Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
03 August 2023 - 5:46PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
6-K
REPORT
OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of August 2023
Commission
File Number: 000-53543
Ballard
Power Systems Inc.
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(Translation
of registrant’s name into English) |
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9000
Glenlyon Parkway
Burnaby, BC
V5J 5J8
Canada |
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(Address of principal executive office) |
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Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
☐
Form 20-F ☒ Form 40-F |
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SIGNATURES
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Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized. |
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Ballard Power Systems Inc. |
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Date: August 3, 2023 |
By: |
/s/
Paul Dobson
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Name: |
Paul Dobson |
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Title: |
Chief Financial Officer |
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EXHIBIT INDEX
Exhibit 99.1
Ballard announces partnership with Ford Trucks
for fuel cell powered heavy-duty trucks & initial order
VANCOUVER, BC and ISTANBUL, Aug. 3, 2023 /CNW/ - Ballard
Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced the signing of a letter of intent (LOI) with Ford Trucks to supply a fuel cell
system as part of the development of a hydrogen fuel cell powered vehicle prototype. The partnership includes an initial purchase order
for 2 FCmove™-XD 120 kW fuel cell engines that are planned to be delivered by Ballard to Ford Trucks in 2023.
Ford Trucks, the global brand of Ford Otosan, plans
to develop a Fuel Cell Electric Vehicle (FCEV) F-MAX as part of the project. The 120 kW FCmove-XDTM fuel cell engines are planned
to be integrated into Ford Trucks' F-MAX 44-ton long-haul tractor truck. Ford Trucks plans to build and assemble the fuel cell-powered
F-MAX in Turkey and aims to commence European Ten-T corridor demonstrations in 2025 as part of the European Union's Horizon Europe ZEFES
(Zero Emission Freight EcoSystem) project goals. As per the LOI, upon the successful completion of the development program and subject
to certain other conditions, Ballard may be named as the preferred supplier for the serial production of the fuel cell-powered F-MAX.
In the ZEFES project, four truck OEMs, two trailer
OEMs, suppliers, logistic operators, and research partners will work together towards the overall goal of accelerating the integration
of ZEVs for long distance heavy transport. This work plans to focus on efficiency improvements, mass production capabilities, and demonstrating
the use of the technologies in daily operations. In 2025, nine different vehicle concepts (four FCEV and five BEV) are expected to run
over 1 million kilometers across EU corridors in real daily operations, guided and validated by a digital platform (to be developed within
the project). This project is expected to be a significant step forward for ZEV adoption in the freight transport ecosystem. Vehicles
are expected to carry over 40 tonnes for distances up to 750 km, averaging 500 km in daily operation.
"We are thrilled to be partnering with Ford Trucks
to facilitate market adoption in Europe. We look forward to validating Ballard as their preferred fuel cell supplier and to support the
integration of their heavy-duty truck platform," said David Mucciacciaro, Ballard Chief Commercial Officer. "Ford Trucks is
an important 'platform' win for Ballard and a key partner for our high growth potential truck vertical. We are excited by their ambition
towards scaled deployments of F-MAX fuel cell trucks. Our FCmove-XDTM is an outstanding match for the range, refueling, payload,
and packaging requirements of long-haul tractor customers."
"At Ford Trucks, we invest in alternative technologies
that will define the automobile industry's future in accordance with our sustainability aims. Electrification, followed by hydrogen technology,
is one of our top priorities. Our first Fuel Cell Electric-powered Vehicle F-MAX, which we will develop as part of the ZEFES project,
will be a significant milestone. We are thrilled to be working with Ballard on this critical project. This long-term relationship will
generate enormous value in the future. We have a wide range of promising technological talents and capabilities, and our work is progressing
quickly and successfully. As Ford Trucks, we will continue to pioneer future sustainable transportation technologies with R&D investments,"
said Ford Trucks' Vice President Emrah Duman.
About Ballard Power Systems
Ballard Power Systems' (NASDAQ: BLDP; TSX: BLDP) vision
is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility,
including buses, commercial trucks, trains, marine vessels, and stationary power. To learn more about Ballard, please visit www.ballard.com.
This release contains forward-looking statements concerning
anticipated product performance and other characteristics, product deliveries and deployments. These forward-looking statements reflect
Ballard's current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. Any such forward-looking statements are based on Ballard's assumptions relating to its financial forecasts
and expectations regarding its product development efforts, manufacturing capacity, and market demand.
These statements involve risks and uncertainties that
may cause Ballard's actual results to be materially different, including general economic and regulatory changes, detrimental reliance
on third parties, successfully achieving our business plans and achieving and sustaining profitability. For a detailed discussion of these
and other risk factors that could affect Ballard's future performance, please refer to Ballard's most recent Annual Information Form.
Readers should not place undue reliance on Ballard's forward-looking statements and Ballard assumes no obligation to update or release
any revisions to these forward-looking statements, other than as required under applicable legislation.
About Ford Trucks
Ford's only heavy commercial brand, Ford Trucks produces
a range of vehicles including tractors, construction trucks and distribution trucks weighing over 16 tons. Our '2019 International Truck
of the Year (IToY)' award-winning F-MAX has brought critical acclaim and high global demand. Ford commercial vehicles' proven track record
of quality, durability and efficiency underpins Ford Trucks' international product strategy based on the best total cost of ownership
promise. At Ford Trucks, we combine more than half a century of design and production experience with expertise in market-specific product
development, to engineer the main components of our vehicles, including the all-new engines. We currently operate across Europe, the Middle
East, Africa and the CIS, and continue to grow our international network in 3 continents. Hundreds of thousands of trucks all around the
world set out each and every day with the confidence that Ford provides. For more information about Ford Trucks and its products worldwide,
please visit www.fordtrucksglobal.com.
View original content to download multimedia:https://www.prnewswire.com/news-releases/ballard-announces-partnership-with-ford-trucks-for-fuel-cell-powered-heavy-duty-trucks--initial-order-301892311.html
SOURCE Ballard Power Systems Inc.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/August2023/03/c3213.html
%CIK: 0001453015
For further information: Ballard Power Systems: Kate Charlton - VP
Corporate Finance & Investor Relations, +1.604.453.3939 or investors@ballard.com
CO: Ballard Power Systems Inc.
CNW 08:45e 03-AUG-23
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