Ballard Leaps Ahead With Biggest Ever Supply Deal (at Seeking Alpha)

by: Greentech Media October 12, 2008 | about stocks: BLDP to wireless telecom base stations in India. The Vancouver-based company plans to sell the cells - 1,000 in 2009 and 9,000 in 2010 - to a new joint venture between IdaTech, which makes fuel-cell systems, and the Acme Group, which sells green-energy and energy-efficiency systems to telecom companies and others. The cells are slated to provide backup power for Acme customers' wireless base stations, which connect calls to and from mobile phones. The agreement gives Acme exclusive rights to sell Ballard's fuel cells for stationary power applications in India and for telecom backup-power applications in the Middle East and Africa, except for South Africa. It's a big deal for Ballard. Guy McAree, director of corporate relations and strategic marketing, said it's the biggest... [read full story]