Replies to post #1329 on Ballard Power Systems Inc (BLDP)

[kelvin777]

I don't know what is the revenue stream from Raymond. All the info I got is this:

Raymond Corp and Ballard Power Sign Joint Development Agreement for Fuel Cell Lift Truck Research and Development
April 21, 2008 - 12:00 PM EDT

The Raymond Corporation, a leading North American manufacturer of materials handling solutions, has signed a joint development agreement with Ballard Power Systems (TSX: BLD)(NASDAQ: BLDP), a world leader in zero-emission hydrogen fuel cells, to commence research on lift truck designs, with the goal of developing a prototype using the next-generation of Ballard's Mark9 SSL(TM) fuel cell product technology to power Raymond® lift trucks.

"Raymond is committed to demonstrating the advantages that hydrogen fuel cells can offer the materials handling industry," says James Malvaso, president and CEO for The Raymond Corporation. "This partnership will further enhance our research into fuel cell-powered lift trucks and help uncover additional value related to the merging of these technologies."

The Raymond Corporation began a three-year research program of hydrogen fuel cells in January 2007 by using Raymond's Greene manufacturing facility as a "living lab". The research includes using hydrogen fuel cell-powered Raymond® lift trucks in real applications including an indoor, fast-fill hydrogen refueling system.

Advantages of a fuel cell solution over batteries have been shown to include: increased uptime; consistent power; longer runtime; and elimination of battery storage. These advantages create tangible economic and operational benefits. In addition, fuel cells are a clean technology, producing zero emissions while removing the need to handle and dispose of lead acid batteries.

"We are pleased to partner with an important materials handling equipment manufacturer of Raymond's caliber," says John Sheridan, president and CEO of Ballard. "Raymond has a deep understanding of end-user needs, and we believe that a successful prototype could represent the first important step toward purpose-built fuel cell lift trucks."