Trading Update

RNS Number : 5661C

Proton Power Systems PLC

20 January 2015

 



Proton Power Systems plc

("Proton Power" or the "Company")

Trading update

Proton Power Systems plc (AIM: PPS), the designer, developer and producer of fuel cells and fuel cell electric hybrid systems, announces  the following update on trading for the financial year ended 31 December 2014 ahead of full year results which are currently expected to be announced by the end of May 2015.

Unaudited turnover for the year to 31 December 2014 was €1.7 million with operating costs which are not expected to exceed  €7.5 million.

The management is working on several projects in Europe and Asia and sees great opportunities to continue to grow the business in 2015.

- Ends -

For further information:

Proton Power Systems plc
Achim Loecher, FD Thomas Melczer, Business Development	Tel: [phone] Tel: [phone]
	www.protonpowersystems.com

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

About 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 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 acquired SPower GmbH in 2013. Established in 2007, SPower 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).

 

END

 

 

TSTLLFSDLSIALIE