Under a newly signed long-term license and supply agreement, Guangdong Synergy Hydrogen Power Technology will supply Ballard Power Systems, an existing partner in China, with fuel cell power products and technology in support of the planned deployment of approximately 300 fuel cell-powered buses in China. The deal has an estimated initial value of $17m through 2016, with the opportunity for significant recurring royalties starting in 2017.
Under a newly signed long-term license and supply agreement, Ballard Power Systems will supply Guangdong Synergy Hydrogen Power Technology, an existing partner in China, with fuel cell power products and technology in support of the planned deployment of approximately 300 fuel cell-powered buses in China. The deal has an estimated initial value of $17m through 2016, with the opportunity for significant recurring royalties starting in 2017.