news - The SiLLC Assembly

Ballard inks contract with Stadler to supply fuel cell engines to power first hydrogen train in United States

VANCOUVER, BC and BUSSNANG, Switzerland, Sept. 26, 2022 – Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced an order from Stadler Rail AG (“Stadler”; www.stadlerrail.com), a leading manufacturer of rolling stock, for the supply of six 100 kW FCmove^TM-HD+ fuel cell engines to power the first hydrogen train in the United States.

The contract to provide the hydrogen-powered train was awarded to Stadler by San Bernardino County Transportation Authority (SBCTA), with the option of additional trains in the future. The train is expected to be in service in San Bernardino, California in 2024 and will seat over 100 passengers.

“We continue to see the critical role hydrogen will play in decarbonizing our economy. We are excited to work with Stadler, a global industry leader in rail manufacturing, to reduce emissions in the transportation sector and bring the first hydrogen powered, zero emission passenger train to the United States,” said Randy MacEwen, Ballard CEO.

Martin Ritter, CEO of Stadler US commented, “Stadler is committed to designing and building green technology for the transportation industry. We are delighted to work alongside innovative organizations, like SBCTA and Ballard, that share our enthusiasm to reduce emissions in the sector. It is a great honor to be a part of bringing the first hydrogen-powered train to the United States.”

About Ballard Power Systems

Ballard Power Systems’ (NASDAQ: BLDP) (TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power. To learn more about Ballard, please visit www.ballard.com.

This release contains forward-looking statements concerning anticipated product performance and other characteristics, product deliveries and deployments. 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.

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.

About Stadler Rail

Stadler has been building trains for 80 years. The provider of mobility solutions in rail vehicle construction, service and signaling technology has its headquarters in Bussnang, eastern Switzerland. It has a workforce of over 13,000 based in various production and engineering locations as well as more than 70 service locations. The company is conscious of its social responsibility for sustainable mobility and therefore stands for innovative, sustainable and durable quality products. The product range in the field of mainline railways and city transport includes high-speed trains, intercity trains, regional and suburban trains, metros, tramways and trams. Stadler also manufactures main-line locomotives, shunting locomotives and passenger carriages. It is the world’s leading manufacturer in the rack-and-pinion rail vehicle industry.

SOURCE Ballard Power Systems Inc.

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Disclaimer
All transaction are carrying out by SiLLC, a private portfolio management assembly. This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to represent general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed. Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions and beliefs of SiLLC and/or its members. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to SiLLC’s advisory activities relates to SiLLC Assembly International.

Ballard receives order from Siemens Mobility to power 7 trains and signs LOI for up to an additional 200 modules over the next six years

VANCOUVER, BC and MUNICH, Sept. 22, 2022 – Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced an order for 14 x 200 kW fuel cell modules from Siemens Mobility GmbH (“Siemens Mobility”; www.mobility.siemens.com), a leading supplier in the development of alternative drives, to power a fleet of seven Mireo Plus H passenger trains. Delivery of the 14 fuel cell modules is expected to start in 2023 with the fleet planned to be in service in Berlin-Brandenburg region in late 2024.

In addition to the initial order of 14 fuel cell modules, Siemens Mobility also signed a letter of intent with Ballard for the supply of 200 fuel cell modules totaling 40 MW over the next six years, including a firm commitment on 100 of the fuel cell modules totaling 20MW. The modules will be used for Siemen’s Mireo Plus H trains.

“This is a significant milestone for our multi-year collaboration efforts with Siemens Mobility and the future of zero-emission commuter rail in Europe. Our fuel cell technology is an ideal solution to support the heavy payload, long range and rapid refueling requirements of Siemen Mobility’s passenger train fleet. We look forward to our continued collaboration and are excited for the opportunity to support the Berlin and Brandenburg region’s first hydrogen powered rail network,” said David Mucciacciaro, Ballard Chief Commercial Officer. “We will continue our work to secure platform wins with key partners in our core verticals and to support their scaling plans to achieve decarbonization.”

“We can only meet climate change targets by increasing rail transportation. Our first order for a fleet of hydrogen-powered trains will enable emission-free rail transport on non-electrified routes in Germany,” said Jochen Steinbauer, Platform Director H₂ Technologies at Siemens Mobility. “Our Mireo Plus H is a next-generation hydrogen train, featuring longer range, faster acceleration and state-of-the-art technologies, setting new standards in zero-emission passenger transport.”

