Pin to quick picksProton Power Share News (PPS)

Share Price Information for Proton Power (PPS)

London Stock Exchange
Share Price: 26.50
Bid: 25.00
Ask: 28.00
Change: 0.00 (0.00%)
Spread: 3.00 (12.00%)
Open: 24.50
High: 27.00
Low: 25.50
Yest. Close: 24.20
PPS Live PriceLast checked at -

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Proton Power Gets EUR1.3 Million Financing For ebe Europa Order

Thu, 11th Jul 2019 13:24

(Alliance News) - Proton Power Systems PLC on Thursday said it has obtained EUR1.3 million of financing for its ebe Europa GmbH order of 15 hydrogen powered fuel cells.

Shares in Proton Power were down 11% at 30.85 pence in early afternoon trade.

The fuel cells will be used to power electric buses in Germany, with the ultimate customers being "the city councils of Frankfurt am Main, Mainz, Muenster and Wiesbaden".

The contract is worth EUR4.1 million to fuel cell maker Proton Power, including maintenance.

The EUR1.3 million loan is backed by collateral which covers the capital plus interest from Proton Power Chief Executive Faiz Nahab. The collateral is provided for free to Proton Power. Nahab is considered a related party to the company under the deal.

More News

Proton Power Gets EUR1.3 Million Financing For ebe Europa Order

(Alliance News) - Proton Power Systems PLC on Thursday said it has obtained EUR1.3 million of financing for its ebe Europa GmbH order of 15 hydrogen powered fuel cells.Shares in Proton were

11 Jul 19 13:24

Proton Power Installs Manufacturing Robot To Ramp Up Production

LONDON (Alliance News) - Proton Power Systems PLC on Tuesday said it is installing a stack manufacturing robot to increase production capacity to 5,000 fuel cell units per year.Proton Power

28 May 19 11:34

Proton Power prepares for anticipated demand with stack manufacturing robot

(Sharecast News) - Fuel cell and electric hybrid systems developer Proton Power Systems announced on Tuesday that, following the recent conclusion of cooperation and partnership agreements and "clear signs" that industry demand for hydrogen fuel cells was rapidly increasing, it was now installing a stack manufacturing robot.

28 May 19 10:09

Proton Power secures order and loan extension but loss expands

(Sharecast News) - Proton Power on Tuesday won a fuel cell package order and announced a loan extension, though the company also reported an increased loss and a drop in revenue.

14 May 19 13:42

Proton Power Obtains Loan Extension And New Order; Posts Loss For 2018

LONDON (Alliance News) - Proton Power Systems PLC on Tuesday announced a loan extension, a EUR630,000 fuel cell package order, and a more than doubled annual loss due to convertible loan company a

14 May 19 12:37

Proton Power surges on joint agreement

(Sharecast News) - Shares in Proton Power Systems surged more than 30% on Tuesday after the fuel cell specialist announced a joint agreement with Dutch engineer MTSA Technopower.

30 Apr 19 09:33

Proton Power gets order for 15 fuel cells for German buses

(Sharecast News) - Fuel cell electric hybrid systems developer Proton Power Systems announced the receipt of a confirmed order from ebe EUROPA of Memmingen, Germany on Thursday, for 15 hydrogen powered fuel cells of 60kW generating capacity each.

4 Apr 19 14:13

WINNERS & LOSERS SUMMARY: Saga Plunges On Profit Warning

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.---------FTSE 100 - LOSERS----------Direct down

4 Apr 19 10:53

Proton Power Systems Receives EUR4.1 Million Order For Fuel Cells

LONDON (Alliance News) - Proton Power Systems PLC said on Thursday it has received a confirmed order worth EUR4.1 million for 15 hydrogen powered fuel cells from German electric buses distributor

4 Apr 19 09:25

WINNERS & LOSERS SUMMARY: Wetherspoon Settles, Restaurant Group Soars

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - WINNERS----------Berkeley up

15 Mar 19 10:50

Proton Power Systems to work with Skoda Electric on fuel cell buses

(Sharecast News) - Proton Power Systems has signed a letter of intent with Skoda Electric in the Czech Republic, it announced on Friday, with the objective of entering into a cooperation to develop, sell and service fuel cell electric buses using Proton's modular 'HyRange' systems.

15 Mar 19 10:28

Proton Power Systems launches hybrid truck joint-venture

(Sharecast News) - Proton Power Systems on Wednesday signed a joint-venture agreement to establish hybrid heavy-duty truck maker Clean Logistics GmbH.

9 Jan 19 08:06

Proton Power sets up joint-venture with German carmaker

(Sharecast News) - Fuel cell outfit Proton Power Systems has agreed to establish a joint venture with electric carmaker e.GO Mobile that will see the London-listed group build a range extender for the German startup's mini-buses.

15 Oct 18 11:31

Proton Power Systems Interim Loss Narrows On Reduced Cost Of Sales

LONDON (Alliance News) - Proton Power Systems PLC on Wednesday reported a narrowed interim loss on reduced cost of sales.In the six months ended June, the designer, developer and producer a

26 Sep 18 13:15

Proton Power Boosts Loan Facility As 2017 Loss Narrows On Cost Cuts

LONDON (Alliance News) - Proton Power Systems PLC on Tuesday said it has increased its loan facility to EUR34.5 million after its loss narrowed in 2017 despite a fall in revenue.The a loss

29 May 18 11:39

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