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<SEC-DOCUMENT>0001309014-09-000063.txt : 20090127
<SEC-HEADER>0001309014-09-000063.hdr.sgml : 20090127
<ACCEPTANCE-DATETIME>20090127105935
ACCESSION NUMBER:		0001309014-09-000063
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20090127
FILED AS OF DATE:		20090127
DATE AS OF CHANGE:		20090127

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ballard Power Systems Inc.
		CENTRAL INDEX KEY:			0001453015
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRICAL INDUSTRIAL APPARATUS [3620]
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-53543
		FILM NUMBER:		09547049

	BUSINESS ADDRESS:	
		STREET 1:		9000 GLENLYON PARKWAY
		CITY:			BURNABY
		STATE:			A1
		ZIP:			V5J 5J8
		BUSINESS PHONE:		206-903-8850

	MAIL ADDRESS:	
		STREET 1:		9000 GLENLYON PARKWAY
		CITY:			BURNABY
		STATE:			A1
		ZIP:			V5J 5J8

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	7076991 Canada Inc.
		DATE OF NAME CHANGE:	20090102
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>htm_3642.htm
<DESCRIPTION>LIVE FILING
<TEXT>
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Ballard Power Systems Inc.&nbsp;-&nbsp;Form&nbsp;6-K
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<A NAME="DOCUMENT_TOP">&nbsp;</A>
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<FONT size="+1"><B>
UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</B>
</P>

<P>
<CENTER>
<FONT SIZE="+2" FACE="Arial"><B>Form 6-K</B></FONT><BR>

</CENTER>
</P>

<P>
<CENTER>
<FONT size="+1">
REPORT OF FOREIGN PRIVATE ISSUER<BR>PURSUANT TO RULE 13a-16 OR 15d-16<BR>UNDER THE SECURITIES EXCHANGE ACT OF 1934
</FONT>
</CENTER>
</P>
<P>
<CENTER>
January 27, 2009
</CENTER>
</P>
<P>
<CENTER>
Commission File Number: 000-25270
</CENTER>
</P>
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<!-- Cover Page Registrant -->
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    <TD VALIGN="BOTTOM" ALIGN="CENTER" WIDTH="100%" COLSPAN="5">
	<FONT SIZE="+2"><B>Ballard Power Systems Inc.</B></FONT><BR>
	<FONT SIZE="-7">&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;</FONT>
    </TD>
  </TR>
  <TR>
    <TD VALIGN="CENTER" ALIGN="CENTER" WIDTH="100%" COLSPAN="5">
	<FONT SIZE="-1">(Translation of registrant&#146;s name into English)</FONT>
    </TD>
  </TR>
  <TR>
    <TD VALIGN="BOTTOM" ALIGN="CENTER" WIDTH="100%" COLSPAN="5">
	&nbsp;
    </TD>
  </TR>
<TR><TD VALIGN="BOTTOM" ALIGN="CENTER" WIDTH="100%" COLSPAN="5"><FONT FACE="Courier" SIZE="+0">Canada</FONT><BR><FONT SIZE="-7">&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;</FONT></TD></TR><TR><TD VALIGN="CENTER" ALIGN="CENTER" WIDTH="100%" COLSPAN="5"><FONT SIZE="-1">(Jurisdiction of incorporation or organization)</FONT></TD></TR><TR><TD VALIGN="BOTTOM" ALIGN="CENTER" WIDTH="100%" COLSPAN="5">&nbsp;</TD></TR>
  <TR>
    <TD VALIGN="BOTTOM" ALIGN="CENTER" WIDTH="100%" COLSPAN="5">
      <FONT FACE="Courier" SIZE="+0">9000 Glenlyon Parkway<br>Burnaby, BC<br>V5J 5J8<br>Canada</FONT>
    </TD>
  </TR>
  <TR>
    <TD VALIGN="BOTTOM" ALIGN="CENTER" WIDTH="100%" COLSPAN="5">
        <FONT SIZE="-7">&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;</FONT><BR>
	    <FONT SIZE="-1">(Address of principal executive office)</FONT>
    </TD>
  </TR>
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    <TD VALIGN="BOTTOM" ALIGN="CENTER" WIDTH="100%" COLSPAN="5">
	&nbsp;
    </TD>
  </TR>
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	Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:&nbsp;&nbsp;[<FONT FACE="Courier">&nbsp;</FONT>]&nbsp;Form 20-F&nbsp;&nbsp;&nbsp;&nbsp;[<FONT FACE="Courier">x</FONT>]&nbsp;Form 40-F
    </TD>
  </TR>
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    <TD VALIGN="BOTTOM" ALIGN="LEFT" COLSPAN="5" WIDTH="100%">
        &nbsp;
    </TD>
  </TR>

