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Ballard Power Systems (BLDP) Approx $1M Licensing And Engineering Services Deal, InterOil (IOC) $525.6M Certain Assets Sale

|Includes: Ballard Power Systems, Inc. (BLDP), IOC

https://static.seekingalpha.com/uploads/2014/6/30/saupload_bldp.jpg Ballard Power Systems Inc. (NASDAQ:BLDP)

BLDP reported that it has signed a definitive agreement for the sub-license of its intellectual property to M-Field Energy Corporation for material handling systems to be deployed in Europe. BLDP will also provide M-Field with Engineering Services support into early-2015 through Dantherm Power A/S, the Company's subsidiary in Denmark, to assist in optimizing system integration activities utilizing BLDP fuel cell stacks.

The agreement has a value of approximately $1 million.

Also under the agreement, BLDP will be the exclusive supplier of fuel cell stacks - including the FCgen(NYSE:TM)-1020ACS air-cooled and FCvelocity(TM)-9SSL liquid-cooled stack products - for all material handling systems deployed by M-Field in Europe.

https://static.seekingalpha.com/uploads/2014/6/30/saupload_bldpch.png

BLDP provides clean energy fuel cell products enabling optimized power systems for a range of applications.

More about Ballard Power Systems Inc. (BLDP) at www.ballard.com.

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https://static.seekingalpha.com/uploads/2014/6/30/saupload_ioc.jpg InterOil Corporation (NYSE:IOC)

IOC reported the sale of companies that hold its Papua New Guinea oil refinery and petroleum products distribution businesses to Singapore-based Puma Energy Group Pte for US$525.6 million, which includes adjustments for cash and working capital.

IOC's COO said the sale followed an unsolicited approach from Puma Energy and a strategic review by IOC of options for the best allocation of capital.

According to IOC, its upstream and LNG business has become core to the company's growth and, as a result of the success the company has had in discovering and monetizing gas, the time is right to focus on this part of its business.

https://static.seekingalpha.com/uploads/2014/6/30/saupload_iocch.png

IOC is an independent oil and gas business with a primary focus on Papua New Guinea. IOC's assets include one of Asia's largest undeveloped gas fields, Elk-Antelope, in the Gulf Province, and exploration licences covering about 16,000sqkm.

More about InterOil Corporation (IOC) at www.interoil.com

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Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.