BUZZ-Ballard Power Systems Inc: Fuel cell deal with Chinese firm

Mon Sep 28, 2015 12:56pm EDT
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** Canadian fuel-cell product maker's shares up 9.2 pct at C$1.67; U.S.-listed shares up 8.5 pct at $1.27

** Company signs agreement with customer CRRC Qingdao Sifang Co Ltd to develop fuel cell engines for the Chinese trail transport equipment maker's low-floor trams

** Says agreement, expected to be valued at about $6 mln, includes delivery of 10 customized FCvelocity modules by 2016

** Up to Friday's close, Ballard's U.S.-listed stock had fallen nearly 41 pct and Toronto-traded stock 35 pct this year