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Customer system integration and MoU

21 Feb 2023 07:00

RNS Number : 4996Q
Proton Motor Power Systems PLC
21 February 2023
 

REACH

 

Proton Motor Power Systems plc

("Proton Motor" or the "Company")

 

Customer system integration and MoU

 

Proton Motor (AIM: PPS), the designer, developer and producer of fuel cells and fuel cell electric hybrid systems with a zero-carbon footprint, is pleased to provide an update on the deployment of the Company's fuel cell systems by a customer.

 

On 6 September 2022, the Company announced that it had delivered three of its emission-free HyFrame® S36 systems to WILO SE ("Wilo") for use in Wilo's H₂Powerplant, located at its headquarters "Wilopark" in the south of Dortmund. The Company has now been informed that the HyFrame® S36 systems have been integrated into the H₂Powerplant.

 

H₂Powerplant is an innovative hydrogen plant that enables the production of green energy from renewable resources. This supports a transition to sustainable energy for industrial companies in the context of the Paris climate protection goals and to achieve energy self-sufficiency.

 

Following the successful delivery and integration of the three HyFrame® S36 systems, Proton Motor and Wilo have entered into a Memorandum of Understanding ("MoU") to cooperate on decentralised and decarbonised energy supply. The MoU provides for the definition of topics and tasks in climate-neutral infrastructure projects for the production and use of green hydrogen, with Wilo acting as a general contractor. Proton Motor expects to derive synergies from Wilo's extensive distribution network and contacts. The MoU also envisages the identification of eco-friendly product applications complementing the respective existing or future brand portfolios.

 

As an exhibit for the upcoming ISH 2023 trade fair in Frankfurt, taking place in March, Wilo has ordered another HyFrame® S36 system from Proton Motor. ISH 2023 is the leading trade fair for heating, ventilation, air-conditioning and water. 

 

The demand for the Company's quality fuel cell systems - the S21, S28, S36 and S43 ranging from 21 kW to 43 kW - remains strong. In addition, the Company is identifying new use cases for the systems. For example, in 2021 three HyFrame® S36 systems were arranged in a mobile containerised power plant, HyShelter® 240 for Shell and, in 2022, the emergency power supply for the Swiss road tunnel Neuenhof Tunnel, in the canton of Aargau, was secured by a HyFrame® S28 unit.

 

 

 

For further information:

 

Proton Motor Power Systems Plc

 

Dr Faiz Nahab, CEO

Helmut Gierse, Chairman

Roman Kotlarzewski, CFO

+49 (0) 173 189 0923

Antonio Bossi, Non-Executive Director

Investor relations:

www.protonpowersystems.com

investor-relations@proton-motor.de

 

 

Allenby Capital Limited

 

Nominated Adviser & Broker

+44 (0) 20 3328 5656

James Reeve / Vivek Bhardwaj

 

 

 

About Proton Motor Fuel Cell GmbH

 

Proton Motor has 25 years of experience in Power Solutions using CleanTech technologies such as hydrogen fuel cells, fuel cell and 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.

 

Proton Motor Fuel Cell GmbH is a wholly owned subsidiary of Proton Motor Power Systems plc. The Company has been quoted on the AIM market of the London Stock Exchange since October 2006 (code: PPS).

 

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NRAFLFLAFLIIFIV
Date   Source Headline
23rd Apr 20246:07 pmRNSDirector dealing
28th Mar 20245:00 pmRNSTotal Voting Rights
26th Mar 20247:00 amRNSDirector dealing
20th Mar 202410:21 amRNSDirector dealing
8th Mar 20247:00 amRNSIssue of Equity and Total Voting Rights
5th Mar 20244:21 pmRNSIssue of Equity
27th Feb 20247:00 amRNSFull Year Trading Update
10th Jan 20247:00 amRNSIntroduction of new hydrogen fuel cell system
28th Nov 20237:00 amRNSIssue of Equity
27th Nov 20237:00 amRNSFollow-Up Order from GKN Hydrogen and Grant Award
14th Sep 20237:00 amRNSHalf-year Report
11th Sep 20237:00 amRNSChange to Director Roles and Responsibilities
4th Sep 20237:00 amRNSOfficial presentation of new production facility
17th Aug 20237:00 amRNSNotice of Investor Event
25th Jul 20237:00 amRNSNew Order for a Standalone Fuel Cell System
13th Jul 20237:00 amRNSRepeat order from DB Bahnbau Gruppe
30th Jun 20232:48 pmRNSResult of AGM
20th Jun 20237:00 amRNSFinal Results
20th Jun 20237:00 amRNSVariation to Loan Agreement
16th Jun 20239:33 amRNSInvestor Webinar
2nd Jun 20237:00 amRNSNew order from University of Stuttgart
31st May 20237:00 amRNSAppointment of Non-Executive Director
5th May 20237:00 amRNSNew order from Shell Renewables & Energy Solutions
23rd Feb 20237:00 amRNSChange of Registered Office
21st Feb 20237:00 amRNSCustomer system integration and MoU
9th Feb 20237:00 amRNSDirector dealings and employee share scheme grants
31st Jan 20232:40 pmRNSFollow-up order from GKN Hydrogen
27th Jan 20234:07 pmRNSDirector dealing
26th Jan 20237:00 amRNSNew order from UMSTRO GmbH
30th Dec 20221:00 pmRNSTotal Voting Rights
21st Dec 20225:25 pmRNSDirector dealings & Key Person Stock award scheme
24th Oct 20227:00 amRNSNew production facility
29th Sep 20227:00 amRNSDepartment changes & leadership appointments
28th Sep 20227:00 amRNSHalf-year Report
6th Sep 20227:00 amRNSSystem deliveries
22nd Aug 20227:00 amRNSLaunch of large power generation pack
29th Jul 20225:00 pmRNSTotal Voting Rights
22nd Jul 20225:57 pmRNSDirector dealing
15th Jul 20224:38 pmRNSKey person stock award scheme
8th Jul 20223:48 pmRNSDirector dealings & Key Person Stock award scheme
29th Jun 20224:56 pmRNSResult of AGM
13th Jun 20227:00 amRNSFinal Results
13th Jun 20227:00 amRNSLoan Extensions
31st May 20227:00 amRNSChange of Registered Office
11th Mar 20222:31 pmRNSDirector/PDMR Shareholding
9th Mar 20224:36 pmRNSPrice Monitoring Extension
7th Mar 20227:00 amRNSDirector dealings and employee share scheme grants
14th Feb 20227:00 amRNSPost year end trading update
10th Feb 20222:32 pmRNSHolding(s) in Company
30th Dec 20214:40 pmRNSSecond Price Monitoring Extn

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