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Pin to quick picksProton Mtr Pwr Share News (PPS)

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Share Price: 2.10
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Proton Power prepares for anticipated demand with stack manufacturing robot

Tue, 28th May 2019 10:09

(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.The AIM-traded firm said that would allow it to increase production capacity to 5,000 fuel cell units per annum.It explained that the manufacturing robot relating to the project 'Fit for Automatic Manufacturing and Assembly' (Fit-4-AMandA) was financed by the European Fuel Cells and Hydrogen Joint Undertaking (FCH JU) agency.Proton was one of five professional bodies that took part in the development and "rigorous" testing programme, in order to perfect performance and manufacturing capacity of the robot.In order to meet future increasing demand, plans were already in place to modify the machine layout to be able to produce up to 30,000 stack units per year.Proton said it wanted to assure all its supporters and those "believing" in its zero-carbon dioxide footprint that it was "ready and able" with its 'GEN 4' stack module and fuel cell, to cope with the expected demand in the "partially world saving" industry.The contribution to the industry would serve mobile applications - buses and trucks, among others - as well as stationary applications including power generation, standby and continuous power; and maritime, including yachts and ships."We are delighted with this important development in the company's progress as it contributes greatly to manufacturing ability and puts Proton in a commanding position to receive larger quantity orders before the end of 2020," said the firm's chairman Helmut Gierse.
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16 Sep 2013 07:59

Proton Power Systems Wins EUR857,000 Contract With Siemens

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11 Feb 2013 11:11

Proton Power Systems acquires SPower Holding GmbH

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 n

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6 Aug 2012 09:39

Proton signs deal with German sales partner

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15 Mar 2011 16:23

Sector movers: Nuclear fears boost alternative energy stocks

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Small caps round-up: Andrews Sykes, Northbridge, Sceptre...

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26 Jul 2010 09:55

Proton Power Systems Appoints Meyne To Board Of Directors

LONDON (Dow Jones)--Proton Power Systems PLC (PPS.LN), a designer, developer and producer of fuel cells and fuel cell electric hybrid systems, Monday announces that it has appointed Dr. Christian Meyne to the Board of Directors of the Company, with immediate effect. MAIN FACTS: -Meyne, 43 ye

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10 Jun 2010 09:13

Small caps round-up: Portrait Software, Intercede, Sarantel...

Customer information software group Portrait Software has agreed a £44.4m cash bid from US giant Pitney Bowes. The offer is 31p per share. The company also revealed a move back into the black in the year to March, with profits of £1.14m on sales of £15.9m. Security systems software developer Inte

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10 Jun 2010 08:47

Proton Power Systems Receives EUR9.2M Grant Funding

LONDON (Dow Jones)--Proton Power Systems Plc (PPS.LN), a designer, developer and producer of fuel cells and fuel cell electric hybrid systems, announced Thursday that it has received approval and support for non refundable grant funding in relation to projects worth in total EUR9.2 million from the

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2 Feb 2010 11:12

Small caps round-up: Ceramic Fuel, Cosalt, e2v, ...

Alternative energy firm Ceramic Fuel Cells has won an order for its BlueGen power and heating unit from Kiwa Gas Technology in fthe Netherlands for delivery in the second quarter of 2010. The company also welcomed the government's unveiling of its feed-in tariffs for small scale low carbon electric

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Small caps round-up: Abcam, Rugby Estates, O Twelve...

Abcam, a biosciences firm that markets antibodies online, said sales for the year have ended slightly ahead of its earlier expectations. Trading in the second half of the year has been strong and the exchange rate environment has been more favourable than was previously envisaged due to the continu

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27 May 2009 17:02

London close: Footsie limps back into positive territory

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27 May 2009 14:58

London afternoon: Footsie drifts into the red

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London midday: Water companies keep Footsie afloat

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27 May 2009 10:16

Contract wins for Avanti, Bond, Kentz and Proton Power

Avanti Communications has agreed a deal with the European Commission worth €600,000 over three years to provide satellite communications technology for ports, lorry parks and terminals in the North Sea. Recruitment group Synergy has signed a minimum two year contract worth £124,000 with Bond Intern

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