Member Info for sharesport

Back onto last weeks news and the more I think about it the better it becomes. GLAH.

I was going from memory Bilbo and have had a look at the Q&A on the Nel site and you are correct in that the final report is awaited. My apologies.

No Bilboburgler, apologies for the typo thought I had typed bilbs.

Bulbs, the Norway issue was traced from memory to supply chain and is resolved as far as I am aware. Will see if I can find the link.

Linde green hydrogen deal is transformational
The deal also provides validation of the company’s electrolyser technology and was the culmination of a five-year relationship with the with German gases giant.
Where Linde comes in is to provide the heft, via its engineering arm, to scale up the electrolyser plants, which should also reduce the unit costs of production significantly.

The German group, whose revenues last year were £21bn, has “deep expertise” in engineering, procurement and construction and, of course, a global customer base.

“The joint venture will enable us to focus on our core competency of the development and sale of electrolysers, and with Linde as our partner to deliver green hydrogen at scale,” said Cooley.

“The successful fundraising provides the financial resources to exploit this exciting opportunity to the full.”

In a recent announcement, ITM said the pair will focus on electrolyser capacities of 10 Megawatts and above, targeting the refinery market.

I for one ave held these shares for several years and have watched the company develop, sometimes painfully slowly but it is all coming together nicely. So yes I think the prospects are good as do other long term holders.

Could the trade be part of the firm placing as the price is 40p

Any thoughts on the large delayed trade which has just shown up - shown as a sell but why sell at that price and now.

I guess its hard to predict where the SP might be in the short term given the investment price but I would of thought more rises to come even taking that into consideration. I have seen the rises and falls before but this one seems different given the JV RNS. GLAH

Today is the game changing news we have been waiting for. I thought they would get there on their own eventually but this accelerates the growth. The market opportunity is now much greater and you never know other companies may look at similar arrangements while the opportunity is there. Like a few on here I am a long time holder and often questioned what the plan was but we certainly know now. GLAH

As like many long term holders I am frustrated BUT we have only just entered Q4 so let's await their next update.

only scanned both RNS but exciting times ahead

Advice : HSL-191002091507-283 DO NOT ADVISE AGAINST
Your Ref: 19/03489/FUL

HSE's Advice: Do Not Advise Against, consequently, HSE does not advise, on safety grounds,
against the granting of planning permission in this case.

I looked at the documents also BB and confirm Stokes findings

Thanks Stokey - good news and in fairly short order.

That's what you call meeting and exceeding. revenue doubles again. Glah

Notice of Final Results

ITM Power expects to announce its final results for the year ended 30 April 2019 in early October.

Proton Power Systems plc
("Proton" or the "Company")
Unaudited Interim Results for the six months to 30 June 2019
Proton Power Systems plc (AIM: PPS), the designer, developer and producer of fuel cells and fuel cell
electric hybrid systems with a zero-carbon footprint, announces its unaudited interim results for the
six months ended 30 June 2019.
The highlights of the first half of 2019 are detailed in the Chairman´s report which is set out below.
For further information:
Proton Power Systems plc
Dr Faiz Nahab, CEO
Helmut Gierse, Chairman
Sebastian Goldner, COO/CTO
Roman Kotlarzewski, CFO
Manfred Limbrunner, Director Sales and Marketing
Tel: +49 (0) 173 189 0923
www.protonpowersystems.com
Shore Capital
Nominated adviser and broker
Antonio Bossi / David Coaten Tel: +44 (0) 20 7408 4050
www.shorecap.co.uk
About Proton Motor Fuel Cell GmbH
Proton Motor has more than 20 years of experience in Power Solutions using CleanTech technologies
such as hydrogen fuel cells and fuel cell hybrid systems with a zero carbon footprint. Based in
Puchheim near Munich, Proton Motor offers complete fuel cell and hybrid systems from a single
source - from the development and production through the implementation of customized
solutions. The focus of Proton Motor is on back-to-base, for example, for mobile, marine and
stationary solutions applications. The product portfolio consists of base-fuel cell systems, standard
complete systems, as well as customized systems.
Proton Motor serves IT, Telecoms, public infrastructure and healthcare customers in Germany,
Europe and Middle East with power supply solutions for DC and AC power demand. In addition to
power supply, Proton Motor also offers solutions for Solar Systems as well as Solar Energy Storage.
Proton Motor Fuel Cells GmbH is wholly owned subsidiary of Proton Power Systems plc. The
Company has been quoted on the AIM market of the London Stock Exchange since October 2006
(code: PPS).

All the information in the RNS is posted below now

Rail

Through the initial operation of the first fuel cell train by Alstom we see increasing interest from this sector.

Product status and manufacturing capacity

In 2017 the Group initiated a new development program to design the fourth generation of fuel cell systems. This new lighter weight and higher integration single stack modular designs cover power ranges from 2 up to 16 kW in 2 kW steps in the lower power class (PM200) and from 15 to 75 kW in 7.5 kW steps in the upper power class (PM400). Both power classes are available not just for stationary, but also for logistic, automotive, rail and maritime applications.

With these fourth-generation fuel cell stacks and systems the Group has set up strategic partnerships with electrical drive train manufacturers and vehicle OEMs. The systems can be used in combination with a battery and a hybrid drive train to power electric driven light and heavy duty vehicles or inner city buses. We also expect growing demand in the near future from truck manufacturers for municipality maintenance vehicles. Additionally, operation of our fuel cells as Range Extenders is possible. A Range Extender, based on a hydrogen fuel cell, is used to support a battery powered system. The benefits are a significant increase in their range of operation, increase of payload, possibility for multi shift operation (refilling instead of charging) support for air-conditioning or heating devices with zero emissions. The Group has carried out extensive testing in vehicles which proves the benefit of range extension based on the combination of a battery and a fuel cell system.

Also offered are multi stack systems for power demands beyond 100 kW for larger trucks, trains, ships and larger stationary applications.



In 2017, in order to meet the worldwide increase in demand for fuel cell systems, the Group initiated a program to ramp up manufacturing capabilities in order to be able to produce up to 1,000 fuel cells per year. In the second step, an automated fuel cell manufacturing line was installed in Q2 2019, to increase manufacturing capacity further up to 5,000 fuel cells per year.

I personally thank all our customers who believe in us, our committed employees and our shareholders who have the vision to invest in our mission.

Consolidated income statement