Proton Power Systems PLC Cooperation agreement (4651X)
30 Abril 2019 - 1:00AM
UK Regulatory
TIDMPPS
RNS Number : 4651X
Proton Power Systems PLC
30 April 2019
30 April 2019
Proton Power Systems plc
("Proton" or the "Company")
Cooperation agreement signed between Proton and MTSA Technopower
B.V.
Proton Power Systems plc (AIM: PPS), the designer, developer and
producer of fuel cells and fuel cell electric hybrid systems,
announces the agreement of a 50:50 profit sharing Cooperation
Agreement with MTSA Technopower B.V. to design, manufacture and
sell large power systems based on hydrogen fuel cell stacks,
ranging between 0.5 MW and 10 MW.
Both companies have complementary experience in the field of
producing fuel cell stacks, integrating electrolyser stacks and
fuel cell stacks to produce containerised systems of up to 10 MW of
power capacity. The systems are used in Power to Power applications
for peak shaving in industrial or residential compounds and as Gas
to Power as prime power for industrial units, ship propulsion and
power supply in remote areas.
We are delighted with this venture that provides power with
clean zero emission footprint using renewable produced or recycled
hydrogen. The systems will contribute to a cleaner environment in
the energy transition period and beyond.
Both companies are ready to accept orders for such units
forthwith, customer application design and engineering will be
provided for customers as part of the package.
For further information:
Proton Power Systems plc
Dr Faiz Nahab, CEO
Helmut Gierse, Chairman
Sebastian Goldner, COO/CTO Tel: +49 (0) 173 189
Roman Kotlarzewski, CFO 0923
Manfred Limbrunner, Director Sales
and Marketing sales@proton-motor.de
www.protonpowersystems.com
MTSA Technopower B.V. MTSA Technopower B.V.
Loek van Veggel, CEO Westervoortsedijk 67
Rob van de Sluis, Director Sales/Marketing 6827 AT Arnhem
Jan ten Have, Technical Director The Netherlands
Tel: +31 (0) 26 3636310
sales@mtsa.nl
www.mtsa.nl
Stockdale Securities Limited Tel: +44 (0) 20 7601
Nominated adviser and broker 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 MTSA Technopower B.V.
MTSA Technopower delivers equipment and custom designed
equipment for the Clean Tech Energy Transition market, Industrial
Electrification, Circular Economy and Bio based industry for 25
years. MTSA is an expert in delivery large scale Power Solutions in
Fuel cell systems, Electrolyser systems and Power to Power systems
both as standard and as custom designed products.
MTSA Technopower is known from developing and building the
largest PEM fuel Cell Power plant in the world which is operated in
Yingkow China.
Based in Arnhem the Netherlands, MTSA offers complete Services
from the development, design and production through the
implementation of customized solutions. The focus of MTSA is on
Industrial, Marine and stationary solutions applications of Fuel
cell power systems, Electrolyser systems, Power to Power systems
including DC/AC conversion and Grid coupling.
MTSA Technopower serves Marine, Industrial, Public
infrastructure customers involved in the energy transition in The
Netherlands, Europe, Middle East and Far East
This information is provided by RNS, the news service of the
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contact rns@lseg.com or visit www.rns.com.
END
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