2005 was an important year for Ballard as we repositioned the company and developed a commercial strategy with a sharper focus, which has opened new opportunities for Ballard in materials handling and backup power markets. As well, our natural gas-fueled cogeneration fuel cell product captured the leading position in the Japanese market and Ballard-powered fuel cell vehicles continued to demonstrate outstanding performance in automotive markets around the world. |
Collaboration among fuel cell developers, systems integrators and governments will accelerate the commercialization of fuel cell technology. Supplying Plug Power with our fuel cell stack strongly supports our strategic decision to focus our efforts on fuel cell development, leaving the systems integration to others. |
Gerri's track record of success in creating value in early stage technology companies makes her a great addition to the Ballard Board. In addition, she has solid experience working with government, at both the provincial and federal levels. Because of the leadership role that government needs to play in the introduction and advancement of disruptive technologies, Gerri's understanding of the political realm will be a great asset to the Ballard team. |
I do see an opportunity on the horizon for a potential turning point for the fuel cell sector, and I really believe that Ballard came make a significant contribution to making that happen - if we deliver. |
I think about it all the time. |
In a key provision of the Energy Policy Act, Congress clearly intends to provide a federal remedy for certain energy projects that are being blocked by an individual state. |
It is unfortunate that this most important project has been criticized and delayed for wholly invalid reasons. |
Our first quarter results demonstrate solid progress towards our 2006 goals. Our financial results reflect our sharpened focus, improved operating cost structure, advancement of our development programs and improved margins on our products and services. |
See, I'm 15 feet from each entrance. |
There is no life expectancy. |
We have an alternate site we're looking at. The federal government likes to see that we have alternate sites in our filing. We do that in the event we don't go forward with the proposed route. |
We're required to get information out to the public. |