Ballard Announces Commitment From Plug Power to Purchase 3,250 Fuel Cell Stacks Thru 2012

-- Deal underscores growing global demand for clean solutions in material handling operations

Ballard Power Systems (TSX: BLD) (NASDAQ: BLDP) today announced a purchase order commitment from Plug Power Inc. (NASDAQ: PLUG) for a minimum 3,250 fuel cell stacks over the next 18-month period, for use in the material handling market.

The deal - structured under an existing equipment supply agreement between the companies that runs through 2014 - calls for Plug Power's minimum purchase of 3,250 Ballard fuel cell stacks by the end of 2012, with power levels ranging from 1.5 kilowatts to 20.0 kilowatts each. Ballard anticipates that both the scale and cadence of associated product shipments will contribute to increased manufacturing efficiency and reduced fuel cell stack cost.

By: John Petersen

I hate being wrong, but Mother always taught us, "if you have to eat crow don't nibble."

In February 2010, I wrote an article - titled "Why I Don't Expect A Lithium-Ion Battery Glut" - that's shaping up as one of the worst predictions in the history of my blog. This week, Lux Research published a report titled "Using Partnerships to Stay Afloat in the Electric Vehicle Storm" that has me convinced that the capacity glut in lithium-ion batteries will be massive for at least a decade.

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LITTLE FALLS, NJ - July 12, 2011 (Investorideas.com Newswire) - mPhase Technologies, Inc. (OTC.BB: XDSL) held a Special Meeting of Shareholders on Wednesday, June 29, 2011 at 10:00 A.M. at 587 Connecticut Avenue, Norwalk, Ct. 06854. At the meeting, shareholders approved an amendment to the company's certificate of incorporation, authorizing an increase of 4 billion shares of common stock. A PowerPoint presentation given at the meeting explaining mPhases' bio inspired smart surface technology is now available for review on the mPhase website. http://www.mphasetech.com/Reconstruction_investor.html.

Point Roberts, WA - June 27, 2011 Investorideas.com and its green and nanotech investor portals release a trading alert for smart battery company, mPhase Technologies, Inc (OTCBB: XDSL). The stock is trading up over 12% on volume of over 21 Million shares.