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Stock Market & Financial Investment News

News Breaks
January 31, 2013
17:02 EDTBLDPBallard Power sells U.S. material products division
Ballard Power Systems (BLDP) has announced the closing of an agreement to sell the company's Material Products division, located in Lowell, MA for up to $12M. Of this amount, $10.5M was paid to Ballard in cash on closing, with the remainder payable on the basis of 2013 financial results associated with the Material Products division. Substantially all the assets of the Material Products division were purchased by investment group ALY Holdings in partnership with the division's senior management, through AvCarb, a new company formed as a result of the transaction. BMO Capital Markets acted as exclusive financial advisor to Ballard throughout the divestiture process.
News For BLDP From The Last 14 Days
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October 9, 2014
09:20 EDTBLDPOn The Fly: Pre-market Movers
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October 8, 2014
19:56 EDTBLDPBallard Power up 6.4% after hours following supply agreement with Plug Power
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19:17 EDTBLDPBallard Power signs multi-year fuel cell supply agreement with Plug Power
Ballard Power Systems (BLDP) announced that it has signed a long term supply agreement with Plug Power (PLUG) to provide fuel cell stacks for use in GenDrive systems deployed in forklift trucks. The new supply agreement replaces an existing agreement and creates the opportunity for Ballard to remain in a leading supply position for fuel cell stacks in Plug Power's GenDrive systems. The new agreement is effective immediately and runs to the end of 2017, with the provision for two 1-year extensions.

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