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
  -7.50 -17.05% 36.50 36.00 37.00 44.00 35.20 44.00 980,949 15:46:23
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy 0.8 -29.5 -4.6 - 245

Proton Power Systems PLC Manufacturing robot

28/05/2019 7:01am

UK Regulatory (RNS & others)


Proton Motor Power Systems (LSE:PPS)
Historical Stock Chart

1 Year : From Jan 2019 to Jan 2020

Click Here for more Proton Motor Power Systems Charts.

TIDMPPS

RNS Number : 2023A

Proton Power Systems PLC

28 May 2019

 
        28 May 2019 
 

Proton Power Systems plc

("Proton" or the "Company")

Robot to increase manufacturing capacity delivered

Proton 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 further to the recent conclusion of cooperation and partnership agreements and clear signs that the industry demand for hydrogen fuel cells is rapidly increasing, it is presently installing a stack manufacturing robot which will allow it to increase production capacity to 5,000 fuel cell units per annum. The manufacturing robot relating to the project Fit-4-AMandA (Fit for Automatic Manufacturing and Assembly) was financed by the European Fuel Cells and Hydrogen Joint Undertaking (FCH JU) agency. Proton was one of 5 professional bodies that took part in the development and rigorous testing programme in order to perfect performance and manufacturing capacity of the robot.

In order to meet future increasing demand, plans are already in place to modify the machine layout to be able to produce up to 30,000 stack units per year. Proton would like to assure all its supporters and those believing in our zero CO2 footprint that the company is ready and able with its GEN 4 stack module and fuel cell to cope with the expected demand in this partially world saving industry. This contribution to the industry will serve mobile applications (buses, trucks, etc.), stationary applications (power generation, standby & continuous power), and maritime (yachts, ships).

Helmut Gierse, Chairman, said: "We are delighted with this important development in the Company's progress as it contributes greatly to manufacturing ability and puts Proton in a commanding position to receive larger quantity orders before the end of 2020."

For further information:

 
 Proton 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 
 
 
   Stockdale Securities Limited 
   Nominated adviser and broker          Tel: +44 (0) 20 7601 
                                         6100 
 Antonio Bossi / David Coaten          www.stockdalesecurities.com 
 

About Proton Motor Fuel Cell GmbH

Proton Motor is an expert with 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 wholly owned subsidiary of Proton Power Systems plc. The Company has been listed on the London Stock Exchange since October 2006 (code: PPS).

About Fuel Cells and Hydrogen Joint Undertaking

The Fuel Cells and Hydrogen Joint Undertaking (FCH JU) is a unique public private partnership supporting research, technological development and demonstration (RTD) activities in fuel cell and hydrogen energy technologies in Europe. Its aim is to accelerate the market introduction of these technologies, realising their potential as an instrument in achieving a carbon-clean energy system.

The three members of the FCH JU are the European Commission, fuel cell and hydrogen industries represented by Hydrogen Europe and the research community represented by Hydrogen Europe Research. https://fch.europa.eu/

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.

END

MSCEAXSLAEPNEFF

(END) Dow Jones Newswires

May 28, 2019 02:01 ET (06:01 GMT)

1 Year Proton Motor Power Systems Chart

1 Year Proton Motor Power Systems Chart

1 Month Proton Motor Power Systems Chart

1 Month Proton Motor Power Systems Chart
Your Recent History
LSE
PPS
Proton Mot..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20200123 16:31:58