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Ballard, Dantherm, Danfoss Invest to Create European Fuel Cell Backup Power Systems Capability

Ballard Power Systems has acquired a controlling interest in Denmark-based Dantherm Power, partnering with co-investors Danfoss A/S and Dantherm A/S. Dantherm Power develops backup power systems, utilizing Ballard’s hydrogen fuel cell technology, for telecom equipment suppliers including Motorola and Ericsson. The partners expect that their  joint investment and partnering support will result in accelerated development of fuel cell backup power applications across Europe.

Ballard is investing $6 million for a controlling interest in Dantherm Power, in two tranches between 2010 and 2012. Ballard will also provide knowledge and intellectual property related to core fuel cell technology. Dantherm Power will continue its current commercial initiatives, including sales of hydrogen-based products incorporating Ballard’s fuel cell stack.

In addition to its cash investment, Dantherm A/S will continue to provide operational support and collaborative sales and marketing activities through its worldwide sales organization. Danfoss A/S will invest cash, proprietary technology, expertise, as well as operational and commercial assistance through its network of 93 sites in 25 countries. Executives from the three companies will form a new board of directors for Dantherm Power.

Ballard Power Systems provides fuel cell products enabling optimized power systems for a range of applications. Ballard provides fuel cell stacks to leading fuel cell companies including IdaTech, LLC, Plug Power Inc., Baxi Innotech GmbH, Heliocentris Fuel Cells AG and FutureE Fuel Cell Solutions GmbH. Ballard also provides power modules to system integrators seeking a plug-and-play approach including, for example, ISE Corporation which integrates Ballard power modules with hybrid electric drives on transit buses. Now with this investment in Dantherm Power, Ballard will also be actively involved with the delivery of complete backup power systems for OEM’s and other suppliers to the telecom sector in Europe.

Dantherm Power is a 40-person company focused on development and production of commercially viable fuel cell-based backup power systems for use in IT and telecom network base stations. A significant recent market achievement has been the development, and deployment with Motorola, of 123 fuel cell based backup power systems for radio stations connected to Denmark’s new public safety network—SINE.

Danfoss A/S is one of the largest industrial companies in Denmark with a global group focused on development and manufacture of mechanical and electronic components for a number of industries, including solar energy, heating, industrial automation, water control and high pressure systems. Danfoss A/S generated revenue of €3.6 billion in 2008, with more than 26,000 employees in Europe, North America, Latin America, Asia and other regions.

Dantherm A/S is a shareholder in Dantherm Power, and parent company of the two business divisions: Dantherm Air Handling and Dantherm Filtration. Dantherm Air Handling has a broad range of products for electronics cooling for the telecom industry, industrial and residential ventilation, dehumidification and heating/cooling. Dantherm Filtration is a worldwide supplier of industrial air filtration products, solutions and services to a wide range of industries.


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