Proton Motor Power Systems PLC Repeat order from DB Bahnbau Gruppe (8469F)
July 13 2023 - 2:00AM
UK Regulatory
TIDMPPS
RNS Number : 8469F
Proton Motor Power Systems PLC
13 July 2023
13 July 2023
Proton Motor Power Systems plc
(" Proton Motor " or the " Company ")
Repeat order from DB Bahnbau Gruppe
Proton Motor Power Systems plc (AIM: PPS), the designer and
producer of hydrogen fuel cells and hydrogen fuel cell electric
hybrid systems, is pleased to announce that it has received a
follow-on order from DB Bahnbau Gruppe GmbH, a subsidiary of
Deutsche Bahn AG, the operator of the German Rail network (the
"Customer"), for a fuel cell system based on the Company's standard
HyModule(R) S8.
Once supplied, the system will be used for application fuel cell
substitute power supply (fuel cell emergency power supply) for rail
infrastructure, ensuring a robust and clean source of supply for
critical equipment within the Customer's rail infrastructure.
Proton anticipates that the system will be delivered to the
Customer in the first quarter of 2024 with revenues correspondingly
being recognised in that year. The Company previously supplied a
fuel cell system to German Rail in 2016.
Dr. Faiz Nahab, CEO of Proton Motor, said:
"This repeat order is a further vote of confidence in our
hydrogen fuel cell systems, which offer a climate neutral solution
for applications including uninterruptible emergency power supply,
peak shaving and off-grid charging infrastructure. It is also a
reflection of the strength of the relationships we've developed
across key industries, which will help Proton Motor further
commercialise its offer, on the back of moving into a new state of
the art production facility later this year, which will improve
efficiencies and scalability."
For further information:
Proton Motor Power Systems
Plc
Dr Faiz Nahab, CEO
Helmut Gierse, Chairman
Roman Kotlarzewski, CFO +49 (0) 173 189 0923
Antonio Bossi, Non-Executive
Director
Investor relations: www.protonpowersystems.com
investor-relations@proton-motor.de
Allenby Capital Limited
Nominated Adviser & Broker +44 (0) 20 3328 5656
James Reeve / Vivek Bhardwaj
Celicourt Communications
PR Adviser +44 (0) 20 7770 6424
Mark Antelme / Philip Dennis
About Proton Motor Fuel Cell GmbH
Proton Motor has 25 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 develops and produces standard Products
as well as customised solutions. The focus of Proton Motor is on
stationary solutions, as well as mobile, marine and rail
applications. The product portfolio consists of base-fuel cell
systems, standard complete, as well as customised systems.
Proton Motor Fuel Cell GmbH is a wholly owned subsidiary of
Proton Motor Power Systems plc. The Company has been quoted on the
AIM market of the London Stock Exchange since October 2006 (code:
PPS).
About DB Bahnbau Gruppe GmbH
DB Bahnbau Gruppe GmbH is a 100% subsidiary of Deutsche Bahn AG.
Its registered office is in Berlin, has annual revenue of approx.
EUR 700 million and approx. 3,500 employees. Its primary area of
focus is design, creation, and maintenance of infrastructure
facilities, in particular the rail infrastructure.
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END
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