| Business Summary | | Ballard
Power
Systems,
Inc.
develops
and
commercializes
proton
exchange
membrane
(PEM)
fuel
cells
and
fuel
cell
systems.
A
PEM
fuel
cell
is
an
environmentally
clean
power
generator,
which
combines
hydrogen
fuel
(which
can
be
obtained
from
methanol,
natural
gas
or
petroleum)
with
oxygen
(from
air),
without
combustion,
to
produce
electricity,
with
pure
water
and
heat
as
the
only
byproducts.
It
is
an
electrochemical
device
that
produces
electricity
efficiently,
and
continuously,
as
long
as
fuel
is
supplied.
Along
with
its
alliance
partners,
the
Company
is
developing
PEM
fuel
cell
and
PEM
fuel
cell
system
products
for
applications
in
the
transportation,
stationary
power
and
portable
markets. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Ballard
Power
Systems
is
engaged
in
the
development
and
commercialization
of
proton
exchange
membrane
fuel
cells
and
related
power
generation
systems
for
stationary,
transportation
and
other
applications.
For
the
six
months
ended
6/30/01,
revenues
rose
47%
to
C$40.8
million.
Net
loss
rose
90%
to
C$63.4
million.
Results
reflect
increased
sales
of
fuel
cells
to
auto
manufacturers
and
company
partners,
offset
by
increased
R&D
activities
undertaken
by
associated
companies. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Firoz Rasul | Chairman,
CEO | Layle Smith | Pres,
COO, Director | Paul Lancaster | VP-Fin. | Eamonn Percy | VP-Operations | Noordin Nanji | VP,
Strategic Devel., Sec. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|