PPS Proton Motor Power Systems Plc

TIDMPPS

RNS Number : 1986A

Proton Motor Power Systems PLC

28 September 2020

Proton Motor Power Systems plc

("Proton Motor" or the "Company")

New Order

Follow up Order from Fincantieri

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 the order received in December 2019, it has received a further order from Fincantieri, one of the world's largest shipbuilding groups, to deliver a fuel cell system with 144 kW fuel cell power to be installed into Fincantieri's first 25 m long demonstrator and testing vessel, called "Zeus", which will be exclusively powered by Proton Motor's fuel cell system.

This order follows the first order announced on 2 December 2019. Proton Motor has been selected via Fincantieri's test and validation processes against other fuel cell system providers, which were also evaluated.

Dr. Nahab, CEO of Proton, commented: "This is excellent news, with Proton having been the world's first fuel cell system provider that has powered a ferry in Hamburg for 6 years between 2009 and 2014 with a 50 kW fuel cell system, it is a great achievement to receive a follow up order from Fincantieri at the ship building stage."

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 
                                         investor-relations@proton-motor.de 
 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 Fincantieri

Fincantieri is one of the world's largest shipbuilding groups and number one for diversification and innovation. It is leader in cruise ship design and construction and a reference player in all high-tech shipbuilding industry sectors, from naval to offshore vessels, from high-complexity special vessels and ferries to mega yachts, as well as in ship repairs and conversions, production of systems and mechanical and electrical component equipment and after-sales services. With over 230 years of history and more than 7,000 vessels built, Fincantieri has always kept its management offices, as well as all the engineering and production skills, in Italy.

With over 9,500 employees in Italy and a supplier network that employs nearly 50,000 people, Fincantieri has enhanced a fragmented production capacity over several shipyards into strength, acquiring the widest portfolio of clients and products in the cruise segment. To hold its own in relation to competition and assert itself at global level, Fincantieri has broadened its product portfolio becoming world leader in the sectors in which it operates.

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

UPDEASNSADNEEFA

(END) Dow Jones Newswires

September 28, 2020 02:00 ET (06:00 GMT)

Proton Motor Power Systems (LSE:PPS)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024

Proton Motor Power Systems (LSE:PPS)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024