Proton Motor signs cooperation agreement with Modl

RNS Number : 2995J

Proton Power Systems PLC

06 August 2012

 



Press Release

6 August 2012

Proton Power Systems plc

("Proton Power" or the "Company")

Proton Motor signs cooperation agreement with Modl

Proton Motor further addressing the market for stationary power supply through cooperation with Modl

Proton Power (AIM:PPS) is pleased to announce that its subsidiary Proton Motor Fuel Cell GmbH ("Proton Motor") has signed a cooperation agreement with Modl GmbH ("Modl") to address the need for interruption-free and energy efficient  storage for the stationary power supply market.

This is particularly relevant in Germany given the recent shutdown of nuclear power stations and the growing reliance on renewable energy supplies which are intermittent requiring increased storage.

Modl, Proton Motor's sales partner in southern Germany, has many years' experience in the market and a large customer base for stationary power supply. Modl delivers a complete cabinet solution, including peripherals, while Proton Motor contributes its expertise by supplying the stationary fuel cell system.

The market for energy efficient backup power supply is expected to experience significant growth in the near future, as expected power outages and power supply shortages become the focus of operators of mission critical applications such as hospitals, data centres, telecommunications companies and airports.

Emission-free, compact energy storage systems are in demand from key decision makers. Both partners will offer complete solutions for Uninterrupted Power Supply ("UPS") and grid shaving applications based on Proton Motors' hydrogen fuel cell technology and Modl's product portfolio.

The products are especially engineered to provide a long period of backup power of over five hours, are eco-friendly and compactly designed, offering a real alternative to noisy and high-emission diesel generators or pure battery applications. The products will range from 5 to 120 kW.

The first joint projects are underway and the Company will update the market accordingly with developments.

Thomas Melczer, Director of Business Development said, "Partnering with Modl, the leading supplier of intelligent power system solutions, demonstrates that Proton Motor is a key supplier of hydrogen-based fuel cell technology in Germany."

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For further information:

Proton Power Systems plc
John Wall, Chairman	Tel: [phone]
Achim Loecher, FD	Tel: [phone]
	www.protonpowersystems.com

Westhouse Securities Limited Nominated adviser and joint broker	Tel: [phone]
Antonio Bossi	www.westhousesecurities.com

Allenby Capital Limited Joint broker	Tel: [phone]
Nick Athanas	www.allenbycapital.com

Media enquiries:

Abchurch Communications Limited
Henry Harrison-Topham / Jamie Hooper	Tel: [phone]
[e-mail]	www.abchurch-group.com

Proton Motor Fuel Cell GmbH

Proton Motor is an expert in industrial fuel cells, fuel cell and hybrid systems with more than 17 years of experience in this sector. 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 Fuel Cell GmbH 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 is wholly owned subsidiary of Proton Power Systems plc. The company is on the London Stock Exchange listed since October 2006 (code: PPS).

Modl GmbH

Headquartered in Pappenheim Germany, Modl GmbH draws on more than 65 years' experience of combining advanced sheet metal processing with high-quality solutions in the field of electrical engineering solutions, all from one source. This guarantees maximum energy efficiency for top quality power product solutions such as reactive power compensation on low and medium voltage level applications as well as secured DC power-supply equipment and UPS systems. Modl GmbH also offers engineering and design services, as well as commissioning after-sales examinations to their customers.

 

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