PPS Proton Motor Power Systems Plc

TIDMPPS

RNS Number : 9959O

Proton Motor Power Systems PLC

04 June 2020

 
        4 June 2020 
 

Proton Motor Power Systems plc

("Proton" or the "Company")

Statement Regarding Share Price Movement

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, notes the recent rise in the Company's share price and confirms that it is not aware of any material reason for the significant increase.

On 16 April 2020, the Company updated the market on the impact of COVID-19 on its operations and order intake in the first quarter of 2020; that its factory in Puchheim remains fully open and production capacity has been unaffected, and that after a record order intake in the first quarter of 2020 amounting to around EUR 6.4 million, Proton remains on track to fulfill all deliveries to customers in the current production pipeline resulting from Q1 and previous order intake.

The Company expects to announce its final results for the year ended 31 December 2020 during the week commencing 22 June 2020.

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).

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.

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June 04, 2020 07:30 ET (11:30 GMT)

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