RCS - Proton Motor Power - Department changes & leadership appointments

Proton Motor Power SystemsAnnouncement

29/09/2022 07:00

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RNS Number : 0414B  Proton Motor Power Systems PLC  29 September 2022

REACH

29 September 2022

 

Proton Motor Power Systems plc

("Proton Motor" or the "Company")

 

Business department changes and associated leadership appointments

 

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 Manfred Limbrunner will be appointed as
the Director of Proton Motor's newly established Governmental Affairs &
Communication department with Jean-Pierre Sevrain appointed to lead the Sales
and Marketing department, effective from 1 October 2022.

 

Governmental Affairs & Communication department

 

The Directors of Proton Motor consider that awareness of hydrogen as an
alternative future energy source is increasing to a considerable extent both
amongst the public and within the industry. The demand for associated
technologies such as fuel cells is becoming more concrete. The Ukraine
conflict is also accelerating these impulses as consequences of the energy
supply squeeze resulting in the need to find suitable alternative sources of
energy.

 

In light of the above environment, Manfred Limbrunner, currently Director of
Sales and Marketing as well as executive board member of Proton Motor, is
appointed with effect from 1 October 2022 to set up and run a new
"Governmental Affairs & Communication" department within the Company.
 The role of the department will be to expand its networking with all
relevant parties and establish a Proton Motor lobby on political and all other
relevant levels. In addition, Manfred Limbrunner will continue to be
responsible for Business Development and Market Communication and will remain
on the Company's Board of Directors.

 

Sales and Marketing

 

Due to the wide scope of Manfred Limbrunner's new responsibilities, Proton
Motor will also be appointing Jean-Pierre Sevrain as the new Head of Sales and
Marketing, also with effect from 1 October 2022, in a non-Board capacity.
Jean-Pierre Sevrain has a strong industry background and in the last 25 years
he has held several international positions (Europe, Asia, US) in sales,
product and project management. In his most recent position, he held the role
of Head of Sales Europe at a German subsidiary of the Hoerbiger Group.

 

Dr. Faiz Nahab, Chief Executive Officer of Proton, stated: "Proton Motor aims
to facilitate the contact and communication between the Company and all
relevant stakeholders (governmental, municipalities, European Union
institutions, industry networks), because we believe, that this will
accelerate the introduction of innovation created by Proton Motor to combat
climate change. The goal for the Company - as an international player since
1998 - is to establish a global market presence in order to dynamically shape
social and political developments. With his technical and sales background,
Manfred Limbrunner is perfectly positioned to take on the new responsibility
associated with leading the Governmental Affairs & Communication's
department.

 

"I also welcome Jean-Pierre Sevrain to the team, who, with his extensive
experience in sales and marketing, is perfectly positioned to lead the sales
and marketing teams in exploiting the increasing demand for hydrogen as an
alternative emission free source of energy."

 

For further information:

 

 Proton Motor Power Systems Plc
 Dr Faiz Nahab, CEO
 Helmut Gierse, Chairman
 Roman Kotlarzewski, CFO                                                         +49 (0) 173 189 0923
 Antonio Bossi, Non-Executive Director
 Investor relations:                                                             www.protonpowersystems.com
 investor-relations@proton-motor.de (mailto:investor-relations@proton-motor.de)

 Allenby Capital Limited
 Nominated Adviser & Broker                                                      +44 (0) 20 3328 5656
 James Reeve / Vivek Bhardwaj

 

 

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,

 

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).

 

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