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Ballard Power Systems Inc. Message Board

  • analogphoneline analogphoneline Mar 13, 2013 11:54 AM Flag

    There is more in the works than just Volkswagen

    Turning to 2013 with engineering services. The expiration of the automotive non-compete agreement, it ended Jan 31 last month, has expanded our scope in the automotive area. So as such, with what we see in Engineering Services, we expect growth this year to be well in excess of 50%. That means then Engineering Services should represent about 30% of our total 2013 revenue base.

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    • The money in High Tec is not in consulatncy only because the Nett margins are very low and there is a lot of rework to satisfy the Customer who has a fixed price contract for that. It sure is nice to get such contracts but it has its limitations in terms of EBITDA.

      The money and margins are in goods where the margins are +80% . The Co. needs to focus on selling more FCELs for remote applications and even server Farms where power is critical.

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