Confirmed order

RNS Number : 8646Y

Proton Power Systems PLC

14 May 2019

 

14 May 2019

Proton Power Systems plc

("Proton" or the "Company")

Confirmed order for 150kW fuel cell package

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 it has received a confirmed order for €630K to provide a 150kw fuel cell package. This is to participate in a project, in line with the Paris agreement to reduce CO2 emission through the use of renewable energies, for production of hydrogen and the providing of further power through hydrogen fuel cells, in order to avoid overloading the power grid.

The project involves the provision of the three key components (electrolysis, tank system and fuel cell) and will also include recovery of waste heat generated as a by-product of the processes, which is to be integrated into the heat management of real estate, municipalities or cities. Of these components Proton will deliver the complete containerised fuel cell system and other fuel cell related components.

Proton can provide, together with cooperation partners, up to 10MW of prime power for stationary applications.

For further information:

Proton Power Systems plc
Dr Faiz Nahab, CEO Helmut Gierse, Chairman Sebastian Goldner, COO/CTO Roman Kotlarzewski, CFO Manfred Limbrunner, Director Sales and Marketing	Tel: [phone] [e-mail] www.protonpowersystems.com
Stockdale Securities Limited Nominated adviser and broker	Tel: [phone]
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).

 

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