![[News_Image]](ShowImage/News_Image_Width/News_Image_Base/-143746244ballard400x200.gif.aspx "Ballard and Plug Power Extend Supply Agreement") Ballard and Plug Power Extend Supply AgreementPlug Power Ballard Power Systems have announced that the two companies have extended their existing supply agreement, effective immediately, through 2014. Ballard will remain the exclusive supplier of fuel cell stacks for Plug Power's full suite of GenDrive power units.In addition, Plug Power will become the exclusive systems integrator for Ballard's fuel cell stack into solutions addressing the material handling market in North America. The previous agreement was due to expire December 31, 2010.
With over 85% market share in the material handling space, this agreement will allow Plug Power and Ballard continued leadership as the pre-eminent providers of fuel cell energy products in this industry. This agreement will also help solidify the two company's joint corporate commitment to revolutionize the material handling market with highly productive, clean energy technology.
Ballard has been the exclusive fuel cell stack supplier for Plug Power's GenDrive product line since 2008. GenDrive is a superior power alternative to lead-acid batteries in electric material handling vehicles. Using GenDrive, customers in grocery, retail, warehousing and manufacturing facilities can increase productivity, lower operational costs and decrease greenhouse gas emissions within their operations.
Understanding the value provided by GenDrive, leading material handling organizations have implemented this sustainable power solution in their operations. These customers include Walmart Canada, United Natural Foods, Inc., Sysco Houston, FedEx Freight, Wegmans, and Whole Foods.
Source: www.plugpower.comEnd
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