Proton Motor Power Systems Share Discussion Threads

[skinny] 22/6/2021 06:12

.



Proton Motor Power Systems plc (AIM: PPS), Europe's leading designer, developer and producer of hydrogen fuel cells and electric hybrid systems with a zero-carbon footprint, announces that it has signed a Memorandum of Understanding ("MoU") with Electra Commercial Vehicles Limited ("Electra") to develop the zero emission fuel cell truck market in the UK and Ireland.

Electra was founded in 2017 by Sid Sadique to develop, test and manufacture all electric trucks. It is the leading producer of zero emission trucks in the UK and has a production capacity for over 200 vehicles per annum. Electra supplies all electric trucks to a number of councils throughout the UK and Ireland as well as fleet operators. In order to provide its electric trucks with enhanced range and duty cycles, Electra wishes to incorporate a fuel cell range extender power pack into its vehicles. Demand for zero emission trucks in the UK is rapidly increasing, as local councils and large fleet operators plan to meet their carbon emission reduction targets. To meet this demand, Electra is planning to expand its production capacity in the next 12 months.

Under the MoU, Electra will act as system integrator to integrate Proton Motor's fuel cell systems into its existing electric truck portfolio. Proton Motor will provide engineering support and training to Electra during the development and qualification of their fuel cell trucks. Both parties will jointly develop a prototype vehicle for serial testing and type approval, which will allow Electra to make an unrestricted number of fuel cell powered trucks. Additionally, Electra will place an initial order for Proton Motor fuel cell systems to be incorporated into five of its trucks. Both parties have also agreed to carry out sales and marketing activities jointly in the UK.

Dr. Nahab, CEO of Proton Motor, commented : "We are delighted to have signed this Memorandum of Understanding with Electra, which is the leading manufacturer of all electric trucks in the UK. This will have the potential to further expand Proton Motor's extended reach within the mobility sector and secure a leading position in the UK market."

Sid Sadique, Chairman of Electra Commercial Vehicles Ltd, commented: "We have been assessing fuel cell systems from a number of suppliers and are very pleased to have signed the Memorandum of Understanding with Proton Motor. The system and engineering support from Proton will allow Electra to expedite the development of its new range of fuel cell - battery electric trucks that will help meet the increasing demand for zero emission trucks in the UK."

[jpuff] 15/6/2021 21:15

https://www.telegraph.co.uk/cars/news/land-rover-commits-hydrogen-fuel-cell-power-defender/

[zingaro] 10/6/2021 16:55

Well, I found the results disappointing, in particular the following point of the Loan Extensions RNS also issued this morning:
"The undrawn portions of the Loan Facilities are expected to allow the Company to satisfy its working capital needs until at least May 2022. However, it should be noted that the Company does not currently expect to generate net free cash by that time and therefore may require additional funding for future working capital needs."

[tenapen] 08/6/2021 16:30

Hi maxplus2,

I'd be okay with a fund raising for growth as long as shareholders were invited.

The results soon ! time will tell.

[maxplus2] 08/6/2021 11:45

Going down maybe a cash call. The cash position at 30 June 2020 was GBP337k vs. GBP930k at 30 June 2019.

[volsung] 01/6/2021 18:00

Unfortunately not tenapen.
However can’t win ‘em all

[tenapen] 01/6/2021 16:58

As Scottish Fuel Cell Association member, German cleantech expert with UK parent company manufactured containerized 75 kW system for Kirkwall Harbour in 2017. |

The Duke and Duchess of Cambridge visited the Orkney Islands of Scotland last week in pursuit of solutions for tackling climate change and supporting the UK’s green economic recovery. Their Royal Highnesses visited the "European Marine Energy Centre" (EMEC) tidal test facility to hear about the test centre’s role in developing an ocean energy industry and with pioneering green hydrogen deployments.

Cont...

--------

:::Boom:::

:-)

[tenapen] 01/6/2021 15:55

I hope you made a wee profit, Volsung.

Final results due this month !

2020 - 23rd June
2019 - 14th june

Fingers crossed.

[volsung] 01/6/2021 09:57

For better or worse I've used this rise to sell.
GLA who remain

[tenapen] 29/5/2021 17:39

____

If only we knew of a German fuel cell company that 'could maybe' ! take advantage Mmmmmmm !

[tenapen] 26/5/2021 20:17

A news / overview link taken from Proton Motor.



Also

O/T PPS - on topic the tough new transport emissions rules from 2025

[tenapen] 25/5/2021 15:18

Proton Motor Power Systems plc (AIM: PPS), the designer, developer and producer of fuel cells and fuel cell electric hybrid systems with a zero-carbon footprint, announces that it has received an order from Vonovia SE, Germany's leading nationwide residential real estate company, to provide a 36 kW fuel cell system with direct 400 VAC grid connection for a housing project in Bochum, Germany. The total value of the order is approximately EUR 110K.







Protons fuel cell is in the video at 2.09mins

With thanks to 'DerSack' for posting on lse and providing this link.

[ny boy] 21/5/2021 13:45

Recovery underway, bargain hunters returned, too good to miss Sir!

[alexmac6] 20/5/2021 23:06

Trading 212 sorry I have found it on another broker thank you for reply I'm looking more into the company now

[alexmac6] 20/5/2021 17:42

Hi guys where can I view this stock csnt find it on T212