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Plug Power, Ballard extend fuel cell supply deal, targeting North American forklift market

US-based Plug Power and Ballard Power Systems in Canada have extended their existing supply agreement, to run through 2014. Ballard will remain the exclusive supplier of PEM fuel cell stacks for Plug Power’s full suite of GenDrive™ fuel cell power units for material handling applications.

In addition, Plug Power will become the exclusive systems integrator for Ballard fuel cell stacks into solutions addressing the material handling market in North America. The previous agreement was due to expire December 31, 2010.

With over 85% market share in the material handling space, the extended agreement will allow Plug Power and Ballard Power Systems to maintain their position as pre-eminent providers of fuel cell energy products for this industry. The agreement will also help solidify their joint corporate commitment to revolutionize the material handling market with productive, clean energy technology.

Several leading material handling organizations have implemented the GenDrive fuel cell power solution in their operations. Customers include Walmart Canada, United Natural Foods Inc, Sysco in Houston, FedEx Freight, Wegmans, and Whole Foods Market.

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