Less Ads, More Data, More Tools Register for FREE

Pin to quick picksProton Mtr Pwr Regulatory News (PPS)

  • There is currently no data for PPS

Manufacturing robot

28 May 2019 07:00

RNS Number : 2023A
Proton Power Systems PLC
28 May 2019
 

 

 

 

 

28 May 2019

 

 

Proton Power Systems plc

 

("Proton" or the "Company")

 

Robot to increase manufacturing capacity delivered

 

Proton Power Systems plc (AIM: PPS), the designer, developer and producer of fuel cells and fuel cell electric hybrid systems with a zero carbon footprint, announces that further to the recent conclusion of cooperation and partnership agreements and clear signs that the industry demand for hydrogen fuel cells is rapidly increasing, it is presently installing a stack manufacturing robot which will allow it to increase production capacity to 5,000 fuel cell units per annum. The manufacturing robot relating to the project Fit-4-AMandA (Fit for Automatic Manufacturing and Assembly) was financed by the European Fuel Cells and Hydrogen Joint Undertaking (FCH JU) agency. Proton was one of 5 professional bodies that took part in the development and rigorous testing programme in order to perfect performance and manufacturing capacity of the robot.

 

In order to meet future increasing demand, plans are already in place to modify the machine layout to be able to produce up to 30,000 stack units per year. Proton would like to assure all its supporters and those believing in our zero CO2 footprint that the company is ready and able with its GEN 4 stack module and fuel cell to cope with the expected demand in this partially world saving industry. This contribution to the industry will serve mobile applications (buses, trucks, etc.), stationary applications (power generation, standby & continuous power), and maritime (yachts, ships).

 

Helmut Gierse, Chairman, said: "We are delighted with this important development in the Company´s progress as it contributes greatly to manufacturing ability and puts Proton in a commanding position to receive larger quantity orders before the end of 2020."

 

 

 

 

For further information:

Proton 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

 

Stockdale Securities Limited

Nominated adviser and broker

 

 

Tel: +44 (0) 20 7601 6100

Antonio Bossi / David Coaten

www.stockdalesecurities.com

 

About Proton Motor Fuel Cell GmbH

Proton Motor is an expert with 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 wholly owned subsidiary of Proton Power Systems plc. The Company has been listed on the London Stock Exchange since October 2006 (code: PPS).

 

About Fuel Cells and Hydrogen Joint Undertaking

The Fuel Cells and Hydrogen Joint Undertaking (FCH JU) is a unique public private partnership supporting research, technological development and demonstration (RTD) activities in fuel cell and hydrogen energy technologies in Europe. Its aim is to accelerate the market introduction of these technologies, realising their potential as an instrument in achieving a carbon-clean energy system.

The three members of the FCH JU are the European Commission, fuel cell and hydrogen industries represented by Hydrogen Europe and the research community represented by Hydrogen Europe Research. https://fch.europa.eu/

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. 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.
 
END
 
 
MSCEAXSLAEPNEFF
Date   Source Headline
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
30th Dec 20214:36 pmRNSPrice Monitoring Extension
29th Dec 202111:00 amRNSResult of GM & completion of subdivision
14th Dec 20217:00 amRNSPublication of Circular
13th Dec 20211:51 pmRNSNotice of GM
7th Dec 20212:20 pmRNSProposed waiver of conversion rights & share split
1st Dec 20217:00 amRNSChange of Adviser
15th Nov 20218:34 amRNSUpdate on the marine sector
5th Nov 20214:41 pmRNSSecond Price Monitoring Extn
5th Nov 20214:35 pmRNSPrice Monitoring Extension
5th Nov 20217:00 amRNSOrder from DB Bahnbau
21st Oct 20219:05 amRNSSecond Price Monitoring Extn
21st Oct 20219:00 amRNSPrice Monitoring Extension
19th Oct 20212:06 pmRNSSecond Price Monitoring Extn
19th Oct 20212:01 pmRNSPrice Monitoring Extension
19th Oct 202111:00 amRNSPrice Monitoring Extension
13th Oct 202111:05 amRNSSecond Price Monitoring Extn
13th Oct 202111:00 amRNSPrice Monitoring Extension
29th Sep 20214:41 pmRNSSecond Price Monitoring Extn
29th Sep 20214:36 pmRNSPrice Monitoring Extension
17th Sep 20217:00 amRNSHalf-year Report
19th Aug 20217:00 amRNSFurther order from GKN
5th Aug 20217:00 amRNSDirectorate Change
30th Jul 20217:00 amRNSInitial order from Electra

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.