VANCOUVER, BC and ISTANBUL – August 3, 2023 – (Investorideas.com Newswire) Ballard Energy Programs (NASDAQ: BLDP) (TSX: BLDP) at this time introduced the signing of a letter of intent (LOI) with Ford Vans to produce a gas cell system as a part of the event of a hydrogen gas cell powered car prototype. The partnership consists of an preliminary buy order for two FCmove™-XD 120 kW gas cell engines which are deliberate to be delivered by Ballard to Ford Vans in 2023.
Ford Vans, the worldwide model of Ford Otosan, plans to develop a Gasoline Cell Electrical Car (FCEV) F-MAX as a part of the undertaking. The 120 kW FCmove-XDTM gas cell engines are deliberate to be built-in into Ford Vans’ F-MAX 44-ton long-haul tractor truck. Ford Vans plans to construct and assemble the gas cell-powered F-MAX in Turkey and goals to start European Ten-T hall demonstrations in 2025 as a part of the European Union’s Horizon Europe ZEFES (Zero Emission Freight EcoSystem) undertaking objectives. As per the LOI, upon the profitable completion of the event program and topic to sure different situations, Ballard could also be named as the popular provider for the serial manufacturing of the gas cell-powered F-MAX.
Within the ZEFES undertaking, 4 truck OEMs, two trailer OEMs, suppliers, logistic operators, and analysis companions will work collectively in the direction of the general aim of accelerating the mixing of ZEVs for lengthy distance heavy transport. This work plans to deal with effectivity enhancements, mass manufacturing capabilities, and demonstrating using the applied sciences in every day operations. In 2025, 9 completely different car ideas (4 FCEV and 5 BEV) are anticipated to run over 1 million kilometers throughout EU corridors in actual every day operations, guided and validated by a digital platform (to be developed inside the undertaking). This undertaking is anticipated to be a major step ahead for ZEV adoption within the freight transport ecosystem. Automobiles are anticipated to hold over 40 tonnes for distances as much as 750 km, averaging 500 km in every day operation.
“We’re thrilled to be partnering with Ford Vans to facilitate market adoption in Europe. We look ahead to validating Ballard as their most popular gas cell provider and to help the mixing of their heavy-duty truck platform,” stated David Mucciacciaro, Ballard Chief Business Officer. “Ford Vans is a vital ‘platform’ win for Ballard and a key companion for our excessive progress potential truck vertical. We’re excited by their ambition in the direction of scaled deployments of F-MAX gas cell vans. Our FCmove-XDTM is an impressive match for the vary, refueling, payload, and packaging necessities of long-haul tractor prospects.”
“At Ford Vans, we put money into different applied sciences that can outline the car business’s future in accordance with our sustainability goals. Electrification, adopted by hydrogen expertise, is one in all our high priorities. Our first Gasoline Cell Electrical-powered Car F-MAX, which we’ll develop as a part of the ZEFES undertaking, will likely be a major milestone. We’re thrilled to be working with Ballard on this important undertaking. This long-term relationship will generate monumental worth sooner or later. Now we have a variety of promising technological abilities and capabilities, and our work is progressing shortly and efficiently. As Ford Vans, we’ll proceed to pioneer future sustainable transportation applied sciences with R&D investments,” stated Ford Vans’ Vice President Emrah Duman.
About Ballard Energy Programs
Ballard Energy Programs’ (NASDAQ: BLDP; TSX: BLDP) imaginative and prescient is to ship gas cell energy for a sustainable planet. Ballard zero-emission PEM gas cells are enabling electrification of mobility, together with buses, business vans, trains, marine vessels, and stationary energy. To study extra about Ballard, please go to www.ballard.com.
This launch accommodates forward-looking statements regarding anticipated product efficiency and different traits, product deliveries and deployments. These forward-looking statements mirror Ballard’s present expectations as contemplated below part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Trade Act of 1934, as amended. Any such forward-looking statements are primarily based on Ballard’s assumptions regarding its monetary forecasts and expectations concerning its product growth efforts, manufacturing capability, and market demand.
These statements contain dangers and uncertainties that will trigger Ballard’s precise outcomes to be materially completely different, together with basic financial and regulatory adjustments, detrimental reliance on third events, efficiently reaching our enterprise plans and reaching and sustaining profitability. For an in depth dialogue of those and different danger elements that might have an effect on Ballard’s future efficiency, please consult with Ballard’s most up-to-date Annual Info Type. Readers mustn’t place undue reliance on Ballard’s forward-looking statements and Ballard assumes no obligation to replace or launch any revisions to those forward-looking statements, aside from as required below relevant laws.
About Ford Vans
Ford’s solely heavy business model, Ford Vans produces a variety of autos together with tractors, development vans and distribution vans weighing over 16 tons. Our ‘2019 Worldwide Truck of the Yr (IToY)’ award-winning F-MAX has introduced important acclaim and excessive international demand. Ford business autos’ confirmed monitor file of high quality, sturdiness and effectivity underpins Ford Vans’ worldwide product technique primarily based on one of the best complete value of possession promise. At Ford Vans, we mix greater than half a century of design and manufacturing expertise with experience in market-specific product growth, to engineer the principle parts of our autos, together with the all-new engines. We at present function throughout Europe, the Center East, Africa and the CIS, and proceed to develop our worldwide community in 3 continents. A whole lot of hundreds of vans all world wide set out each day with the boldness that Ford supplies. For extra details about Ford Vans and its merchandise worldwide, please go to www.fordtrucksglobal.com.
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