Ballard teams with Inala Technologies to bring fuel cells to Africa
Ballard and Inala Technologies team to distribute new fuel cell systems Ballard Power Systems, a leading developer of hydrogen fuel cells, has announced that it has signed an equipment supply agreement with Inala Technologies, a developer of test and measurement equipment. According to the agreement, Inala Technologies will be responsible for distribute Ballard fuel cells throughout the African market. Inala Technologies will serve as distributor for Ballard’s ElectraGenTM-ME methanol fuel cells through October 2013. Approximately 192 of these systems are expected to be distributed throughout…
Ballard and Inala Technologies team to distribute new fuel cell systems
Ballard Power Systems, a leading developer of hydrogen fuel cells, has announced that it has signed an equipment supply agreement with Inala Technologies, a developer of test and measurement equipment. According to the agreement, Inala Technologies will be responsible for distribute Ballard fuel cells throughout the African market. Inala Technologies will serve as distributor for Ballard’s ElectraGenTM-ME methanol fuel cells through October 2013. Approximately 192 of these systems are expected to be distributed throughout the continent.Ballard continues to show financial promise
Ballard is one of the few companies in the fuel cell industry that is verging on profitability. The company has seen significant financial success over the past two years, which has been punctuated by significant losses as well. Despite some troubles, Ballard has come very close to attaining profitability and had recently adopted a new focus on developing fuel cells for the materials handling sector. The agreement between Ballard and Inala represents the company’s continued effort to expand into new markets.