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    <TD VALIGN="BOTTOM" ALIGN="LEFT" COLSPAN="5" WIDTH="100%">
        Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):&nbsp;&nbsp;[<FONT FACE="Courier">&nbsp;</FONT>]
    </TD>
  </TR>

  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" COLSPAN="5" WIDTH="100%">
        &nbsp;
    </TD>
  </TR>

  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" COLSPAN="5" WIDTH="100%">
        Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):&nbsp;&nbsp;[<FONT FACE="Courier">&nbsp;</FONT>]
    </TD>
  </TR>

  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" COLSPAN="5" WIDTH="100%">
        &nbsp;
    </TD>
  </TR>

  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" COLSPAN="5" WIDTH="100%">
        Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:&nbsp;&nbsp;[<FONT FACE="Courier">&nbsp;</FONT>]&nbsp;Yes&nbsp;&nbsp;&nbsp;&nbsp;[<FONT FACE="Courier">x</FONT>]&nbsp;No
    </TD>
  </TR>

  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" COLSPAN="5" WIDTH="100%">
        &nbsp;
    </TD>
  </TR>
</TABLE>

<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">
  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="100%">
        If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):&nbsp;&nbsp;&nbsp;<FONT FACE="Courier"><U>&nbsp;n/a&nbsp;</U></FONT>
    </TD>
  </TR>
  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="100%">
        &nbsp;
    </TD>
  </TR>
</TABLE>
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<PRE>

</PRE>
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<FONT SIZE="+1">
<CENTER>
<B>SIGNATURES</B>
</CENTER>
</FONT>
<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">
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    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="100%">
       &nbsp;
    </TD>
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    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="100%">
       Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
    </TD>
  </TR>
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    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="100%">
       &nbsp;
    </TD>
  </TR>
</TABLE>
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<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">
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    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="40%">
       &nbsp;
    </TD>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="4%%">
       &nbsp;
    </TD>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="56%">
       Ballard Power Systems Inc.
    </TD>
  </TR>

  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="40%">
       &nbsp;
    </TD>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="4%%">
       &nbsp;
    </TD>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="56%">
       &nbsp;
    </TD>
  </TR>

  <TR>
    <TD VALIGN="TOP" ALIGN="LEFT" WIDTH="40%">
       Date: January 27, 2009
    </TD>
    <TD VALIGN="TOP" ALIGN="LEFT" WIDTH="4%%">
       By:
    </TD>
    <TD VALIGN="TOP" ALIGN="LEFT" WIDTH="56%">
       Glenn Kumoi<BR><HR WIDTH="30%" NOSHADE>
    </TD>
  </TR>

  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="40%">
       &nbsp;
    </TD>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="4%%">
       Name:&nbsp;
    </TD>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="56%">
       Glenn Kumoi
    </TD>
  </TR>

  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="40%">
       &nbsp;
    </TD>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="4%%">
       Title:
    </TD>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="56%">
       VP Human Resources & Chief Legal Officer
    </TD>
  </TR>
  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="40%">
       &nbsp;
    </TD>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="4%%">
       &nbsp;
    </TD>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="56%">
       &nbsp;
    </TD>
  </TR>
</TABLE>
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<CENTER>
<FONT SIZE="+1"><B>
EXHIBIT&nbsp;INDEX
</B></FONT>
</CENTER>
<BR>
<CENTER>
<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="60%">
  <TR VALIGN="BOTTOM">
    <TD NOWRAP ALIGN="LEFT" WIDTH="8%">
      <FONT SIZE="-1"><B>Exhibit No.</B></FONT>
    </TD>
    <TD WIDTH="15%">
      &nbsp;
    </TD>
    <TD NOWRAP ALIGN="LEFT" WIDTH="77%">
      <FONT SIZE="-1"><B>Description</B></FONT>
    </TD>
  </TR>
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    <TD NOWRAP ALIGN="CENTER" WIDTH="8%">
      <HR SIZE="1" NOSHADE>
    </TD>
    <TD WIDTH="15%">
      &nbsp;
    </TD>
    <TD NOWRAP ALIGN="CENTER" WIDTH="77%">
      <HR ALIGN="LEFT" SIZE="1" WIDTH="88%" NOSHADE>
    </TD>
  </TR>
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      <FONT SIZE="-1">99.1<FONT>
    </TD>
    <TD WIDTH="15%">
       &nbsp;
    </TD>
    <TD ALIGN="LEFT" VALIGN="TOP" WIDTH="77%">
      <FONT SIZE="2">Ballard Reports 2008 Operating Achievements and Provides 2009 Outlook</FONT>
    </TD>
  </TR>
<!-- End Exhibit Index Item -->
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    <TD VALIGN="TOP" WIDTH="8%" nowrap>
      &nbsp;
    </TD>
    <TD WIDTH="15%">
       &nbsp;
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    <TD ALIGN="LEFT" VALIGN="TOP" WIDTH="77%">
      &nbsp;
    </TD>
  </TR>
</TABLE>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exhibit1.htm
<DESCRIPTION>EX-99.1
<TEXT>
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Exhibit&nbsp;&nbsp;EX-99.1
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<BODY style="font-family: 'Times New Roman',Times,serif">


