Ballard Denies Rumour of Indian Investment

Ballard Power Systems BLDP announced that it has received a number of inquiries related to recent media reports claiming that Ballard is considering a significant investment in an Indian corporation. Ballard has no current plan or intention of effecting any such transaction and indeed, has not had any contact with the identified company. While Ballard's normal policy is not to respond to market rumours, the extensive distribution this erroneous report is receiving necessitated this response by Ballard.