Mr. John Sheridan reports

BALLARD SIGNS MOU WITH TATA MOTORS TO POWER CLEAN FUEL CELL BUS DEMONSTRATIONS IN INDIA

Ballard Power Systems Inc. has signed a non-binding memorandum of understanding with Tata Motors (India) for 12 FCvelocity-1100 fuel cell stacks. These stacks are expected to power zero-emission buses planned for demonstration in various Indian cities. Delivery to Tata Motors is planned for 2012 and 2013, in line with the company's plans.

Tata Motors, one of the world's largest bus OEMs (original equipment manufacturers), displayed the first fuel cell bus built in India at Auto Expo 2012 held in New Delhi, Jan. 6 to Jan. 11, 2012. The bus is powered with a Ballard FCvelocity-1100 fuel cell stack, previously delivered to Tata Motors in 2011.

P.M. Telang, managing director (India operations) at Tata Motors, said: "We strive to be leaders in the use of technology, while maintaining very high standards of product quality. Working with technology companies such as Ballard only strengthens our ability to design and market the wheels of a greener world here in India."

Tata Motors is part of the Tata Group, a pioneer in India's automotive industry, and has previous bus system integration experience working with Ballard fuel cell products. Tata Motors' plan to supply fuel cell buses for testing and demonstration in revenue service is supported by the government of India's Department of Scientific and Industrial Research under the Technology Development and Demonstration Program.

John Sheridan, Ballard's president and chief executive officer, said: "We are very pleased to have signed this MOU with India's premier bus manufacturer for Tata's upcoming zero-emission bus testing program. This is additional validation of the mature state of our products and of the growing global market for clean-energy transit buses."

Ballard FCvelocity-1100 fuel cell stacks are based on a design that is ideal for use in heavy duty vehicles. FCvelocity-1100 fuel cell stack technology is at the heart of the company's FCvelocity-HD6 fuel cell module, a plug-and-play power solution used by bus OEMs around the world.

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