<P align="left" style="font-size: 10pt"><FONT style="font-size: 10pt">Ballard Power Systems
</FONT>

<P align="left" style="font-size: 10pt">News Release


<P align="left" style="font-size: 10pt"><B>Ballard Reports 2008 Operating Achievements and Provides 2009 Outlook</B>


<P align="left" style="font-size: 10pt"><B>For Immediate Release &#150; January&nbsp;26, 2009</B>


<P align="left" style="font-size: 10pt">VANCOUVER, CANADA &#150; Ballard Power Systems (TSX: BLD; NASDAQ: BLDPD) announced its operating
achievements for the year ended December&nbsp;31, 2008 and provided an outlook for 2009 today. All
amounts are in U.S. dollars, unless otherwise noted.


<P align="left" style="font-size: 10pt">&#147;2008 was a successful year for Ballard, both in terms of solid operating results and
transformational progress,&#148; said John Sheridan, President and CEO. &#147;Given this progress, our
outlook for 2009 is for strong commercial growth, despite the challenging macro-economic
conditions. We expect this to be driven primarily by sales of our FCgen<sup>TM</sup> products for
backup power in India and the EU, and FCvelocity<sup>TM</sup> products for material handling in the
USA&#148;.


<P align="left" style="font-size: 10pt"><B>2008 Achievements</B>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Transformational Progress</U></TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Completed strategic re-positioning with the closing of the automotive transaction on
January&nbsp;31, recording a $97&nbsp;million gain.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Strengthened financial position by further reducing operating cash
consumption<sup>1</sup>, and by augmenting cash reserves with the closing of the
non-dilutive financing transaction with Superior Plus on December&nbsp;31, with net cash
proceeds of approximately $34&nbsp;million.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Accelerated fuel cell product adoption as evidenced by the high volume supply agreement
with ACME Tele Power announced on October&nbsp;9, and the extended supply agreement with Plug
Power in tandem with the Central Grocers full fleet order for 220 GenDrive<sup>TM</sup>
units announced by Plug on December&nbsp;11.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Solid Operating Results</U></TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Product shipments exceeded Ballard&#146;s 2008 target of 1,700 units, with a total of 1,855
units shipped.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Revenue met revised guidance, ending the year at approximately $59&nbsp;million (unaudited),
achieving approximately 15% growth over prior year&#146;s revenue on a pro-forma basis, adjusting
for automotive engineering development.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Operating cash consumption<sup>1</sup> met full year guidance at approximately $29
million (unaudited), down 24% from 2007, despite a $3&nbsp;million negative impact in 2008 from
FX losses resulting from mark to market adjustments on Canadian monetary assets.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cash reserves of approximately $85&nbsp;million.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">Please note that the 2008 financial results are unaudited and Ballard expects to release its
audited 2008&nbsp;year-end financial results on March&nbsp;4, 2009.


<P align="left" style="font-size: 10pt"><B>2009 Outlook</B>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Growth in total product shipments to 4,000 units, more than double the 2008 level</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Material Handling &#151; 1,000 FCvelocity<sup>TM</sup>-9SSL units;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Backup Power &#151; 2,500 FCgen<sup>TM</sup>-1020 and FCgen<sup>TM</sup>-1300 units; and</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Residential Cogeneration &#150; 500 FCgen<sup>TM</sup>-1030 units.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Revenue growth of 15% to 30% ($68&nbsp;million to $78&nbsp;million).</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Operating cash consumption<sup>1</sup> reduction of 7% to 40% ($17&nbsp;million to $27&nbsp;million).</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">The operating cash consumption<sup>1</sup> outlook reflects a year over year improvement in product
and service margins and significant reductions in operating expenses and working capital
requirements, partially offset by increased expenditures of approximately $3&nbsp;million for
FCgen<sup>TM</sup>-1300 product development and approximately $5&nbsp;million for increased production
capacity for projected 2010 volume growth.


