Ballard has $87M in committed orders for delivery in 2017
Ballard has committed orders of $87M expected for delivery in 2017, along with a significant pipeline of qualified commercial sales opportunities. The company believes that these orders and the sales pipeline, along with current market conditions and its strategic, competitive and balance sheet positioning, support continued revenue growth, gross margin expansion and improved financial performance in 2017. China is expected to account for an increased proportion of total revenue in 2017. Ballard anticipates growth in Power Products in 2017, supported by increased activity in Heavy Duty Motive and growth in Portable Power. The company expects Technology Solutions to account for a larger proportion of total revenue in 2017, supported by work related to contracts in China as well as engineering services work with automotive partners. In addition, Technology Solutions work is expected with customers in the rail, military and unmanned aerial vehicle sectors.