Proton Motor Power Systems Share Discussion Threads

[rebel_ban] 02/7/2021 14:39

Some significant buying folks, it is not long now for some decent price action here...

[rebel_ban] 01/7/2021 19:00

Tena, I prefer management to err on the side caution but it also demonstrates to me as an investor that they are thrifty and sensible in the companies outlook...But undoubtedly, there's immense 'Value' to be had at these modest valuations.

[rebel_ban] 01/7/2021 13:07

That long is unrealistic Tena and climate change is providing the impetus to expedite whilst markets are future priced, albeit not that far ahead!

[rebel_ban] 01/7/2021 10:41

An ii is offloading here, there has been consistent sells of a significant number of shares recently...But to believe Hydrogen fuel technology is still in infancy is rather premature buddy...

[rebel_ban] 30/6/2021 15:52

A valuation lower than 'Mr Green' Bidens inauguration, hmmm, this is primed for action folks and very soon especially when the 'Narcissist' Elon Musk considers this to be single most significant threat to all things electric!

[skinny] 23/6/2021 16:08

A bit more PR :-

.

[zingaro] 22/6/2021 07:26

The MOU with Elektra sounds like good news:

From Thie website:
hxxps://www.electracommercialvehicles.com

Electra is bringing world class technology to the commercial vehicle world, converting low entry chassis from Mercedes, Dennis Eagle to 100% electric.
The technical capability of Electra extends to other chassis makes from leading suppliers like DAF, Isuzu, Iveco, MAN and many others.

[skinny] 22/6/2021 07:12

.



Proton Motor Power Systems plc (AIM: PPS), Europe's leading designer, developer and producer of hydrogen fuel cells and electric hybrid systems with a zero-carbon footprint, announces that it has signed a Memorandum of Understanding ("MoU") with Electra Commercial Vehicles Limited ("Electra") to develop the zero emission fuel cell truck market in the UK and Ireland.

Electra was founded in 2017 by Sid Sadique to develop, test and manufacture all electric trucks. It is the leading producer of zero emission trucks in the UK and has a production capacity for over 200 vehicles per annum. Electra supplies all electric trucks to a number of councils throughout the UK and Ireland as well as fleet operators. In order to provide its electric trucks with enhanced range and duty cycles, Electra wishes to incorporate a fuel cell range extender power pack into its vehicles. Demand for zero emission trucks in the UK is rapidly increasing, as local councils and large fleet operators plan to meet their carbon emission reduction targets. To meet this demand, Electra is planning to expand its production capacity in the next 12 months.

Under the MoU, Electra will act as system integrator to integrate Proton Motor's fuel cell systems into its existing electric truck portfolio. Proton Motor will provide engineering support and training to Electra during the development and qualification of their fuel cell trucks. Both parties will jointly develop a prototype vehicle for serial testing and type approval, which will allow Electra to make an unrestricted number of fuel cell powered trucks. Additionally, Electra will place an initial order for Proton Motor fuel cell systems to be incorporated into five of its trucks. Both parties have also agreed to carry out sales and marketing activities jointly in the UK.

Dr. Nahab, CEO of Proton Motor, commented : "We are delighted to have signed this Memorandum of Understanding with Electra, which is the leading manufacturer of all electric trucks in the UK. This will have the potential to further expand Proton Motor's extended reach within the mobility sector and secure a leading position in the UK market."

Sid Sadique, Chairman of Electra Commercial Vehicles Ltd, commented: "We have been assessing fuel cell systems from a number of suppliers and are very pleased to have signed the Memorandum of Understanding with Proton Motor. The system and engineering support from Proton will allow Electra to expedite the development of its new range of fuel cell - battery electric trucks that will help meet the increasing demand for zero emission trucks in the UK."

[jpuff] 15/6/2021 22:15

https://www.telegraph.co.uk/cars/news/land-rover-commits-hydrogen-fuel-cell-power-defender/

[zingaro] 10/6/2021 17:55

Well, I found the results disappointing, in particular the following point of the Loan Extensions RNS also issued this morning:
"The undrawn portions of the Loan Facilities are expected to allow the Company to satisfy its working capital needs until at least May 2022. However, it should be noted that the Company does not currently expect to generate net free cash by that time and therefore may require additional funding for future working capital needs."

[tenapen] 08/6/2021 17:30

Hi maxplus2,

I'd be okay with a fund raising for growth as long as shareholders were invited.

The results soon ! time will tell.

[maxplus2] 08/6/2021 12:45

Going down maybe a cash call. The cash position at 30 June 2020 was GBP337k vs. GBP930k at 30 June 2019.