Jan 4 (Reuters) - Ballard Power Systems Inc BLDP.TO :
* 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