In addition, Plug Power will become the exclusive systems integrator for Ballard fuel cell stacks into solutions addressing the material handling market in North America. The previous agreement was due to expire December 31, 2010.
With over 85% market share in the material handling space, the extended agreement will allow Plug Power and Ballard Power Systems to maintain their position as pre-eminent providers of fuel cell energy products for this industry. The agreement will also help solidify their joint corporate commitment to revolutionize the material handling market with productive, clean energy technology.
Several leading material handling organizations have implemented the GenDrive fuel cell power solution in their operations. Customers include Walmart Canada, United Natural Foods Inc, Sysco in Houston, FedEx Freight, Wegmans, and Whole Foods Market.