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Article: Ballard Power Systems to Acquire Fuel Cell Generator Assets From Coleman Powermate.
- Article from:
- Business Wire
- Article date:
- February 19, 2003
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Business Editors
VANCOUVER, British Columbia--(BUSINESS WIRE)--Feb. 19, 2003
Ballard to Develop Strategy to Advance the
Introduction of Fuel Cell Generator
Ballard Power Systems (NASDAQ:BLDP)(TSX:BLD) and Coleman Powermate, Inc., have entered into a Memorandum of Understanding whereby Ballard will purchase Coleman Powermate's AirGen(TM) fuel cell generator assets. Ballard will acquire all related inventory, tools and molds, software and intellectual property, including the AirGen(TM) brand, and will develop its own sales, marketing and distribution strategy for the fuel cell generator. The Memorandum of Understanding is subject to ...