Benzinga | Aug 31, 2021 04:43PM EDT

Hexagon Purus, Ballard Partner To Launch Class 6 & 7 Fuel Cell Electric Trucks

* Hexagon Purus ASA (OTC:HPURF) and Ballard Power Systems Inc (NASDAQ:BLDP) collaborate to produce Class 6 & 7 Fuel Cell Electric Trucks powered by Hexagon Purus' turnkey electric drivetrain and hydrogen storage system solutions and Ballard's fuel cell module.

* This truck will provide a range of over 400 miles and refueling times compared to conventional trucks.

* Ballard's 8th generation of fuel cell module, the FCmove, provides a zero-emissions electric power source.

* Hexagon Purus' lightweight type 4 hydrogen storage systems, ProPack battery storage, and fully integrated electrified accessory systems deliver zero-emissions power for electrified commercial vehicles.

* The two parties' collaboration is expected to accelerate hydrogen and fuel cell adoption in heavy-duty transport applications. The prototype of the hydrogen truck is expected to be delivered in 2Q22.

* Price Action: BLDP shares closed higher by 1.88% at $16.80 on Tuesday.