Ballard Power Systems Inc. (USA) (NASDAQ:BLDP) announced recently during the ‘Investor & Analysts Day event’ hosted by the company on September 14, that they achieved an Order Backlog of over $263.5 million as of June 30th, 2017,. Furthermore, the company announced that it had obtained a one-year Order Book of $97.2 million as of June 30.
The figures represent the portion value of the Order Backlog that the company anticipates to deliver within a one-year period. The event was attended by numerous representatives including the potential investors, financial analysts, investment banking institutions, and other key stakeholders. The event also featured a presentation from Mr. Charles Lu, the founder and chairman of Zhongshan Broad-Ocean Motor Co. Ltd. Mr. Lu who is the Ballard’s largest shareholder and a key partner in China.
The company executives and other key speakers enthusiastically delivered informative presentations on the company products and services and answered relevant questions that highlighted Ballard’s key strengths that would enable the company to grow steadily and maintain strong capitalization on the possible commercial fuel cell applications.
According to Ballard’s president and CEO, Mr. Randy MacEwen, the great event covered a comprehensive discussion of the company’s strategic plans and activities that would ensure continuous improvement of the firm’s market positioning, financial position, and affirmative results for the shareholders. Also, the presenters underlined the key market opportunities and other core areas that the firm is planning to focus on including various commercial, operational, and technological fronts.
MacEwen also affirmed that the report highlights essential Order Backlogs which will support the company’s growth strategy for the next 12 months. As a result, Ballard intends to roll out the next 12-month Order Book numbers for their Order Backlog on a quarterly basis ensuring that there’s the financial capability and operational transparency to carry out the projects.
Ballard is one of the leading companies that provide clean energy products which reduce the costs to the consumer and other risks and directly work with their customers to help them resolve the challenges related to technical and business operations when using the fuel cell products.