Holding(s) in Company

2 Nov 2007 08:38

Proton Power Systems PLC02 November 2007 Proton Power Systems plc ("Proton Power" or the "Company") Holding in Company Proton Power was notified on 1 November 2007 that The Royal Bank of ScotlandGroup plc had a notifiable interest of 2,500,000 ordinary shares of 5 pence eachin the Company, representing 7.96% of the issued ordinary share capital of theCompany. This interest arises from the acquisition of ABN AMRO Holding N.V. byRFS Holdings N.V., of which The Royal Bank of Scotland Group plc is the ultimateparent. The issued share capital of the Company is 31,390,863 ordinary shares of 5 penceper share. - Ends - For further information: Proton Power Systems plcFelix Heidelberg, CEO Tel: +49 (0) 89 1276265 0f.heidelberg@proton-motor.de www.protonpowersystems.com Noble & Company Limited Graeme Bayley / Andy Yeo Tel: +44 (0) 20 7763 2200 www.noblegp.com Media enquiries: Abchurch Communications LimitedJustin Heath / Franziska Boehnke Tel: +44 (0) 20 7398 7700franziska.boehnke@abchurch-group.com www.abchurch-group.com Notes to Editors Proton Power Systems plc is a developer of fuel cells and fuel cell hybridsystems for motive and back-up power supply. Proton Power has more than 13 yearsof experience in the fuel cell market. Through its wholly owned subsidiary,Proton Motor Fuel Cell GmbH, the Company has developed and produced a fuel cellmodule running on hydrogen and integrated this with an energy storage system tocreate a hybrid electric fuel cell system. The system harnesses the excess powergenerated by the fuel cell during partial load (such as stop-start operations)and uses the stored energy in peak demand times. The system thus boasts lowerfuel consumption and more consistent levels of power delivery than conventionalcombustion engine or fuel cell-only systems, in addition to producing zeroharmful emissions. Proton Power's market focus lies in industrial applications where 'back-to-base'refuelling occurs at the end of each shift or work period, such as in thematerials handling and mass transportation sectors. In these markets, thecommercialisation of applications is possible at a very early stage, as they donot depend on the existence of a ubiquitous hydrogen infrastructure. Throughpartnerships with leading OEMs such as Skoda Electric and Linde, Proton Power'stechnology is already deployed in city buses and forklift trucks. Proton Power also targets the upcoming market for marine transportationapplications and provides the hybrid fuel cell propulsion system for Europe'sfirst fuel-cell powered passenger / river boat ferry, which will be operating inHamburg from 2008. Proton Power Systems plc was admitted to trading on AIM on 31 October 2006 andis based in the UK. Its operating subsidiary, Proton Motor Fuel Cell GmbH, islocated in Puchheim, near Munich, Germany. This information is provided by RNS The company news service from the London Stock Exchange