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October 08, 2017 – Comments (0) | RELATED TICKERS: BLDP

You may want to take another look at BLDP. 70 million cash on hand, fully funded business plan. Expanding margins. Revenue up 50% YoY last 2 years and set to continue. !00 mil order book and 250 mil backlog. Distribution agreement with Toyota, tie up with Nisshinbo resulted in novel non precious metal catalyst. Selling MEAs in to China to JV it owns 10% of, exclusive to export low cost systems out of China. 600+ fuel cell bus systems going out in China. Orders of 5-15,000 may be coming. Euro area JIVE program putting out 1,000+ fuel cell buses in next few years. 30+ retail hydrogen fueling stations in CA, 12 coming to northeast US. BLDP working with several global auto OEMs, and with AMZN on drones. Working with Kenworth on a fuel cell truck. BLDP has been cash flow neutral and adjusted EBIDTA positive in trailing 12 months. Buses are commercial revenue driver for now, but other applications in development. BLDP's sub Protonex recently achieved milestone C with the Army on a power management device.

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