January 4, 2018 / 4:03 AM / 5 months ago

BRIEF-Ballard says to divest some non-core assets​ at Protonex subsidiary

Jan 4 (Reuters) - Ballard Power Systems Inc:

* BALLARD ANNOUNCES NARROWED FOCUS AND FURTHER COST REDUCTIONS AT PROTONEX SUBSIDIARY

* BALLARD POWER SYSTEMS - IMPLEMENTED CERTAIN CHANGES AT PROTONEX, INCLUDING TO NARROW AND SHARPEN FOCUS OF BUSINESS BY DIVESTING SOME NON-CORE ASSETS​

* ACTIONS ARE EXPECTED TO YIELD ANNUALIZED COST SAVINGS OF $2.6 MILLION​

* SAYS ‍DIVESTITURE IS EXPECTED TO YIELD ANNUALIZED COST SAVINGS OF $1.4 MILLION PER YEAR​ Source text for Eikon: Further company coverage:

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