Proton Motor Power Systems PLC New order (6223A)

TIDMPPS

RNS Number : 6223A

Proton Motor Power Systems PLC

22 January 2020

 
        22 January 2020 
 

Proton Motor Power Systems plc

("Proton" 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, following the delivery in January 2020 of an initial system, a confirmed order has been received from E-Trucks Europe in Lommel, Belgium, for further HyRange 45 Hydrogen Fuel Cell systems for refuse collection trucks, with an approximate total value exceeding EUR 400K. Deliveries are scheduled between May 2020 and December 2020.

This order stems from the EU funding project "Refuse Vehicle Innovation and Validation in Europe," "REVIVE", (www.h2revive.eu). The corresponding tender, running from 2018 to 2021, is targeting the construction and commissioning of 15 commercial vehicles for refuse collection.

Dr. Nahab, CEO of the Company, commented: "We are delighted with this order as it further confirms the European appetite for cleaner cities and is a clear indication for higher demand for hydrogen as a clean energy source."

For further information:

 
 Proton Motor Power Systems plc 
 Dr Faiz Nahab, CEO 
  Helmut Gierse, Chairman 
  Sebastian Goldner, COO/CTO 
  Roman Kotlarzewski, CFO                Tel: [phone] 
  Manfred Limbrunner, Director Sales     0923 
  and Marketing                          www.protonpowersystems.com 
 
 Shore Capital 
  Nominated adviser and broker 
 Antonio Bossi / David Coaten          Tel: [phone] 
                                        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).

About E-Trucks Europe

E-Trucks Europe, founded in 2010, is consistently seeking innovative possibilities for sustainable transportation. E-Trucks produce hydrogen-electric hybrid vehicles that have an electric powertrain, which are therefore quiet and produce no harmful emissions. The built in hydrogen system, converting hydrogen to electricity, makes it possible to use the vehicles 24 hours a day whilst maintaining a clean environment. E-Trucks Europe develop, build, sell, rent, service, maintain and repair hydrogen-electric trucks.

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 [e-mail] or visit www.rns.com.

END

MSCPPUQCGUPUGWP

(END) Dow Jones Newswires

January 22, 2020 08:49 ET (13:49 GMT)