About Ballard Power Systems

Ballard Power Systems’ (NASDAQ: BLDP;TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power. To learn more about Ballard, please visit www.ballard.com.

SOURCE Ballard Power Systems Inc.

For further information: Ballard Power Systems: Kate Charlton – VP Corporate Finance & Investor Relations +1.604.453.3939 or investors@ballard.com

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Neptune Announces an Additional 53,000 Terahash of Bitcoin Mining Machines Are Now Operational

Neptune Announces an Additional 53,000 Terahash of Bitcoin Mining Machines Are Now Operational

Vancouver, British Columbia–September 21, 2022 – Neptune Digital Assets Corp. (TSXV: NDA) (OTC Pink: NPPTF) (FSE: 1NW) (“Neptune” or the “Company“), a blockchain technology and cryptocurrency leader in Canada, is pleased to announce that it has brought an additional 53 petahash per second (PH/s) of mining capacity online and these machines are now producing bitcoin.

New Bitcoin ASIC Mining Machines

These Antminer S19 Pro Bitcoin mining machines have been tested, installed, and are now producing Bitcoin. The Antminer S19 Pro is the latest generation Bitcoin ASIC miner produced by leading hardware manufacturer Bitmain. The Antminer S19 Pro’s mining SHA-256 algorithm boasts a hashrate ranging from 96 to 104 terahash per second (TH/s) with an energy efficiency of 29.5 joules per terahash (J/TH) and a power consumption of 3250W. The Bitcoin mining machine deployment collectively produces a total of 52,496 terahash per second. The new Bitcoin mining machines are deployed using the Luxor mining pool and are hosted in a state-of-the-art facility in the USA owned and operated by Aspen Creek Digital Corporation (ACDC). Launched in 2022, ACDC’s mission is to catalyze the decarbonization of power generation by building the world’s leading fleet of renewably powered high-performance computing facilities.

“We are happy we can finally bring on the additional 53 petahash of mining capacity purchased in late 2021. The mining business has been challenging over the last 12 months, however it does still remain profitable and we will continue to carefully grow these operations while focused on cost savings and profit margins. We look forward to a fruitful partnership with Aspen where we can grow our renewable focused mining operations. We are fortunate to have the financial means to take advantage of the current bear market and acquire assets at a discount using cash raised at the peak of the bull cycle,” stated Cale Moodie, Neptune’s CEO.

Stock Option Issuance

The Company announces the grant of stock options to purchase up 2,000,000 common shares in the capital of the Company to certain directors and officers of the Company in accordance with the terms of the Company’s stock option plan. The stock options will be exercisable at $0.23 per common share and for a period of 10 years from the date of issuance.

About Neptune Digital Assets Corp.
Neptune Digital Assets (TSXV: NDA) is one of the first publicly-traded blockchain companies in Canada and is a cryptocurrency and blockchain infrastructure leader with operations across the digital asset ecosystem including Bitcoin mining, proof-of-stake mining, blockchain nodes, decentralized finance (DeFi), and other associated blockchain technologies.

ON BEHALF OF THE BOARD

Cale Moodie, President and CEO
Neptune Digital Assets Corp.
1-800-545-0941
www.neptunedigitalassets.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX ‎Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.‎

Forward-Looking Statements

This release contains certain “forward looking statements” and certain “forward-looking information” as defined under applicable Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans”, “proposes” or similar terminology. Forward-looking statements and information include, but are not limited to, Company’s operations and sustainable future profitability; potential further improvements to the profitability and efficiency across operations by optimizing cryptocurrency mining output, continuing to lower direct mining operations cost structure, and maximizing existing electrical and infrastructure capacity including with new mining equipment; continued adoption of cryptocurrency; the efficacy of the Antminer S19 Pro Bitcoin mining machines; the estimated hashrate ranging from 96 to 104 terahash per second (TH/s) with an energy efficiency of 29.5 joules ‎per terahash (J/TH), a power consumption of 3250W and the deployment ‎collectively producing a total of 52,496 terahash per second; any statements related to the grant of stock options to certain Neptune directors and officers. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties, and contingencies. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the inherent risks involved in the cryptocurrency and general securities markets; the Company’s ability to successfully mine digital currency; revenue of the Company may not increase as currently anticipated, or at all; the Company may not be able to profitably liquidate its current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on the Company’s operations; the volatility of digital currency prices; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, currency fluctuations; regulatory restrictions, liability, competition, loss of key employees and other related risks and uncertainties. The Company does not undertake any obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

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