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BLDP: Managing Through COVID-19 and the Outlook Ahead

BLDP: Managing Through COVID-19 and the Outlook Ahead


The alphaDIRECT Insight

We remain bullish on the long-term prospects of the global EV market driven by declining battery prices, tighter emissions standards and improved performance. We believe UQM remains a technology leader in this market as evidenced by the recent announcement with Meritor, which is the focus of this report. Specifically, the revolutionary E-axle technology allows customers to benefit from integrated solutions that should lead to meaningful cost savings, improve on component packaging requirements and improved vehicle performance long term. Furthermore, the relationship with Meritor should bring a strong global presence and established sales infrastructure to the table and help facilitate relationships with major commercial vehicle manufacturers around the world.

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Shawn Severson:  First, I would like to thank you, Tony, for taking the time to speak with us today. The last time we spoke with Ballard Power Systems, we discussed the total cost of ownership analysis for fuel cell electric vehicles relative to battery electric and internal combustion engine vehicles. Our focus today will be on Ballard’s response to COVID-19. Before we get started, could you give us a brief introduction of yourself and what brought you to Ballard?

Tony Guglielmin: Sure, thank you, Shawn. I joined Ballard as CFO ten years ago, back in 2010. At Ballard, I am responsible for all areas of finance as well as being responsible for strategic planning, corporate development, IT, legal and investor relations.

I started my career on the banking side and hold a CFA designation with most of my career having been centred around capital markets, M&A and investor relations. Prior to Ballard, I worked in a number of management roles in a number of different industries, including infrastructure, heavy equipment, electric utilities and banking.

I joined Ballard, as I suspect for the same reason  many others who you may have spoken to, which was for the opportunity to work in a company that will have a meaningful, positive impact on the climate change challenge.