REG - Proton Motor Power - New order from University of Stuttgart

Proton Motor Power SystemsAnnouncement

02/06/2023 07:00

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RNS Number : 4122B  Proton Motor Power Systems PLC  02 June 2023

2 June 2023

 

Proton Motor Power Systems plc

("Proton Motor" or the "Company")

 

New order from University of Stuttgart

 

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 the University of Stuttgart for
a containerised fuel cell power plant with a power output of up to 240 kW.

 

The "HyShelter®" plant will be integrated into a large industrial hydrogen
research proving ground and is expected to generate power and supply
electricity to the grid from the second quarter of 2024.

 

This project fits well the Company's market approach to offer turn-key
solutions to its customers. Proton's vision is to support customers providing
climate neutral solutions for electricity and heating production. In this
respect, Proton's portfolio addresses applications such as uninterruptible
emergency power supply, peak shaving and off-grid charging infrastructure.

 

Proton Motor anticipates that the plant will be delivered to the customer in
2024 and revenues recognised in that year.

 

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 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 University of Stuttgart

 

The University of Stuttgart develops sustainable energy solutions for
industrial applications, mainly for process industry, and aims to bring them
quickly to market.

 

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