Recently Plug Power (PLUG) and Ballard Power Systems (BLDP) extended their supply agreement into 2010. With this Ballard will continue to be the exclusive supplier of fuel cell stocks for Plug Power's GenDrive product line.
Not only are both fuel cell developers benefiting from this continued partnership, so are my New World Investor subscribers. The stronger PLUG is as a company, the stronger they are as a stock in our portfolio.
To add icing to the cake Jon Sheridan, president and CEO of Ballard, stated, "Plug Power is leading the charge by putting product in the field and successfully demonstrating the benefits of fuel cell technology with key customers throughout North America."
I have to say, I agree with Jon.
