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Pin to quick picksProton Mtr Pwr Regulatory News (PPS)

Share Price Information for Proton Mtr Pwr (PPS)

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Further details on existing order

26 Nov 2020 07:00

RNS Number : 5414G
Proton Motor Power Systems PLC
26 November 2020
 

 

 

 

 

 

26 November 2020

 

 

Proton Motor Power Systems plc

 

("Proton Motor" or the "Company")

Further details on existing order for the rail segment

 

On 4 February 2020 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, announced that it had received an order from a new customer in Europe for a Hydrogen Fuel Cell system to be integrated into a mobility related application. Delivery is scheduled for May 2021.

 

Proton Motor has now been given clearance to announce further details with regard to the order as follows:

 

The order consists of the world´s first integration of a fuel cell into a rail milling machine as part of the flagship project "MG11 H2" of the Austrian corporation Linsinger Maschinenbau Gesellschaft m.b.H. (www.linsinger.com), the world market leader in rail milling machines. This project was recently officially presented at the Linsinger headquarters to the media and to representatives from business and local government.

 

Proton Motor will be delivering a 214 kW hydrogen fuel cell system specifically adapted to Linsinger´s requirements. The high-performance milling machine MG11 has a purely electric drive, without any hydraulics. This means that Linsinger´s future rail milling machines, which will replace those currently powered by diesel engines, will be providing a solution to the increasingly stringent regulations regarding pollution from exhausts and excessive noise levels. Especially in underground tunnels, the new machine has clear advantages over current diesel powered machines. Furthermore the health risk of the operating crew will also be minimised via the emission-free milling concept, which also eliminates dust pollution.

 

Dr. Nahab, CEO of Proton, commented: "Here we have a clear indication of hydrogen as an environmentally friendly energy source generating substantial added value in the rail segment - and not only in passenger transport. Rail maintenance benefits from Proton Motor´s innovative zero-emission cleantech solutions."

 

 

 

For further information:

Proton Motor 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

investor-relations@proton-motor.de

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, 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. In addition to power supply, SPower also offers solutions for Solar Systems as well as a new product line for Solar Energy Storage.

 

Proton Motor Fuel Cells 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).

 

About Linsinger Maschinenbau Gesellschaft mbH

Linsinger has a tradition of more than 80 years as a global leader for milling, sawing and rail technology. Linsinger´s aim is to maintain their technological edge in the market, by listening to customers and offering optimal products and services in order to support the successful operations of more than 400 satisfied clients. www.linsinger.com

 

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
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Date   Source Headline
23rd Dec 20207:00 amRNSEmployee share scheme and director dealing
17th Dec 202011:00 amRNSDirector dealings and Employee share scheme
11th Dec 202010:45 amRNSEmployee share scheme
7th Dec 20207:00 amRNSLondon Stock Exchange Green Economy Mark
1st Dec 202010:30 amRNSHolding(s) in Company
26th Nov 20207:00 amRNSFurther details on existing order
16th Nov 20207:00 amRNSNew Order
2nd Nov 20207:00 amRNSImproved terms for existing loans agreed
26th Oct 20207:00 amRNSPreferred Supplier Agreement
15th Oct 20203:30 pmRNSHolding(s) in Company
12th Oct 20209:45 amRNSHolding(s) in Company
28th Sep 20207:00 amRNSNew Order
18th Aug 20208:01 amRNSHalf-year Report
10th Aug 20207:00 amRNSOrder from Shell New Energies
30th Jul 202012:30 pmRNSResult of AGM
16th Jul 20207:25 amRNSDirector/PDMR Shareholding
15th Jul 20207:00 amRNSDirector/PDMR Shareholding
10th Jul 20207:00 amRNSConversion of loan interest
8th Jul 20207:00 amRNSConversion of loan interest
23rd Jun 20207:00 amRNSFinal Results
23rd Jun 20207:00 amRNSLoan Extensions
8th Jun 20204:41 pmRNSSecond Price Monitoring Extn
8th Jun 20204:36 pmRNSPrice Monitoring Extension
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4th Jun 202012:30 pmRNSStmnt re Share Price Movement
3rd Jun 20204:41 pmRNSSecond Price Monitoring Extn
3rd Jun 20204:36 pmRNSPrice Monitoring Extension
3rd Jun 20202:06 pmRNSSecond Price Monitoring Extn
3rd Jun 20202:01 pmRNSPrice Monitoring Extension
1st Jun 20204:42 pmRNSSecond Price Monitoring Extn
1st Jun 20204:36 pmRNSPrice Monitoring Extension
21st May 20204:40 pmRNSSecond Price Monitoring Extn
21st May 20204:36 pmRNSPrice Monitoring Extension
6th May 20207:00 amRNSEmployee Share Scheme
16th Apr 20207:00 amRNSNo negative COVID-19 impact on Proton
7th Apr 20207:00 amRNSDirector/PDMR Shareholding
23rd Mar 20202:45 pmRNSHolding(s) in Company
16th Mar 202011:06 amRNSSecond Price Monitoring Extn
16th Mar 202011:00 amRNSPrice Monitoring Extension
12th Mar 20209:15 amRNSNew Order
10th Mar 20204:41 pmRNSSecond Price Monitoring Extn
10th Mar 20204:36 pmRNSPrice Monitoring Extension
10th Mar 20201:58 pmRNSFramework agreement
6th Mar 20205:20 pmRNSDirector/PDMR Shareholding
2nd Mar 20204:41 pmRNSSecond Price Monitoring Extn
2nd Mar 20204:36 pmRNSPrice Monitoring Extension
28th Feb 202010:48 amRNSEmployee Share Scheme
27th Feb 20202:05 pmRNSSecond Price Monitoring Extn
27th Feb 20202:00 pmRNSPrice Monitoring Extension
24th Feb 20207:00 amRNSDirector/PDMR Shareholding

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