Proton Power Share Price (PPS)

Proton Power Systems (AIM:PPS) is pleased to announce that its 7kW Fuel Cell Stack PM200 successfully achieved 10,000 hours of start/stop operation. The PM200 fuel cell has been running in a long term test with daily start and stop operation since 2008. After 10,000 hours of operation, the PM200 fuel cell stack is performing well and achieving the predicted low power degradation. The current test proves that the Proton fuel cell stack is a reliable solution for backup power, maritime and mobile applications. Fuel cell based backup power systems can provide power with a very long back up time in banks, data centers, hospitals and other applications. For mobile applications, there is an immediate demand in the bus sector for public transport and for logistic light duty vehicles. Dr. Faiz Nahab, CEO of Proton said, "This successful test proves the reliability of our stacks and systems, which is very important for stable day to day operations. Our product and system technology is a benchmark in the industry."

John Wall, Chairman of Proton Power, commented: "We continue to make progress in our core business segments and I am particularly pleased with the achievements of the Group during 2012 including in particular the successful integration of our range extender into a Smith's Newton truck, the agreement entered into with Modl, the installation of a Proton Fuel Cell at one of E.ON's substations and, more recently, the acquisition of SPower which is now fully integrated within the Group and whose results will be consolidated for the first time in our interim results to June 2013. We are well placed and have great confidence that Proton's products and solutions will have a major role to play in the growing acceptance of the use of fuel cells for power supply and storage." http://www.investegate.co.uk/proton-power-systems/rns/final-results/201305140700086139E/

the 5513 share order today was a buy by me not a sell as indicated

It also supplies solar systems and has a new product line called Solar Energy Storage, which will be released to the market in the second quarter of 2013. The group is expected to report a turnover of circa 3.0m and to break even in operating profits for last year. The integration of the SPower is anticipated to result in cost synergies of about 200,000 per annum, but to increase turnover to 5.0m. "The acquisition of SPower allows Proton Power to enlarge its offering for stationary power solutions," Chief Executive of Proton Power, Dr. Faiz Nahab, said. "As a company, we can importantly offer complete systems to our customers. The new battery storage solution of SPower for solar systems will have an extremely positive impact on our business. The process optimisation and cost savings will also have positive effects and will enhance value for our shareholders."

Proton Power Systems has agreed to acquire SPower Holding GmbH and its subsidiary SPower GmbH for 5.0m euros. The company, which designs and produces hydrogen fuel cells and hydrogen fuel cell electric hybrid systems, said it will merge SPower with its subsidiary Proton Motor Fuel Cell GmbH. The newly merged company will continue to operate under the name of Proton Motor Fuel Cell GmbH. SPower's products will be sold under a product line called SPower within Proton Motor. SPower was formed in 2007 and supplies power solutions to IT, Telecoms, public infrastructure and healthcare customers in Germany, Europe and Middle East.

And it will remain so until Dr Nahab decides to off load some so a market can be made!!! ATB (G)