BUZZ-Ballard Power Systems Inc: To provide fuel-cell system

Wed Jul 22, 2015 8:20am EDT
 
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** Canadian fuel-cell product maker's U.S.-listed shares up 6 pct at $1.60 premarket

** Company to provide 1 MW ClearGen fuel cell distributed generation system for Hydrogene de France

** Says system to be deployed at Akzo Nobel NV's sodium chlorate chemical plant in Bordeaux Metropole, France

** Says to provide engineering services support for program

** Ballard to get initial payment of 1.7 mln euros ($1.9 mln) for first phase and additional 1.7 mln euros for second phase

** Up to Tuesday's close, stock had fallen nearly 24 pct this year

($1 = 0.9161 euros)