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Abstract
(CCNMatthews - May 7, 2007) - Ballard Power Systems (TSX:BLD)(NASDAQ:BLDP) today signed an initial two-year agreement with Plug Power Inc. (NASDAQ:PLUG) to supply fuel cell stacks for materials handling applications. This supply agreement follows Plug Power's announcement, earlier today, of its acquisition of General Hydrogen Corporation, and replaces Ballard's previous supply agreement with General Hydrogen. Plug Power also purchased Cellex Power Products, Inc. earlier this year. Both General Hydrogen and Cellex Power are Ballard customers in the materials handling market. Under this new agreement, Ballard will supply Plug Power with fuel cell stacks for all of Plug Power's commercial sales in the materials handling market (including the requirements of Cellex Power and General Hydrogen) through April 2009.