Less Ads, More Data, More Tools Register for FREE

Pin to quick picksProton Mtr Pwr Regulatory News (PPS)

Share Price Information for Proton Mtr Pwr (PPS)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 2.00
Bid: 1.80
Ask: 2.20
Change: -0.15 (-6.98%)
Spread: 0.40 (22.222%)
Open: 2.15
High: 2.15
Low: 1.85
Prev. Close: 2.15
PPS Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Launch of triple-hybrid fuel cell city bus

11 May 2009 07:00

RNS Number : 9939R
Proton Power Systems PLC
11 May 2009
 



Press Release 

11 May 2009

Proton Power Systems plc

("Proton Power" or "the Group")

Launch of the world's first triple-hybrid fuel cell passenger bus 

Collaboration between Proton Motor and Skoda Electric

Proton Power Systems plc (AIM:PPS), a leading designer, developer and producer of fuel cells and fuel cell electric hybrid systems, is pleased to announce that its wholly owned subsidiary, Proton Motor Fuel Cell GmbH ("the Company"), has provided a preview of the world's first passenger bus using the Company's triple-hybrid fuel cell system to public transport operators and experts. The presentation took place in Puchheim, near Munich on 8 May, with the official unveiling and handover to take place this summer in Prague.

The new vehicle is the product of a cooperation agreement between Skoda Electric, UJV Nuclear Research Institute Rez plc and Proton Motor.  As a world-renowned manufacturer of trolley buses and electric-powered rail vehicles, Skoda Electric was responsible for the vehicle, including its electric drive system and system integration. The project was coordinated by UJV, a leading research institution in the Czech Republic. Proton Motor supplied the world's first triple hybrid fuel cell propulsion system. 

Unlike conventional hybrid propulsion systems, this environmentally friendly and highly efficient technology has no combustion engine, and is instead a combination of fuel cells, batteries and ultra-capacitors. It harnesses the advantages of electrical propulsion to the full, storing brake energy and thus enabling energy savings of over 50 per cent compared to conventional diesel buses.  It is also completely emissions-free. At the heart of the system is the 50-kW PM Basic A 50 fuel cell system from Proton Motor, which since last year has also been used in the world's first fuel-cell-powered passenger ferry, the FCS Alsterwasser. 

The basic vehicle is a 12-metre standard bus with a total permissible weight of 18 tonnes, of the type that has been deployed hundreds of thousands of times in urban transport networks worldwide. The propulsion system's nominal output is 120 kW (163 HP). Its maximum speed is 65 km/h, while its maximum range during urban transport is more than 250 km per tank. The bus is filled with 20 kg of gaseous hydrogen at 350 bar, and the filling process takes less than 10 minutes.  The vehicle will go into operation in and around Prague from mid-2009 onwards.

Commenting on this milestone, Thomas Melczer, CEO of Proton Power, said: "We are extremely proud to be able to once again prove our technological leadership in the field of fuel cells and hybrid systems with this city bus that runs on our triple hybrid system.  Our technology provides maximised efficiency based on an optimised technical design and energy management.  This will strongly support our approach to turn our company into an industrialised volume manufacturer for fuel cell products and applications.  We are also leaders in the implementation of tailor-made solutions in all kinds of applications, especially for public and private fleet operators."

- ENDS -

For further information:

Proton Power Systems plc 

John Wall, Chairman

Tel: +44 (0) 78 0291 7615

Ali Naini, Deputy Chairman

Tel: +44 (0) 20 7329 1750

Thomas Melczer, CEO

Tel: +49 (0) 89 127 626 599

www.protonpowersystems.com

Arbuthnot Securities Limited

Tom Griffiths / Antonio Bossi

Tel: +44 (0) 20 7012 2000

www.arbuthnotsecurities.co.uk

Media enquiries:

Abchurch Communications Limited

Justin Heath / Stephanie Cuthbert / Monique Tsang 

Tel: +44 (0) 20 7398 7718

monique.tsang@abchurch-group.com

www.abchurch-group.com

  About Proton Power Systems plc

Proton Power Systems plc is a developer and manufacturer of fuel cells and fuel cell hybrid systems for motive and stationary power supply. Its sales-driven strategy focuses on identifying applications with the greatest market needs and supplying large volumes of cost-competitive systems to fulfil those needs. Proton Power is gaining access to a broad range of markets through partnerships with leading OEMs such as Skoda Electric.

