Share Name Share Symbol Market Type Share ISIN Share Description
Proton Motor Power Systems Plc LSE:PPS London Ordinary Share GB00B140Y116 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  10.00 11.9% 94.00 92.00 95.00 96.50 86.00 86.00 5,526,718 16:35:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy 0.8 -191.7 -29.5 - 688

Proton Motor Power Systems PLC Further details on existing order

26/11/2020 7:00am

RNS Non-Regulatory


Proton Motor Power Systems PLC

26 November 2020

        26 November 2020 

Proton Motor Power Systems plc

("Proton Motor" or the "Company")

Further details on existing order for the rail segment

On 4 February 2020 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, announced that it had received an order from a new customer in Europe for a Hydrogen Fuel Cell system to be integrated into a mobility related application. Delivery is scheduled for May 2021.

Proton Motor has now been given clearance to announce further details with regard to the order as follows:

The order consists of the world's first integration of a fuel cell into a rail milling machine as part of the flagship project "MG11 H2" of the Austrian corporation Linsinger Maschinenbau Gesellschaft m.b.H. ( ), the world market leader in rail milling machines. This project was recently officially presented at the Linsinger headquarters to the media and to representatives from business and local government.

Proton Motor will be delivering a 214 kW hydrogen fuel cell system specifically adapted to Linsinger's requirements. The high-performance milling machine MG11 has a purely electric drive, without any hydraulics. This means that Linsinger's future rail milling machines, which will replace those currently powered by diesel engines, will be providing a solution to the increasingly stringent regulations regarding pollution from exhausts and excessive noise levels. Especially in underground tunnels, the new machine has clear advantages over current diesel powered machines. Furthermore the health risk of the operating crew will also be minimised via the emission-free milling concept, which also eliminates dust pollution.

Dr. Nahab, CEO of Proton, commented: "Here we have a clear indication of hydrogen as an environmentally friendly energy source generating substantial added value in the rail segment - and not only in passenger transport. Rail maintenance benefits from Proton Motor's innovative zero-emission cleantech solutions."

For further information:

 Proton Motor Power Systems plc 
 Dr Faiz Nahab, CEO 
  Helmut Gierse, Chairman 
  Sebastian Goldner, COO/CTO 
  Roman Kotlarzewski, CFO                Tel: +49 (0) 173 189 
  Manfred Limbrunner, Director Sales     0923 
  and Marketing                 
 Shore Capital 
  Nominated adviser and broker 
 Antonio Bossi / David Coaten          Tel: +44 (0) 20 7408 

About Proton Motor Fuel Cell GmbH

Proton Motor has more than 20 years of experience in Power Solutions using CleanTech technologies such as hydrogen fuel cells, fuel cell and hybrid systems with a zero carbon footprint. Based in Puchheim near Munich, Proton Motor offers complete fuel cell and hybrid systems from a single source - from the development and production through the implementation of customized solutions. The focus of Proton Motor is on back-to-base, for example, for mobile, marine and stationary solutions applications. The product portfolio consists of base-fuel cell systems, standard complete systems, as well as customized systems.

Proton Motor serves IT, Telecoms, public infrastructure and healthcare customers in Germany, Europe and Middle East with power supply solutions for DC and AC power demand. In addition to power supply, SPower also offers solutions for Solar Systems as well as a new product line for Solar Energy Storage.

Proton Motor Fuel Cells GmbH is a wholly owned subsidiary of Proton Motor Power Systems plc. The Company has been quoted on the AIM market of the London Stock Exchange since October 2006 (code: PPS).

About Linsinger Maschinenbau Gesellschaft mbH

Linsinger has a tradition of more than 80 years as a global leader for milling, sawing and rail technology. Linsinger's aim is to maintain their technological edge in the market, by listening to customers and offering optimal products and services in order to support the successful operations of more than 400 satisfied clients.

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November 26, 2020 02:00 ET (07:00 GMT)

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