Proton Power Systems plc (AIM:PPS), the designer, developer and producer of fuel cells and fuel cell electric hybrid systems, now publishes its Annual Report for the year 2016.
For further information:Proton Power Systems plc Dr Faiz Nahab, CEO Ian Peden, Chairman, Tel: +49 (0) 162 101 64 70, www.proton-motor.de Stockdale Securities Limited Nominated adviser and broker, Tel: +44 (0) 20 7601 6100 Antonio Bossi / David Coaten, www.stockdalesecurities.com
We are pleased to report our unaudited results for the six months ended 30 June 2016.
Proton Power has made further progress in the period with delivery of commercial contracts in proven technology, strategic co- operations and building our sales pipeline for a rapid increase in our order book. Further investment in our manufacturing capability has put us in a very strong strategic position to capitalise in the marketplace and to deliver financial performance. We have strengthened our organisation to be able to deliver complete power supply solutions.
Proton Motor is a leading manufacturer of hydrogen fuel cells and fuel cell systems for mobile, maritime and stationary applications.
Proton Power Systems plc (AIM: PPS), a Clean Tech total power solution provider, uniquely the designer, developer and producer of fuel cells and fuel cell electric hybrid systems, announces that at the Company’s Annual General Meeting held on 1 June 2016 all resolutions put to shareholders were duly passed.
At the meeting Ian Peden, Chairman of Proton Power, said: „Proton has moved into the commercialisation phase during 2016 and beyond with a very strong €2.5m order book. The key strength of Proton Power is the „blue chip“ relationships we have with the major players in the clean power solutions industry. This will form the foundation of our future revenue streams. The recent signature of a seven year framework agreement shows the confidence in Proton Power’s technology and demonstrates its capability in clean tech power solutions.