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Manufacturing robot

28 May 2019 07:00

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

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Proton Power Systems plc

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("Proton" or the "Company")

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Robot to increase manufacturing capacity delivered

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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.

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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).

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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."

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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

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Tel: +49 (0) 173 189 0923

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www.protonpowersystems.com

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Stockdale Securities Limited

Nominated adviser and broker

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Tel: +44 (0) 20 7601 6100

Antonio Bossi / David Coaten

www.stockdalesecurities.com

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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.

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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.

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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).

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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 byĀ Hydrogen Europe and the research community represented byĀ HydrogenĀ Europe Research. https://fch.europa.eu/

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MSCEAXSLAEPNEFF
Date   Source Headline
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 amRNSLoan Extension
14th May 20197:00 amRNSConfirmed order
14th May 20197:00 amRNSFinal Results
30th Apr 20194:41 pmRNSSecond Price Monitoring Extn
30th Apr 20194:35 pmRNSPrice Monitoring Extension
30th Apr 201911:06 amRNSSecond Price Monitoring Extn
30th Apr 201911:00 amRNSPrice Monitoring Extension
30th Apr 20197:00 amRNSCooperation agreement
24th Apr 20199:05 amRNSSecond Price Monitoring Extn
24th Apr 20199:00 amRNSPrice Monitoring Extension
18th Apr 20192:34 pmRNSExercise of Options
8th Apr 201912:09 pmRNSTransfer of majority shareholding
4th Apr 20197:00 amRNSOrder for Fuel Cells
15th Mar 20197:00 amRNSLetter of Intent Signed
4th Mar 20197:00 amRNSExercise of share options
24th Jan 201911:52 amRNSIssue of equity, director shareholding
9th Jan 20197:00 amRNSJoint Venture Agreement
17th Oct 20184:40 pmRNSSecond Price Monitoring Extn
17th Oct 20184:35 pmRNSPrice Monitoring Extension
16th Oct 20184:35 pmRNSPrice Monitoring Extension
15th Oct 20189:00 amRNSPrice Monitoring Extension
15th Oct 20187:00 amRNSJoint Venture
5th Oct 201811:05 amRNSSecond Price Monitoring Extn
5th Oct 201811:00 amRNSPrice Monitoring Extension
26th Sep 20189:30 amRNSHalf-year Report
27th Jul 20184:40 pmRNSSecond Price Monitoring Extn
27th Jul 20184:35 pmRNSPrice Monitoring Extension
27th Jul 20182:05 pmRNSSecond Price Monitoring Extn
27th Jul 20182:00 pmRNSPrice Monitoring Extension

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