Proton Power's motive applications include forklifts, city buses, municipal utility vehicles, commercial vehicles and ferries. Stationary applications focus on the Uninterruptible Power Supply ("UPS") sector, where there is a large demand for mission-critical, grid-independent secure power supply in places such as telecommunications stations, data centres, hospitals, and power substations.

Through its wholly owned subsidiary, Proton Motor Fuel Cell GmbH ("Proton Motor"), the Group has developed and deployed fuel cell modules that can be integrated with energy storage media to create hybrid fuel cell systems. Proprietary, intelligent energy management software balances the power output across the system to maximise efficiency and improve power delivery. The system therefore boasts lower fuel consumption and more consistent levels of power delivery than conventional diesel/combustion engine or fuel cell-only systems, while producing zero harmful emissions. 

Proton Power Systems plc was admitted to trading on AIM on 31 October 2006 and is incorporated in the UK. Proton Motor has more than 15 years of experience in the fuel cell market and is located in Puchheim, near MunichGermany

www.protonpowersystems.com

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
NRACKKKPDBKBOPD
Date   Source Headline
7th Jun 201310:42 amRNSResult of AGM
21st May 20133:49 pmRNSIssue of equity and director shareholding
16th May 20138:48 amRNS10,000 hours operation of PM200 Fuel Cell
14th May 20137:00 amRNSFinal Results
11th Feb 20137:00 amRNSAcquisition of SPower
12th Dec 20127:00 amRNSFuel Cell deployment with E.ON
28th Nov 201212:00 pmRNSLoan Agreement
28th Nov 201212:00 pmRNSGrant of Options
4th Oct 20127:00 amRNSChange of Adviser
28th Sep 20127:00 amRNSInterim Results
6th Aug 20127:00 amRNSProton Motor signs cooperation agreement with Modl
26th Jun 20124:26 pmRNSResult of AGM
1st Jun 20127:00 amRNSFinal Results
14th May 20127:00 amRNSProton Motor at The Hannover Industrial Fair 2012
26th Mar 20127:00 amRNSSuccessful Integration of Fuel Cell Range Extender
1st Feb 20127:00 amRNSChange of Name of Nominated Adviser and Jt Broker
1st Feb 20127:00 amRNSIssue of Equity
22nd Dec 201110:11 amRNSGrant of Options
22nd Dec 201110:02 amRNSGrant of Options
29th Nov 20117:00 amRNSFirst commercial sales of 5kVA hydrogen fuel cell
24th Nov 20117:00 amRNSService contract with ATG
4th Nov 201112:00 pmRNSIssue of Equity
17th Oct 20117:00 amRNSConversion of convertible loan
6th Oct 20117:00 amRNSAppointment of Joint Broker
29th Sep 20117:00 amRNSInterim Results
1st Jul 20113:11 pmRNSGrant of Options
28th Jun 20111:30 pmRNSResult of AGM
7th Jun 201110:25 amRNSExtension of convertible loan agreement
3rd Jun 20117:00 amRNSFinancial Results
2nd Mar 20117:00 amRNSDirectorate Change
14th Dec 201012:20 pmRNSExtension of convertible loan agreement
1st Dec 20107:00 amRNSStrategy update including Board Changes
14th Oct 20107:00 amRNSConvertible loan and director shareholding
29th Sep 20107:00 amRNSInterim Results
20th Sep 201012:31 pmRNSChange of Registrar
26th Jul 20109:54 amRNSDirectorate Change
1st Jul 201011:59 amRNSGrant of Options
23rd Jun 20107:00 amRNSResult of AGM
10th Jun 20108:41 amRNSGrant funding and bank facility
24th May 20107:00 amRNSPreliminary Results
13th May 20108:34 amRNSNotice of Preliminary Results
12th May 20107:00 amRNSSPower agreement
23rd Apr 20107:00 amRNSExtension of Convertible Loan
20th Apr 20108:30 amRNSProton Power Systems exhibits at Hanover Fair 2010
6th Apr 20107:00 amRNSDirectorate Change
2nd Feb 20107:00 amRNSMoU with Smith Electric Vehicles
27th Jan 20102:35 pmRNSExtension of convertible loan
18th Jan 20107:00 amRNSConversion of Loan
10th Dec 20094:15 pmRNSGrant of Options
9th Nov 20097:00 amRNSConvertible Loan

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.