PPS Proton Motor Power Systems Plc

TIDMPPS

RNS Number : 9776G

Proton Motor Power Systems PLC

30 July 2021

 
        30 July 2021 
 

Proton Motor Power Systems plc

("Proton Motor" or the "Company")

Initial order from Electra

Proton Motor Power Systems plc (AIM: PPS), Europe's leading designer, developer and producer of hydrogen fuel cells and electric hybrid systems with a zero-carbon footprint, announces that, further to the Memorandum of Understanding ("MoU") with Electra Commercial Vehicles Limited ("Electra") announced on 22 June 2021, it has now received an initial order for a fuel cell HyRange(R) system to be deployed in a functional prototype of a zero emission electric refuse collection truck.

The Proton HyRange(R) system, in combination with a hydrogen storage and battery system, will allow almost continuous daily operation of the truck. As previously announced, the prototype vehicle is expected to be followed by at least five further vehicles under the initial phase of the MoU.

Dr. Nahab, CEO of Proton Motor, commented : "We are delighted to have commenced our co-operation with Electra under the MoU signed last month and look forward to continue to support Electra as it expedites the development of its new range of fuel cell - battery electric trucks that will help meet the increasing demand for zero emission trucks in the UK."

For further information:

 
 Proton Motor Power Systems plc 
 Dr Faiz Nahab, CEO 
  Helmut Gierse, Chairman 
  Brendan Bilton, Investor and Business     Tel.: +44 (0) 7866 122678 
  Relations 
  Sebastian Goldner, COO/CTO                Tel: +49 (0) 173 189 0923 
  Roman Kotlarzewski, CFO 
  Manfred Limbrunner, Director Sales        www.protonmotor-powersystems.com 
  and Marketing                             investor-relations@proton-motor.de 
 Shore Capital 
  Nominated adviser and broker 
 Tom Griffiths / 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, stationary and rail 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 Cell 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 Electra Commercial Vehicles Limited

Electra is a UK company whose vision is to provide the commercial vehicle operator with the clean, zero emission solution for city centre deliveries. Electra is making city centre delivery a 100% clean and silent operation, allowing minimal impact of vehicles in our environment which is essential to keep our cities running 24 hours a day.

Electra is bringing world class technology to the world of commercial vehicles, converting low entry chassis from Mercedes, Dennis Eagle to 100% electric. Electra's technical capability extends to other chassis makes from leading suppliers like DAF, Isuzu, Iveco, MAN and many others.

Electra's website can be found here: Electra Commercial Vehicles - Home

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July 30, 2021 02:00 ET (06:00 GMT)

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