RE: Another order6 Nov 2021 18:08
Order from DB Bahnbau
Proton Motor Power Systems plc (AIM: PPS), Europe's leading designer, developer and producer of fuel cells and electric hybrid systems with a zero-carbon footprint, is pleased to announce that following the recent extension of the co-operation agreement with DB Bahnbau Gruppe GmbH ("DB Bahnbau"), which was first announced on 20 July 2015, it has:
- received an order from DB Bahnbau for a PM Frame fuel cell system (Proton Motor's modular fuel cell system for customised integration); and
- entered into a maintenance services contract for 22 systems, which were delivered in 2016, with DB Bahnbau acting as general contractor.
DB Bahnbau is a subsidiary of Deutsche Bahn AG (the German railway company, headquartered in Berlin) and is a full-service provider for rail infrastructure.
The Board estimate the market potential for Emergency Power Systems (EPS) to be delivered in co-operation with DB Bahnbau to be up to 1,800 sites with power requirement levels of between 10kW and 500kW.
I'm also invested in AFC who although seeming to make good progress, they do not yet have solid orders and contracts like PPS. With COP26 now up and running, this could have a positive affect on the SP. We had forecasted sales of 45M Euros in July. Looks like it's slowly starting to come in. Wont be long before a very big order comes in.
Well done PPS in securing yet another contract, and holding firmly.