Ballard, ACME, IdaTech Enter Fuel Cell Supply Agreement

which designs, develops, manufactures and sells clean energy fuel cell products, reportedly has signed high-volume development and supply agreement with an affiliate of the ACME Group and IdaTech LLC, to supply net 5kW natural gas fuel cell products. Under the deal, Ballard will be the exclusive supplier providing fuel cell products to IdaTech for integration into natural gas-fuelled systems. ACME and IdaTech will jointly manufacture and assemble these systems for telecom backup power applications in India, according to the companies. The agreement provides a binding commitment for the purchase of approximately 1,000 units in 2009 and 9,000 units in 2010, subject to meeting product design and acceptance specifications. John Sheridan , Ballard’s president and chief executive officer, said that the agreement represents a step... [read full story]