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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
  5.00 4.17% 125.00 121.00 126.00 136.50 116.50 123.50 5,185,840 16:35:25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy 0.8 -191.7 -29.5 - 915

Proton Motor Power Systems PLC New Order

16/11/2020 7:00am

UK Regulatory (RNS & others)


Proton Motor Power Systems (LSE:PPS)
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From Oct 2020 to Jan 2021

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TIDMPPS

RNS Number : 3514F

Proton Motor Power Systems PLC

16 November 2020

 
        16 November 2020 
 

Proton Motor Power Systems plc

("Proton Motor" or the "Company")

New Order

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 for its newly released product PM Frame, which is available in power level intervals of 21, 28, 36 and 43 kW to work as an uninterruptible power supply unit (UPS).

The system will be installed as a UPS system within road tunnels. Road tunnels have to be equipped with UPS systems for safety reasons to power, in the event of an accident or grid failure, the necessary equipment such as lighting, air ventilation, and safety equipment for a temporary period.

Fuel cells in combination with hydrogen have advantages compared to batteries and diesel gen sets with regard to service and maintenance, energy density, availability and are totally emission free.

This initial unit is the first of a potential of 300 units from this customer.

Dr. Nahab, CEO of Proton, commented: "This is excellent news for Proton illustrating demand for hydrogen fuel cells to provide stand by clean hydrogen driven energy instead of diesel within the road infrastructure segment."

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                          www.protonpowersystems.com 
                                         investor-relations@proton-motor.de 
 Shore Capital 
  Nominated adviser and broker 
 Antonio Bossi / David Coaten          Tel: +44 (0) 20 7408 
                                        4050 
                                        www.shorecap.co.uk 
 

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).

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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END

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(END) Dow Jones Newswires

November 16, 2020 02:00 ET (07:00 GMT)

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