Ballard Power Systems and our partner Van Hool were presented with the "Ecology Award", coincident with the Busworld Europe industry event held in Kortrijk, Belgium

Ballard Power Systems and our partner Van Hool were presented with the "Ecology Award", coincident with the Busworld Europe industry event held in Kortrijk, Belgium (http://kortrijk.busworld.org/), for successfully combining: (i) a new vehicle concept, with (ii) a high efficiency fuel cell hybrid driveline, and (iii) a high level of passenger comfort in a bus deployed in San Remo, Italy.

The competition was held on the eve of the Busworld Europe exhibition, involving six buses and twelve coaches. All participants were subjected to a number of tests and observations by teams of experienced field jury members.

Van Hool is a Belgian-based independent bus, coach and industrial vehicle OEM with a long history of innovation in fuel cell bus manufacturing. By 2014 the Company plans to have 27 buses – powered by Ballard fuel cell modules – operating in these European cities: Oslo, Norway (5 buses); Cologne, Germany (2); San Remo, Italy (5); Flanders, Belgium (5); and Aberdeen, Scotland (10).

Ballard anticipates powering 40 of the 50 zero emission fuel cell buses used in transit service on European roads in 2014, including the 27 Van Hool buses.

Increased volumes of fuel cell-powered buses are supporting cost reductions through scale economies in sourcing and manufacturing, enabling fuel cell solutions to compete more effectively with incumbent transit technologies.

Ballard's FCvelocity®-HD7 will be the next-generation of fuel cell power module, designed specifically for integration into buses and reflecting improved durability, reliability along with significant cost reduction.

About Ballard Power Systems
Ballard Power Systems (TSX: BLD) (NASDAQ: BLDP) provides clean energy fuel cell products enabling optimized power systems for a range of applications. Products deliver incomparable performance, durability and versatility. To learn more about Ballard, please visit www.ballard.com.
To view full Market Update visit: http://www.ballard.com/files/PDF/Market_Updates/Bus_Award_MU_FINAL.pdf

Some of the statements contained in this Market Update may be forward-looking statements or forward–looking information within the meaning of the U.S. Securities Act of 1933, the U.S. Securities Exchange Act of 1934, or Canadian securities laws. Readers should not place undue reliance on any forward-looking statements and should refer to our Annual Information Form (available on our website and filed with applicable securities regulators) for our complete forward-looking disclaimer, including a description of the risks and uncertainties that could cause actual outcomes to differ materially from those described herein, which applies to this release and is incorporated herein by reference.