for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up
Company News

BRIEF-Ballard says to divest some non-core assets​ at Protonex subsidiary

Jan 4 (Reuters) - Ballard Power Systems Inc:

* BALLARD ANNOUNCES NARROWED FOCUS AND FURTHER COST REDUCTIONS AT PROTONEX SUBSIDIARY

* BALLARD POWER SYSTEMS - IMPLEMENTED CERTAIN CHANGES AT PROTONEX, INCLUDING TO NARROW AND SHARPEN FOCUS OF BUSINESS BY DIVESTING SOME NON-CORE ASSETS

* ACTIONS ARE EXPECTED TO YIELD ANNUALIZED COST SAVINGS OF $2.6 MILLION

* SAYS DIVESTITURE IS EXPECTED TO YIELD ANNUALIZED COST SAVINGS OF $1.4 MILLION PER YEAR Source text for Eikon: Further company coverage:

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up