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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
21st Feb 20202:59 pmRNSDirector/PDMR Shareholding
13th Feb 20203:00 pmRNSDirector dealing and exercise of Share options
10th Feb 202011:35 amRNSDirectors dealings and issue of equity
4th Feb 20202:18 pmRNSNew order
30th Jan 20207:00 amRNSDirector/PDMR Shareholding
27th Jan 20204:10 pmRNSDirector/PDMR Shareholding
22nd Jan 20201:49 pmRNSNew order
22nd Jan 202011:05 amRNSSecond Price Monitoring Extn
22nd Jan 202011:00 amRNSPrice Monitoring Extension
21st Jan 20204:17 pmRNSDirector/PDMR Shareholding
20th Jan 20209:05 amRNSSecond Price Monitoring Extn
20th Jan 20209:00 amRNSPrice Monitoring Extension
17th Jan 20207:00 amRNSDirector/PDMR Shareholding
16th Jan 20207:00 amRNSExercise of options and total voting rights
13th Jan 20203:15 pmRNSDirector/PDMR Shareholding
10th Jan 202011:00 amRNSDirector/PDMR Shareholding
6th Jan 20208:10 amRNSDirector/PDMR Shareholding
2nd Jan 20208:37 amRNSDirector/PDMR Shareholding
24th Dec 20197:00 amRNSDirector/PDMR Shareholding
23rd Dec 20197:00 amRNSDirector/PDMR Shareholding
23rd Dec 20197:00 amRNSIssue of Equity and Directors' Dealing
20th Dec 20194:14 pmRNSDirector/PDMR Shareholding
17th Dec 201911:59 amRNSChange of Name
16th Dec 20192:18 pmRNSResult of Meeting and proposed change of name
12th Dec 20191:15 pmRNSDirector/PDMR Shareholding
9th Dec 201911:00 amRNSHolding(s) in Company
5th Dec 201910:44 amRNSExercise of options
27th Nov 20198:55 amRNSLetter of Intent Signed
26th Nov 20199:02 amRNSDirector/PDMR Shareholding
13th Nov 20197:00 amRNSConversion of Loans and Financing
7th Nov 20193:00 pmRNSDirector/PDMR Shareholding
14th Oct 20197:00 amRNSFuel cell stack robot
30th Sep 20197:00 amRNSHalf-year Report
25th Sep 20193:58 pmRNSDirector/PDMR Shareholding
27th Aug 201910:01 amRNSJoint venture
30th Jul 20197:00 amRNSExercise of options
18th Jul 20197:00 amRNSChange of Adviser
11th Jul 20197:00 amRNSFinancing
2nd Jul 20192:15 pmRNSDirector Declaration
10th Jun 20198:19 amRNSResult of AGM
28th May 201911:05 amRNSSecond Price Monitoring Extn
28th May 201911:00 amRNSPrice Monitoring Extension
28th May 20197:00 amRNSManufacturing robot
24th May 20197:00 amRNSExercise of share options
21st May 20192:05 pmRNSSecond Price Monitoring Extn
21st May 20192:00 pmRNSPrice Monitoring Extension
14th May 20197:00 amRNSFinal Results
14th May 20197:00 amRNSLoan Extension
14th May 20197:00 amRNSConfirmed order
30th Apr 20194:41 pmRNSSecond Price Monitoring Extn

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