Executive Summary
Proton Power Systems is the parent company of Proton Motor Fuel Cell GmbH, a leading, independent fuel cell system developer, based in Germany. Prior to its acquisition by the company, Proton Motor had historically secured external funding from Volvo Technology Transfer AB and other German institutional and private investors. These funds facilitated the undertaking of several pilot projects and, to date, over 100 fuel cell modules have been built.
Company History
- During early 2006, Proton Motor’s ongoing commercial operations required further capital and Proton Power Systems was formed in February 2006 as a vehicle to facilitate interim funding.
- Proton Power Systems subsequently acquired Proton Motor in a share for share exchange in April and May 2006
- PPS was admitted to trading on AIM on October 31, 2006 with a market capitalisation of £ 25m.
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Proton Power Systems has developed and produced a standard hydrogen fuel cell module, integrated with an energy storage system to create an electric fuel cell hybrid system capable of providing power during peak demand situations. PM focuses on industrial applications where ‘back-to-base' refuelling occurs on site at the end of each shift or work period.
Proton has identified opportunities to replace lead-acid batteries with their PEM fuel cell systems, and has found niche markets in the material handling and mass-transportation sectors, where electric fuel cell hybrid systems offer considerable advantages over conventional engine technology and fuel cell only drive systems.
The many advantages of PM's standard fuel cell model over current commercial alternatives include lower fuel consumption, longer periods between refuelling, shorter refuelling time, consistent levels of power delivery and zero harmful emissions.
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