Talgo has an industrial presence in
The modular system being designed by Talgo is intended for installation on all types of passenger trains, as well as in upgrades or retrofits from diesel to hydrogen power. The innovative system utilizes hydrogen and fuel cells for propulsion, complemented by batteries that assist the train from a standing start and take advantage of the braking system for recharging. Hydrogen technology is an appropriate solution for heavy transport applications such as trains, where railway lines do not currently have catenary electrification systems and depend on diesel engines.
About
Forward-looking statements
This release contains forward-looking statements concerning the development and delivery of fuel cell products, and the benefits and anticipated market adoption of them. These forward-looking statements reflect Ballard's current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any such statements are based on Ballard's assumptions relating to its financial forecasts and expectations regarding its product development efforts, manufacturing capacity, and market demand. For a detailed discussion of the factors and assumptions that these statements are based upon, and factors that could cause our actual results or outcomes to differ materially, please refer to Ballard's most recent management discussion & analysis. Other risks and uncertainties that may cause Ballard's actual results to be materially different include general economic and regulatory changes, detrimental reliance on third parties, successfully achieving our business plans and achieving and sustaining profitability. For a detailed discussion of these and other risk factors that could affect Ballard's future performance, please refer to Ballard's most recent Annual Information Form. These forward-looking statements are provided to enable external stakeholders to understand Ballard's expectations as at the date of this release and may not be appropriate for other purposes. Readers should not place undue reliance on these statements and Ballard assumes no obligation to update or release any revisions to them, other than as required under applicable legislation.
Further Information:
.
(C) 2021 M2 COMMUNICATIONS, source