NEW YORK (Thomson Financial) - Plug Power Inc. and Ballard Power Systems
Inc. Wednesday said they have extended their supply agreement through the end of
2010.
The previous agreement was set to expire May 1, 2009.
Financial terms of the deal weren't disclosed.
Under the terms of the new deal, Ballard will remain the exclusive supplier
of fuel cell stacks for Plug Power's GenDrive product line of fuel cell power
units, the companies said.
Ballard shares closed at $2.44 on Tuesday. Plug Power shares closed at
$2.41.
Christie Rizk
cr/tk1
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