RCS - Proton Motor Power - Official presentation of new production facility

Proton Motor Power SystemsAnnouncement

04/09/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230904:nRSD2025La&default-theme=true

RNS Number : 2025L  Proton Motor Power Systems PLC  04 September 2023

Reach
 
4 September 2023
 

Proton Motor Power Systems plc

("Proton Motor" or the "Company")

 

Official presentation of new hydrogen fuel cell production facility

 

Proton Motor Power Systems plc (AIM: PPS), the designer and producer of
hydrogen fuel cells and hydrogen fuel cell electric hybrid systems, is pleased
to announce that on August 31(st) the company's new site, which represents a
sevenfold increase in production space, was officially presented to
approximately 80 Proton Motor customers, industry network players and media
representatives at an opening event.

 

With the new 13,500qm² production facility in Fuerstenfeldbruck, near Munich,
Proton Motor is setting a milestone in the industrialisation and serialisation
of hydrogen fuel cells.  The new production facility is expected to be
operational in 2024, at which point the current Puchheim facility will become
the development centre for fuel cell stacks and hydrogen fuel cell engines.

 

Dr. Faiz Nahab, CEO of Proton Motor, said:

"The new manufacturing and production facility will give Proton Motor the
required capacity to produce, test and deliver hydrogen fuel cell engines to
meet the increase in order volumes and to rapidly progress the
commercialisation of our proven hydrogen fuel cell technology.   Hydrogen
and fuel cells will play a fundamental role in overcoming the climate energy
crisis by providing sustainable energy solutions for the decarbonised future.
We were very pleased to welcome many customers and industry partners to the
opening of the new facility as we continue to grow and play a leading role in
hydrogen markets."

 

For further information:

 

 Proton Motor Power Systems Plc
 Dr Faiz Nahab, CEO
 Roman Kotlarzewski, CFO                              +49 (0) 173 189 0923
                                                      www.protonpowersystems.com
 Allenby Capital Limited
 Nominated Adviser & Broker                           +44 (0) 20 3328 5656
 James Reeve / Vivek Bhardwaj

 Celicourt Communications
 PR Adviser                                           +44 (0) 20 7770 6424 / protonmotor@celicourt.uk
                                                      (mailto:protonmotor@celicourt.uk)
 Mark Antelme / Philip Dennis

 

About Proton Motor

 

Proton Motor has 25 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 develops
and produces standard Products as well as customised solutions.  The focus of
Proton Motor is on stationary solutions, as well as mobile, marine and rail
applications.  The product portfolio consists of base-fuel cell systems,
standard complete, as well as customised systems.

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 Reach announcements

 

This is a Reach announcement. Reach is an investor communication service aimed
at assisting listed and unlisted (including AIM quoted) companies to
distribute media only / non-regulatory news releases into the public domain.
Information required to be notified under the AIM Rules for Companies, Market
Abuse Regulation or other regulation would be disseminated as an RNS
regulatory announcement and not on Reach.

 

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRADZGGLMFFGFZZ