Ballard terminates two fuel-cell license agreements with Azure in China; will not hit 2014 revenue and EBITDA targets
Green Car Congress
JANUARY 2, 2015
The first license agreement, originally announced on 26 September 2013, is related to the assembly of Ballard’s FCvelocity-HD7 Bus fuel-cell power modules in China for the Chinese market. The Company will not book any revenue under these contracts in 2014 Q4 and expects to record an impairment of approximately $4.5 Earlier post.)
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