Ballard Power Systems Inc. signs a memorandum of understanding with Japan's EBARA Corp. that nets the Canadian fuel-cell company $30 million in badly needed research funds. Ballard will use the funds to develop technology that will enhance both companies' positions in Japan's stationary fuel-cell market, in which EBARA plays a significant role manufacturing machinery and developing technology. The two companies have an existing tie-up, EBARA Ballard Corp., based in Tokyo, designed to ...

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