PPS Proton Motor Power Systems Plc

TIDMPPS

RNS Number : 6366F

Proton Motor Power Systems PLC

10 March 2020

 
        10 March 2020 
 

Proton Motor Power Systems plc

("Proton" or the "Company")

Framework Agreement

Proton Motor 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, following an initial order in 2019, it has signed a framework agreement with APEX Energy Teterow GmbH (APEX) in Rostock, Germany, to provide by the end of 2021 a further 10 container integrated 100 kW fuel cell systems. The total value of the order is approximately EUR 5 million. Proton and APEX are envisaging the conclusion of a licensing agreement for further deliveries over and above the units specified above.

Dr Nahab, CEO of the Company, commented: "We are delighted with this order as it further demonstrates that our fuel cell solutions are attracting commercial customers interested in hydrogen as a clean energy source."

For further information:

 
 Proton Motor 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 a wholly owned subsidiary of Proton Motor 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

For the last 20 years APEX has been delivering certified full service specialist customised energy solutions to its customers.

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

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March 10, 2020 09:58 ET (13:58 GMT)

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