Ballard Power Systems Inc (BLDP)

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Mr. MacEwen continued, "Looking forward, a key business driver will continue to be the compelling value proposition offered by zero-emission fuel cell electric vehicles, or FCEVs, in numerous Heavy Duty Motive use cases. This is particularly true where vehicles must deal with long range or long hours of operation. In these situations FCEVs can deliver key financial and operational benefits while also addressing the limitations of a battery-only design, through extended range, rapid refueling and full route flexibility.

"As a result, we are seeing early adoption of fuel cell products for an expanding array of Heavy Duty FCEV applications, from mass transit buses to commercial trucks and trains. At the same time, fuel cell product adoption is also broadening globally, encompassing China, Europe, the U.S. and Japan. This growing product traction, combined with embedded optionality inherent in our Technology Solutions business – including opportunities in the automotive and drone markets – uniquely position Ballard to leverage the worldwide trend toward zero-emission transportation for the benefit of shareholders."