RNS
Annual Report of Proton Power System PLC 2016
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.
Appointment of financial advisor
Appoint BHF
Proton Power Systems plc (AIM: PPS), the designer, developer and producer of fuel cells and fuel cell electric hybrid systems, today announces the appointment of BHF Bank Frankfurt to seek additional international industrial investors for the Company.
Proton Power has made further progress in the period with delivery of commercial contracts in proven technology, strategic co-operations and building the sales pipeline for an increase in the order book. Further investment in the manufacturing capability has put the company in a very strong strategic position to capitalise in the marketplace and to deliver financial performance. Proton Power has strengthened its organisation to be able to deliver complete power supply solutions. Proton Power adds value to clients through fuel cell expertise and system solution and know-how.
Ian Peden, Chairman of Proton Power, commented: “the Company is seeking partners with international sales reach and experience in large scale manufacturing to take the Company to the next stage, satisfying the large demand for hydrogen fuel cells.
The idea is that the strategic partner and shareholder would be able to assist Proton Power with the scale-up required to satisfy the envisaged demand. Now is the right time to find additional investors and partners as the market demand is growing fast and Proton Power is taking the business to the next level. Proton Power, with the help of BHF Bank, is presently in discussions with many different corporations in Germany, Europe, China and USA.”
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
Interim Report of Proton Power Systems PLC 2016
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.
Board re-organisation, proposed group restructuring and trading update
Result of AGM 2016
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.