REG - Proton Motor Power - Follow-up order from GKN Hydrogen

Proton Motor Power SystemsAnnouncement

31/01/2023 14:45

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RNS Number : 4616O  Proton Motor Power Systems PLC  31 January 2023

31 January 2023

 

Proton Motor Power Systems plc

("Proton Motor" or the "Company")

 

Follow-up order from GKN Hydrogen

 

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, is pleased to announce that it has received a further
order from GKN Hydrogen Italy S.r.l. ("GKN Hydrogen") for an additional 15
"HyModule® S8" hydrogen fuel cell systems.

 

The HyModule® S8 system is an emission-free high-tech product from the
Company's Hy-brand portfolio for stationary applications and is designed for
the autonomous provision of energy and heat. The Company anticipates that the
HyModule® S8 systems will be delivered to GKN Hydrogen in the first nine
months of 2023.

 

GKN Hydrogen is part of GKN, the Aerospace, Automotive and Powder Metallurgy
international business controlled by Melrose Industries plc. Taking into
account previous orders, GKN Hydrogen has now ordered 46 "HyModule® S8"
hydrogen fuel cell systems in total from Proton Motor. While there can be no
certainty, the Board of Proton Motor expects to receive further orders as GKN
Hydrogen continues to integrate the Company's technology in its "HY2" energy
systems.

 

GKN Hydrogen is deploying the green sustainable power plant "HY2" based on
renewable resources in its own facilities and with its customers in the
residential, industrial and transportation sectors. Applications of the "HY2"
metal hydride storage solution include IT back-up systems, off-grid power
generation and plug-in electric car charging station. Further information on
GKN's HY2 energy systems can be found at https://www.gknhydrogen.com.

 

Proton Motor CEO, Dr. Faiz Nahab, commented: "We are delighted to continue to
support GKN Hydrogen in their drive to demonstrate the use of hydrogen as a
means of storing energy from renewable resources and we look forward to
expanding our relationship to support GKN Hydrogen's international sales."

 

 

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 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 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.

 

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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