Proton Power Systems PLC Order for Fuel Cells (0503V)
04 Abril 2019 - 12:00AM
UK Regulatory
TIDMPPS
RNS Number : 0503V
Proton Power Systems PLC
04 April 2019
Proton Power Systems plc
("Proton" or the "Company")
Confirmed order for 15 hydrogen powered fuel cells
Proton Power Systems plc (AIM: PPS), the designer, developer and
producer of fuel cells and fuel cell electric hybrid systems,
announces the receipt of a confirmed order from ebe EUROPA of
Memmingen ("ebe"), Germany, for 15 hydrogen powered fuel cells of
60kW of generating capacity each. ebe is an integrator and
distributor of electric buses. The ultimate customers are four city
councils in Germany (Frankfurt am Main, Mainz, Muenster and
Wiesbaden). The total value of the order is EUR 4.1 million, with
secured payment conditions including a further eight years
warranty. It is expected that the 15 fuel cells will be delivered
within the next 12 months.
The order is a result of the first tender under the European
funded JIVE PROJECT. The project consists of two tenders, together
290 buses will be deployed within the next two years.
Currently three companies from the European mainland and two
from the UK qualify for JIVE1&2.
Proton is already in discussion with the other major component
suppliers to ebe to achieve delivery within the next few
months.
Dr. Nahab, CEO, commented: "We are delighted with this order as
it further confirms the European appetite for cleaner cities and is
a clear indication for higher demand for hydrogen as a clean energy
source."
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 ebe EUROPA GmbH
ebe EUROPA is an integrator and distributor of buses, with a
specialisation in electric buses.
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
MSCIJMATMBAMBJL
(END) Dow Jones Newswires
April 04, 2019 02:00 ET (06:00 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