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
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
30th Sep 20097:00 amRNSInterim Results
28th Sep 20097:00 amRNSAgreement with L-3 Communications
24th Sep 20092:47 pmRNSDebenture Agreement
31st Jul 200910:49 amRNSLoan Agreement
29th Jul 20093:43 pmRNSDirectors' Dealings
24th Jul 20094:10 pmRNSGrant of Options
23rd Jul 200912:20 pmRNSResult of AGM
16th Jul 200911:28 amRNSDirector Shareholding
15th Jul 20097:00 amRNSDelivery of fuel cell street cleaning vehicle
30th Jun 20097:00 amRNSFinal Results
23rd Jun 200910:30 amRNSNotice of Final Results
27th May 20097:00 amRNSContract manufacturing with Deutsche Mechatronics
12th May 200911:28 amRNSHolding(s) in Company
11th May 20097:00 amRNSLaunch of triple-hybrid fuel cell city bus
29th Apr 20096:17 pmRNSDirector shareholding and Convertible Loan Agmt
24th Mar 20097:00 amRNSISO 9001 quality management certification
17th Feb 20091:46 pmRNSDirector/PDMR Shareholding
13th Feb 20093:45 pmRNSEquity Issue and Director Shareholding
29th Jan 20093:30 pmRNSDirectorate Change
16th Jan 20095:01 pmRNSDirector/PDMR Shareholding
13th Jan 20097:00 amRNSIssue of Equity and Total Voting Rights
23rd Dec 20083:10 pmRNSEquity Subscription
12th Dec 20089:20 amRNSDirectorate Change
11th Nov 20082:21 pmRNSResignation of Director
6th Nov 20083:17 pmRNSDirector/PDMR Shareholding

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.