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Trading Update
Thu, 4th Mar 2021 07:00
RNS Number : 0833R
Proton Motor Power Systems PLC
Proton Motor Power Systems plc (AIM: PPS), the designer, developer and producer of hydrogen fuel cells and hydrogen fuel cell electric hybrid systems with a zero-carbon footprint, is pleased to provide a Trading Update for the year ended 31 December 2020.
Highlights:
· Order intake of £7.3m (2019: £1.3m), an almost six fold increase.
· Order backlog value in production at the end of the year: £6.4m under contract (2019: £0.9m).
· Sales £1.9m (2019: £0.8m), an increase of 138%.
During 2020 Proton Motor received orders, among others, from E-Trucks Europe for refuse collection trucks, from Vonovia SE and Shell New Energies for stationary systems, from Fincantieri in the maritime segment, and for the world´s first integration of a fuel cell into a rail milling machine. The rail milling machine order was part of the flagship project "MG11 H2" from the world market leader for rail milling machines, the Austrian corporation Linsinger Maschinenbau Gesellschaft m.b.H.
Furthermore, the Company entered into a framework agreement with APEX Energy Teterow GmbH for ten containerised 100kW fuel cell systems.
These orders already generated sales in 2020 with further projected sales in 2021 and 2022.
In fifty minutes.
https://www.investormeetcompany.com/
Is it safe to come out now?
Bloodbath is an understatement, and it continues to fall.
WTF is going on?
Worrying about the EU when we already have the American market. The BC deal is the game changer, BC is a huge company and yes could easily buy out Genedrive.
In tomorrow, results will be good and the SP will fly. Those selling will be kicking themselves. Might top up some more if it drops any further.
Only 31 comments. It's gone terribly quiet over here lol, what happened, or should I say what's not happening lol?
The Hydrogen sector is taking a hammering, most Hydrogen stocks are down. Doesn't make sense when there are a lot of countries now investing in Green energy. As well as investors turning to mutual funds, a lot of the downturn is also caused by the uncertainty around how and where new contracts will be signed off now that we are no longer in the EU. This month is the end of the financial year, hopefully there will be a lot more certainty when the new financial year kicks off in April.
Things don't look as bad as I thought they would be. The american market seems to bring this stock down then the UK market pushes it back up.
Will be averaging down if this dip continues. Can't see this staying down when there are blockbusters coming up. Only one way this will eventually go.
Lol Twitter so funny.
The overall market is on a bit of a downturn at the moment. That's to be expected with businesses suffering because of Covid and lockdown. ARB holding up well under the circumstances. Should turn the corner soon, a bit of patience required in these trying times.
Of course the kits are selling, BC are carrying out Antibody and Antigen tests as we speak. The kits have and are being bought up by BC. Question is how many? Look forward to good news on Thursday.
Can't believe these shares are so cheap. Just bought a load.
GLA