On Wednesday, Ballard Power Systems Inc. (USA) (NASDAQ:BLDP)’s shares inclined 3.52% to $2.35.
Ballard Power Systems Inc. (USA) (BLDP) declared that it has signed a framework agreement with Tangshan Railway Vehicle Company, Limited (TRC) for development of a new fuel cell module that will be designed to meet the requirements of tram or Ground Transport Vehicle (GTV) applications.
The framework agreement contemplates that TRC trams will use next-generation Ballard fuel cell power modules designed specifically for this application. Initial work is predictable to involve Technology Solutions offered by Ballard to assist in the design and integration of a fuel cell power module into TRC tram equipment, with the aim of powering a GTV prototype in 2016.
TRC was established in 1881 as China’s first manufacturer of locomotives and rolling stock. In its nearly three-centuries of operation the company has delivered a number of important “firsts” in China , counting the first: locomotive; passenger train; freight wagon; inspection train; titling train; and 70% low-floor light rail train. In January 2011, TRC also recorded the world’s fastest railway test speed of 487.3 kilometers per hour (302 miles per hour).
Ballard Power Systems Inc. engages in the development and commercialization of proton exchange membrane fuel cells worldwide. The company is primarily involved in the design, development, manufacture, sale, and service of fuel cell stacks, modules, and systems for various applications.
Textron Inc. (NYSE:TXT)’s shares gained 3.41% to $46.06.
Bell Helicopter, Textron Aviation Inc., Textron Systems, Textron AirLand, and TRU Simulation + Training, all businesses of Textron Inc. (TXT), declared recently their joint presence during the International Paris Air Show, June 15-18, at Le Bourget Parc des Expositions.
Subject matter experts will be accessible to talk about a broad range of aerospace and defense capabilities at the Textron Pavilion A-2, during the show hours from 8:30 a.m. to 6 p.m. daily.
Textron Inc. operates in the aircraft, defense, industrial, and finance businesses worldwide. It operates through five segments: Textron Aviation, Bell, Textron Systems, Industrial, and Finance. The Textron Aviation segment manufactures business jets, turboprop aircraft, piston aircraft, military trainer and defense aircraft, and parts, in addition to provides maintenance, inspection, and repair services.
At the end of Wednesday’s trade, Level 3 Communications, Inc. (NYSE:LVLT)‘s shares surged 2.09% to $55.76.
Level 3 Communications, Inc. (LVLT) will present at the Barclays High Yield Bond and Syndicated Loan Conference on June 11, in Colorado Springs, Colorado. The investor presentation will start at about 2:05 p.m. MT.
Level 3 Communications, Inc., together with its auxiliaries, operates as a facilities-based provider of a range of integrated communications services primarily in North America, Latin America, Europe, the Middle East, and Africa. The company provides transport services comprising wavelengths, private lines, transoceanic, and dark fiber, in addition to related professional services; fiber services; and colocation and data center services, such as cloud, hosting, and application administration solutions.
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