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Ballard Reports Q1 2021 Results, $1.3 Billion Cash Reserves


Strong market interest reflected in high level of commercial activity
Burnaby, BC, May 11, 2021 (T-Net)
Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) today announced consolidated financial results for the first quarter ended March 31, 2021. All amounts are in U.S. dollars unless otherwise noted and have been prepared in accordance with International Financial Reporting Standards (IFRS).
Supported by a strengthening policy backdrop and increased customer engagement, we have clearer line of sight on long-term growth in our core medium- and heavy-duty motive applications of bus, truck, rail and marine,
said Randy MacEwen, President and CEO. As a result, 2021 will be marked by increased and accelerated investment ahead of market tipping points. Bolstered by a fortified balance sheet, we will deepen our investments in talent, technology, products, advanced manufacturing, localization and customer experience. ....

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Ballard to Power Sierra Northern Railway Switching Locomotive in California


Ballard to Power Sierra Northern Railway Switching Locomotive in California
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VANCOUVER, BC, April 19, 2021 /PRNewswire/ - Ballard Power Systems (TSX: BLDP) (NASDAQ: BLDP) today announced the Company s plans to provide fuel cell modules to Sierra Northern Railway (Sierra; www.sierranorthern.com) – the freight division of privately-owned Sierra Energy Corporation, operating in Northern California – to power a zero-emission switching locomotive. A purchase order for the fuel cell modules is expected to be issued by Sierra by mid-year 2021. The pilot program will be partially funded by a $4-million award from the California Energy Commission. ....

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