ISS Recommends Ballard Shareholders Vote FOR Resolutions in Relation to Sale of Certain Automotive Fuel Cell Assets  

Ballard Power Systems (TSX: BLD)(NASDAQ: BLDP) today announced that Institutional Shareholder Services (“ISS”), the leading independent proxy advisory firm for institutional investors involved in proxy voting matters, has issued a report recommending that shareholders vote FOR the ordinary resolution regarding the sale of Ballard’s automotive fuel cell assets to Daimler AG (“Daimler“) and Ford Motor Company (“Ford”). In addition, ISS recommends shareholders vote FOR the special resolution amending Ballard’s articles to cancel Class A and Class B shares, which give Daimler and Ford specific rights. Read the rest of this entry »

Hydrogen Power, Inc. (OTCBB: HYDP) announced that its common stock will begin trading today on the Over the Counter Bulletin Board as Hydrogen Power, Inc., completing the Companys name change from Hydrogen Power International, Inc. The shares will continue to trade under the symbol HYDP. Read the rest of this entry »

Progress on operational issues within OnSite Generation group and strengthened visibility in targeted fuel cell markets

MISSISSAUGA, ONTARIO — (MARKET WIRE) — August 08, 2006 — Hydrogenics Corporation (TSX: HYG)(NASDAQ: HYGS), a leading developer and manufacturer of hydrogen and fuel cell products, is reporting second quarter and six-month unaudited results. Results are reported in U.S. dollars and are prepared in accordance with Canadian generally accepted accounting principles.”As announced on July 28, 2006, over the course of the second quarter we made progress towards resolving the supply chain and component quality issues that we identified earlier this year within our OnSite Generation group,” said Pierre Rivard, President and Chief Executive Officer of Hydrogenics Corporation. Read the rest of this entry »