Ballard and AUDI modifies terms of use for fuel cell stack for vehicle propulsion

  • Ballard Power Systems (NASDAQ:BLDP) has amended a Technology Development Agreement and a Patent License Agreement signed with AUDI AG related to the non-binding Memorandum of Understanding to expand its right to use the FCgen-HPS product.
  • FCgen-HPS is a high-performance, zero-emission, proton exchange membrane (PEM) fuel cell stack in all applications, including commercial trucks and passenger cars.
  • The product was designed and developed to stringent automotive standards in the company's Technology Solutions program with AUDI AG.
  • Ballard has 3 platforms of liquid cooled stacks to address all mobility applications:
  • Shares up 8% after-hours.
  • Previously: Ballard introduces high-power density fuel cell stack for vehicle propulsion; signs MoU with AUDI (Sept. 15)

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