<P align="left" style="font-size: 10pt"><B>Conference Calls</B>
<BR>
Ballard will hold a conference call to discuss its 2008 operating achievements and provide an
outlook for 2009 on Tuesday, January&nbsp;27, 2009 at 8:00 a.m. PST (11:00&nbsp;a.m. EST). Access to the
January&nbsp;27<sup>th</sup>, call may be obtained by calling the operator at &#043;1-604-638-5340 before the
scheduled start time. A playback version of the call will be available for 24 hours after the call
at &#043;1-604-638-9010. The confirmation number to access the playback is 6325#. The simultaneous
audio web cast can be accessed at http://services.choruscall.com/links/ballard090127.html and will
be archived for replay.


<P align="left" style="font-size: 10pt">Ballard will also hold a conference call to discuss its 2008 fourth quarter and year-end financial
results on March&nbsp;4, 2009. Further details will be announced closer to the date.


<P align="left" style="font-size: 10pt"><B>About Ballard Power Systems</B>
<BR>
Ballard Power Systems (TSX: BLD; NASDAQ: BLDPD) is recognized as a world leader in the design,
development, manufacture and sale of clean energy fuel cell products. Ballard&#146;s mission is to
accelerate fuel cell product adoption. To learn more about what Ballard is doing with Power to
Change the World</FONT><FONT style="font-size: 6.5pt">&#174;</FONT><FONT style="font-size: 10pt">, visit www.ballard.com.
</FONT>

<P align="left" style="font-size: 10pt">As per NASDAQ rules, for a period of 20 trading days following the effective date of the plan of
arrangement with Superior Plus Income Fund, the company will trade on the NASDAQ Global Market
under the symbol &#147;BLDPD&#148; to notify the market that the company has gone through a substitution
listing event. Beginning on February&nbsp;2, 2009, the company will trade again under the usual symbol
of &#147;BLDP&#148;.


<P align="left" style="font-size: 10pt">This release contains forward-looking statements, including the estimated product shipments,
revenue and operating cash consumption<sup>1</sup>, which are provided to enable external
stakeholders to understand Ballard&#146;s outlook as at the date of this release and may not be
appropriate for other purposes. These forward-looking statements are based on the beliefs and
assumptions of Ballard&#146;s management and reflect Ballard&#146;s current expectations as contemplated
under section 27A of the Securities Act of 1933, as amended, and Section&nbsp;21E of the Securities
Exchange Act of 1934, as amended. Such assumptions relate to Ballard&#146;s financial forecasts and
expectations regarding its product development efforts, manufacturing capacity, and market demand,
and include matters such as generating new sales, producing and delivering the expected number of
units, and controlling its costs.


<P align="left" style="font-size: 10pt">These statements involve risks and uncertainties that may cause Ballard&#146;s actual results to be
materially different, including, without limitation, the rate of mass adoption of its products,
product development delays, changing environmental regulations, its ability to attract and retain
business partners and customers, its access to funding, increased competition, its ability to
protect its intellectual property, changes in its customers&#146; requirements, foreign exchange impacts
on its net monetary assets and its ability to provide the capital required for product development,
operations and marketing. For a detailed discussion of these risk factors and other risk factors
that could affect Ballard&#146;s future performance, please refer to Ballard&#146;s most recent Annual
Information Form. Readers should not place undue reliance on Ballard&#146;s forward-looking statements
and Ballard assumes no obligation to update or release any revisions to these forward looking
statements, other than as required under applicable legislation.


<P align="left" style="font-size: 10pt"><FONT style="font-size: 7.5pt"><U><B>Endnotes:</B></U>
</FONT>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 7.5pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><sup>1</sup></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Operating cash consumption is a non-GAAP measure used to assist in assessing Ballard&#146;s
financial performance. Non-GAAP measures do not have any standardized meaning prescribed by GAAP
and are therefore unlikely to be comparable to similar measures presented by other companies.
Operating cash consumption measures the amount of cash required to fund the operating activities of
Ballard&#146;s business and excludes financing and investing activities except for additions to
property, plant and equipment.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 7.5pt"><FONT style="font-size: 10pt">For further information, or to arrange an interview with a Ballard spokesperson, please
contact Amy Harada Bradley at telephone number 604-412-7913 or on e-mail amy.harada@ballard.com.
Ballard, the Ballard logo and Power to Change the World are registered trademarks of Ballard Power
Systems Inc.
</FONT>


<P align="center" style="font-size: 10pt; display: none">


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