Ballard Power System makes it to the NASDAQ Clean Edge Green Energy Index (NAZDAQ: CELS)
Boston, MA 03/27/2014 (wallstreetpr) – Ballard Power Systems Inc. (USA) (NASDAQ:BLDP) is reported to have made it to the Index after the announcement of the results of the semi evaluation of the NASDAQ Clean Edge Green Energy (INDEXNASDAQ:CELS). Now the company stands proud on having achieved the honor of being declared as one of the Companies in U.S. engaged in development, manufacturing, installation and distribution involving the emergence of new and clean technological advances such as advanced cells, photovoltaic cells and biofuels. Ballard Power Systems (NASDAQ:BDLP) is one of the ten companies, which were added to the index including Hanwha Solarone Co Ltd (NASDAQ:HSOL), Hydrogenics Corporations (USA) (NASDAQ:HYGS) and other.
Ballard non-interest bearing promissory notes get converted into common shares
Anglo American Platinum Limited is reported have converted the 4 million promissory notes bearing no interest into common shares. The terms of this deal were announced on March 3, 2014, reportedly. The Anglo American Platinum Executive Head, Andrew Hinkly revealed the reason behind the striking of this deal, which turned out to be the predictable increase in the demand for platinum fuel cells in the near future.
These companies have partnered basically to develop a fuel cell home generator the demands for which have been reported to go up significantly in Communities of rural South Africa. Also the President and CEO, John Sheridan, of Ballard Power Systems Inc. (USA) (NASDAQ:BLDP) is clearly elated with this partnership and calls Anglo American Platinum Limited an influential global corporation. The government of South Africa is clearly looking forward to the progress of this project because the platinum fuel cell home generator is purported to provide more efficient, clean, cost-effective and reliable power. Plus this project is expected to generate large-scale employment opportunities in South Africa.
Reportedly the South African government is open about its commitment to the fuel cell industry of the nation since South Africa owns around 75% of platinum supply in the world. Ballard Power Systems Inc. (USA) (NASDAQ:BLDP) is reported to be looking forward to this project and make huge profits out of it.
