RCS - Proton Motor Power - Update on the marine sector

Proton Motor Power SystemsAnnouncement

15/11/2021 08:35

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RNS Number : 3716S  Proton Motor Power Systems PLC  15 November 2021

 

 

 

 

   15 November 2021

 

Proton Motor Power Systems plc

("Proton Motor" or the "Company")

 

Update on the marine sector

 

Proton Motor Power Systems plc (AIM: PPS), Europe's leading designer,
developer and producer of fuel cells and electric hybrid systems with a
zero-carbon footprint, is pleased to provide two updates in relation to
agreements it has entered into with Torqeedo GmbH ("Torqeedo") and ACUA Ocean
Limited ("ACUA Ocean").

 

Torqeedo, part of the Deutz Group (www.deutz.com (http://www.deutz.com) ), is
a leader in electric mobility on water offering electric and hybrid drives
from 0.5 to 100kW for commercial and recreational use. Proton Motor is working
on a project with Torqeedo to develop a marine hydrogen hybrid system building
kit, which will be able to deliver fuel cell powers between 30 and 120 kW and
variable hydrogen storage capacity. The project will complement Torqeedo's
existing Deep Blue Hybrid portfolio of marine drive systems. Proton Motor is
pleased to announce that the project has now received funding by the Bavarian
federal government.

 

ACUA Ocean has recently announced that it received two funding grants to
develop the world's first zero-carbon emission long-endurance USV powered by
liquid hydrogen, with a combined project value of £1.05m. The grants for the
feasibility (in partnership with the University of Southampton Marine and
Maritime Institute) and demonstration projects commenced in September and see
ACUA Ocean working with shipbuilders PDL Marine
(https://www.linkedin.com/in/ACoAAC2ukWUBLHliPITPk5a5Kg9rtO36r21PKZ4) ; ship
fitting and electrical outfitting is being carried out by Lowestoft-based
firms SMS and Trident Marine Electrical
(https://www.linkedin.com/in/ACoAADQdROoBIwEBf93-twsfhQ5IjdPMFfAPLwU) , while
the hydrogen fuel cell is being developed by Proton Motor.

 

 

 

For further information:

 Proton Motor Power Systems plc
 Dr Faiz Nahab, CEO

 Helmut Gierse, Chairman

 Brendan Bilton, Investor and Business Relations             Tel.: +44 (0)  7798 554 191

 Roman Kotlarzewski, CFO                                     Tel: +49 (0) 173 189 0923

 Antonio Bossi, Non-Executive Director, Investor Relations

                                                             www.protonpowersystems.com (http://www.protonpowersystems.com)

                                                             investor-relations@proton-motor.de (mailto: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).

 

 

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