President and Chief Executive Officer of Ballard Power Systems Inc. (BLDP): Providing Backup Power to Global Telecom Networks
67 WALL STREET, New York - February 14, 2014 - The Wall Street Transcript has just published its Alternative Energy & Utilities Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
Topics covered: Outlook for Biofuels and Biochemicals - Asia Pacific Demand for Solar Energy - Grid Parity Timelines for Alternative Energy - Solar Energy Pricing - Government Subsidies and Regulation - Solar Growth Drivers and Headwinds - Regulatory Headwinds for U.S. Utilities
Companies include: Ballard Power Systems Inc. (BLDP)
In the following excerpt from the Alternative Energy & Utilities Report, the President and CEO of Ballard Power Systems Inc. discusses the outlook for his company for investors:
TWST: As an introduction to the company, can you talk a bit about who your customers are and how they use your products?
Mr. Sheridan: Just by way of background, Ballard used to be a technology R&D company and did a lot of development work in the automotive fuel cell field. We transformed the company to position it toward commercial markets. And the markets that are commercial today for clean energy fuel cell products are principally in telecom backup power and in material handling, providing power units or propulsion units for forklift trucks. So within that scope of customers, we deal with distributors, system integrators as well as end users.
In material handling, our key customer is Plug Power. And Plug has a growing array of customers in the distribution-center business or warehousing business, such as Procter & Gamble, Wal-Mart, BMW - large-scale customers like that, primarily in the U.S.
In telecom backup power, we've got 5,000 systems deployed in telecom networks in South Africa with Vodacom, in Indonesia, in the Philippines now, and we have established beachheads in the India and China markets. So that will give you a bit of a flavor.
TWST: Can you highlight some of your newest products that you're most excited about or existing products that are gaining traction?
Mr. Sheridan: We've had a very strong year. So we certainly see evidence of traction. The products most responsible for our recent growth have been used in telecom backup power. We sell full systems that provide extended runtime backup power for mission-critical telecom applications, including methanol fuel systems as well as direct hydrogen systems...
For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
