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 second license agreement, announced on 19 June 2014, is related to the assembly of Ballard’s ElectraGen Telecom Backup Power systems in China for the Chinese market. Azure’s breaches and the resultant contract terminations will negatively impact the Ballard’s 2014 financial performance.
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