BRITISH COLUMBIA

Ballard ships first 100 fuel cells to South Africa, Southeast Asia distributors

09/26/2012 07:36 EDT | Updated 11/26/2012 05:12 EST
VANCOUVER - Ballard Power Systems says it has shipped the first 100 ElectraGen fuel cells to distributors in Southeast Asia and South Africa.

The Vancouver-based firm (TSX:BLD) announced in August it had recieved an order from Cascadiant Inc. for 102 fuel cell power generation systems to provide back-up power to two Indonesian wireless companies.

Earlier this month, Ballard signed a deal to supply Inala Technologies, its new African distributor, with up to 192 methanol fuelled power systems.

The shipments follow Ballard's acquisition of some assets belonging to IdaTech, a long-time customer of the fuel-cell maker.

Methanol is plentiful around the world, so cells that run on that fuel are a good way to provide backup power in remote locations, Ballard said.

Ballard shares closed down nearly seven per cent to 70 cents on the Toronto Stock Exchange Wednesday.