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Share Price Information for Proton Mtr Pwr (PPS)

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Share Price: 2.00
Bid: 1.80
Ask: 2.20
Change: 0.00 (0.00%)
Spread: 0.40 (22.222%)
Open: 2.00
High: 2.05
Low: 2.00
Prev. Close: 2.00
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Proton Power surges on sales rebound and corporate restructure

Tue, 02nd Aug 2016 10:35

(ShareCast News) - Hydrogen fuel cells maker Proton Power has impressed investors with news of strong current trading, plans to restructure the business into three divisions and for a boardroom reshuffle.AIM-quoted Proton, whose shares shot up 91% to their highest in a year, forecast revenue for calendar 2016 will show "significant growth of approximately 250%" from the £0.7m generated last year.The group will be segmented into three trading units: Stationary, which will focus on emergency back-up power cells or the containerized fuel cells recently provided to the Orkney 'Surf and Turf' project; Mobile business focusing on hybrid systems for vehicles; and Maritime, such as the contract to supply a tourist ship in Hamburg.Chief executive Faiz Francoise Nahab, who waved goodbye to longstanding business development director Thomas Meltzer, while finance director Achim Loecher stepped back with immediate effect to take a non-executive role, said creating three business units will enable each to focus on their specific market demands, which he expects to help improve shareholder value.The refining of the business model reflects management's confidence that the need to offer a broader portfolio of products in fuel cell and hybrid power has achieved its initial aim, but the feeling is that the group's increased in size and investments in product development and manufacturing capabilities calls for a new approach as the stature and scale of customers has stepped up.Proton said the proposed reorganisation would drive increased selling opportunities, whilst keeping overheads down thanks to the shared service infrastructure."Proton will provide year on year revenue streams as commercialization of our core technology is now realised," said Nahab. "Our continued investment in our manufacturing capability is now bearing fruits. The board sees proof that the fuel cell technology is commercially attractive to customers resulting in projects which will provide years of revenues for Proton."
More News
14 May 2019 13:42

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.

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14 May 2019 12:37

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

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30 Apr 2019 09:33

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.

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4 Apr 2019 14:13

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.

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4 Apr 2019 10:53

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

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4 Apr 2019 09:25

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

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15 Mar 2019 10:50

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

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15 Mar 2019 10:28

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.

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9 Jan 2019 08:06

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.

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15 Oct 2018 11:31

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.

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26 Sep 2018 13:15

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

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29 May 2018 11:39

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

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2 Aug 2016 09:39

WINNERS & LOSERS SUMMARY: Direct Line Up After Outpacing Expectations

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2 Aug 2016 08:18

Proton Power Shares Soar On Restructuring Plan And Revenue Outlook

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