Ballard's FCvelocity-9SSL

Ballard Power Systems Inc is sub-licensing intellectual property to M-Field Energy Corp for materials handling systems to be deployed in Europe.

Ballard will provide M-Field with engineering services support into early-2015 through Dantherm Power A/S, the Ballard subsidiary in Hobro, Denmark, to assist in optimising system integration activities utilising Ballard fuel cell stacks. The agreement has a value to Ballard of approximately CAD1 million (USD940,000).

"This deal furthers our three-level business model by leveraging engineering services and applicable IP in order to support the penetration of fuel cell products in a variety of geographic markets," says Steve Karaffa, chief commercial officer of Burnaby-based Ballard.

Previously, Ballard acquired the materials handling intellectual property portfolio of H2 Logic A/S of Herning, Denmark, a manufacturer of hydrogen refueling stations and fuel cell systems for applications such as forklifts and tow tractors. H2 Logic has made a strategic decision to narrow its business focus to hydrogen refueling stations.

Ballard is sub-licensing the portfolio of intellectual property to M-Field under a definitive agreement announced on 29 June.

Ballard will be the exclusive supplier of fuel cell stacks including the FCgen-1020ACS air-cooled and FCvelocity-9SSL liquid-cooled stack products for all materials handling systems that M-Field deploys in Europe. M-Field characterises itself as a sustainable energy company.

Ballard has production facilities in Burnaby and Tijuana, Mexico.