VANCOUVER, Aug. 1, 2012 /PRNewswire/ – Ballard Power Systems (NASDAQ:
BLDP)(TSX: BLD) today announced that the agreement to acquire key
assets from IdaTech, including the Company’s fuel cell product lines
for backup power applications, distributor and customer relationships,
as well as a license to intellectual property, in return for $7.7
million of Ballard common shares at a price of $1.08 per share, has
successfully closed. Additional details of the agreement were provided
in a press release issued by Ballard on July 25.

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.

This release contains forward-looking statements concerning the
financial and strategic benefits of the transaction. These
forward-looking statements reflect Ballard’s current expectations as
contemplated under section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Any such forward-looking statements are based on Ballard’s
assumptions relating to its financial forecasts and expectations
regarding its product development efforts, manufacturing capacity, and
market demand and include the Company’s expectations regarding the
potential benefits of the proposed transaction and the timing and
success of future product development efforts.

These statements involve risks and uncertainties that may cause
Ballard’s actual results to be materially different, including general
economic and regulatory changes, detrimental reliance on third parties,
successfully achieving our business plans and achieving and sustaining
profitability. For a detailed discussion of these and other risk
factors that could affect Ballard’s future performance, please refer to
Ballard’s most recent Annual Information Form. Readers should not place
undue reliance on Ballard’s forward-looking statements and Ballard
assumes no obligation to update or release any revisions to these
forward looking statements, other than as required under applicable
legislation.

Guy McAree +1.604.412.7919, investors@ballard.com or media@ballard.com

SOURCE Ballard Power Systems Inc.