Proton Power Systems PLC Letter of Intent Signed (8283U)
27 Noviembre 2019 - 2:55AM
UK Regulatory
TIDMPPS
RNS Number : 8283U
Proton Power Systems PLC
27 November 2019
Proton Power Systems plc
("Proton" or the "Company")
Letter of intent
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, announces that further to the receipt of the
order for EUR630K from APEX Energy Teterow GmbH ("APEX"), which was
announced on 14 May 2019, it has signed a letter of intent ("LoI")
with this customer. The LoI envisages concluding a frame agreement
within a consortium, in order to provide 10 fuel cell containers
with up to 150 kW fuel cell systems within a 2 year period
commencing in 2020.
The LoI also includes the intention, at an appropriate timepoint
in the future, to offer licensing agreements, whereby the licensees
will produce Proton Fuel Cell containers with capacity of up to
500kW.
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
Shore Capital
Nominated adviser and broker
Antonio Bossi / David Coaten Tel: +44 (0) 20 7408
4050
www.shorecap.co.uk
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).
About APEX Energy Teterow GmbH
The APEX group, based in North Germany, specialises in the
production and distribution of modular renewable energy storage
solutions.
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END
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