mk 902 4.8 kW fuel cells to Cellex for integration into its power units for its upcoming beta trials. Cellex's power products are designed to replace industrial lead-acid batteries in electric lift trucks used in high-throughput distribution centers.
"Our decision to focus our efforts on fuel cell development, leaving systems integration to others, is beginning to bear fruit. The flexibility of our Mk 902 fuel cell platform, which was developed for automotive applications, enables us to meet our customers' needs in multiple markets," said Ballard Marketing and Business Development Vice President Noordin Nanji. "We are excited to see this technology applied to the industrial vehicles market, and look forward to supporting Cellex in the successful implementation of field trials."
Ballard expects to begin unit deliveries in the third quarter of 2005. The term of the equipment supply agreement expires in the third quarter of 2006. If the field trials are successful, Ballard and Cellex intend to negotiate a follow-on supply agreement to support higher volumes in 2007 and beyond.
