Proton Motor Power Systems Share Discussion Threads

[skinny] 14/9/2023 06:02

Unaudited Interim Results for the six months to 30 June 2023

Proton Motor Power Systems plc (AIM: PPS), t he designer and producer of hydrogen fuel cells and hydrogen fuel cell electric hybrid systems , announces its unaudited interim results for the six months ended to 30 June 2023 (the "Period" or "H1 2023").

Operational Highlights

- Delivery of 19 fuel cell systems from across the Company's product range to customers
- Strengthened the board with the appointment of Mr. Ali Naini as a Non-Executive Director
- New 13,500m(2) production facility expected to support scale up of product production capacity:

o 15-year lease signed

o Good progress made in planning the transfer of manufacturing and development activities to the new site

Financial Highlights

- Order intake of GBP1.4m (H1 2022: GBP1.5m)
- Total order book at the Period end of GBP3.7m, including repeat orders from existing customers and income from maintenance agreements

- Sales of GBP929k (H1 2022: GBP980k)
- Generated a positive gross margin
- Increased existing loan facilities with principal shareholders by approximately EUR14.5m
Dr. Faiz Nahab, CEO of Proton Motor, commented :

"Activity during the period has been focused on continuing to position Proton Motor to be able to take advantage of the expected growth in demand for fuel cells, as the public and political will grows towards the transition to a decarbonised energy system. Part of that focus has been on ensuring the Company is well placed to scale production to meet demand, while there's also been a drive to grow and develop sales and marketing channels to support the delivery of more near-term opportunities and access to future demand. Having invested in products that we know are market-leading, turning our attention to scaling-up production and sales is a natural next step."

[skinny] 04/9/2023 06:05

Official presentation of new hydrogen fuel cell production facility

Proton Motor Power Systems plc (AIM: PPS), the designer and producer of hydrogen fuel cells and hydrogen fuel cell electric hybrid systems, is pleased to announce that on August 31(st) the company's new site, which represents a sevenfold increase in production space, was officially presented to approximately 80 Proton Motor customers, industry network players and media representatives at an opening event.

With the new 13,500qm(2) production facility in Fuerstenfeldbruck, near Munich, Proton Motor is setting a milestone in the industrialisation and serialisation of hydrogen fuel cells. The new production facility is expected to be operational in 2024, at which point the current Puchheim facility will become the development centre for fuel cell stacks and hydrogen fuel cell engines.

Dr. Faiz Nahab, CEO of Proton Motor, said:

"The new manufacturing and production facility will give Proton Motor the required capacity to produce, test and deliver hydrogen fuel cell engines to meet the increase in order volumes and to rapidly progress the commercialisation of our proven hydrogen fuel cell technology. Hydrogen and fuel cells will play a fundamental role in overcoming the climate energy crisis by providing sustainable energy solutions for the decarbonised future. We were very pleased to welcome many customers and industry partners to the opening of the new facility as we continue to grow and play a leading role in hydrogen markets."

[zingaro] 31/8/2023 11:21

From
www.proton-motor.de/en/

For an informal exchange on the potential of the “green” PPS energy share and the importance of decarbonization through zero-emission hydrogen fuel cell products from Proton Motor, a face-to-face investor event will be held on Thursday, September 14, 2023 at 5:30 p.m. UK time (6:30 p.m. German time) at the “Rosewood London” hotel (252 High Holborn, London WC1V 7EN). The event will include a presentation moderated by Board members Roman Kotlarzewski (Group Finance Director) and Manfred Limbrunner (Director Governmental Affairs and Communication), followed by a Q&A session with drinks and refreshments afterwards. All current and interested future shareholders are welcome with prior registration requested at [e-mail].

[takeiteasy] 25/7/2023 07:39

Very good point and I agree with you - they may not want rivals to know what the pricing points are to give bigger players any ideas of attacking this niche market (once they can guesstimate sales price/ possible profit margins ? It does mean our share price won't budge as some will assume low scale values in absence of this data ...

[zingaro] 25/7/2023 06:26

They never mention the sale price. I also wish that they could churn out one per day, or at least per week.

[skinny] 25/7/2023 06:16

New Order for a Standalone Fuel Cell System

Proton Motor Power Systems plc (AIM: PPS), the designer and producer of hydrogen fuel cells and hydrogen fuel cell electric hybrid systems, is pleased to announce that it has received an order from a supplier of gas related energy and infrastructure in Spain (the "Customer"), for a standalone fuel cell system based on a 50kW container solution. The system will be deployed by the end customer at a hotel in Palma de Mallorca, Spain, as part of the Green Hysland project.

The Green Hysland project aims to deploy a fully functioning hydrogen ("H2") ecosystem in Mallorca, turning the island into Europe's first H2 hub in Southern Europe. This will be achieved by producing green hydrogen from solar energy and delivering it to the end users, such as the island's tourism, transport, industry and energy sectors, including gas grid injection for green heat and power local end-use.

Proton Motor anticipates that the system will be delivered to the Customer in the first half of 2024, with revenues correspondingly being recognised in that year.

Dr. Faiz Nahab, CEO of Proton Motor, said:

"This is the Company's first order from within Spain and therefore represents a further expansion in its market footprint. It also demonstrates the versatility of the Company's offer, with the standalone solution being used across a variety of industries to deliver reliable, secure and clean energy for a range of business-critical systems. "

[tenapen] 13/7/2023 15:24

New 'repeat' order from DB Bahnbau and straight away we can see what the order is for.



DB Bahnbau - website

[tenapen] 13/7/2023 11:15

Thank you.

[skinny] 13/7/2023 09:51

A bit of PR :-

[skinny] 13/7/2023 07:23

New link "Proton Motor Power offerings" added to the header.

[tenapen] 12/7/2023 16:15

Hi Skinny,
If you think it helps people searching for a fuelcells, please add the below link to your header. I find it the clearest guide to the many PM offer. Thanks

[tenapen] 12/7/2023 15:06

Website Updated,




Also a Link to a YouTube presentation

[tenapen] 20/6/2023 14:38

Loving the hockey stick

:-)

[zingaro] 20/6/2023 07:26

Good that sales are increasing well - could be +50% for 2023, so that 2024 or 2025 they will match cash burn. But what a horrendous level of debt at about 10x cash burn. A huge mistake buying these a couple of years ago. Not worth selling now.

[tenapen] 20/6/2023 06:46

Pose your questions / concerns at this afternoon's Webinar - 3pm


Haggis.... sales will overtake cash-burm as Proton Motor become profitable.

[haggismchaggis] 20/6/2023 06:40

The dilution from the loan is 3% of the loan value, but at circa GBP 10 million cash burn a year equals dilution of 6.8% of the MCap per year. That's going to be the case for a few years by the looks of the revenues, so holders could be looking at a lot of dilution over the next few years. It's like a management buyout by stealth, they will own the lot eventually by buying out the remaining holders at no big premium.

[takeiteasy] 20/6/2023 06:35

Thanks for posting - is this what everyone was expecting - we have no analyst papers so rely on more informal feedback