REG - Proton Motor Power - New Order for a Standalone Fuel Cell System

Proton Motor Power SystemsAnnouncement

25/07/2023 07:00

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RNS Number : 0277H  Proton Motor Power Systems PLC  25 July 2023

25 July 2023

 

Proton Motor Power Systems plc

("Proton Motor" or the "Company")

 

New Order for a Standalone Fuel Cell System

 

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 it has received an order from a supplier of gas related
energy and infrastructure in Spain (the "Customer"), for a standalone fuel
cell system based on a 50kW container solution. The system will be deployed by
the end customer at a hotel in Palma de Mallorca, Spain, as part of the Green
Hysland project.

 

The Green Hysland project aims to deploy a fully functioning hydrogen ("H2")
ecosystem in Mallorca, turning the island into Europe's first H2 hub in
Southern Europe. This will be achieved by producing green hydrogen from solar
energy and delivering it to the end users, such as the island's tourism,
transport, industry and energy sectors, including gas grid injection for green
heat and power local end-use.

 

Proton Motor anticipates that the system will be delivered to the Customer in
the first half of 2024, with revenues correspondingly being recognised in that
year.

 

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

 

"This is the Company's first order from within Spain and therefore represents
a further expansion in its market footprint. It also demonstrates the
versatility of the Company's offer, with the standalone solution being used
across a variety of industries to deliver reliable, secure and clean energy
for a range of business-critical systems."

 

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

 Celicourt Communications
 PR Adviser                                                                      +44 (0) 20 7770 6424
 Mark Antelme / Philip Dennis

 

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 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).

 

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