Ballard Power says to miss its 2014 revenue forecast

Fri Jan 2, 2015 8:45am EST
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Jan 2 (Reuters) - Canadian fuel-cell products maker Ballard Power Systems said it would miss its 2014 revenue and adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) forecast after it terminated two licensing deals.

Ballard said it would terminate two licensing agreements in China due to material breaches by Azure Hydrogen.

Beijing Azure Hydrogen Energy Science & Tech Corp is a China-based strategic partner of Ballard Power. (Reporting By Darshana Sankararaman in Bengaluru; Editing by Sriraj Kalluvila)