Ballard Power Systems Inc (BLDP)

[kelvin777]

Look at the report and see how small the revenue from PLUG.

(ii) Material Handling • Q4 revenue of $2.0 million and full year revenue of $6.5 million, an increase of 5%. • While full year 2013 revenue was relatively flat year-over-year, Ballard’s partner – Plug Power – has solidified its financing and recently reported a significant increase in its order book, including repeat orders from Walmart, Kroger, BMW and Mercedes-Benz.

Ballard does not need PLUG. It will do fine with IP licensing, BUs, Engineering services and Telecom Backup Power.

There are more to come from Ballard. Suppose to announce 2 Telecom Backup news and a car announcement maybe before the CC or on the same day.