RNS24 Nov 2011 07:10
Service contract with ATG
Proton Power Systems plc (AIM:PPS), a leading designer, developer and producer of fuel cells and fuel cell electric hybrid systems, is pleased to announce that its wholly owned subsidiary, Proton Motor Fuel Cell GmbH ("the Company"), has been awarded a service contract from the Hamburg-based tourist ferry operator ATG Alster-Touristik GmbH ("ATG"), which operates within its fleet the world's first Hydrogen powered ferry boat, the 'Alsterwasser'. The 'Alsterwasser', which is capable of carrying more than 100 passengers, has been operating on a daily basis since the beginning of the 2011 summer season without any technical problems. ATG has now signed a regular service contract for the Hydrogen Fuel Cell system with the Company.
Commenting on the ATG service contract, Dr. Faiz Nahab, CEO of Proton Power, said: "We see this service contract as an extremely important step forward in our corporate development. The 'Alsterwasser' is no longer a test application for new technologies as it is now a regular ship which has operated effectively during the Summer season and is proof that the Group's technology is capable of performing on a daily basis without special maintenance or support. We are extremely pleased to have signed this service contract with ATG and it clearly demonstrates the reliability of our technology. We are confident that this contract will lead us towards other projects of a similar nature to the 'Alsterwasser'."