Less Ads, More Data, More Tools Register for FREE

Pin to quick picksProton Mtr Pwr Share News (PPS)

Share Price Information for Proton Mtr Pwr (PPS)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 2.00
Bid: 1.80
Ask: 2.20
Change: -0.15 (-6.98%)
Spread: 0.40 (22.222%)
Open: 2.15
High: 2.15
Low: 1.85
Prev. Close: 2.15
PPS Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Proton Power Systems In Austria Project For Fuel Cell In Duty Vehicle

Tue, 02nd Sep 2014 09:25

LONDON (Alliance News) - Proton Power Systems PLC Tuesday said it will participate with other partners in a project involving the integration of a HyRange 25 fuel-cell system into a three-tonne passenger transport vehicle manufactured by a major automotive original equipment manufacturer.

In a statement, Proton Power said it is partnering with an Austria-based university, a research institute, and an international automotive component supplier on the 30-month project. The project value for Proton Power is expected to be EUR130,000, according to the statement.

The vehicle is currently a pure battery-powered version. The integration of a hydrogen fuel cell system should allow an increase of the vehicle's range of operation to 300 kilometres, according to the company, while the total cost of the vehicle is expected to be reduced by 25% against the pure battery version.

The project is being funded by the Austrian government to demonstrate the possibility of equipping light duty vehicles with a hybrid battery/fuel cell system for emission-free operation with more mileage and less cost, Proton Power said.

According to Proton Power, HyRange 25 is capable of providing enough electric energy on board of an electric-powered heavier duty vehicle for full day-to-day operation. The company also said the heat from the system can be used to support the heating system in the vehicle, which increases overall efficiency. It said the battery on board can be downsized to allow for an increased payload or number of passengers and cost reduction.

"Proton Power has considerable know-how in mobile fuel cell applications. The smaller HyRange 8 System with 8kW of net power has been in operation for two years in a 7.5 tonne light-duty vehicle with customers in the logistic market in Germany. The vehicle runs a full time service without interruption with extremely pleasing results," the company said in a statement.

"With the HyRange 8 and HyRange 25 systems, Proton Power can offer a complete portfolio of products for the duty vehicle market. The integration support from Proton Power allows a fast and efficient integration process," the company added.

Proton Power shares were Tuesday quoted up 1.1% at 7.70 pence.

By Samuel Agini; samagini@alliancenews.com; @samuelagini

Copyright 2014 Alliance News Limited. All Rights Reserved.

More News
23 Jan 2015 13:36

UK DIRECTOR DEALINGS SUMMARY: Shanta Gold Non-Executive Sells Stake

Read more
22 Jan 2015 15:57

DIRECTOR DEALINGS: Proton Power Executive Sells 250,000 Shares

Read more
20 Jan 2015 09:11

Proton Power Systems Says Revenue Rose In 2014 But Still In Loss

Read more
2 Oct 2014 10:27

DIRECTOR DEALINGS: Proton Power Executive Sells 300,000 Shares

Read more
23 Sep 2014 07:37

Proton Power Systems Looking To China Despite Increased Losses

Read more
11 Aug 2014 10:04

Proton Power Systems Finalises Development Of New Fuel Cell System

Read more
31 Jul 2014 10:03

Proton Power Systems Appoints Non-Executive Chairman

Read more
31 Jul 2014 07:41

UK MORNING BRIEFING: Afren, Balfour Beatty And Carillion Hit FTSE 250

Read more
17 Jun 2014 08:52

DIRECTOR DEALINGS: Proton Power Systems Director Sells 10,000 Shares

LONDON (Alliance News) - Proton Power Systems PLC Tuesday said Business Development Director Thomas Melczer sold 10,000 shares at a price of 7.75 pence per share Monday pursuant to the exercise of options. Shares in the fuel cells developer were down 3.2% at 7.50p Tuesday morning. By

Read more
13 Jun 2014 07:34

UK MORNING BRIEFING: Iraq Worries Weigh; Petra Finds Blue Diamond

LONDON (Alliance News) - The deteriorating situation in Iraq has depressed shares early Friday, as the UK market also contemplates a sooner-than-expected rise in interest rates by the Bank of England.

SSE, Tullow Oil and BG Group le

Read more
13 Jun 2014 07:08

Proton Power Systems Chairman John Wall Dies

LONDON (Alliance News) - Fuel cells developer Proton Power Systems PLC Friday said Chairman John Wall has died. Wall joined the board of the company back in 2006 and was a key part of the company's development, having served in both executive and non-executive roles. By Rowena Harris-

Read more
4 Jun 2014 09:28

Wednesday broker round-up UPDATE

Advanced Computer Software: Panmure Gordon ups target price from 139p to 155p and stays with its buy recommendation. Avacta: Numis shifts target price from 1.9p to 2p and retains a buy recommendation. Balfour Beatty: Westhouse Securities reduces target price from 302p to 220p keeping its neutral r

Read more
6 May 2014 10:37

UPDATE: Proton Power Systems Widens Pretax Loss In 2013

LONDON (Alliance News) - Proton Power Systems PLC, the fuel cell system developer, Tuesday reported a bigger loss in 2013, despite a 21% increase in revenue, after booking a hefty fair value loss on embedded derivatives. In 2013, the group's pretax loss widened to GBP9.3 million, from GBP4.

Read more
6 May 2014 10:16

Proton Power Systems Widens Pretax Loss In 2013

LONDON (Alliance News) - Proton Power Systems PLC, the fuel cell system developer, Tuesday reported a bigger loss in 2013, despite a 21% increase in revenue, after booking a hefty fair value loss on embedded derivatives. In 2013, the group's pretax loss widened to GBP9.3 million, from GBP4.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.