Proton Mtr Pwr Regulatory News (PPS)

12 June 2024

Proton Motor Power Systems plc

("Proton Motor" or the "Company")

Follow-Up Order from H2tec AG

Proton Motor Power Systems plc (AIM: PPS), the designer, developer and producer of fuel cells and fuel cell electric hybrid systems with a zero-carbon footprint, is pleased to announce that it has received a first follow-up order from H2tec AG (the "Customer") from Switzerland, for a HyCabinet S16, with integrated master controller and voltage distribution.

The Customer acts as a full-service provider for fuel cell emergency power systems to the Swiss Road Administration "The Federal Roads Office" ("FEDRO"), which operates 300 road tunnels in Switzerland.

The receipt of the follow-up order comes after two years of real-world testing and validation of the first system ordered by the Customer, details of which were announced on 16 November 2020. That system began operating in December 2022 by the Customer and FEDRO.

The system subject to the new order includes an indoor plug and play HyCabinet S16 fuel cell system, with integrated master control unit and voltage distribution cabinet. The HyCabinet S16 will initially be equipped with only one HyModule® S8 for 8 kW nominal power output but can be upgraded with an additional, fully redundant HyModule S8 to provide 16 kW nominal power output.

The Company expects that delivery of the system will take place by Q1 2025.

Dr. Faiz Nahab, CEO of Proton Motor, said:

"This follow-up order from H2tec AG is further evidence, on behalf of FEDRO, of the trust of our customers in the reliability of Proton Motor's proprietary hydrogen fuel cell technology and our support and service. We look forward to continuing to work further with H2tec AG to provide them with zero-emission hydrogen fuel cell power generator solutions."

For further information:

About Proton Motor

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 develops and produces standard Products as well as customised solutions. The focus of Proton Motor is on stationary solutions, as well as heavy-duty, marine and rail applications. The product portfolio consists of base-fuel cell systems, standard complete, as well as customised systems.

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).