Proton Power Systems PLC
14 October 2019
Proton Power Systems plc
("Proton" or the "Company")
Official start of hydrogen fuel cell stack robot made in Germany
Proton Power Systems plc (AIM: PPS), the designer, developer and producer of fuel cells and fuel cell electric hybrid systems with a zero-carbon footprint, is very pleased about the successful inauguration of its new fuel cell stack assembly plant. The manufacturing machine was delivered to its Munich-based subsidiary Proton Motor Fuel Cell GmbH in early summer 2019. With the only stack robot in Bavaria, Germany, Proton will be able to increase production capacity up to at least 5,000 stack units per annum. With further moderate investment, the robotic unit will be able to produce 30,000 stack units per annum. This milestone in the company`s more than 20-year-history is a response to the increasingly heavy demand from industry for hydrogen fuel cells, which is clearly reflected in Proton's current cooperation agreements and strategic partnerships.
In a formal ceremony, attended by journalists from TV, newspapers and special interest magazines, the Deputy Bavarian Prime Minister and Minister of State for Economic Affairs, Regional Development and Energy, Hubert Aiwanger, officially pressed the button to start the hydrogen fuel stack production facility and commented: "Hydrogen plays a key role as future technology in coping with the shift in energy and mobility. In order to offer fuel cells more competitively, we need mass production. Proton Motor shows that this is already possible."
This innovative stacking installation sets a significant signal for the company`s enhanced, forward-looking technology standard in terms of climate-neutral power drive and energy solutions for mobile and stationary sectors.
The manufacturing robot "made in Germany" was realised as part of the project "Fit-4-AMandA" (Fit for Automatic Manufacturing and Assembly) and financed by the European agency "FCH-JU" (Fuel Cells and Hydrogen Joint Undertaking). After the opening event international press coverage paid tribute to this new era of series production with headlines such as:
- "Proton Motor commissions fuel cell stack production facility in Germany"
- Proton Motor launches new fuel cell manufacturing plant" https://fuelcellsworks.com/news/proton-motor-launches-new-fuel-cell-manufacturing-plant/
For further information:
Proton Power Systems plc
Dr Faiz Nahab, CEO
Helmut Gierse, Chairman
Sebastian Goldner, COO/CTO
Roman Kotlarzewski, CFO Tel: +49 (0) 173 189
Manfred Limbrunner, Director Sales 0923
and Marketing www.protonpowersystems.com
Nominated adviser and broker
Antonio Bossi / David Coaten Tel: +44 (0) 20 7408
About Proton Motor Fuel Cell GmbH
Proton Motor has more than 20 years of experience in Power Solutions using CleanTech technologies such as hydrogen fuel cells, fuel cell and hybrid systems with a zero carbon footprint. 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 quoted on the AIM market of the London Stock Exchange since October 2006 (code: PPS).
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 firstname.lastname@example.org or visit www.rns.com.
(END) Dow Jones Newswires
October 14, 2019 02:00 ET (06:00 GMT)