The deal doesn't increase the sales it only increases Plugs ownership of the sub. It doesn't change a thing for Ballard, only PLUGS cost structure. Which is why Jake is looking for Ballard to buy PLUG in BK.
So your looking for failure to fuel success?!?
Lay off the hydrogen and all will be better..
Hybrids did not require a new fueling infrastructure nor a new fuel. The hydrogen faithful at Toyota know this but are required to talk the company line non the less.
"Randy has not yet said anything untrue" Thats because they stopped giving guidance during CC's. They do however issue earnings warnings it seems.
with fuel cells to follow in the "distant future."----Hmmmm, Distant future lets see.... in automotive speak that means 20 years or more...
Last year, Fiat Chrysler head honcho Sergio Marchionne, in an interview, famously told the general public not to buy the Fiat 500e electric vehicle. That's because he estimated that the company takes a $14,000 loss on each unit sold of Fiat Chrysler's only production EV.--- FCV = Future compliance vehicles....LOL
Look at the consolidated statement of operations for Protonex in the supplemental filed 7/2. While Protonex showed a gross profit of $5.5m for 2014 they had a net loss of $1.2m. Diversifying away from fuel cells is the best thing I see in Protonex, after all 80% of their income is from power manager sales.!!!!
BYD Company Ltd. and Alexander Dennis Limited (ADL), Europe’s fastest growing bus and coach builder, have formed a new alliance and confirmed a £19-million (US$30-million) deal that will see the introduction of London’s first large-scale, zero-emission, single deck bus fleet. This will also be the single largest fleet of full-size electric buses in Europe.
The move follows confirmation by Go-Ahead London that it will introduce 51 pure electric buses on routes 507 and 521, which operate between Waterloo and Victoria. Go-Ahead London said it expects to introduce all 51 electric buses into service by 27 August 2016, signaling the introduction of London’s first, large-scale pure electric bus fleet. (Earlier post.)
The vehicles will be built on BYD chassis and powered by BYD’s electric drivetrain. All 51 buses will be bodied by ADL. The deal includes a full on-site repair and maintenance program for the term of the contract and combines the strengths of ADL’s Enviro200 12m single deck (with 18,000 units sold worldwide) and BYD’s own design of Iron-Phosphate Battery technology and drivetrain system. The latter has covered millions of kilometers of passenger-carrying service in international markets.
svenhh, How many times have we hard the old "wait for the second half" story. Yes Ballard does usually beat in the second half. It is a normal pattern for them that has been going on for years. Yet, even when they can put together a positive earnings Q they follow it up with more than one bad quarter.
"Having their CEO attend & participate in the CC was a good idea and confirmed their commitment to the deal."
Could you imagine the uproar if there WAS NOT a rep from Protonex on the call.
Randy different from Sheridan?!
They both have spoke of new customers and contracts during miserable earnings reports.
I was suprised they didn't offer a new news item beyond Protonex regarding future income opportunities like they usually do when they report earnings.
It was sort of anti-climactic compared to what they have done in the past.
Your welcome krist. IMO, Toyota is looking to monetize their FC R&D investments beyond their fuel cell compliance cars because their numbers are going to be very low.Hence thats why they are investigating the feasability of a fuel cell bus using the same FC.
Earlier this year, Toyota and Hino Motors began to operate their joint-project hydrogen fuel cell-powered bus in Toyota City, Japan. Using the same fuel cell system as the one found in the 2016 Toyota Mirai—except on a much larger scale—the fuel cell bus has been making three daily round-trips since January, and was even used as a shuttle during World Environment Week. Now, due to the success of the bus, Toyota and Hino will begin the next stage of testing with the aim of making zero-emissions buses more mainstream.
The testing began in Tokyo on July 24th and will run until July 30th. Toyota hopes that the testing will help determine the feasibility of introducing the fuel cell bus to market relatively soon. Not only will the testing show how practical the bus would be in real-life situations, but also help Toyota evaluate the efficacy of the external power supply system to help power buildings during widespread natural disasters.
If the testing goes well, Toyota could introduce a fleet of fuel cell buses sooner rather than later into major metropolitan areas.
IMO the alliance was formed to allow UTC to look after their interest in the IP since they also receive a royalty on any revenue the IP generated.