Proton Power Systems PLC Joint Venture Agreement (5564M)
09 Enero 2019 - 1:00AM
UK Regulatory
TIDMPPS
RNS Number : 5564M
Proton Power Systems PLC
09 January 2019
9 January 2019
Proton Power Systems plc
("Proton" or the "Company")
Joint Venture Agreement
Proton Power Systems plc (AIM: PPS), the designer, developer and
producer of fuel cells and fuel cell electric hybrid systems, is
pleased to announce that it has signed a joint venture agreement to
establish Clean Logistics GmbH ("Clean Logistics"), a company
registered in Hamburg, Germany, which has the objective of building
heavy duty trucks purely run on fuel cell hybrid systems, using
hydrogen fuel cells in the range of 75 - 150KW (the "Joint
Venture").
Proton owns 33.33% of the share capital of Clean Logistics,
together with its joint venture partners Höpen GmbH (33.33%), a
private holding with participations into the battery company
INVENOX GmbH and electric vehicle development company E-Cap
Mobility GmbH (a company which specialises in the conversion of
combustion vehicles into electric vehicles), and Hary AG (33.33%),
a modular transport service provider.
The Joint Venture will focus on the development, design,
construction and sale of heavy duty trucks driven by emission free
fuel cell hybrid systems. For that purpose, the Joint Venture
applied for financial aid from the federal programmes of
alternative fuels and clean transportation to take the Joint
Venture through its prototype development stage during 2019 and is
seeking additional funding to be used to support orders of up to
1,000 vehicles by the end of 2021.
Proton is providing its new Generation 4 fuel cell for inclusion
in the trucks but does not have any material financial commitments
to the Joint Venture.
Helmut Gierse, chairman of Proton, commented: "We are pleased
with this venture. In 2016 alone, in excess of 300,000 trucks in
the 'over 5 tonnes' weight category were produced in the European
Union, which were nearly all powered by diesel fuel. If even a
small proportion of this market was converted to electric / fuel
cell over the coming years, Clean Logistics will be able to benefit
from it, and Proton's current production facility could be fully
utilised."
For further information:
Proton Power Systems plc
Dr Faiz Nahab, CEO
Helmut Gierse, Chairman
Sebastian Goldner, COO
Roman Kotlarzewski, CFO Tel: +49 (0) 173 189
Manfred Limbrunner, Director Sales 0923
and Marketing
www.protonpowersystems.com
Stockdale Securities Limited
Nominated adviser and broker Tel: +44 (0) 20 7601
6100
Antonio Bossi / David Coaten www.stockdalesecurities.com
About Proton Motor Fuel Cell GmbH
Proton Motor is an expert in Power Solutions using CleanTech
technologies like industrial fuel cells, fuel cell and hybrid
systems with more than 20 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 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).
About Höpen GmbH
Höpen GmbH is a holding company participating in a group of
companies which specialises, inter alia, in the custom conversion
of all types of combustion vehicles into electric vehicles, in
lithium based batteries and energy saving devices for shipping.
About Hary AG
Hary AG has developed into a modular transport service provider
and is focusing on becoming one of the leading providers of
specialised transport services with own vehicle fleet in
Germany.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
AGRSSIFWAFUSEDF
(END) Dow Jones Newswires
January 09, 2019 02:00 ET (07:00 GMT)
Proton Motor Power Systems (LSE:PPS)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Proton Motor Power Systems (LSE:PPS)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024