Further order from GKN

RNS Number : 1010J

Proton Motor Power Systems PLC

19 August 2021

 

19 August 2021

Proton Motor Power Systems plc

("Proton Motor" or the "Company")

Further order from GKN

Proton Motor Power Systems plc (AIM: PPS), Europe's leading designer, developer and producer of fuel cells and electric hybrid systems with a zero-carbon footprint, is pleased to announce that it has received a further order from GKN Hydrogen ("GKN") for an additional eight PM Module S8 fuel cell systems designed for the autonomous provision of energy and heat to be delivered in Q1 2022. GKN Hydrogen is part of GKN, the Aerospace, Automotive and Powder Metallurgy international business controlled by Melrose Industries plc.

Including previous orders, GKN has now ordered 25 PM Module S8 fuel cell systems in total and the Board of Proton Motor expects to receive further orders as GKN continues to deploy the Company's technology in its integrated HY2 systems.

GKN is deploying the HY2 systems in its own facilities and with its customers in  the residential, industrial and transportation sectors. Further information on GKN's HY2 systems can be found at www.gknhydrogen.com . Applications of the HY2 systems include IT back-up systems, off-grid power generation and plug-in electric car charging station.

For further information:

Proton Motor Power Systems plc
Dr Faiz Nahab, CEO Helmut Gierse, Chairman Brendan Bilton, Investor and Business Relations Sebastian Goldner, COO/CTO Roman Kotlarzewski, CFO Manfred Limbrunner, Director Sales and Marketing	Tel.: +44 (0)  7798 554 191 Tel: [phone] www.protonpowersystems.com [e-mail]
Shore Capital Nominated adviser and broker
Tom Griffiths / David Coaten	Tel: [phone] 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, stationary and rail 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 Cell 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).

 

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