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Whole Foods Market to Open Flagship Supermarket in London

Whole Foods Market Inc. (Nasdaq: WFMI) announced plans to open its first flagship store outside the U.S. and Canada – in London. The 75,000-square-foot supermarket is scheduled to open in early 2007. The London store is a “first step in expanding the Whole Foods Market brand in the United Kingdom and ultimately into other parts of Europe, where we believe the long-term growth potential is tremendous,” said Jim Sud, executive vice president of growth and business development. Just six of the company’s 170 stores are in the 60,000- to 80,000-square-foot range, with another 17 under development. The larger stores “take longer to reach maximum capacity and are less vulnerable to competition,” Sud said. In January 2004, Whole Foods acquired U.K.-based Fresh & Wild, a chain of seven natural foods markets, and announced plans to expand its brand to the country.

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Ballard Announces Supply Agreement for Fuel Cell-Powered Lift Truck Market

Ballard Power Systems (TSX:BLD; NASDAQ:BLDP) announced it has signed an Equipment Supply Agreement with Cellex Power(TM) Products, Inc. Ballard will deliver 27 Mk 902 4.8 kilowatt fuel cells to Cellex for integration into its power units for its upcoming beta trials. Cellex’s power products are designed to replace industrial lead acid batteries in electric lift trucks used in high throughput distribution centers. “Our decision to focus our efforts on fuel cell development, leaving systems integration to others, is beginning to bear fruit. The flexibility of our Mk 902 fuel cell platform, which was developed for automotive applications, enables us to meet our customers’ needs in multiple markets,” said Noordin Nanji, Ballard’s Vice President, Marketing and Business Development. Ballard expects to begin unit deliveries in the third quarter of 2005. The term of the ESA expires in the third quarter of 2006. If the field trials are successful, Ballard and Cellex intend to negotiate a follow-on supply agreement to support higher volumes in 2007 and beyond. Ballard’s liquid-cooled, hydrogen-fueled Mk 902 fuel cell is designed to perform in rugged conditions, can be configured for motive or stationary power applications, and is scalable in power increments from 4 kilowatts to 21 kilowatts […]

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Guzzle Gas, and Pretend

URL: http://www.boston.com/news/globe/editorial_opinion/oped/articles/2005/08/17/guzzle_gas_and_pretend/ Website: http://www.boston.com/news/globe/editorial_opinion/oped/articles/2005/08/17/guzzle_gas_and_pretend/     

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